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Yellen says balance sheet cutbacks and rate rises will be gradual

Market players were all eyes yesterday on the Fed’s Chair Yellen’s testimony in front of congress. After using an expanded balance sheet as a tool to help support the economy for the past years, pushing it to a $4.5 Read More →

Fed Yellen’s Testimony: Fed In Wait-And-See Mode; Next Hike Likely In September – SEB

SEB Research comments on Fed Yellen's testimony before the Congress.

"Today’s testimony reinforces our view that the Fed is currently in a wait-and-see mode. It is a close call but we stick to our September hike forecast for Read More →

Trump Jr emails slams US dollar

The dollar slipped against its major rivals on Tuesday, following the release of an email chain by U.S. President Donald Trump's eldest son citing Russian support for his father before last year's U.S. election.

According to the email chain, Read More →

AUDNZD – Aussie Dollar Eyeing Further Gains Vs Kiwi Dollar

Key Points

  • The Aussie Dollar made a nice upside move and traded above the 1.0540 resistance against the New Zealand Dollar.
  • The AUDNZD pair is following a bullish pattern with support at 1.0555 on the hourly chart.
  • Today in Australia, Read More →

EURJPY – Euro About To Break Key Support Vs Japanese Yen

Key Points

  • The Euro struggled recently to break the 130.80-90 resistance area against the Japanese Yen, and moved down.
  • The EURJPY pair is currently attempting a close below a major bullish trend line support at 130.40 on the hourly chart.
  • Read More →