Forex
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Monthly archive July, 2017
IMF warns ahead of G20 summit; FOMC minutes fail to impress USD
Major equity indices were mostly heading lower during the asian session, changes were however marginal so far. The highlight in Wednesday’s economic docket was for the Fed’s release of the latest FOMC meeting minutes.
Minutes mainly focused on the Read More →
EURUSD – Euro To Extend Declines Vs US Dollar
Key Points
- The Euro made a downside move recently and traded towards 1.1340 against the US Dollar.
- There is a major bearish trend line with resistance at 1.1365 forming on the hourly chart of EURUSD.
- Today in the Euro Zone, Read More →
North Korea tests nerves of its heavy weight allies
With U.S. markets closed across the Atlantic for Independence Day celebrations, the dollar edged higher, rising to a seven-week high. The yield on the two-year Treasury note climbed to levels not reached since 2008 on Monday ahead of the national Read More →
EUR/USD: S/T Valuation Model Still Points To Further Correction – BTMU
BTMU FX Strategy Research argues that the latest EUR/USD rally is partly a reaction to an extreme dollar over-valuation fuelled more by extreme monetary accommodation beyond the US than by monetary tightening in the US.
"Hence, the prospect of Read More →