Forex News

July 10, 2020
Dollar Index Price Analysis: The DXY continues to resist moves lower
The dollar index trades 0.12% lower on Friday. The risk sentiment improved during the US session but the dollar remains mixed. Dollar index 4-hour chart The dollar index is in a clear downtrend looking at the chart below. On Friday, the price has been very stubborn and now it does look like a base formation…
July 10, 2020
USD/CAD Price Analysis: More sideways action but the price is close to some important zones
USD/CAD is just above flat on the session on Friday. The price has broken back above a key intraday trendline. USD/CAD 4-hour chart USD/CAD is trading just above flat on Friday and it is fair to say the price did not respect the recent trendline break to the downside. On Thursday lunchtime (London hours) the price…
July 10, 2020
USD/SEK with scope to weaken further, more losses seen under 9.1292 – MUFG
Analysts at MUFG Bank, present a trade idea to short USD/SEK around 9.200, with a target at 8.900 and a stop loss at 9.3500. The idea reflects a bearish outlook for the US dollar.  Key Quotes “We still see scope for the USD to weaken further as the COVID crisis continues to ease. The value…