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JPY: There Is A Pattern When FOMC & BoJ Have Meetings In The Same Week – Credit Agricole

Credit Agricole CIB FX Strategy Research notes that over the past year, every week that the BoJ and FOMC have had meetings in the same week, the JPY has strengthened.

However, CACIB argues that as the market is Read More →

AUDUSD – Aussie Dollar Remains Range Bound Vs US Dollar

Key Points

  • The Aussie Dollar is trading in a range above the 0.7525 support against the US Dollar.
  • There is a solid bullish trend line with support at 0.7530 forming on the hourly chart of AUDUSD.
  • Today, the Australian Westpac Read More →

EURJPY – Euro Likely To Trade Below 112.80 Vs Japanese Yen

Key Points

  • There Euro moved down recently and cleared the 123.20 support against the Japanese Yen.
  • There was a break below a contracting triangle support at 123.25 on the hourly chart of EURJPY.
  • Today, the Japanese Business Survey Index (BSI) Read More →

EUR/USD: Still A Long Way From Fair Value At 1.29; Where To Target? – CIBC

CIBC FX Strategy Research notes that its EUR/USD fair value model is estimated around 1.29 and expects to see the exchange rate reaching 1.17 by the year-end.

"Over that time, look for ECB hawks to keep pounding the Read More →

GBPUSD – British Pound Remains Below Key Resistance Vs US Dollar

Key Points

  • The British Pound faced a lot of selling pressure and moved below 1.2800 against the US Dollar.
  • There are two bearish trend lines with resistance at 1.2720 and 1.2750 on the hourly chart of GBPUSD.
  • Today, the UK Read More →