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Trading in the FX Market is more than just plotting indicators and placing an EA on a chart. Fundamentals are the catalyst and the driving force behind price moves, and if you aren’t keeping your ear to the ground, any one of a myriad of news events can seriously ruin your day. Bookmark this page to stay up-to-date on trending news and upcoming news events that affect your trading.

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UPCOMING FOREX NEWS EVENTS
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USD/CAD consolidates in a range above mid-1.2400s

The USD/CAD pair now seems to have entered a consolidation phase and was seen oscillating within a narrow trading range above mid-1.2400s.

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Forex Today: Yen advances further in Asia, eyes on UK data

Forex today in Asia experienced risk-off flows, as mixed Chinese inflation data combined with fresh North Korea headlines weighed negatively on the investors’ minds. The safe-haven Yen extended yesterday’s rebound and...

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Tech Targets: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD

While we warned of an increased “risk of a sustained pull-back” yesterday (08 Jan, spot at 1.2035), the ease and pace of which the 1.1970 ‘stop-loss’ was taken out came as a surprise. The outlook has shifted to...

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Asian stocks continue their early-year rally

Asian stocks extended their New Year rally Tuesday, though Japanese equities pared gains after the Bank of Japan trimmed the size of its bond-repurchase offer by 5% in its latest market operation.

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AUD/USD tumbles to lows as USD strength intensifies

The AUD/USD reversed upbeat Australian data-led early gains and dropped to a three-day low level of 0.7816 in the past hour. Investors looked past an unexpected jump in the Australian building approvals data, with a fresh wave of...

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GBP/USD hits fresh session lows, back below mid-1.3500s

The GBP/USD pair struggled to build on early up-move and once again ran through some fresh offers ahead of the 1.3600 handle. The pair retreated from...

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Forex Today: Yen rebounds in Asia, German data in focus

Forex today in Asia witnessed volatility seeping back, as full markets return after the New Year holiday break. Among the Asia-pac currencies, the Yen and Aussie both rallied, but it was the BoJ’s reduced JGBs purchases news that made the Yen the biggest gainer. The Kiwi also...

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USD/CAD holds weaker around 1.2400 mark

After yesterday's brief pause, the USD/CAD pair came under some renewed selling pressure and hangs closer to last week's over 3-month lows.

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USD/JPY surrenders early gains to 1-1/2 week tops

The USD/JPY pair erased all of its early gains to 1-1/2 week tops and has now retreated back to the lower end of its daily trading range, closer to the 113.00 handle.

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Gold futures dip after notching longest win streak on record

Gold futures inched down Monday, putting them on course to settle lower for the first time in a dozen sessions.

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Dollar jumps to 2018 high after Fed members strike hawkish tone

The dollar continued to rebound on Monday, charging higher after several Federal Reserve members hinted that at least three interest rate hikes are on the table in 2018.

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Asian markets continue rally; Taiwan stocks jump to 28-year high

Asian equities moved broadly higher early Monday, extending last week’s global stock rally, even as some local markets underwent a bout of morning weakness. The same happened Friday before markets in the region were almost uniformly able to end the week with solid gains.

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GBP/USD refreshes session lows, slips below mid-1.3500s

After an initial uptick to 1.3585 area, the GBP/USD pair met with some fresh supply and dropped to session low during the early European session.

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AUD/USD slides to fresh session lows, below mid-0.7800s

The AUD/USD pair traded with a negative bias on Monday and is currently placed at session lows, around the 0.7840-35 region.

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GBP/USD bounces back to mid-1.3500s, NFP on tap

The GBP/USD pair reversed an early dip to an intraday low level of 1.3523 and is currently placed in neutral territory, around mid-1.3500s. The pair witnessed a sharp reversal from the 1.3575-80 region and retreated around 50-pips during the early European session.

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Gold set to post fourth consecutive week of gains, NFP holds the key

Gold prices edged lower on Friday and eroded part of previous session's sharp up-move to fresh 3-1/2 month highs. Spot gold retreated below $1320 level, down 0.15% for the day, as attention shifts to the keenly watched US non-farm payrolls data for fresh directional impetus.

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USD/JPY jumps to 1-week tops, further beyond 113.00 mark

The USD/JPY pair traded with a positive bias for the third consecutive session and continued gaining traction further beyond the 113.00 handle.The pair was seen building on its rebound momentum from closer to 100-day support, near the 112.00 handle, and has now jumped to fresh weekly tops, around the 113.20-25 region.

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USD/CAD retakes 1.25 mark, focus remains on today’s key macro data

The USD/CAD pair staged a modest recovery from 2-1/2 month lows and might now be looking to build on its momentum back above the key 1.2500 psychological mark. The pair extended overnight bearish break below the weekly trading range and touched...

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Asian markets continue soaring to new highs, but show signs of cooling

The global stock rally continued in Asia early Friday, with numerous markets hitting fresh multiyear highs — though gains show signs of cooling. Japan’s Nikkei Stock Average NIK, +0.89% , which rose as much as 0.7% early to notch another

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Forex Tech Targets 05.01.2018: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD

The relatively large drop in EUR yesterday that hit a low of 1.1999 was unexpected. The failure to break above the major 1.2100 resistance does not bode well for the current bullish view (see update from yesterday, 03 Jan). However, only a...

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Forex Today: AUD slips on poor Aus trade, EZ CPI, US NFP - Key

Pre-NFP caution gripped the FX today in the Asia session, with the US dollar on the back foot across the board. More so, the fresh North Korean headlines weighed down on the risk sentiment. However, towards the Asia close...

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GBP/USD clings to gains, nearing mid-1.3500 post-UK PMI

The GBP/USD pair built on its post-FOMC minutes steady up-move from the 1.35 neighborhood and is currently placed at session tops post-UK services PMI.

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Forex Tech Targets 04.01.2018: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD

We shifted to a bullish stance yesterday (02 Jan, spot at 1.2005) and expected EUR to ‘retest’ the major 1.2100 resistance. While the high has been 1.2082, the rapid rise and the solid daily closing yesterday suggest that the odds for a clear break above...

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EUR/USD sticks to modest gains, around 1.2030 level

The EUR/USD pair extended its steady recovery move from the key 1.2000 psychological mark but lacked any strong follow-through momentum.Overnight US Dollar recovery move, supported by upbeat ISM manufacturing PMI and perceived hawkish FOMC meeting minutes...

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Forex Today: Antipodeans bounce on China PMI, EZ & UK services PMI on tap

FX Today was a quiet affair in Asia, with the risk-on theme the main driver, especially after the release of cheerful Chinese service activity data. The US dollar failed to extend its recovery mode against its major peers, thereby, lifting the sentiment around most majors.

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Nikkei soars on its first trading day of 2018, leading Asian market gains

Asian equities continued to strengthen Thursday, with Japanese stocks surging on their first trading day of 2018 after U.S. indexes rose to fresh records overnight.

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EUR/USD manages to keep 1.2000, but for how long?

The EUR/USD pair consolidated its post-FOMC minutes-led slide just ahead of 1.20 handle almost through the Asian session, with the risks tilted to the downside ahead of the Euro zone and US macro releases.

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GBP/USD flirting with lows near 1.3560 level, ISM PMI and FOMC minutes eyed

The GBP/USD pair extended its profit-taking slide and refreshed session lows, around the 1.3560 region, during the early NA session. The pair stalled its bullish momentum and witnessed a modest profit-taking slide this Wednesday.

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USD/JPY steady in tight range above 112 ahead of FOMC

After closing the previous day with a 50-pip loss, the USD/JPY pair is having a difficult time finding direction on Wednesday as investors remain on the sidelines before the FOMC releases the December meeting minutes later in the NA session. As of writing, the pair was...

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EUR/USD extends slide towards 1.2000 ahead of US ISM, Fed minutes

The latest leg lower in the spot can be mainly attributed to the ongoing broad-based US dollar recovery, with the bulls recovering ground further, as we move closer towards the releases of the US ISM manufacturing PMI and Dec FOMC meeting minutes. The latest Fed minutes are...

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Forex Tech Targets 03.01.2018: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD

The outlook for EUR shifted to bullish when it broke above the major 1.1960 resistance (the top seen in September). The current rally has room to extend further and a ‘retest’ of the major...

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IMF: Inflation to return in 2018

In its latest estimate measure released on Wednesday, the International Monetary Fund (IMF) indicated that 2017’s stagflation will not be extended into this year.

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Asian markets push higher, driven by tech and consumer stocks

Asia-Pacific stocks gained early Wednesday, building on a rally for tech and consumer stocks in the U.S.’s first trading day of 2018...

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USD on a shaky ground

“These include scepticism about the degree to which the reform will raise US economic growth, the extent to which the news it has been already been priced in and also the shift in market focus away from the tightening cycle of the Fed to other central banks in the G10.”

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Dollar set to suffer worst year since 2003 with 10% yearly loss

The dollar continued to decline on Friday, falling against all other major currencies and heading for its biggest yearly loss since 2003.Trading was thin on Friday — the last session of the year — as many investors were expected to...

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GBP/USD spikes to 1.35 handle amid fresh USD supply

A fresh wave of greenback selling emerged in the last hour and pushed the GBP/USD pair to the key 1.3500 psychological mark, or fresh 3-week tops. In absence any fresh development, a mildly weaker tone around the US Treasury bond yields accelerated the US Dollar downfall and...

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Gold sits at fresh one-month tops on softer USD

Gold traded with a mild positive bias for the seventh straight session and is currently placed at fresh one-month highs, around $1296 level. In the pre-holiday thin trading conditions, persistent selling pressure around the US Dollar kept pushing prices for the dollar-denominated precious metal to its highest level...

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Nikkei cruises on final trading day, capping impressive yearly gains across Asia

Asian stocks were mostly higher as 2017’s last trading day progressed, with Japan rebounding some from weakness late Thursday and tech names in the region continuing to recover from early-week selling.

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EUR/USD: A phase of bullish consolidation ahead of German CPI

Having hit monthly tops at 1.1959 in the US last session, the EUR/USD pair corrected a part of yesterday’s rally in the overnight trades. However, fresh demand resurged in the Asian session, keeping the spot better bid near the midpoint of 1.19 handle...

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USD/JPY stays in tight-range above 113

The USD/JPY pair is fluctuating in a 25 pip range on Wednesday as the thin trading volume doesn't allow any decisive movements in either direction. At the moment, the pair is at virtually unchanged on the day at 113.25.

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EUR/USD: Euro at downward sloping trend resistance

The EUR/USD recovered from Catalan pro-independence push lower on Friday and managed to gain further after four days of Christmas vacations on Wednesday.m Although the EUR/USD has recovered from lows of...

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Forex Today: Aussie – a big mover in Asia, a light calendar ahead

An eventless Asian session kicked-off yet another holiday-thinned week, as slowing volumes and irregular volatility persisted heading into the New Year break. There were no major macro news reported, excepted for the Chinese industrial profits and China’s Beige Book Survey, which had little impact on the fx space...

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EUR holds its own

“ECB President Draghi promoted a cautious outlook on inflation at his December press conference and signalled that the Eurozone economy is not yet strong enough to warrant a reduction of policy stimulus. That said, there was no strong expectati..ons in the market that the ECB would...

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Struggling shipbuilders drag down South Korea’s Kospi

Asia-Pacific stocks mostly rose modestly Wednesday morning as the remainder of the region opened after the Christmas holiday, though slumping shares in the world’s largest shipbuilder weighed on South Korea’s benchmark.

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BoE: No change in guard

In view of Jane Foley, Senior FX Strategist at Rabobank, the messages from the Bank of England in December did not stray far from that provided in November.

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China lifts yuan midpoint to three-and-a-half-month high

Tuesday’s official midpoint, 267 pips or 0.41 percent firmer than the previous fix of 6.5683 on Monday, was the strongest since Sept. 13.

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Japan making steady progress in beating deflation: Aso

Japanese Finance Minister Taro Aso said on Tuesday the country’s economy...

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UK: Will a two or three year transition period be long enough?

A big fear of Brexit-supporting ministers is that the transition period could lead to an indefinite period where the UK is neither in nor out of the EU, according to analysts at ING. Key Quotes :This is partly because the next election is scheduled for 2022, and an extended transition could leave the government vulnerable to suggestions it hasn’t brought the UK entirely out of the EU.”

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China stocks drop, Nikkei hits 26-year high in thin Christmas trading

Chinese stocks fell on Christmas Day, extending this year’s underperformance in a slow session in which most global markets are closed. ut Japan’s benchmark crept up to set another 26-year closing high...

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2017: A changing environment for central banks

2017 may have been extraordinary in terms of the political influences on G10 FX markets, but central banks have stolen a fair share of market attention, according to Jane Foley, Senior FX Strategist at Rabobank.

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GBP/USD quickly bounces off lows post-UK data, still below 1.34 handle

The GBP/USD pair quickly reversed a dip to 1.3360 area and jumped back to the top end of its daily trading range, albeit remained capped below the 1.3400 handle post-mixed UK economic releases. The pair bounced off lows after the final UK Q3 GDP print matched original estimates...

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Euro under pressure after separatists in Spain’s Catalonia in majority

The euro broke the still of an otherwise quiet preholiday market on Friday, as the single currency came under pressure as the threat of another crisis from Spain emerged after separatist parties won a crucial vote...

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EUR can rally towards 1.25 levels by summer 2018

Analysts at ING point out that 2017 has seen the return of a strong EUR - with its comeback driven by both the start of ECB policy normalisation and positive sentiment over what the Merkel-Macron axis could mean for the future of the Eurozone.

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Forex Today: EUR drops, AUD pops in Asia, UK data in focus

A quiet Asian affair, with some selling seen in the EUR across the board following the outcome of the Catalan election. As a result, the US dollar sharply against its main competitors, while the reports that the US Congress voted to avert a government shutdown also lifted the sentiment around the buck...

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EUR/USD refreshes session lows, around mid-1.1800s

The EUR/USD pair quickly reversed the US data-led uptick and held closer to the lower end of its daily trading range. The pair did get a minor lift after the third quarter US GDP growth was revised lower...

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USD/CAD hangs near weekly lows ahead of macro data

The USD/CAD pair struggled to gain any strong traction and remained within striking distance of weekly lows touched in the previous session. A modest US Dollar rebound helped the pair...

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EUR: Risks of a drift above 1.20 levels

In view of analysts at Deutsche Bank, despite the large move this year in Euro, they see risks of a drift above their 1.20 target vs. the dollar next year. Key Quotes “EURUSD already above our year-end target of 1.17 and could squeeze higher...

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EUR/USD: Corrective slide to extend as DXY re-takes 93.00

Having failed to sustain the rally above the 1.19 handle, the EUR/USD pair extended its overnight corrective slide into Asia, as investors seek to take profits off the table ahead of the key US macro releases due on the cards later today. EUR/USD hovers near daily pivot of 1.1870 The spot is seen flirting with...

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Asian markets drop slightly after declines in U.S., Europe

Most Asia-Pacific stock markets were lower by midday, following overnight declines in Europe, as equity investors digested the passage of tax-code changes in the U.S. and the conclusion of a major Chinese economic policy meeting...

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BOJ December meeting: No change to monetary policy

The BoJ policy decision has been published, with the Central Bank communicating no change to its monetary policy.Key headlines:

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USD/CAD pulls away from daily lows, recovers to mid-1.28s

The USD/CAD pair came under a renewed selling pressure in the early NA session and dropped to a fresh five-day low at 1.2817 before starting to retrace its losses. As of writing, the pair was trading at 1.2850, still down 0.22% on the day.Today's data from Canada showed that following a 1.1% contraction in September...

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USD/JPY gains further beyond 113.00 handle, hits fresh one-week tops

The USD/JPY pair continued gaining some positive traction through the mid-European session and is now placed at fresh one-week tops, around the 113.15-20 region. The pair has, so far, managed to hold in positive territory for...

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GBP/USD bounces-back to 1.3400 ahead of UK data, Carney

Amid a lack of fresh fundamental release, the spot remains at the mercy of the price-action surrounding the Treasury yields, as markets await fresh Brexit headlines for a sustained move above the 1.34 handle. However, the pound continues to derive support from...

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Forex Today: Kiwi sees good 2-way action, Carney’s speech, US tax re-vote eyed

Forex today was a quiet affair in Asia, with limited moves prevalent as markets preferred to stay on the sidelines amid subdued pre-Christmas trading activity, while expectant of the passage of the US tax bill vote once again. However, the Kiwi emerged an exception, as the pair enjoyed some...

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China banks see less tight monetary policy

Two separate surveys conducted by the Chinese central bank (PBOC) highlighted the following (via Reuters):

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EUR/USD spikes to fresh session tops, comfortable above 1.18 handle

The EUR/USD pair quickly reversed the early European session dip to sub-1.1800 level and jumped to fresh session tops in the past hour. With investors looking past today's mixed German IFO business surveys, persistent US Dollar selling bias helped the pair to...

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How Historic Forex Regulations are Shaping the Future of Crypto By Kevin Murcko, CEO, CoinMetro and FXPIG

Unlike traditional stocks, which typically trade on centralised marketplaces, foreign exchange trading happens electronically over decentralised networks that span the globe. Although the underlying mechanisms and technologies are different, there are clear parallels between the decentralised and international structure of forex trading and the emerging cryptocurrency and digital asset markets...

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EUR/USD looks to regain 1.1800 on upbeat German IFO

Having witnessed a volatile NY session a day before, the EUR/USD pair extended its overnight consolidation phase into Asia, as investors gear up for the next event risk in the German IFO business surveys...

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Australian stocks at best levels in a decade as Asia-Pacific region posts broad gains

Most Asia-Pacific stocks traded higher Tuesday as changes to the U.S. tax code inched closer to completion, helping send Australia’s benchmark to 10-year highs. Indexes in Japan and South Korea, meanwhile, steadied after giving up early gains.

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BoJ to retain current policy by a majority vote

The Research Team at Barclays offers its brief preview on what to expect from the outcome of the 2-day BOJ monetary policy meeting concluding on Thursday. Key Quotes: “We expect the BoJ to retain current policy by a majority vote. That said, CPI inflation continues to...

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AUD/USD preserves daily gains above mid-0.76s

After recording its best weekly percentage gain since mid-July last week, the AUD/USD started the day on a positive note on Monday as it took advantage of the greenback weakness.

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Gold sits at session tops, near $1260 on weaker USD

Gold continued gaining positive traction through the early NA session and is currently placed at session tops, around the $1259-60 region. Some uncertainty over the passage of a long-awaited US tax cut bill and doubts over the pro-growth effect...

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USD/JPY struggling near mid-112.00s amid notable USD weakness

The USD/JPY pair finally broke down of its late Asian/early European session consolidation phase and has now retreated back to the mid-112.00s. The pair stalled its 50-pips rebound from session low level of 112.31 and was being weighed down...

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EUR/USD: Upside capped near 1.1800 post-EZ CPI

The main currency pair stalled its recovery mode just shy of the 1.1800 mark, largely on the back of a pause in the USD sell-off across the board, as Treasury yield regain poise across the poise amid risk-on trades...

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ECB to pay "special attention" on relocation plans of Brexit-hit banks

Bloomberg reports of a warning issued by the ECB to the London-based banks, who will relocate from the UK to the Euro area, in the wake of the Brexit issue.

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G10FX: Cheap Vs Expensive Currencies: What Is The Valuation Trade In 2018?

Societe Generale Cross Asset Strategy Research discusse the FX market outlook in 2018 from a relative valuation perspective

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Forex Today: Kiwi – a big mover in Asia, Eurozone final CPI on tap

The US tax reform optimism induced risk-on moods extended into Asia, pushing the Treasury yields higher alongside the Asian equities. However, the US dollar failed to extend its Friday’s recovery and somewhat stabilized, as the NZD bulls benefited the most from it. The Kiwi ignored ...

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US Tax Reform to Guide Markets Ahead of Holidays

The tax reform vote is the last major event still ongoing as traders start to wind down their activity ahead of the holidays. The Bank of Japan (BOJ) is the last major central bank to hold its December meeting and it is anticipated it will follow the path of the Bank of England (BoE) and the European Central Bank (ECB) which did not make any changes to their monetary policy...

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Gold inches back closer to weekly tops

Gold continued gaining some positive traction through the mid-European session and edged back closer to weekly tops touched in the previous sessionAfter yesterday's brief pause, the commodity resumed with its near-term bullish momentum and...

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GBP/USD flirting with lows, 1.3400 mark at risk

The GBP/USD pair extended its steady decline through the mid-European session and has now moved on the brink of breaking below the 1.3400 handle. Despite some fresh US Dollar selling interest, led by renewed uncertainty over the progress of...

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FOREX Tech Targets 15.12.2017: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD

EUR rebounded strongly yesterday and took out the key 1.1815 resistance. The 1.1716 low seen earlier this week is deemed as a shortterm low. While the neutral outlook remains intact, the current recovery appears to have room to extend higher towards ...

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EUR/USD struggles to extend recovery move beyond 1.18 handle

Having tested 50-day SMA support, the EUR/USD pair gained some positive traction and jumped to the 1.1800 neighborhood during the early European session. The pair stalled its post-ECB slide near the 1.1765-60 support and found some...

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Asian stocks track Wall Street declines; Kospi rebounds

Stock markets in Asia were mostly lower Friday after modest declines in the U.S. and Europe overnight, but South Korea’s stock benchmark rebounded after sharp end-of-session losses a day earlier...

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BoJ said to tweak message as dissenter calls for more easing

Bloomberg came out with the latest headline, citing that the Bank of Japan(BoJ) is said to tweak message as dissenter calls for more easing.. According to the people familiar with the central bank's discussions...

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EUR/USD tumbles to lows on Draghi, 1.1800 mark now at risk

As the ECB presser got underway, the EUR/USD pair gained some traction and refreshed fresh multi-day tops during the early NA session. The pair caught some fresh bids after the ECB upgraded its economic growth forecast for 2017/18/19. According to the latest projections, the region's GDP growth...

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GBP/USD holds stable above 1.3400 handle post-BOE

The GBP/USD pair quickly recovered a knee-jerk slide to the 1.3400 neighborhood and had a rather muted reaction to the BOE announcement. The pair held within a familiar trading range, around the 1.3420-30 region...

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Gold will continue its climb in 2018, World Gold Council predicts

Gold prices have climbed this year despite rising U.S. interest rates, a rally in global stock markets and a jump in cryptocurrency prices - and the yellow metal has lots of reasons to stretch its gains into 2018...

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FOREX Tech Targets 14.12.2017: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD

EUR/USD: Neutral (since 15 Nov 17, 1.1795): Another dip towards the strong 1.1710 support is not ruled out just yet.We highlighted yesterday that “until 1.1855 (key short-term resistance) is clearly taken out, another dip towards the strong 1.1710 support is not ruled out just yet”. EUR hit an overnight ...

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BoE to keep the Bank rate at low levels for some time

The 25 basis point increase removed the ‘emergency’ stimulus that had been introduced in the wake of last year’s Brexit referendum, and still leaves the Bank Rate at the very accommodative level of 0.50%.”

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EUR/USD risk reversals adopt bullish bias

Euro's post-Fed rally to a 6-day high of 1.1844 levels seems to have revived the demand for the EUR bulls.

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US: All eyes on FOMC and CPI today

The Federal Reserve gets the balling rolling today with the FOMC meeting, which is most likely to deliver the third hike of the year, according to analysts at BBH...

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USD/JPY stuck in a range below mid-113.00s, US CPI & FOMC awaited

A combination of diverging factors has failed to provide any fresh impetus to the major, with the pre-Fed nervousness also holding investors back from placing any fresh/aggressive bets. The US Dollar recovered some of its early lost ground triggered by...

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FOMC determined to deliver third rate hike

In view of Philip Marey, Senior US Strategist at Rabobank, although puzzled by this year’s decline in inflation when unemployment has dropped below its own estimate of the NAIRU, the FOMC seems determined to deliver its third rate hike of the year on...

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EUR/USD fails again near 1.1760, US CPI & Fed eyed

After a brief phase of consolidation in early Asia, the EUR/USD pair broke higher to regain the 5-DMA barrier of 1.1761, although failed to sustain at higher levels, now easing back towards the familiar region near the midpoint of 1.17 handle...

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Forex Today: USD retreats on US politics, UK jobs

Forex today witnessed the extension of the corrective move in the US dollar from three-week tops reached against its main competitors in the US last session, following upbeat US PPI data release. The renewed sell-off in the greenback was mainly driven by the...

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FOREX Tech Targets 12.12.2017: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD

EUR/USD: Neutral (since 15 Nov 17, 1.1795): Pressure shifting to the downside but too early to expect a sustained down-move. No change in view. EUR is approaching the bottom of the expected 1.1740/1.1940 consolidation range and the weak daily...

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GBP/USD - Small rebound on cards

GBP/USD has again eased back to its 20-day ma at 1.3347, which it is starting to erode. There remains an upside bias above last weeks low at 1.3320, current intraday Elliott wave counts imply that we should see a small rebound. It has recently broken...

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EUR longs rose, JPY shorts increased

According to the IMM FX positioning for the week ending December 5, USD shorts were little changed at -39K while EUR longs rose by 3K to 93K...

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Brexit commentary to be closely watched

In view of analysts at ANZ, Brexit commentary will be closely watched this week as UK Ministers made comments suggesting they weren’t 100% committed to the promises made last week to secure a deal, especially as regards the vexed question of the Irish border...

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Forex Today: NZD rallies hard on RBNZ news, a quiet session ahead

The Kiwi was the big mover/ gainer in Asia, kicking-off the week on solid footing on the announcement of the new RBNZ Governor – Orr. Its OZ neighbor followed suit and gained 0.20% to trade near 0.7525 levels, having ignored poor Chinese CPI data. Meanwhile, both the EUR and GBP remained...

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