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Monthly archive May, 2017

AUDUSD – Can Aussie Dollar Hold This Vs US Dollar?

Key Points

  • The Aussie Dollar after trading towards 0.7500-10 against the US Dollar found resistance and moved down.
  • At the moment, the AUDUSD pair is trading near a bullish trend line with support at 0.7450 on the hourly chart.
  • Today Read More →

EURCHF – Euro May Soon Break 1.0900 Vs Swiss Franc

Key Points

  • The Euro was not able to move above 1.0950 against the Swiss Franc, and moved down.
  • There is a contracting triangle pattern formed with support at 1.0900 on the hourly chart of EURCHF.
  • Today in Switzerland, the Industrial Read More →

USD: Budget Proposal ‘Lacks Credibility’; Impact On USD – BTMU

BTMU FX Strategy Research comments on the release yesterday in Washington of President Trump’s more detailed budget plan for the fiscal year beginning in October.

"The details on that only serve to further diminish the prospect of an improvement Read More →

Aussie slips as Moody’s downgrades China, USD support helped by yields

On Tuesday the USD managed to recover some pf the earlier losses, losses that had pushed the USD to 6-months lows. On the US Dollar index (DXY) the USD is still preserving yesterday’s gains and has so far showed signs Read More →