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EUR/USD Daily OutlookDaily Pivots: (S1) 1.1712; (P) 1.1755; (R1) 1.1785; EUR/USD’s decline and break of 1.1723 minor support is the first signal that corrective rise from 1.1300 has completed....
USD/CHF Daily OutlookDaily Pivots: (S1) 0.9620; (P) 0.9661; (R1) 0.9699; USD/CHF dipped notably after hitting 0.9700 but quickly recovered. Intraday bias is turned neutral first. On the upside, above...
Market Drivers September 27, 2018 Italy budget impasse drive euro lower Loonie feels Trump’s wrath Nikkei +0.99% d DAX -0.09% Oil $72/bbl Gold $1194/oz. Bitcoin $6400 Europe and Asia NZD: RBNZ...
EUR/USD has posted slight losses in the Thursday session, following the trend seen on Wednesday. Currently, the pair is trading at 1.1710, down 0.26% on the day. It’s a busy day on the release...
While the Dollar traded with a lot volatility at the time of the announcement of the rate hike of 25 basis points by the US Federal Reserve Bank, the movement did not yield to an immediate change in...
AUD/CAD recently broke the 4-hour Triangle which was recently identified by Autochartist. Autochartist rates the quality of this Triangle at the 5-bar level – which is the result of the slow...
The AUD/JPY is often used as a proxy for market sentiment and risk. In other words when the pair rises markets are seen as benign with traders and investors prepared to take on more risk, but the...
EUR/USD broke out of a 4-day consolidation pattern earlier today. Whilst the direction was against bullish wishes, markets are now fully focused on the neckline of a 10-week reversal pattern.An...
Rate decision, statement, economic projections, press conference...That is all history now. The gist of the story is that the USD got weaker and then, eventually stronger. The rise in the value of the...
Despite U.S. President Donald Trump’s dissatisfaction with the Fed’s monetary policy tightening measures, the Fed as expected raised interest rates by 25 basis points to a range of 2-2.25%...
Daily Forex Market Preview, 27/09/2018The markets were seen trading flat through the day in anticipation of the Federal Reserve announcement. As widely expected, the Fed funds rate was hiked by 25...
The dollar gains were limited. EUR/USD baulked the potential for a stronger decline in favour of an expanded flat. GBP/USD managed to complete a triple three and USD/JPY managed a new high but that...
USD/CAD retains bull pressure as it looks for further corrective recovery gain in the days ahead. Support lies at the 1.3000 level where a break will aim at the 1.2950 level. Further down, support...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.5 TakeawaysThe Federal Reserve raised interest rates for the third time this year by 25bp. The U.S. dollar appreciated against...
USD/JPY remains biased to the upside as it looks to recover further higher with eyes its key resistance located at 113.16 level. Above here, resistance resides at the 113.50 level. Further out, we...