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USD/JPY: Still At The Mercy Of US Yields & Gold; Where To Target? – NAB

NAB FX Strategy Research notes that USD/JPY is still at the mercy of US yields and gold.

"Our USD/JPY fair value model has done a good job at tracking the currency and currently is telling us the pair is Read More →

Gold Price under Heavy Selling Pressure Vs US Dollar

Key Points

  • Gold price started a decline from the $1280-90 high against the US Dollar and moved down.
  • At the moment, the price is finding support near a connecting trend line at $1251 on the hourly chart.
  • Today in China, Read More →

USDCHF – US Dollar Looking To Break 0.9740 Vs Swiss Franc

Key Points

  • The US Dollar recovered well from the 0.9640 low against the Swiss Franc and moved above 0.9700.
  • The USDCHF pair broke a short-term bearish trend line at 0.9705 on the hourly chart.
  • Today, the Swiss Producer and Import Read More →

JPY: BoJ On Hold; What’s The Trade? – BofAML

Bank of America Merrill Lynch FX Strategy Research expects the Bank of Japan to remain on hold at its 16 June monetary policy meeting (MPM), keeping both its targets for rates and risk asset purchases unchanged.

"We also think Read More →

EURGBP – Can Euro Retest 0.8850 Vs British Pound?

Key Points

  • The Euro remains above the 0.8780 support area against the British Pound and looking for more gains.
  • There is a contracting triangle pattern with resistance at 0.8815 forming on the hourly chart of EURGBP.
  • Today, the UK’s Retail Read More →