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AUDUSD – Aussie Dollar Under Pressure Below 0.7700 Vs USD

Key Points

  • The Aussie Dollar struggled recently against the US Dollar and moved below a major support at 0.7700.
  • There was a break below two bullish trend lines with support at 0.7710 and 0.7680 on the hourly chart of AUDUSD.
  • Read More →

Safe haven demand helps lift yen

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By Realtime Forex Team

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EURJPY – Euro About To Cut lose Against Japanese Yen

Key Points

  • The Euro moved down sharply against the Japanese yen and traded below 121.00.
  • There is a descending channel pattern with support at 120.30 formed on the hourly chart of EURJPY.
  • The Bank of Japan Monetary Policy Meeting Minutes Read More →

GBP: A Big Test For Sterling On Thursday – SocGen

Societe Generale FX Strategy notes that the big near-term test for GBP comes with tomorrow’s retail sales data.

In that regard, SocGen argues that GBP could come under pressure if higher inflation meets softer wage growth and triggers slower Read More →

EURUSD – Euro Heading Higher Towards 1.0840 Vs Dollar

Key Points

  • The Euro maintained its bullish bias against the US Dollar, and moved above 1.0750.
  • There was a break above a channel with resistance near 1.0775 on the hourly chart of EURUSD.
  • Today in the Euro Area, the Spanish Read More →