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Monthly archive August, 2017

Robust NFP numbers give dollar some shine back

The U.S. dollar rallied to its largest one-day gain against a its major rivals so far this year after a strong U.S. July non-farm payrolls report and remarks from National Economic Council director Gary Cohn about lowering the U.S. corporate Read More →

CADJPY – Canadian Dollar in Declining Channel Vs Japanese Yen

Key Points

  • The Canadian Dollar started a downside move after trading towards 89.40 against the Japanese Yen.
  • There is a descending channel pattern with resistance near 87.60-70 forming on the hourly chart of CADJPY.
  • Today in Japan, the Leading Economic Read More →

AUD/USD: Bullish Setup Intact Against A Weekly Close Below 0.7710/30 – NAB

NAB FX Strategy Research notes AUD/USD positive technical outlook in recent months remains intact and has shifted to a new level upon the July breakout close above key resistance levels.

"Both price and momentum triggers are decisively positive at Read More →

GBP: Bulls Selling On Crosses; CHF: More Selling Ahead – BofAML

Bank of America Merrill Lynch FX Strategy Research notes that although GBP is lower following the BoE meeting and the US jobs report this week, it has been supported since the UK elections from market expectations of a transition period Read More →