Dollar/yen finally breaks the cycle high of 114.37, trading at a new high of 114.46. Is this move for real? It is still awaiting confirmation. In any case, In any case, the pair extends its rise along the steep uptrend support line. The next high is 115.35, which was the high level in March. Beyond [...]
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EUR/USD continues hovering around the highs, but isn’t going anywhere fast. What’s next? Here is their view, courtesy of eFXnews: NAB FX Strategy Research maintains its positive EUR view noticing that European rates and the EUR are currently in an impulsive upward phase, with investors in something of a higher yield, higher EUR price discovery chapter. [...]
The post EUR: En-Route To Break Two And Half Year Range; Where To Target? – NAB appeared first on Forex Crunch.
The Canadian dollar looks strong ahead of the all-important meeting of the Bank of Canada. What’s next? Here are two opinions: Here is their view, courtesy of eFXnews: USD/CAD: Scope For A Move Towards 1.25 If BoC Signals A Second Hike Before Year-End – BTMU BTMU FX Strategy Research argues that while a rate hike [...]
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A new week has dawned and it does not look that great for the pound. Prime Minister Theresa May is facing a small revolt within her Conservative Party and she wants to discuss Brexit with the opposition. It will be interesting to see if the Labour Party will cooperate and what suggestions they bring to [...]
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Dollar/yen continues its upwards move. After a short pause that followed the mixed Non-Farm Payrolls, the pair continues riding the tiger along the upwards support line and hits a major barrier. 114.37 is the cycle high. The level was reached in May and the pair could not advance from there. Two months later, USD/JPY hit [...]
The post USD/JPY forms double-top at a critical level – break or bounce? appeared first on Forex Crunch.
Gold prices inched up this last Wednesday amid fears of North Korea’s intercontinental ballistic missile (ICBM) testing. A development which spiked demand for the safe haven metal asset. ANZ Research confirmed in a note that “Safe-haven buying re-emerged in the gold market after the latest missile test in North Korea”. Spot gold rose 0.2 percent [...]
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