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Monthly archive May, 2017

USD/JPY: After The Recent Bottom: What’s The Trade? – BofAML

In early April, Bank of America Merrill Lynch FX Strategy Research argued that USD/JPY's potential technical dip below 110 would not be sustainable.

In that regard, BofAML notes that following this call, USD/JPY subsequently breached 110, but bounced off Read More →

Euro bows down to Profit taking; Gold recovers intial dip after Macron Victory result

Euro bows down to profit taking as Emmanuel Macron seals a resounding victory against the far-right leader Marine le Pen in Sunday’s second round of France’s Presidential election. Media reports show that support for Macron was at least 30 percentage Read More →

USDJPY – US Dollar To Break Higher Soon Vs Japanese Yen?

Key Points

  • The US Dollar gained bids recently and moved above 122.50 against the Japanese Yen.
  • The USDJPY pair is currently trading inside a breakout pattern with resistance at 122.90 on the hourly chart.
  • In Japan, the Consumer Confidence Index Read More →

Macron Wins: Profit-Taking On EUR Longs; What’s The Trade? – SocGen

Societe Generale FX Strategy Research argues that as Emmanuel Macron victory in the French election was not a ‘surprise, there is a risk of profit taking in EUR long positions in the short-term.

In particular, SocGen notes the EUR Read More →