The US dollar has resumed its decline following a corrective recovery, as the support behind the currency proved insufficient to sustain the rebound. Selling pressure increased as long-term US Treasury yields fell amid reports that the US Treasury was prepared to expand its bond-buyback operations. Larger buybacks support the government bond market and can contribute […]
The post Dollar Recovery Loses Momentum: USD/CAD and USD/CHF Resume Their Declines appeared first on ActionForex.
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Intraday bias in EUR/USD remains neutral and more consolidations could be seen below 1.1710. While deeper retreat cannot be ruled out, downside should be contained by 1.1565 support to bring another rally. On the upside, Read more…
No change in USD/JPY’s outlook and intraday bias remains neutral. In case of further rally, strong resistance could emerge from 159.59 to 160.62 zone (50% and 61.8% retracement of 163.97 to 155.22) to limit upside. Read more…