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AUD Into RBA, CAD Into BoC, EUR Into ECB – Credit Agricole

Credit Agricole CIB FX Strategy Research notes that into of one of the most important weeks for the FX markets this year, investors are seemingly playing it safe, having cut some of their longs in the EUR.

In that Read More →

NZDUSD – New Zealand Preparing To Recover Vs US Dollar?

Key Points

  • The New Zealand Dollar after trading as low as 0.7132 against the US Dollar started a recovery.
  • The NZDUSD pair is currently attempting an upside break above a bearish trend line with resistance near 0.7170 on the hourly Read More →

USD/JPY: Failed To Break Above 111 In August; Where To From Here? – TD

TD FX Strategy Research notes that USD/JPY has failed to break above 111 on a few attempts over the past month.

"We believe this reflects a mix of factors related to hedging dynamics, repatriation of flows, risk appetite, valuation Read More →

Risk off dominates sentiment as North Korea conduct strongest nuclear test yet

The yen climbed higher against the US dollar on Monday, as forex investors cut their exposure to riskier assets following North Korea’s most powerful nuclear test conducted so far.

USD/JPY gapped lower and fell to as low as 109.22 Read More →

Gold Price To Break Past $1328 Vs US Dollar?

Key Points

  • There was a decent rise in Gold price above $1315 against the US Dollar.
  • There is a major contracting and ascending triangle pattern with resistance near $1328 forming on the hourly chart.
  • Recently in the US, the nonfarm Read More →