The US Dollar index, an index gauguing the strength of the Dollar against a basket of other currencies, has remained within the 101 region. Unable so far to resume higher levels as we move closer to the presedential inauguration ceremony Read More →

Key Points

• The Aussie Dollar remained elevated against the Kiwi Dollar, but struggling to clear the 1.0550-1.0570 resistance.
• There is a descending channel formed on the hourly chart of AUDNZD, which is taking the pair slowly down towards 1.0520.
• Today Read More →

The pound opened lower against the USD and the euro this morning at week’s start. GBPUSD opened at 3 month lows as it opened at 1.20 and the EURGBP was at 2-month highs as it opened at 0.8836. The situation Read More →

Key Points

• The British Pound tumbled recently against the US Dollar, and opened the week below 1.2080.
• There is a bearish trend line formed on the hourly chart of GBPUSD, which may act as a resistance on the upside near Read More →