Monthly archive August, 2017

The dollar traded higher on the day as forex investors paired some gains and consolidated positions. It hovered not far from its lowest in more than a year against its major rivals as political turmoil was expected to continue weighing Read More →

Key Points

• The Canadian Dollar moved down and broke the 88.80 support against the Japanese Yen.
• There was a break below a short-term bullish trend line at 88.50 on the hourly chart of CADJPY.
• Today in Japan, the Nikkei Manufacturing Read More →

The U.S. dollar fell to a more than 2-1/2-year trough against the euro, hit by month-end portfolio adjustments and concern over the U.S. political outlook after the departure of White House communications director Anthony Scaramucci.

The single currency jumped Read More →

Key Points

• The Euro made a nice upside move and traded towards 1.1840 against the US Dollar.
• There are two bullish trend lines with supports at 1.1770 and 1.1730 forming on the hourly chart of EURUSD.
• Today in the Euro Read More →