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Monthly archive October, 2017

USD: Tactically Bullish Signs For DXY In Q4 If 50m SMA Holds – Levels & Targets – BofAML

Bank of America Merrill Lynch FX Strategy Research sees encouraging signs for the DXY provided it remains above the 50m SMA going forward.

"Price action during August and September 2017 resulted in the DXY declining to test and close Read More →

USD pressured on N.Korea’s intent to test long-range missile; Asia shrugs off softer Services PMI

Sentiment remained largely positive in Asia this morning, a look at the major equity indices shows that most of them headed north shrugging off some softer Caixin China PMI services for the month of September. Chinese PMI services slippe dto Read More →

EURGBP – Euro Remains Buy on Dips Vs British Pound

Key Points

  • The Euro started a new upside move from the 0.8750 swing low against the British Pound.
  • There is a major bullish trend line forming with support at 0.8935 on the hourly chart of EURGBP.
  • Recently in the Euro Read More →

EUR/USD: ‘Things Dont Matter Until They Do’; Rallies A Sell N-Term – Nordea

Nordea FX Strategy Research notes that EUR/USD recent price action reflects how things don't matter until they suddenly start to matter, as evidenced by the market recently having to digest the political events surrounding Catalonia.

"Further escalations cannot be Read More →