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Euro eases, USD manages to hit back at its recent losses as we approach month end

ECB made no changes to its monetary policy in its announcement on the conclusion of its April meeting yesterday. President Mario Draghi continued to acknowledge the risks that could possibly tamper the EZ's economic growth, but he also admitted that Read More →

EURCAD – Euro Setting Up For Another Break Vs Canadian Dollar

Key Points

  • The Euro moved towards 1.4900 against the Canadian Dollar before correcting lower.
  • There is a critical contracting triangle pattern with support at 1.4780 formed on the hourly chart of EURCAD.
  • Today in the Euro Zone, the French Gross Read More →

NZDUSD – New Zealand Dollar Remains Bearish Vs US Dollar

Key Points

  • The New Zealand Dollar tumbled recently and traded towards 0.6920 against the US Dollar.
  • The NZDUSD pair broke a major connecting support trend line at 0.6980 on the hourly chart to ignite a downside wave.
  • Today in New Read More →

USD/JPY: Out Of The Woods? Where To Target? – NAB

NAB FX Strategy Research notes that USD/JPY is currently trading around 3 big figures higher relative to the 108.21 lows reached on 17 April.

In particular, NAB notes that the recent rebound in the pair was originally fuelled by Read More →

Trump’s tax reform plan lifts dollar

The U.S. dollar climbed broadly against its rivals on Wednesday, with the currency hitting nearly four-week highs against the yen, on anticipation that a promised White House announcement on tax reform could boost the greenback.

Top White House delegates Read More →