By ForexYard - With the recent volatility in the forex market, one currency pair seems to stand out: the EUR/USD. This pair...
EUR and USD in Struggle for Dominance
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EUR/GBP support still in place
Important technical support at .8490 held firm overnight despite a marginal break below. Stubborn longs should now consider reducing or scrapping their positions on a clean break below .8475 as there is daylight until .8200/50 and market chatter is that there are some big stops on the .84 handle....
Chevron Phillips Chemical to Build Plant
Chevron Phillips Chemical Co. (NYSE:CVX) announced Monday its plan to build a plant capable of generating up to 250,000 metric tons of a...
Soaring yields giving USD/JPY fresh boost into the weekend
With the short-end of the US yield curve anticipating rates hikes as early as September, short-term rates have backed up in breathtaking fashion today. 2-year notes are 36 bp higher in yield, an astounding move in a maturity that short. A move that large has awakened USD/JPY, sending the pair...
USD/JPY Rises after Disappointing Core Machinery Orders Data
By Fast Brokers - The USD/JPY is rising back towards our 3rd tier downtrend line after the weaker than expected showing from...
Saudi Day of Rage Rumor Supports Oil; FX and Stocks Little Changed
By Michael Trinkle, ForexTraders Today stock markets are lower, while gold and oil remain stuck to their recent levels seemingly in a consolidation phase as the forex market similarly maintains a quiet USD-positive posture. Oil price, its recent performance, and the implications of the Mid-East...