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Monthly archive July, 2017

EUR/JPY: Positioning Is A Challenge For Another Leg Higher – SocGen

Societe Generale FX Strategy Research notes that positioning is currently a challenge for further EUR/JPY gains.

"CFTFC data for last week showed the market increasing its long speculative position in EUR, and simultaneously increasing the short in JPY.

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Dollar buoyed by solid data

The dollar pulled back up from its lowest level in over a year on Monday, aided by better-than-expected data on the U.S. economy, as forex investors kept a wary eye on developments concerning possible ties between Russia and aides to Read More →

JPY: Focus On Japan’s Inflation Data & FOMC This Week: What’s The Trade? – Credit Agricole

Credit Agricole CIB FX Strategy Research notes that themain focus for JPY traders this week with will be on Japan's inflation print and the FOMC July meeting.

"At 0.4% (prev. 0.4%) CPI inflation is expected to have remained unchanged Read More →

USDCAD – US Dollar Remains In Downtrend Vs Canadian Dollar

Key Points

  • The US Dollar failed to recover and moved below 1.2600 against the Canadian Dollar.
  • There is a monster descending channel pattern with resistance at 1.2575 forming on the hourly chart of USDCAD.
  • This past Friday in Canada, the Read More →

AUDJPY – Aussie Dollar Remains Sell on Rallies Vs Japanese Yen

Key Points

  • The Aussie Dollar declined from the 89.20 level against the Japanese Yen towards 87.70.
  • There was a break below a major trend line and support at 88.80 on the hourly chart of AUDJPY.
  • Today in Japan, the Coincident Read More →