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Monthly archive October, 2017

GBP: Market Overly Optimistic On BoE; Current Situation Unsustainable For GBP – BofAML

Bank of America Merrill Lynch FX Strategy Research believes that the market is now overly optimistic on the degree to which the Bank of England 'BoE' will hike rates in the coming months.

"From a position where the Bank Read More →

GBP: There Are Three Bs That Matter For GBP At Present – Credit Agricole

Credit Agricole CIB FX Strategy Research argues that there are three Bs that matter for GBP at present – Brexit, Boris and the BoE.

"Brexit risks have reared their ugly head once again after Moody’s has recently lowered its Read More →

USD sways, hesitates on Fed Chief Speculation

The US Dollar index, an index showing the strength of the USD against a basket of major currencies, is heading lower so far this morning and is currently trading at 93.41. Yesterday the index hit the highest since mid-August following Read More →

USDCAD – US Dollar Turned Bearish Vs Canadian Dollar

Key Points

  • The US Dollar after trading as high as 1.2530 found resistance against the Canadian Dollar and moved down.
  • There was a break below a major bullish trend line with support at 1.2475 on the hourly chart of USDCAD.
  • Read More →