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USD: Fed Yellen’s Testimony On Wed: 3 Topics To Look For – BofAML
Fed Chair Yellen will be testifying in front of the House Financial Services Committee on Wednesday and Senate Banking Committee on Thursday. Her prepared remarks will be released at 8:30 am on Wednesday morning.
In that regard, Bank of Read More →
AUDUSD – Can Aussie Dollar Overcome Selling Pressure Vs US Dollar?
Key Points
- The Aussie Dollar recently traded lower and tested the 0.7560 support zone against the US Dollar.
- There are two major bearish trend lines with resistance at 0.7640 forming on the hourly chart of AUDUSD.
- Today in Australia, the Read More →
EURUSD – Euro Ranging Above 1.1380 Vs US Dollar
Key Points
- The Euro after trading as high as 1.1446 against the US Dollar started a consolidation phase.
- There is a crucial bearish trend line with resistance at 1.1414 forming on the hourly chart of EURUSD.
- Today in the Euro Read More →
CAD: Out Of Consensus Call: We See BoC On Hold This Week; USD/CAD To Squeeze Higher – TD
TD Research continues to maintain its call that the BoC will leave rates on hold at this week’s meeting.
"We still think it is likely to be a much closer call than current market pricing suggests and look for Read More →