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EURCAD – Bullish Break For Euro To Canadian Dollar Above 1.3850

Key Points

  • The Euro bounced back after trading below the 1.3800 support against the Canadian Dollar.
  • The EURCAD pair moved higher and also broke a bearish trend line on the hourly chart at 1.3830.
  • Today in the Euro Zone, the Read More →

Dollar retreats despite strong inflation data

The dollar pulled back on Thursday despite peaking at one-month highs on Wednesday following strong U.S. inflation data, as demand for the greenback cooled off with Treasury yields falling from their peaks.

Upbeat U.S. inflation and retail sales data Read More →

USD: After Fed Yellen’s Testimony: Staying Bearish And Looking To Sell Rallies – Nomura

Today’s siren song in currency markets is of upcoming Fed hikes, with many investors being lured into bullish dollar positions.

Admittedly, the dollar has bounced on yesterday’s hawkish comments from Fed Chair Yellen and today’s strong data, but shortterm Read More →

AUDUSD – Aussie Dollar Looking For Further Gains Vs Dollar

Key Points

  • The Aussie dollar moved higher recently against the US Dollar and settled above 0.7650.
  • The AUDUSD pair has formed an ascending channel on the hourly chart with support near 0.7650 and 0.7600.
  • Earlier today, the Australian New Motor Read More →

Dollar applaudes Yellen’s unexpected hawkishness

The USD hit lows of 1.0561 against the Euro yesterday as the Fed Reserve Chair Janet Yellen appeared in front of the US Senate Banking Committee, and told them that the Fed is likley to quicken the pace of interest Read More →