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Monthly archive May, 2017

EURAUD – Bullish Break Sighted For Euro To Aussie Dollar

Key Points

  • The Euro made an upside move from the 1.4930 swing low against the Aussie Dollar.
  • The EURAUD pair broke a major bearish trend line at 1.4985 on the hourly chart to open the bullish gates in the short Read More →

Dollar slips as traders digest FOMC minutes

The dollar slipped back towards its 6-1/2-month lows on Wednesday, as forex investors' shifted their attention from U.S. politics to monetary policy. Traders digested the release of the minutes of the U.S. Federal Reserve's meeting in early May.

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USDCAD – US Dollar Decline is Here to Stay Vs Canadian Dollar

Key Points

  • The US dollar was pressured and pushed below the 1.3500 support against the Canadian Dollar.
  • There is an expanding triangle pattern formed with support at 1.3400 on the hourly chart of USDCAD.
  • Recently, in Canada, the BoC Interest Read More →

EUR/USD: Roadblocks For A Continued Surge; What’s The Trade? – Danske

Danske Bank FX Strategy Research notes that sentiment towards EUR/USD has changed as the recent surge has been driven by political risks reversing and by euro-area growth and equity outperformance.

Speculators have changed their minds…

"Since late 2016 Read More →

Dollar remains under pressure as political uncertainty weighs

The dollar fell to more than a six-month trough versus its major rivals on Monday, extending its woes from last week, as an uncertain U.S. political climate continues to weigh on the greenback.

The dollar index, fell more than Read More →