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Euro soars higher ahead of US inflation data

NAFTA negotiations are expected to weigh heavily on the Canadian dollar given Canada exports 75 percent of its goods to the US. President Trump is threatening to cut it in half and if this turns out to be more than Read More →

EURJPY – Euro Remains in Uptrend Vs Japanese Yen

Key Points

  • The Euro made a nice upside move recently and traded above 133.20 against the Japanese Yen.
  • There is a major bullish trend line forming with current support at 133.30 on the hourly chart of EURJPY.
  • Recently in Japan, Read More →

USD: Stalled; Most Of Good News On US Tax Cuts Look Already Incorporated – Barclays

Barclays Capital FX Strategy Research discusses the USD near-term outlook, noticing that its momentum has stalled after the Senate Finance Committee presented its own version of the tax cut bill.

"It has marked differences from the House version, including Read More →

Gold Price Under Pressure Below $1274 Vs US Dollar

Key Points

  • There was a sharp decline in Gold price from the $1280 swing high against the US Dollar.
  • There was a break below a contracting triangle with support at $1273 on the hourly chart.
  • Recently in China, the Retail Read More →