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Monthly archive June, 2017

EURJPY – Euro Set For More Gains Vs Japanese Yen

Key Points

  • The Euro moved higher against the Japanese Yen and traded above the 124.00 resistance.
  • There is a crucial bullish trend line with support at 124.45 forming on the hourly chart of EURJPY.
  • Today in the Euro Zone, the Read More →

GBPUSD – British Pound Remains Sell on Rallies Vs US Dollar

Key Points

  • The British Pound failed two times to break the 1.2820 resistance against the US Dollar and moved down.
  • There was a break below a crucial bullish trend line with support at 1.2745 on the hourly chart of GBPUSD.
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USD: What’s Behind The Bounce; What’s The Trade? – Credit Agricole

Credit Agricole CIB FX Strategy Research argues that as the markets have been predominantly focused on the current inflation data and appear to be pricing in an overly cautious Fed, there is a room for the US yields and the Read More →

CAD: Bringing Forward Our BoC Hike Call To Q4; Where To Target? – CIBC

CIBC FX Strategy Research notes that CAD was lent support last week from a sudden change in tune by the Bank of Canada, as Senior Deputy Governor Wilkins and then Governor Poloz hinted that interest rates would be rising soon.

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