Menu

Monthly archive November, 2017

German political optimism lends support to the euro; DXY closes a third consecutive week in decline

EURUSD is trading at 2-month highs after reaching out for 1.1944 levels throughout last Friday’s session. Like political uncertainity caused a euro decline last week, simlarly political optimism in Germany helped the euro recover handsomely.

An anouncement of failed Read More →

Week Ahead: Testing The Key Driver Behind Recent FX Price Action – Credit Agricole

Credit Agricole CIB FX Strategy Research discusses how the race to bottom in global bond yield curves since the start of November has impacted the recent price action in the G10 FX market.

"We believe that the recent race Read More →

USDCHF – US Dollar to Recover above 0.9840 Vs Swiss Franc

Key Points

  • The US Dollar after a sharp decline found support near 0.9785 against the Swiss Franc.
  • There was a break above a major bearish trend line with resistance at 0.9800 on the hourly chart of USDCHF.
  • Recently in the Read More →

EUR/USD: Turning Tactically Bullish; Upside Targeting 1.2050 – BTMU

BTMU FX Strategy Research discusses EUR/USD outlook for the coming week, and makes the case for further upside towards 1.2050 and expects 1.1650 to cap any downside in the near-term.

"The euro has continued to rebound against the US Read More →