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Monthly archive October, 2017

USD: A Brief Rally Into Year-End On A Boost In FOMC Credibility – CIBC

CIBC FX Strategy Research argues that Fed officials are concerned that markets aren’t taking them seriously as investors are increasingly questioning whether FOMC officials will deliver the hikes they promise.

"At the start of 2016 and 2017, markets placed Read More →

AUDUSD – Aussie Dollar Remains In Downtrend Vs US Dollar

Key Points

  • The Aussie dollar declined from the 0.7950 high against the US Dollar and declined below 0.7850.
  • There is a key bearish trend line forming with resistance at 0.7840 on the hourly chart of AUDUSD.
  • Recently in Australia, the Read More →

Euro opens nervously as Catalonia votes out despite police crackdown

The dollar opened the month on a strong footing on Monday, recording gains against the euro and other major counterparts as forex investors paid close attention to an independence vote in Spain's Catalonia.

The dollar index, which gauges the Read More →

Week Ahead: USD Revival Into NFP, EUR Supported On Data, AUD Embattled Into RBA

Credit Agricole CIB FX Strategy Research expects next week's US data (non-farm payrolls and ISM) to help the USD regain more ground against the 'laggards of the global divergence trade', JPY and CHF.

On the EUR front, CACIB Read More →