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The “Buck” so far unable to buck the trend lower

The US Dollar continues within its swift descent today as well, as the first few days for Trump and the executive orders he has given, despite being business oriented have in some way also helped to fuel worries of US Read More →

GBPJPY – Can British Pound Break 141.50 To Resume Trend Vs Yen?

Key Points

  • The British Pound recently corrected lower from the 142.08 high against the Japanese yen.
  • There is a bearish trend line formed on the hourly chart of GBPJPY, acting as a resistance near 141.50, and preventing upsides.
  • Today in Read More →

USD/CAD: Caught In A ‘Tug-Of-War’: Where To Target? – Nomura

USD/CAD has been relatively volatile in recent weeks, oscillating between 1.30 and 1.36.

Many factors have been affecting CAD lately, both on the upside and the downside: the election of Donald Trump and the impact of his economic policies, Read More →

Dollar trims losses as Treasury yields bounce back

The dollar held on to its gains early on Wednesday, as a rebound in Treasury yields helped the greenback bounce back from recent lows hit against the yen and euro amid concerns about U.S. President Donald Trump's protectionist stance.

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USDCHF – Can US Dollar Stay Above 1.00 Vs Swiss Franc?

Key Points

  • The US Dollar after trading towards 0.9960 against the Swiss Franc found support and moved higher.
  • There is a contracting triangle pattern formed on the hourly chart of USDCHF with support at 1.00.
  • Today, the Switzerland UBS Consumption Read More →