Key Points

• The US Dollar surged higher today and traded above 115.00 against the Japanese yen.
• There are two bullish trend lines with support at 115.15 and 114.80 formed on the hourly chart of USDJPY.
• Today, the Japanese Business Survey Read More →

The dollar fell against its major rivals on Thursday, as the euro jumped during Mario Draghi's press conference as the European Central Bank head suggested it was less necessary to prop up the market through ultra-loose monetary policy.

Key Points

• The British Pound recovered well from the 1.2298 low against the Swiss Franc.
• The GBPCHF pair faces a monster resistance near 1.2350, and two bearish trend lines formed on the hourly chart.
• Today in Switzerland, the Unemployment Rate Read More →

Dollar remains steady reclaims 102 levels on the US dollar index (DXY). Currently trading at 102.21 the US dollar index, a measure of the value of the USD against a basket of foreign currencies, enters its fourth consecutive day of Read More →