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Monthly archive April, 2017

EUR/CHF: Trading The SNB Put – BofAML

Bank of America FX Strategy Research notes that the month of March has been relatively uneventful for the CHF, which has traded in narrow ranges both versus EUR and in TWI terms.

In this regard, BofAML argues that the Read More →

GBPJPY – British Pound Corrections Remains Capped Vs Japanese Yen

Key Points

  • The British Pound recently faced resistance near 139.00 against the Japanese yen, and moved down.
  • The GBPJPY pair, however found support near a bullish trend line at 137.75 on the hourly chart.
  • Today in Japan, the Securities investment Read More →

USD awaits US-China summit

A hawkish tone in the minutes released yesterday of the last FOMC meeting minutes, and a stronger than expected ADP employment change for March didn’t do much to avert the USD’s decline yesterday at close, and even this morning.

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AUDJPY – Aussie Dollar Remains Sell Vs Japanese Yen

Key Points

  • The Aussie dollar made a downside move towards 83.20 vs the Japanese yen where it found support.
  • The AUDJPY is currently moving higher, but may face two bearish trend lines with resistance at 83.90 and 84.10 on the Read More →

USD: Trading The FOMC Minutes – Views From 10 Major Banks

The following are brief expectations for the minutes from the 14-15 March FOMC meeting as compiled from the related research reports of 10 major banks.

Overall, they don't expect the minutes to reveal much additional information, noticing that the Read More →