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FOMC minutes preview

In the view of analysts at Barclays, the FOMC minutes is likely to provide fresh hints on the timing of the Fed balance sheet normalization process, while could express concerns over the US inflation outlook.

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FOREX Trading Wisdom

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FOREX Tech Targets

EUR/USD: Neutral (since 07 Aug 17, 1.1785): Bearish if NY closing below 1.1680.The ease of which the 1.1750 support was taken out came as a surprise. As highlighted yesterday, “a break below 1.1750 would indicate a retest of last week’s low near 1.1685/90”.

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Oil prices set to fall?

Bloomberg quoting a person familiar with the matter, citing that Libya’s biggest oil field Sharara, reopened for business and increased output to 230,000 barrels a day Tuesday from 200,000 barrels on Sunday.

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Asian markets Update

Asian equity markets lacked direction Wednesday following a rebound earlier in the week, tracking a muted performance overnight on Wall Street.The Shanghai Composite Index SHCOMP, -0.18% was down 0.5% as trading kicked off, with large caps succumbing to selling pressure following recent strength. Stocks were higher in Hong Kong though, with the Hang Seng Index HSI, +0.51% up 0.5%.

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Gold recovers to $1282

Fresh bids emerged just ahead of 10-DMA at $ 1277.81, allowing a tepid bounce in Comex Gold futures in the European session.All eyes on US retail sales

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No Idea? Blame Brexit!

‍Even in the summer, markets are driven by a multitude of factors. The only issue is that there are not as many people to take advantage of any moves or sufficient analysts to, well, analyse. So, what happens? We decide to blame the lowest common denominator and there is no lower or more common denominator than Brexit.

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FOREX Tech Targets

EUR/USD: Neutral (since 07 Aug 17, 1.1785): EUR to remain underpinned as long as above 1.1750.There is not much to add as we continue to expect EUR to stay underpinned as long as 1.1750 is intact

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FOREX Trading Wisdom

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NZD/USD fails to resist

The NZD/USD pair reverses half the Asian advance and falls back below 0.73 handle, as the US dollar extends the upside against its major peers.NZD/USD back below 5-DMA at 0.7300

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BoJ Aso Comments

Japanese Finance Minister Taro Aso was on the wires earlier today, via Reuters, commenting on Japan’s capex and housing investment.

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Asia Market Update

Global stocks continued to rebound Tuesday, getting a fresh lift as North Korea pulled back its threat to attack Guam.After days of heated rhetoric between North Korea and President Donald Trump, Pyongyang dialed back the political tensions Tuesday with North Korean state media saying Kim Jong Un had decided not to fire missiles at the U.S. territory.

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Forex Trading Wisdom

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EUR/USD weaker

The EUR/USD pair keeps losses and remains within the striking distance of daily lows reached at 1.1792, following the release of downbeat Eurozone industrial production data. EUR/USD: Focus shifts to US retail sales

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FOREX Tech Targets

EUR/USD: Neutral (since 07 Aug 17, 1.1785): EUR to remain underpinned as long as above 1.1750. As indicated last Friday (11 Aug), a move back above 1.1830 would indicate that the mild downward pressure has eased.

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GBP/USD - 1.30 to the tes

The Sterling is losing the grip at the beginning of the week, now dragging GBP/USD to the lower bound of the range around 1.3000 the figure.

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EUR/USD - Bull Trap

Following two consecutive Doji like candles with long lower shadows, the EUR/USDpair rallied to a high of 1.1848 on Friday. The gains were fuelled by a weaker-than-expected US inflation release and the resulting drop in the Fed rate hike odds.

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Asian Markets Update

Stock markets across Asia were higher on Monday following last week’s pullback, as senior U.S. officials over the weekend sought to play down risks of a military conflict with North Korea.

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USD/JPY flat-lined

The USD/JPY pair extended the consolidative price action and remained within striking distance of multi-week lows refreshed earlier today.

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Back to Basics

It’s about making money, isn’t it? Open any FX news and views website or look at any social media site and what do you find? A new way to trade foreign exchange.

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NFP to increase by 175k in July

Analysts at HSBC present a brief preview on what to expect from the upcoming US jobs numbers slated for release at 1230GMT.

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EUR/USD flirting with highs

The demand for the single currency remains solid at the end of the wee, now pushing EUR/USD to the upper bound of the range just below the key 1.19 handle.EUR/USD looks to NFP

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Aussie rescued

The US Dollar traded with mild weakness in a generally quiet Asian session on Friday. News report that special counsel Robert Mueller impaneled a grand jury to investigate allegations of Russia’s interference in the 2016 elections was seen weighing on the greenback

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Asian Markets Update

Stocks continued to struggle for direction amid slow late-summer trading, as investors paused following strong gains this year and ahead of the U.S. employment report due later Friday.

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BoE hawks can't help

Oliver Harvey, Macro Strategist at Deutsche Bank, expects the Bank of England to remain on hold today, but not to out-dove the market.

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FOREX Trading Wisdom

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Forex Tech Targets

EUR/USD: Bullish (since 19 Jul 17, 1.1550): 1.2000 is the next target but could be a bridge too far. We indicated yesterday that unless EUR can ‘punch’ above 1.1845 within these few days, the odds for further upward extension would diminish

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GBP/USD finds support

The Sterling has recovered the ground lost during early trade, now prompting GBP/USD to return to the vicinity of 1.3230 after bottoming out near 1.3210.

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Oil dips

Oil benchmarks traded under pressure in Asia as traders took note of the rise in the Saudi and Russia oil shipments to yearly highs in July.

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Asian markets pull back

Geopolitics helped prompt profit-taking in Asian shares Thursday following this week’s strength.

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USDJPY stabilizing

In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, spot could try to stabilize in the 110.27/109.75 band for the time being.

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Euro Edges Higher

EUR/USD has edged higher in the Wednesday session. Currently, the pair is trading at 1.1840, up 0.33% on the day. On the release front, Eurozone PPI declined 0.1%, matching the estimate

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FOREX Trading Wisdom

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FOREX Tech Targets

EUR/USD: Bullish (since 19 Jul 17, 1.1550): Odds for further extension would diminish unless there is clear break above 1.1845 soon. EUR traded in a relatively narrow range of 1.1784/1.1845 yesterday. The bullish phase that started 2 weeks ago is still intact but upward momentum is beginning to show signs of slowing.

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US Rates

The Fed’s QE Treasury holdings will soon begin to roll out of its portfolio as treasury bonds held by the Fed act like floating rate debt for the budget, so the Treasury is likely to replace them with bills.

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Oil prices capped

According to the results of the latest CNBC poll of energy strategists, traders and economists, oil prices are expected to remain capped around $ 50/ barrel this quarter, as the OPEC’s efforts to rebalance markets will be somewhat offset by the US shale output growth.

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BOJ’s Headlines

Reuters out with additional headlines from the BOJ board member Funo, this time calling for reforms to help achieve 2% price target.

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BoE Preview

Analysts at Deutsche Bank suggest that their expectation is that UK monetary policy will remain unchanged again in August. Key Quotes:

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AUD: 'Patience Will Pay'

ANZ FX Strategy Research argues that much of the good news that has propelled the AUD through the last month–looks well priced into the currency.

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FOREX Trading Wisdom

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Forex Tech Targets

EUR/USD: Exited rest of long position at 1.1800. Despite our reservation about the overbought conditions, the ongoing mess in White House gave EUR a fillip and sent it soaring above the strong 1.1800 resistance (overnight high of 1.1845

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Oil hovers above $52

Oil futures pushed to session highs on Tuesday, adding to more than a week straight of gains which have allowed the U.S. benchmark to move back above $50 a barrel for the first time in two months, lifted by growing optimism that the market is tightening.

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EUR/USD - Another leg higher?

EUR/USD jumped to a high of 1.1846 on Monday on the back of a broad based USD sell-off even though the 10-year US Treasury yield rose to 2.30% and the US-German 10-yr yield spread improved to 1.76 from the previous day’s print of 1.74.

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Asian markets Update

Equities continued to rise Tuesday, with Asian stocks starting August widely higher during what has been a strong earnings season so far.

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FOREX Week Ahead

Credit Agricole CIB FX Strategy Research expects next week’s RBA policy meeting to reaffirm the central bank's neutral stance, noticing that the RBA has so far resisted calls to join the group of G10 central banks that have moved closer to policy normalization recently.

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EUR/USD weakness short-lived?

Aila Mihr, Analyst at Danske Bank, sees potential pullbacks in spot to remain brief in the near/medium term. Key Quotes:

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FOREX Trading Quote

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Forex Daily Targets

EUR/USD: Bullish (since 19 Jul 17, 1.1550): Longs should exit rest of position at 1.1800. As indicated in the Chart of the Day update last Friday, we are aware of the current overbought conditions and in order to maintain the bullish impetus, EUR has to continue to march higher.

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BOE Preview

Analysts at Barclay offer fresh insights on what to expect from the BOE policy decision, accompanying minutes and quarterly inflation report slated for release this Thursday.

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ECB: QE exit strategy

Remarks from the European Central Bank (ECB) Governing Council member Sabine Lautenschlaeger on the bank’s monetary policy program were published in the Mannheimer Morgen newspaper over the weekend.

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