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Monthly archive November, 2017

USD: FOMC Minutes: Market Likely To See It Dovish But Dec Hike Likely Warranted – CIBC

CIBC FX Strategy Research comments on today's FOMC minutes from the November meeting.

"The Fed is likely to eke out one more rate hike before year-end. The minutes of the last meeting revealed that many policymakers saw a near-term Read More →

Dollar sags as Treasury yields, risk appetite weigh

European shares traded higher on Tuesday, bouncing further away from earlier lows hit this month despite political uncertainty in Germany. Wall Street shares rose to record highs while Nikkei closed 0.49 percent higher.

Dollar fell against its major rivals Read More →

USDCAD – US Dollar Holding Key Support Vs Canadian Dollar

Key Points

  • The US Dollar is in an uptrend above the 1.2750 support against the Canadian Dollar.
  • There is a crucial ascending channel forming with current support at 1.2770 on the hourly chart of USDCAD.
  • Recently in Canada, the Wholesale Read More →

USD/CHF: Higher USD/CHF Best Directional Trade For 2018; What’s The Trade? – BofAML

Bank of America Merrill Lynch FX Strategy Research makes the case for buying USD/CHF as the best directional trade for 2018.

"Our G10 FX directional trade of the year is higher USD/CHF. Balance of payments and continued policy divergence Read More →

AUDNZD – Aussie Dollar To Move Higher Vs New Zealand Dollar?

Key Points

  • The Aussie Dollar started a downside correction from the 1.1131 high against the New Zealand Dollar.
  • There is a major contracting triangle forming with support at 1.1070 on the hourly chart of AUDNZD.
  • Recently in Australia, the minutes Read More →