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Monthly archive June, 2017

Pound tumbles as polls predict hung parliament

The British pound tumbled after an exit poll from Thursday's UK election showed Theresa May's Conservative party may have lost its majority in the British Parliament, surrendering large gains to Jeremy Corbyn's Labour party.

Although Conservatives remain the largest Read More →

CADJPY – Canadian Dollar Poised For More Declines Vs Japanese Yen

Key Points

  • The Canadian Dollar is trading below a key support area at 81.50 against the Japanese Yen.
  • There is a descending channel pattern with support at 80.85 formed on the hourly chart of CADJPY.
  • Today in Japan, the Trade Read More →

EUR: ECB Drops Rate Cut Bias; What’s Next? – ANB AMRO

ABN AMRO FX Strategy Research comments on today's ECB meeting in which the ventral bank changed its forward guidance, dropping the easing bias in terms of interest rates, in what is the first step in the path towards the exit Read More →

Gold Price Turned Bearish Once Again Vs US Dollar?

Key Points

  • There was a nice upside move in Gold price recently above the $1290-92 levels against the US Dollar before turning bearish.
  • The price recently broke a major bullish trend line with support at $1287 on the hourly chart.
  • Read More →

UK goes to the polls today; Euro holding well ahead of ECB rate decision

The british pound has held steady overnight as today is the day we start UK parliamentary elections. Polls have so far suggested that Theresa May’s party could be able to constitute a parliamentary majority after the results of today’s elections. Read More →