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Monthly archive September, 2017

EURGBP – Euro Looks Set To Decline Further Vs British Pound

Key Points

  • The Euro traded lower and moved below the 0.8980 support area against the British Pound.
  • There are two bearish trend lines forming with resistance near 0.8836 on the hourly chart of EURGBP.
  • Recently in the Euro Zone, the Read More →

AUD: Position Adjustment Could Extend Further S/T But Dips To Remain Supported – Nomura

Nomura FX Strategy Research notes that AUD has declined on the back of the FOMC-induced rise in the USD and comments from RBA Governor Lowe pointing to a lack of urgency to raise interest rates.

"We think this position Read More →

Resurfacing geo-political risks sees JPY higher against the Dollar; S&P downgrades China

Asia headed lower this morning as markets digested a renewed war of words between North Korea and the US. Earlier this week at the United Nations, President Trump delivered a stern warning to Kim Jong Un, threatening to destroy the Read More →

USD: Fade The Fed; Good Level To Sell USD/CAD – TD

TD FX Strategy Research notes that the USD price action post-FOMC likely reflects that the market was looking for the Fed to scrap from the dots a rate hike this year or next.

"The Fed delivered the opposite and Read More →