Key Points

• The Canadian Dollar traded towards 83.75 against the Japanese Yen where it faced resistance and moved down.
• The CADJPY pair recently broke a major support trend line at 83.20 on the hourly chart, which has ignited a sharp Read More →

Key Points

• The Euro managed to pop higher after trading towards 0.8380 against the British Pound.
• The EURGBP pair recently broke a few crucial bearish trend lines with resistance at 0.8400 on the hourly chart.
• In the Euro Zone today, Read More →

Yesterday the BoE kept rates unchanged at 0.25%. Overall the communcation proved to be rather dovish as Governor Carney warned of a squeeze in consumer spending as inflationary pressures surpass wage growth.

A weaker GBP left its mark on Read More →