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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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RBA not following the Fed

Analysts at Rabobank point out that the RBA left rates on hold at 1.50% yesterday as expected but added some key extra words to their copy-and-paste statement: “One continuing source of uncertainty is the outlook for household consumption”. Key Quotes: “Given household debt is...

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Gold gains appears capped around $1,280/oz

The ounce troy of the precious metal is trading on the defensive on Tuesday albeit within a tight range around the $1,280.00 area.

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GBP/USD drops to fresh session low, around 1.3125 level

The greenback held onto its strong gains and dragged the GBP/USD pair to fresh session lows during the early NA session. Mostly positive US macro data released late last week added to market expectations for a December Fed rate hike action, which coupled with...

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EUR futures: bearishness appears intact

CME Group’s preliminary figures for EUR futures markets saw investors trimmed their open interest positions by more than 1.9K contracts on Monday vs. Friday’s final 443,860 contracts. On the opposite side, volume retreated sharply by by more than 54.1K contracts.

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Forex Tech Targets 07.11.2017: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD

EUR/USD: Bearish (since 27 Oct 17, 1.1640): Scope for extension to 1.1530. We have been bearish for more than a week now and since then EUR has not been able to make much headway on the downside. That said, the weak daily closing on Friday is encouraging for our view and we continue to expect EUR to move lower towards 1.1530.

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Lack of immediate risk pushes Asia-Pacific markets to multiyear highs

Asia-Pacific stocks posted gains Tuesday after several days of little movement globally, allowing indexes in the region to hit fresh multiyear highs. A late-morning rush of buying, which some attributed to fresh foreign inflows, helped the Nikkei top its 1996 high and reach levels last seen in early 1992. Meanwhile...

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Forex Today: Aussie capped by 0.77 post-RBA, Eyes on ECB Draghi’s speech

Forex today witnessed yet another dull Asian session, in absence of key first-tier data. However, the US dollar managed to stage a minor rebound across its main competitors on the back of fresh buying seen around the Treasury amid persisting risk-on market profile...

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BOJ's Kuroda - Current policy is sufficient to hit 2 percent price target

Bank of Japan (BOJ) Governor Kuroda is back on the wires stating that the current yield curve control policy is sufficient to hit the 2 percent inflation goal. The BOJ minutes released in early Asia showed a couple of...

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Week Ahead: AUD, NZD Into RBA & RBNZ: What's Next For USD Rally?

Credit Agricole CIB Research discusses AUD and NZD outlook ahead of next week's RBA and RBNZ November policy meetings. "The RBA and RBNZ will release a review of their policy rates and forecasts next week. Both are expected to...

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Asian markets mostly lower as Trump begins 10-day trip

Global stock markets were broadly lower in Asia on Monday, despite record gains on Wall Street, with Hong Kong lagging behind the region as China-related firms pulled back. The Hang Seng Index HSI, -0.63% was down 0.6% in afternoon Asian trade, after falling about 1.5%, amid declines in Chinese financial and property stocks...

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Forex Today: Yen takes a hit in Asia, light day ahead

The Japanese Yen ran into a wave of offers in Asia, courtesy of the dovish BOE minutes and pro-easing comments from BOJ Governor Kuroda. USD/JPY hit the highest level since March, EUR/JPY peeped above 133.00 handle, and AUD/JPY moved above the 100-day moving average (MA). Asian equities traded tentatively despite record gains on Wall Street. Japan’s Nikkei outperforming, tracking the weak Yen. Gold remained flat lined around $1270.

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US Dollar Mixed After NFP Miss Strong ISM Service Index

Busy week ends with disappointing US jobs report. The US dollar is mixed against major pairs on Friday. The greenback fell when the U.S. non farm payrolls (NFP) report showed the US economy added 261,000 jobs, 50,000 short of the forecast. Despite the ...

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USD/JPY: tanks to 113.63 low post nonfarm payrolls headline miss, Fed hike still on?

USD/JPY is once again rejected from the territory on the 114 handle in the wake of a miss in the nonfarm payrolls headline and wages and a drop in the participation rate. However, the unemployment is the lowest since 2001, but the lower participation rate needs to be acknowledged in that regard.

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EUR futures: underpinned around 1.1600

CME Group’s flash data for EUR futures markets showed open interest rose by nearly 5.4K contracts on Thursday vs. Wednesday’s final 441,010 contracts. In the same line, volume rose significantly by almost 38K contracts, up for the second session in a row.

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BOE’s Broadbent: We may need a couple more rate rises to get inflation back on track

BOE Deputy Governor Dr. Ben Broadbent crossed the wires last hour, via Reuters, speaking to the BBC Radio 4. Key Headlines: "This is a moderate rate rise..

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EUR/USD stays sidelined near term

The pair remains sidelined in the near term while it keeps the negative stance so far, noted Karen Jones, Head of FICC Technical Analysis at Commerzbank. Key Quotes: “EUR/USD’s outlook stays negative, the market last week...

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FOREX Tech Targets 03.11.2017: EUR/USD, USD/JPY, AUD/USD, NZD/USD

EUR/USD Bearish (since 27 Oct 17, 1.1605): Scope for extension to 1.1530. No change in view, see update from yesterday below.EUR has been consolidating within relatively narrow ranges after the sharp decline late last week. As highlighted in recent updates...

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Forex Today: Aussie dumped on Aus retail sales miss, UK PMI, NFP on tap

Forex today was a quiet affair in Asia, with the Japanese traders celebrating Culture Day. In terms of the economic release, we had a big miss on the Australian retail sales data, which weighed down heavily on the Aussie. Meanwhile, the Kiwi benefited from stronger Chinese services PMI data and...

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EUR/GBP stalls post-BoE upsurge at 0.8900 handle

The post-BoE GBP selling remained unabated and pushed the EUR/GBP cross to fresh one-week high in the past hour, albeit has retreated few pips thereafter. Despite the historic BoE decision to hike rates for the first time since the financial crisis, a surprising cautious tone in the accompanying quarterly inflation report...

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Fed: Taylor as Vice Chair?

The fallout in the US dollar might be muted for the added fact that Taylor could still find himself on the FOMC in some capacity, with President still set to appoint three additional FOMC Governors – including a new Vice Chair to replace Stanley Fischer.

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BoE: 80% priced for a 25bps rate hike today

According to Jane Foley, Senior FX Strategist at Rabobank, September marked a sea-change in expectations regarding BoE policy as currently the market is around 80% priced for a 25bps rate hike on November 2 and the latest Bloomberg survey suggests that...

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Forex Today: USD slumps in Asia, UK PMI, and BOE in spotlight

Forex today was taken by surprise on a sudden USD selling wave seen in Asia, as the US futures tumbled on reports of the proposal of a temporary cut in the corporate tax rates from 35% to 20% that would phase out after a decade. Most majors benefited the most from the...

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FOREX Tech Targets 02.11.2017: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD

EUR/USD: Bearish (since 27 Oct 17, 1.1605): Scope for extension to 1.1530. EUR has been consolidating within relatively narrow ranges after the sharp decline late last week. As highlighted in recent updates, despite the oversized drop, there is scope for extension towards the...

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US futures drop on temporary corporate tax cuts news

The US equity futures witnessed fresh selling in the Asian trades, fuelled by risk-off sentiment, as markets assessed the overnight comments from the US house tax committee Chairman Brady noting that, “the tax bill will only have temporary cut in the corporate rate from 35% to 20%.”

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AUD/USD retreats from highs after strong ADP report, ISM PMI next

The AUD/USD pair trimmed some of its early strong gains and retreated around 20-pips from session tops to currently trade around the 0.7670-65 band. The US Dollar gained some additional traction in the last hour after the ADP report showed private-sector employers...

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EUR/USD struggling for a firm direction, US data and Fed awaited

The EUR/USD pair extended its range-bound price action and remained capped below 1.1660 support turned resistance. Against the backdrop of last week's dovish ECB tapering decision, Tuesday's softer-than-expected October flash EZ inflation print partly negated...

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US: What to expect from the Fed today

“Financial markets remain sceptical over the Federal Reserve's predictions for the path of monetary policy. Uncertainty over who will lead the Fed, low inflation and some concerns about a potential government shutdown in December goes some way to explaining this.” “However, with Fed officials broadening out the factors justifying...

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EUR: Breaking key technical levels post ECB

The ECB’s recalibration of QE purchases for 2018 was as expected: reduced bond-buying to EUR30bn per month for nine months and reinvestment of maturing assets well past the end of QE, according to analysts at ANZ. Key Quotes: “The central bank also updated its...

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Forex Tech Targets 01.11.201: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD

EUR/USD: Bearish (since 27 Oct 17, 1.1605): Scope for extension to 1.1530. No change in view. There is not much to add as we just shifted from a neutral to bearish stance last Friday. As highlighted, despite the large decline post-ECB, there is...

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Markets: Brace for volatility ahead

The BoE, FOMC, Fed chair announcement, tax reform details, perhaps more Mueller-inquiry related headlines, together with some key US data (ISM, payrolls) are all on the calendar for the next few days which are likely to result in surge in volatility, according to analysts at ANZ.

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EUR/USD around 1.1630 on EMU’s CPI

The bearish note around the European currency remains unchanged on Tuesday and is now taking EUR/USD to the 1.1630 region in the wake of key releases in the euro area. The pair remains unable to gather some traction today despite EMU’s advanced GDP figures...

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FOREX Tech Targets 31.10.2017: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD

EUR/USD: Bearish (since 27 Oct 17, 1.1605): Scope for extension to 1.1530. There is not much to add as we just shifted from a neutral to bearish stance last Friday (see Chart of the Day update). As highlighted, despite the large decline post-ECB, there is scope for...

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GBP: ‘Gotta have faith’ that a Brexit ‘No Deal’ will be avoided to go long

According to Viraj Patel, Research Analyst at ING, ‘Sterling’s post-Brexit fall matters more for inflation than you think’ and it may well be one of the crucial messages the Bank of England signals this week as it looks set to hike rates. Key Quotes: “Bank officials will need to give the...

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Asia markets slide following US slip

Big week for USD -Investors are braced for a heavy week in the US, with President Donald Trump expected to say whether he will replace Federal Reserve chief Janet Yellen, with the announcement likely by Friday before he embarks on an Asia tour.

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BOJ keeps policy steady, as widely expected

The Bank of Japan (BOJ) concluded its 2-day monetary policy review meeting and announced no changes to its monetary policy settings, holding rates at -10bps, while maintaining 10yr JGB yield target at 0.00%. The BoJ vote was ... ‍

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EUR/GBP tumbles to 4-week lows, closer to 0.8800 handle

After an initial uptick to mid-0.8800s, the EUR/GBP cross ran through some fresh offers and drifted into negative territory for the fourth consecutive session. The cross extended its rejection slide from the key 0.9000 psychological mark and touched a 4-week low, around the 0.8815 region in the past hour.

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FOMC: November meeting is likely to be uneventful

According to analysts at TDS, the November FOMC meeting is likely to be uneventful: no changes to policy and no substantive changes in language, with no scheduled press conference or forecast updates. Key Quotes: We see two-sided risks..

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U.S. oil exports boom, putting infrastructure to the test

Tankers carrying record levels of crude are leaving in droves from Texas and Louisiana ports, and more growth in the fledgling U.S. oil export market may before long test the limits of infrastructure like pipelines, dock space and ship traffic.

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Week Ahead: GBP A Big Mover Into BoE; What's Next For EUR Sell-Off & USD Revival

Credit Agricole CIB FX Strategy Research discusses the outlook for GBP, USD, and EUR for the coming week. n the GBP front, CACIB notes that the currency will be among the big movers ahead of the BoE’s inflation report. We are more constructive on GBP and expect the BoE to...

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Forex Today: Kiwi plunges in Asia, German CPI, US Core PCE in focus

A quiet Asian affair today, with the only Japanese retail sales data released, which helped support the Yen against its American counterpart. Meanwhile, the US dollar remained largely subdued in tandem with Treasury yields, with the speculation rife that..

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US economy keeps motoring along

According to James Smith, Economist at ING, another strong growth figure should keep the Fed on track for a December hike, but its inflation, not growth, that is still the big headache for policymakers. Key Quotes: “The US economy is continuing to motor along at a fair pace...

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US Dollar at 3 Month High After Dovish ECB Awaits Fed and Jobs Report

US tax reforms advance as ECB avoids taper tantrum. The US dollar is trading higher against all major pairs in a week with little data. The week ahead in markets will be full of indicators as well as political events that will impact markets. The Bank of Japan (BOJ) will ...

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Results of the Q4 2017 ECB Survey of Professional Forecasters

Respondents to the ECB Survey of Professional Forecasters (SPF) for the fourth quarter of 2017 reported point forecasts for annual HICP inflation averaging 1.5%, 1.4% and 1.6% for 2017, 2018 and 2019 respectively, unchanged from the previous survey. Average longer-term inflation expectations...

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FOREX Tech Targets 27.10.2017 GBP/USD, USD/JPY, AUD/USD, NZD/USD

GBP/USD: Neutral (since 11 Oct 17, 1.3205): Rebound has room to extend above 1.3340. Expectation for GBP to extend lower to 1.3025/30 was proven wrong quickly as a better than expected UK GDP data resulted in sharp and swift rally (taking out the key short-term resistance at 1.3230 with an overnight high of 1.3271).

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EUR/USD: Post ECB: Balance Of Risks Point To Further Downside Momentum

Although not a policy tool, the ECB’s upper tolerance level for EUR/USD may not be much more than 1.20. The ECB is of the view that the improved economic outlook is still contingent on ECB support and implicitly loose financial conditions.

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Forex Today: DXY extends gains, Aussie weakest in Asia, US Q3 GDP eyed

Broad-based US dollar strength extended into Asia, with the USD index clinching fresh 3-month tops near 94.80 levels, leaving most majors pressured in the red zone. The Aussie was the biggest loser, with losses accelerated on...

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Asia stocks get inspiration from U.S. earnings reports and European stimulus news

Asia-Pacific equities rose broadly on Friday, buoyed by strength in U.S. corporate earnings and the prospect of continuing stimulus in Europe. Ahead of the start of Asian trading, three of the world’s biggest companies ...

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EUR/USD: Where The ECB Could Surprise? Key Levels To Watch

NAB FX Strategy Research discusses EUR/USD outlook ahead of the ECB meeting on Thursday. "We’re pretty much in with the crowd in expecting the current EUR60bn per month APP being cut to EUR30bn, which we think the ECB will...

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GBP/USD slides to fresh session lows amid modest USD recovery

After an initial uptick to 1.3279 level, 7-day tops, the GBP/USD pair met with some fresh supply and has now drifted into negative territory. The pair failed to build on previous session's UK GDP-led strong up-move and failed ahead of the 1.3300 handle.

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Gold clings to modest recovery gains, around $1280 level

Gold extended previous session's pull-back from 3-week lows and edged higher through early European session on Thursday. Currently hovering around $1280 area, off session tops touched in the past hour, the precious metal benefitted from a mildly softer tone around the US Dollar.

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Downbeat market mood carries over to Asia

A global stock pullback moved into Asia on Thursday, with most markets down modestly following similar-sized declines overnight in Europe and the U.S., pausing what has been a big month of gains for many indexes...

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EUR/USD clocks 4-day high, nears 50-MA ahead of ECB, focus on yields

EUR regained bid tone ahead of the ECB, but remains below 50-day MA ahead of the ECB. Common currency likely to take cues from the action in the bond yields post ECB. Having regained the bid tone on Wednesday, the common currency picked up...

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USD/JPY moves higher to 114.20, session tops

The Japanese currency remains entrenched into the negative ground on Wednesday and is now helping USD/JPY to advance to fresh 3-month tops in the 114.30 area.The buying pressure around the pair stays on the rise today following the up move in yields of the US 10-year reference to fresh tops around the critical 2.45% neighbourhood, or 7-month peaks.

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FOREX Tech Targets 25.10.2017 : EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD

EUR/USD: Neutral (since 14 Sep 17, 1.1890): EUR is expected to drift lower to 1.1665/70. No change in view.EUR has been trading within a 1.1730/1.1880 range for about 2 weeks now. Despite the consolidation, the undertone has weakened somewhat and the immediate pressure is on the downside..

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Forex Today: Aussie dumped on Aus CPI, German Ifo, UK GDP on tap

Forex today witnessed a brief consolidation phase in the US dollar and Treasury yields, after the overnight upsurge, leaving the main currency pairs (EUR/USD, GBP/USD and USD/JPY) better offered in tight ranges. Meanwhile, the Antipodeans extended yesterday’s sell-off..

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Japan may declare end to deflation before 2019 tax hike

Reuters quoted government sources familiar with the matter, noting that Japan’s government may be able to declare that the economy has made a sustained exit from deflation before it implements a scheduled sales tax hike in October 2019...

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Nikkei’s 16-session winning streak is in peril as Japan stocks pause at multiyear heights

Japanese shares struggled to hold on to gains early Wednesday following their record-smashing winning streak, as markets in the region broadly edged higher after their recent strength.Equity markets in Asia have been hovering around...

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Gold holds weaker below $1280 level, closer to Monday's 2-week lows

Gold came under some renewed selling pressure on Tuesday and has now weakened back below $1280 level. The precious metal failed to build on its modest overnight recovery move and remained within striking distance of over two-week lows amid renewed US Dollar buying interest.

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Nikkei pushes to extend win streak to 16 sessions even as Dow

Japan’s benchmark Nikkei 225 Index NIK, +0.50% was pushing Tuesday toward a 16th consecutive rise, having posted a 0.17% gain to the 21,733.10 level. The yen, meanwhile, rebounded against the U.S. dollar USDJPY, +0.18% overnight and gained a bit in the Asian session.

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USD: Further gains coming?

The US dollar has spent the past two months forming a bullish reversal pattern, signalling a further 4% gain in the DXY index during the months ahead, according to Imre Speizer, Research Analyst at Westpac. “The background of a likely glacial wind down to the ECB’s asset purchase program along...

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ECB to leave open whether it will extend QE after September

We expect the ECB to announce ... it will cut its monthly asset purchases from €60bn to €30bn as of January, with a commitment for nine months, i.e. until end-September 2018. We think the ECB will leave open whether it will extend QE after ...

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Forex Tech Targets 24.10.2017: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD

EUR/USD: Neutral (since 14 Sep 17, 1.1890): EUR is expected to drift lower to 1.1665/70. EUR has been trading within a 1.1730/1.1880 range for about 2 weeks now. Despite the consolidation, the undertone has weakened somewhat and the immediate pressure is on the downside...

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Dollar strengthens against euro, rises vs. yen as Japan’s Abe returns to power

The U.S. dollar strengthened Monday, largely against Japan’s currency as traders anticipated a further run of loose monetary policy after Shinzo Abe was returned to power as prime minister of the world’s third-largest economy. The euro was also under pressure ahead of this week’s monetary policy decision from the European Central Bank.

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GBP/USD slides to fresh session lows, farther below 1.32 handle

The GBP/USD pair once again failed to sustain early up-move beyond the 1.3200 handle and has now retreated over 60-pips from session tops. The market seems to have fully digested the latest Brexit development, wherein the UK PM Theresa May and the EU Commission agreed to speed up negotiations...

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EUR futures: poised for extra decline

CME Group’s flash data for EUR futures showed open interest dropped by more than 3.1K contracts on Friday vs. Thursday’s 449,358 contracts. Volume followed suit, decreasing by more than 25.4K contracts.

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Forex Today: Yen weaker, despite Abe’s big win, a light session ahead

Forex today was mainly driven by risk-on flows, triggered by a strong Abe win in the Japanese elections, which sent the Nikkei to fresh two-decade highs. However, the Yen failed to benefit from Abe’s landslide victory, as the outcome was...

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Week Ahead: EUR/USD Risk / Reward Ahead Of ECB: 'Not December 2016 All Over Again

Credit Agricole CIB FX Strategy Research discusses the EUR outlook ahead of next week's ECB October policy meeting in which The central bank is expected to announce its plans for the recalibration of its QE programm. "It is widely expected that any extension of the asset purchases should ...

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Gold hits 2-week lows as risk-on prevails at full steam

Gold futures on Comex meander near the lowest levels seen since Oct 6th on Monday, extending selling-off seen last Friday, as the yellow metal continues to face double whammy from broad based US dollar strength on one hand, while risk-on market profile collaborates to the weakness on the other hand.

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Dollar Higher on Tax Reform Hopes

The USD is firmer against major pairs after overcoming setbacks earlier in the week. Economic indicators have been scarce with political developments driving the currency. US President Donald Trump is closer to announcing his pick for leadership of the U.S. Federal Reserve and the US senate voted to pass the budget proposal clearing the way for tax reforms.

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AUD, NZD: What's Next For Volatility? Impact On Cyclical Currencies

ANZ FX Strategy Research discusses the outlook for volatility and the related impact on cyclical currencies in the near term, and into the second half of next year. In the near-term, ANZ think that low volatility could remain in place supporting cyclical currencies such as AUD, and NZD.

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Gold drops to 2-week low, as dollar gains strength

The gold selloff resumed on Friday, with the metal falling to a two-week low as the dollar rallied on news that the Republican-controlled Senate has passed a budget blueprint. Gold for December delivery GCZ7, -0.62% lost $8.20, or 0.6%, to $1,281 an ounce, setting it on track for its lowest settlement since Oct. 6 and a 1.8% weekly drop.

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GBP/USD recovers above 1.31, eyes on EU summit

The GBP/USD pair came under a new selling pressure in the Asian session and plummeted to a fresh 10-day low at 1.3087 before staging a modest recovery. As of writing, the pair was trading at 1.3135, still losing 0.18% on the day. After the US Senate approved a budget blueprint, which would open the door for the Trump administration...

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Forex Today: USD rallies as Senate clears tax reform hurdle, T-yield rise & Kiwi drops below 0.70 levels

FX desks in Asia put a bid under the US dollar as the Senate's decision to approve a budget blueprint for the 2018 fiscal year has made way for the GOP to enact a tax-cut package without Democratic support. Tax cuts are widely seen as inflationary, thus the long duration treasury yields strengthened.

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Asia-Pacific stocks start lower, edge back into positive territory

Early weakness in Japan, Australia and New Zealand stocks faded Friday morning, but Asia-Pacific markets overall lacked direction following weakness in Europe and swings on Wall Street. Hong Kong stocks rebounded strongly at the open...

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GBP/USD: Recovery post-retail sales falters near 1.3170

The GBP/USD pair is seen making minor-recovery attempts, although faces stiff resistances near 1.3170 region on its way to 1.32 handle. The spot held onto the major support located near 1.3125/40 area, and from there attempted a tepid-recovery...

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Forex Today: Aussie ignores Aus jobs & China data, Eyes on UK retail sales

Asia today cheered some positive news from the Aus docket, lifting the AUD/USD pair to 0.7870 levels, before reversing sharply on mixed Chinese data dump, with the Q3 GDP figures falling a tad short on expectations. The Kiwi too followed suit and tested 0.71 handle, eagerly awaiting the announcement on the new government.

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EUR/USD: Will Reserve Managers Take EUR/USD Higher?

Barclays Capital FX Strategy Research discusses the possible impact of the rebalancing of the EUR reserve managers on EUR/USD over the coming months. Barclays argues argues that the simple expectations for EUR reserve shares to return to...

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UK PM Theresa May urged to walk out if the EU wont talk trade

“In an open letter to the Prime Minister, four former Cabinet ministers, as well as MPs, business leaders and academics demanded she "formally declare" that Britain will leave the EU and conduct trade deals via the World Trade Organisation.

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Nikkei on track for another two-decade high as other Asian markets mixed

Global equities rose Thursday, with key Asian indexes gaining led by strength in Japan, thanks to a weaker yen and robust trade data. The Nikkei Stock Average NIK, +0.66% was up 0.4% in early trade, on track to...

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AUD/USD: Sold-off aggressively on firmer USD

The AUD/USD pair witnessed a steep drop in the European session, despite a better sentiment toward risk assets, as broad based US dollar buying remains unabated ahead of the US dataflow. The spot accelerated its declines from above 0.7850 levels and printed daily lows at 0.7819 levels...

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Gold and Silver Yields to the Dollar

U.S. yields continue to quietly move higher, forcing further retreats in gold and silver prices, with any safe haven premium absent from trading for now. Gold prices crawled higher in Asia reclaiming some of its overnight losses as traders awaited the start of the China Communist Party Congress.

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EUR futures: bears remain in control

According to CME Group’s flash data for EUR futures markets, open interest receded by nearly 900 contracts on Tuesday vs. Monday’s 449,028 contracts. Volume, instead, rose by almost 31K contracts...

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EUR/USD turns negative near 1.1760, Draghi eyed

Having peaked near 1.1780 levels in the Asian trades, the EUR/USD pair gradually extended lower, now flirting with daily lows struck at 1.1759 last minutes. EUR/USD trades below 20-DMA at 1.1779 The latest leg down in the spot is mainly driven by resurgent USD demand against...

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USD/JPY finds buyers again near 112.10, eyes on US data

Amid a pick-up in buying interest seen in Treasury yields and positive Asian equities, the USD/JPY pair continues to find support on 112 handle. USD/JPY re-attempts gains above 10-DMA at 112.28. The major is seen wavering back and forth in a 15-pips narrowing...

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Asian markets continue to rise as China’s party congress starts

Equity markets in the Asia-Pacific region were slightly higher on Wednesday, building on Wall Street’s bullish performance overnight, though gains were being capped as a key meeting of China’s political elite kicked off. Regional investors were trading cautiously as the latest...

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US Dollar advances to daily highs near 93.40

The greenback is prolonging its upside momentum during the first half of the week, now sending the US Dollar Index to the upper end of the range near 93.40. US Dollar bid on USTs: The index regained buying interest following the positive performance in

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Tech Targets17.10.2017: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD

EUR/USD: Neutral (since 14 Sep 17, 1.1890): Recovery has room to extend higher to 1.1930. The rapid and sharp pull-back in EUR last Friday came as a surprise. However, as highlighted in recent updates, as long as the key short-term support at 1.1760 support is intact, there is room...

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AUD slips on RBA minutes, CPIs, ZEW and Carney in focus

Risk-aversion emerged the main theme in Asia this Tuesday, with the Yen regaining ground against its American counterpart, following the warning issued by the North Korean UN ambassador. As a result, the Antipodeans also traded...

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Economists don't expect another BOE hike after November

Economists believe the Bank of England (BOE) will hike rates in November and would maintain the status quo till the first quarter of 2017. The UK’s first interest-rate hike in over a decade will take place at the BOE’s Nov. 2 meeting, according to 76 percent of

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Asian market rally shows signs of slowing

The global stock rally showed signs of slowing Tuesday, with many Asia-Pacific indexes little changed ahead of the start of the Chinese Communist Party’s congress.One exception was Australia, where stocks rebounded thanks to stronger commodity prices...

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USD/CAD – Canadian Dollar Dips after US Inflation Misses Estimate

The Canadian dollar has started the week with losses. In Monday’s European session, USD/CAD is trading at 1.2532, up 0.57% on the day. On the release front, there are no major events to start the week. Canada releases Foreign Securities Purchases and the US publishes the Empire State Manufacturing Index.

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EUR/USD stuck in range below 1.1800 amid Spanish political woes

The EUR/USD pair remains heavily offers so far this Monday, now hovering near daily lows struck earlier at 1.1781 levels, as the political jitters surrounding the Catalan independence declaration continue to weigh down on the Euro. The spot extends its bearish momentum into a third day today...

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Oil jumps on fears of new Iran sanctions, Iraq conflict

Oil markets jumped on Monday on concerns over potential renewed U.S. sanctions against Iran as well as conflict in Iraq, while an explosion at a U.S. oil rig and reduced exploration activity supported prices there.Traders said that worries over renewed U.S. sanctions against Iran were pushing up prices.

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Week Ahead: EUR Still A Buy, Data To Lend GBP Some Support, Cautious On USD

Credit Agricole CIB FX Strategy Research discusses its outlook for the EUR, USD, and GBP for the week ahead. On the EUR front, CACIB notes that indications next week that this will be the likely course of events in Spain could help investors refocus their attention on the improving Eurozone fundamentals...

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BOE should delay rate hike

The EY ITEM (Independent Treasury Economic Model, a Club economic forecasting group based in the United Kingdom, is the latest to call for a delay in the Bank of England rate hike. As per BBC report, " the group called on the bank to...

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Nikkei continues to surge, leading Asian market gains

Equity markets in Asia were broadly higher to start the week, with Japan’s benchmark index leading gains thanks to a weaker yen, as global risk appetite continued to improve. The Nikkei Stock Average NIK, +0.63% was up 0.8% — on track to close at another 21-year high...

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Muted US Inflation Derails Dollar Recovery

The US dollar is trading lower on Friday after the consumer price index (CPI) and the preferred inflation metric the core CPI came slightly under expectations. Fed speakers had been divided in their comments leading up to the release. Doves thought it was a mistake to...

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Forex Tech Targets 13.10.2017 : EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY

EUR/USD: Neutral (since 14 Sep 17, 1.1890): Recovery has room to extend higher to 1.1930. No change in view.There is not much to add as we continue to hold the view that the current recovery in EUR has room to extend higher to 1.1930. While it is early days still...

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Gold fails ahead of $1300 mark, drops to session lows with US CPI in focus

Gold surrendered all of its early gains to 2-1/2 week highs and has now dropped to the lower end of daily trading range, around $1292 level. The precious metal stalled its recent upsurge and seems to have faced rejection near the $1300 handle. A modest US Dollar rebound, backed by the latest hawkish comments...

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USD/JPY finds support around 111.80, US CPI on sight

The Japanese currency stays strong vs. its American peer at the end of the week, with USD/JPY managing to regain the 112.00 handle after a brief test of lows in the 111.90/85 band.Spot is down for the second consecutive session so far today, finding support in the critical 200-day sma around 111.80 and trading, as usual, in tandem with the performance of yields in the US money markets.

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