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Monthly archive October, 2017

Euro lifting its head ahead of ECB; USD awaits conlusion of Fed leadership race

The US Dollar is heading lower this morning; after peaking to highs of 94.02 throughout yesterday’s session the US Dollar index (DXY) is looking south and trading at 93.71 at the time of writing. In the background the major factors Read More →

EURJPY – Euro Holding Key Support Vs Japanese Yen

Key Points

  • The Euro started a correction from the 134.20 high against the Japanese Yen.
  • There is a major bullish trend line forming with support at 133.30 on the hourly chart of EURJPY.
  • Recently in Japan, the Nikkei Manufacturing PMI Read More →

USD/JPY: How To Trade Fed Chair Nomination – Credit Agricole

Credit Agricole CIB FX Strategy Research notes that Fed Chair nomination should be announced within the next two weeks ahead of President Trump’s trip to Asia.

"We agree with market consensus that Jerome Powell’s chances look the best at Read More →

Dollar soars above 114 versus yen as Abe records convincing election win

The dollar soared a three-month high versus the yen on Monday, after an emphatic election victory for Japan's ruling party which ensured that yen-weakening stimulus measures remain at the heart of government policy.

Prime Minister Shinzo Abe's ruling party Read More →