Monthly archive August, 2017

The U.S. dollar extended its woes touching its lowest level against the euro in more than 2-1/2 years on Wednesday. Doubts whether the Federal Reserve will raise interest rates this year and expectations for European Central Bank hawkishness lifted the Read More →

Key Points

• The Euro climbed higher and moved above a major resistance area of 130.60 against the Japanese Yen.
• There is a steep bullish trend line with support at 131.00 forming on the hourly chart of EURJPY.
• Today in the Read More →

Key Points

• The British Pound surged higher during the past few days and moved above 1.3220 against the US Dollar.
• There are two bullish trend lines with supports as 1.3220 and 1.3180 forming on the hourly chart of GBPUSD.
• Today Read More →