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Monthly archive November, 2017

USD/JPY: Neutral Near-Term Against Top Of Range Around 115 – BTMU

BTMU FX Strategy Research discusses USD/JPY outlook and maintains its neutral bias on the pair expecting it to trade in 112-115 range in the near-term.

"Many Japanese exporters are willing to cover their real JPY demand at the current Read More →

Powell nomination comes as no surprise; markets eye NFP

President Trump nominated Jerome Powell to succeed Janet Yellen as the new Fed Governor to chair the US Federal Reserve, which came as no surprise to market participants.

The US dollar held steady as forex traders shifted their attention Read More →

AUDNZD – Aussie Dollar To Extend Declines Vs Kiwi Dollar

Key Points

  • The Aussie Dollar after a correction found sellers near 1.1170 against the New Zealand Dollar.
  • There is a major bearish trend line forming with resistance at 1.1150 on the hourly chart of AUDNZD.
  • Today in Australia, the AiG Read More →

EUR/CHF: BoP Analysis Points To Upside Risks To 1.20 Level In 2018 – BofAML

Bank of America Merrill Lynch FX strategy Research updates its G10 balance of payments (BoP) analysis following the release of Q2 2017 data, outlining what they think will have FX implications in the quarters ahead.

In particular, BofAML notes Read More →

EURJPY – Euro Recovering Well Against the Japanese Yen

Key Points

  • The Euro after a major decline found support at 131.40 against the Japanese Yen.
  • There is an ascending channel forming with current support at 132.40 on the hourly chart of EURJPY.
  • Today in Japan, the Monetary Base report Read More →