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EUR: 2 Reasons Why Downside Should Be ‘Very Limited’ From Here – BTMU

BTMU FX Strategy Research argues that EUR downside should be very limited on the back of the following 2 factors:

First, ahead of the French elections, BTMU notes that the opinion polls in France indicate Marine Le Pen is Read More →

USDJPY – US Dollar May Continue To Face Sellers Vs Japanese Yen

Key Points

  • The US Dollar moved down towards 110.20 against the Japanese yen after a failure to break 111.20.
  • There is a crucial bearish trend line with resistance at 110.95 formed on the hourly chart of USDJPY.
  • Today in Japan, Read More →

EUR/CAD: Breaks Some Good Medium-Term Levels; Where To Target – Citi

CitiFX Technical Strategy Research notes that EUR/CAD has broken below the neckline of a head and shoulders top pattern.

In addition, Citi notes that the pair closed on a weekly basis back below the 55 and 200 week Read More →

Dollar nudges higher ahead of Trump, Xi Jinping summit

The dollar crept higher on Thursday as forex investors were cautious ahead of a two-day meeting between U.S. President Donald Trump and his Chinese counterpart Xi Jinping. The meeting could infact have geopolitical ramifications.

Trump is under pressure to Read More →

AUDNZD – Aussie Dollar Downtrend To Continue Vs Kiwi Dollar

Key Points

  • The Aussie dollar remained in a solid downtrend, and traded below 1.0820 against the Kiwi Dollar.
  • There is a support trend line at 1.0790 on the hourly chart, which is currently preventing further losses in AUDNZD.
  • Today in Read More →