Forex Monthly – January 2018

Forex market outlook 2018 2017 mostly followed a bearish US Dollar theme as majors such as EUR/USD and GBP/USD recovered from all-time lows. Similarly, the Japanese Yen faced a lot of selling pressure this past year as it declined versus most other major currency. Both fundamentally and technically, 2017 was one of the most eventful years. Here are a few key takeaway...
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Forex monthly – December 2017

Recap and outlook November fetched weakness for the greenback since pairs such as EUR/USD and GBP/USD traded higher from key support levels. On the other hand, the USD/JPY pair failed to move above a crucial resistance at 114.75-115.00 and declined below 113.00. The US Dollar mostly struggled on the back of dovish FOMC meeting minutes which created doubts about a rate hike ...
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Forex monthly – November 2017

Recap and outlook The US Dollar performed well in October 2017 as it outpaced other major currencies such as the Euro, British Pound, and the Japanese Yen. Going forward, the EUR/USD pair might continue to decline, GBP/USD is likely to test an important support at 1.3000 and USD/JPY could attempt a major upside break above 115.00. ECB’s dovish stance weighed a lot on ...
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