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USD reflects Comey’s sudden dismissal as FBI director

US Dollar is seen easing off the gains seen throughout the 2-day recovery, from Monday to Tuesday. On the US Dollar index (DXY), a measure of the the value of the USD relative to a basket of foreign currencies, we Read More →

GBPUSD – Can British Pound Test 1.30 Vs US Dollar?

Key Points

  • The British Pound started a recovery from the 1.2900 swing low against the US Dollar.
  • The GBPUSD pair recently broke a bearish trend line with resistance at 1.2940 on the hourly chart.
  • In China, the Consumer Price Index Read More →

GBP: Valuation, & Positioning To Offset GBP Risk Premium Into May-8 Elections – Danske

Danske Bank FX Strategy Research argues that the case for GBP weakness driven by May 8th election risk premium is not strong based on 2 factors:

First, Danske notes that this general election is very much about Brexit and Read More →

GBPCHF – British Pound To Break Higher Vs Swiss Franc

Key Points

  • The British Pound remained in an uptrend and moved above 1.2900 against the Swiss Franc.
  • The GBPCHF pair is currently attempting a break above a short-term resistance at 1.2940 on the hourly chart.
  • In Switzerland, the Unemployment Rate Read More →

EURUSD – Euro Breaks Crucial Support at 1.0940 Vs US Dollar

Key Points

  • The Euro after trading towards 1.1020 against the US Dollar found sellers and moved down.
  • The EURUSD pair moved down and recently broke a major support area at 1.0940 and a bullish trend line at 1.0930 on the Read More →