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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.

EU Official: Eurozone budget should be around EUR 17 bln

Reuters reports a European Union (EU) official, as saying that the Eurozone budget can get external financing sources if governments agree that in an intergovernmental agreement (IGA)...

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Gold holds steady in a range, just below $1510 level

Gold was seen oscillating in a narrow trading band through the early European session on Wednesday and consolidated the overnight goodish move up back closer to weekly tops...

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US: Surprise upside in Producer Prices – TD Securities

Analysts at TD Securities note that the US Producer prices surprised to the upside in September, with both headline and core prices falling below market expectations at -0.3% and 0.0% MoM, respectively (market: 0.1% headline; 0.2% core)...

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EUR/USD locked in a tight range and ready to explode, more likely to the downside – Confluence Detector

EUR/USD has been on the back foot following a risk-off mood stemming from worsening relations between the US and China. Where next? Technicals are pointing to strong support and resistance lines in the immediate vicinity of the...

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GBP/USD may recover as support is stronger than resistance — Confluence Detector

GBP/USD has been losing some ground amid pessimism about reaching a Brexit deal. However, technical levels are pointing to a higher chance of a move to the upside. The Technical Confluences Indicator is showing that...

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EUR/USD is approaching the 4 month downtrend – Commerzbank

Analyst at Commerzbank, notes that EUR/USD pair has maintained its recovery from the base of the weekly channel at 1.0892 currently...

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Forex Today: Markets see glass half full in trade, Boris bracing collapse in talks, and Powell's speech eyed

Here is what you need to know on Tuesday, October 8:

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JPY Futures: cautiously neutral near term

Investors trimmed their open interest positions by more than 2K contracts on Friday, while volume shrunk by almost 39K contracts, noted advanced data for JPY futures markets from CME Group....

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Scope for EUR/USD to test 1.10 in the near term – UOB

In opinion of FX Strategists at UOB Group, EUR/USD could attempt a move to 1.10 in the very near term...

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Forex Today: China limits scope for talks, EU skeptical on Brexit, and Trump's troubles mount

Here is what you need to know on Monday, October 7:

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Dollar on Backfoot as US Data Disappoints

The US dollar is sensitive to data misses and even though the ISM services PMI remains in expansion territory, the lower than expected index triggered a sell off of the greenback. The United States is not immune to recession fears even if it ...

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US: Non-Farm Payrolls seen increasing by 125k in September - Nomura

125k increase, likely driven by another weak month of service employment growth...

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AUD brushes off equity turmoil – Westpac

The past week has included global markets being shaken by a collapse in a key US manufacturing survey, the S&P 500 kicking off Q4 by sliding to 5 week lows and of course the RBA rate cut, the AUD remaining above 67 cents is a resilient performance...

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China's Yuan to refresh decade lows as trade war drags on - Reuters poll

The Analysts surveyed by Reuters believe that the Chinese yuan will extend the decline and renewed decade lows, as China will continue to devalue its currency amid lingering US-China trade war risks...

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EUR/JPY Technical Analysis: Remains under pressure around 4-week lows

EUR/JPY keeps the bearish view unchanged so far this week, dropping and rebounding from new multi-week lows near 117.20...

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US: NFP likely to gain 150k in September – TD Securities

Analysts at TD Securities note that the US ADP employment data for September largely met expectations, posting a 135k gain vs. consensus expectations at 140k...

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EUR/USD Technical Analysis: Targets the 21-day SMA at 1.1000 in the near term

EUR/USD is looking to extend the recovery from recent YTD lows in the 1.0880 region, although strong resistance emerged in the 1.0950/60 band...

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EUR/USD: On reversal watch – Commerzbank

Analyst at Commerzbank, suggests that EUR/USD pair has sold off to the base of its one year down channel, currently at 1.0899 and this support is reinforced by its 78.6% retracement of the move 2016-2018 at 1.0814..

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GBP/USD stays below 1.23 after UK Sept Manufacturing PMI rebounds to 48.3

The UK manufacturing sector activity contraction unexpectedly slowed in the month of September, the latest survey report from IHS Markit showed this Tuesday. The seasonally adjusted IHS Markit/CIPS UK Purchasing Managers’ Index (PMI) jumped to ...

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Fed’s Evans: US monetary policy needed some "repositioning" to align against risks

Chicago Federal Reserve Bank President Charles Evans said on Tuesday, the US monetary policy needed some "repositioning" to align against risks...

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Gold: Recent Mid-East flare up adds to upside risks – ING

In the latest client note, analysts at ING note that despite the recent surge in gold prices, the investment demand for the yellow metal remains intact amid trade war and Mid-East tensions...

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BOJ’s Kuroda: Downside risks in global economy heightening

Further comments are crossing the wires from the Bank of Japan (BOJ) Governor Kuroda, as he now says that the central bank will conduct policy appropriately without preconceptions while monitoring various risks carefully...

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EUR/USD eyes 1.0890 as the next downside target – Confluence Detector

EUR/USD has been on the back foot as the US dollar stormed the board. As it nears the 2019 low of 1.0926, it is time to look at the next downside targets...

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EUR/USD remains offered around 1.10, looks to ECB-speak

The single currency has come under renewed and moderate selling pressure in the middle of the week and is dragging EUR/USD back to the 1.10 neighbourhood...

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GBP/USD: Easing back – Commerzbank

Analyst at Commerzbank, suggests that GBP/USD pair is consolidating below the mid-July high at 1.2580 and minor support below the 1.2385 September 9 high is found at the 55 day moving average and...

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Gold trades with modest losses, just below $1530 level

Gold traded with a mild negative bias through the early European session on Wednesday, albeit remained well within the striking distance of near three-week tops set in the previous session...

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UK: Further political uncertainty – Rabobank

UK’s Supreme Court is expected to rule on whether or not PM Johnson unlawfully provided advice to the Queen in order to prorogue parliament...

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Gold sits near 2-week tops, just above $1520 level

Gold edged higher during the early European session on Tuesday and remained well within the striking distance of over two-week tops set in the previous session...

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EUR/USD attempts a recovery post-IFO, still below 1.10

The single currency debates between gains and losses vs. the Greenback on Tuesday, with EUR/USD still parked around the 1.0990 region.EUR/USD support emerged near 1.0970...

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U.K. companies for sale — at a 13% discount

Buying a British company costs 13% less now than before the Brexit referendum in June 2016, according to new data from international law firm Mayer Brown...

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Trump is not in a hurry - Rabobank

Analysts at Rabobank remain sceptical about a major breakthrough in the trade war in the coming months as China would have to change its economic model to address those issues – something that Beijing is not prepared to do..

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EUR/USD comes under pressure and breaches 1.10 on PMIs

The selling pressure around the European currency is picking up pace on Monday and is now dragging EUR/USD to fresh daily lows in the sub-1.10 area.EUR/USD weaker on PMIs, looks to Draghi...

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FOREX Week Ahead: Markets remain focused on geopolitical risks

Next week will hear from several central bankers, see a handful of rate decisions and see if PM Boris Johnson alters his Brexit strategy after we hear the UK Supreme Court ruling. On Tuesday, politics will be plentiful as UN has several speakers (Trump and Macron)...

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Gold climbs further beyond $1500 mark, lacks follow-through

Gold edged higher for the second consecutive session on Friday, albeit remained well within a familiar trading range held over the past two weeks or so...

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BOE prepares the ground

The Australia and New Zealand Banking Group (ANZ) analysts express their thoughts on the Bank of England (BOE) monetary policy decision announced on Thursday...

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EUR/USD may free-fall if it loses this support line – Confluence Detector

The Technical Confluences Indicator is showing that EUR/USD has support at 1.1045, which is the convergence of the Fibonacci 38.2% one-week, the Fibonacci 61.8% one-day, the Simple Moving Average 100-1h, the SMA 200-1h, the Bollinger Band 4h-Middle, and the BB one-day Middle...

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USD/JPY consolidates near 1-1/2 month tops, comfortably above 108.00 handle

The USD/JPY pair now seems to have entered a consolidation phase and was seen oscillating in a range just below 1-1/2 month tops, set earlier this Tuesday...

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RBA Minutes: Little more downbeat

Analysts at TD Securities note that the RBA’s September meeting Minutes were published today and they were a little more downbeat than the Sep statement suggested...

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EUR/USD: Range trading – Commerzbank

Further range trading within last week’s extremes at 1.0927/1.1109 is to be seen. Only a daily chart close above the...

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UK’s Raab: EU claiming no detailed plans put forward is a diplomatic pressure exercise

The pound remains under pressure but manages to recover above the 1.2450 level ahead of the Juncker-Johnson meeting...

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AUD/USD climbs back closer to multi-week tops, comfortable above mid-0.6800s

The AUD/USD pair quickly reversed the weekly bearish gap opening, albeit struggled to extend the momentum and remained well within a broader trading range held over the past one-week or so.

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Oil surges, how will EMs react? - TDS

“While it is unclear how long the spike in oil prices will be sustained given slowing demand and strategic inventory releases, we examine historical periods (6 in total) of oil price increases (annualised gains of 200% since the start of 2015) to ascertain the potential impact on EM currencies.”...

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Forex Week Ahead- Central banks the only game in town

For many months now, all of the attention has been on the trade war, Brexit and central bank easing. Next week is going to be no different as the UK Supreme Court rules on Boris Johnson’s prorogation of Parliament, talks continue ahead of a meeting between the...

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JPY Futures: further downside on the cards

CME Group’s preliminary figures for JPY futures markets noted open interest and volume increased by nearly 2.4K contracts and almost 8K contracts, respectively, on Thursday...

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EUR/USD further upside not ruled out – UOB

FX Strategists at UOB Group suggested EUR/USD could attempt some consolidation in the near term albeit with an upside bias....

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Forex Today: Hopes for a small trade deal boosts mood, EUR/USD digests ECB whipsaw, US consumer in focus

Here is what you need to know on Friday, September 13:

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ECB press conference - September 12: Draghi speech live stream

Mario Draghi, President of the European Central Bank (ECB), is scheduled to deliver his remarks on monetary policy outlook in a press conference at 12:30 GMT. In a widely expected decision, the ECB today announced that it lowered the rate on deposit facility by 10 basis points to -0.5% as expected...

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Breaking: ECB slashes rates by only 0.1% but announces QE, EUR/USD leaps, then crashes

The European Central Bank was expected to cut the interest rate by 10 basis points from -0.40% to -0.60% and also extend its commitment to maintaining low-interest rates for longer. However...

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Gold trades with modest gains around $1490 level, lacks follow-through

Gold traded with a positive bias through the early European session on Wednesday and recovered a part of the previous session's slide to over four-week lows...

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Germany’s Merkel: We still have every chance of orderly Brexit

German Chancellor Merkel is reported by Reuters as saying that “we still have every chance of orderly Brexit”...

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Forex Today: Risk tone improves on trade progress, focus shifts to ECB

Here is what you need to know on Wednesday, September 11:

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EUR/USD Technical Analysis: A test of the 1.1080 region looks unlikely near term

EUR/USD has already entered the pre-ECB lull, trading in a consolidative fashion around the 1.1040/50 area...

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GBP/JPY consolidates recent gains to over 1-month tops, holds above 132.00 handle

The GBP/JPY cross seesawed between tepid gains/minor losses through the European session on Tuesday and consolidated the recent up-move to over one-month tops...

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EUR/JPY Technical Analysis: Rising odds for extra gains near term

EUR/JPY has resumed the upside so far this week, managing to leave behind Friday’s retracement and advance to 4-week tops beyond 118.00 the figure...

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Dollar Retreats After Jobs Miss and Higher Risk Appetite

The US dollar is lower against major pairs on Friday after the U.S. non farm payrolls (NFP) came in lower than expected by 30,000 jobs. The final data point was ...

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US Dollar Index Technical Analysis: The near-term constructive view stays intact above 97.96

DXY is struggling for direction in the 98.40 region, managing to rebound from Thursday’s lows near the 98.00 handle.

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EUR/JPY Technical Analysis: Recovery stays firm. Next target at the 55-day SMA at 119.78

The recovery in EUR/JPY has already left behind the 10-day SMA and the 21-day SMA at 117.33 and 117.72, respectively...

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Gold adds to Thursday’s steep decline, hits fresh 2-week lows

Gold dropped to fresh two-week lows during the early European session on Friday, albeit has still managed to hold above the key $1500 psychological mark...

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EUR Futures: scope for extra gains near term

Open interest in EUR futures markets from CME Group noted investors added around 9K contracts on Tuesday, the fifth build in a row and the largest single-day increase since...

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ECB Pres. Nominee Lagarde: ECB need not be guided by markets

Further comments are out from the European Central Bank (ECB) President Nominee Lagarde, with the key headlines noted below...

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GBP/JPY climbs further beyond 129.00 handle, fresh weekly tops

The GBP/JPY cross quickly reversed the UK services PMI-led dip and climbed to fresh weekly tops - around the 129.30 region in the last hour.

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GBP/USD: Poised to encounter the August low

According to analyst at Commerzbank, GBP/USD has eroded the 20 day ma and is now back under pressure...

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AUD/USD should continue to find buyers on dips under 0.6700 – Westpac

Analyst at Westpac, points out that the RBA statement sparked a bounce to 0.6710/15, presumably reflecting the 10% chance of a rate cut implied by money markets and language that reiterated the easing bias but offered no specific hint about when another move might come....

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EUR/USD Technical Analysis: Further selling should see 1.0839 re-tested in the near term. Rebound not ruled out on ‘oversold’ condition

EUR/USD is intensifying the leg lower today, extending the recent breakdown of the psychological support at 1.10 the figure...

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EUR/USD could drop further and test 1.0930 – UOB

Further downside to the 1.0930 region in EUR/USD is not ruled out, according to FX Strategists at UOB Group...

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GBP/USD: further downside not ruled out

FX Strategists at UOB Group noted Cable is likely to remain sidelined for the time being, although a move lower should not be discarded...

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EUR/JPY down move over?

EUR/JPY remains on the defensive very near term, its recent low at 116.42 was not confirmed by the daily RSI and we have a second 13 count and TD support at 116.36 - we therefore suspect the down move may be over for now...

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Forex Week Ahead – New Tariffs Begin on China as RBA, BOC, Riksbank and CBR have rate decisions

Labor Day will not be quiet at all, as the US-China trade war remains tense, as certain tariffs kick in and will start to weigh on the US economy. Politics will remain a focal point as some UK officials will try to stop Boris Johnson’s plan to suspend Parliament...

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China Steals Fed’s Thunder With New Round of Tariffs

The US dollar is lower across the board against major pairs at the end of a volatile Friday. The speech by Fed chair Jerome Powell at Jackson Hole was the main event in the radar before China announced it was escalating its trade war with the US...

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GBP/USD once again finds support near 1.2100 mark, turns neutral post-UK services PMI

The GBP/USD pair quickly reversed an early dip to the 1.2100 neighbourhood and rallied around 35-pips on upbeat UK macro data, albeit lacked any strong follow-through...

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EUR/USD Technical Analysis: The outlook remains bearish while below the 55-day SMA near 1.1230

EUR/USD is prolonging the bounce off YTD lows near 1.1020, re-gaining over a cent and re-focusing on a potential visit to the 21-day SMA at 1.1183 in the near term...

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Forex Today: China strikes back with yuan devaluation, yen surges, commodity currencies crash

Here is what you need to know on Monday, August 5th:

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Forex Week ahead – Focus shifts east

This week has seen the focus remain on central bank, particularly the disappointment with their ability to do what the market demands of them.Last week it was Mario Draghi and the ECB that...

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Forex Today: Fed-fueled dollar dominates, GBP/USD fears BOE's Super Thursday, and more NFP hints eyed

Here is what you need to know on Thursday, August 1st, European session...

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USD/JPY sits near 2-month tops, comfortably above 109.00 handle

As was widely expected, the Fed lowered its...

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BoE and global PMIs amongst market movers today

Bank of England (BoE) will announce its decision on policy rate at 13:00 CEST, followed by the inflation report, which could reveal above-target inflation. In line with unanimous ...

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USD/JPY: a test of 109.00 stays on the table

“Expectation for USD to edge above 109.00 yesterday did not materialize as it slipped after touching 108.94. Upward momentum has waned and the current...

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Fed: Market currently fully pricing a 25bps cut – Deutsche Bank

“The question still on investors’ minds is by how much the Fed will cut, and whether there’ll be any messages about the future path of rates going forward...

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Forex Tech Targets: GBP/USD, AUD/USD, NZD/USD -31.07.2019

While we held the view yesterday (30 Jul, spot at 1.2225) that GBP has moved into a ‘negative phase’ and that it “could trade to 1.2110”,..

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Gold holds steady near $1425 area, focus remains on FOMC/US-China trade talks

Gold struggled to capitalize on the overnight goodish up-move and traded with a mild negative bias through the early European session on Tuesday...

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BoJ: No fireworks offered

BoJ kept its monetary policy unchanged at their meeting overnight maintaining the settings on its yield curve-control program and asset purchases while also keeping its interest rate pledge the same as before...

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Forex Tech Targets: EUR/USD, GBP/USD, USD/JPY - 30.07.2019

After EUR traded within a wide range of 1.1100/1.1187 last Thursday (25 Jul), we indicated on Friday (26 Jul, spot at 1.1145) that it is “too early to tell whether EUR could move and stay below 1.1100”. ..

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EUR/GBP climbs to 2-week highs around 0.9020

The selling bias around the British Pound has gathered extra pace in the past hours and is now pushing EUR/GBP further north of the psychological 0.90 handle, or fresh 2-week highs...

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BoJ to move towards strengthening its forward guidance

The BoJ has sounded more dovish of late, highlighting downside risks from weaker external demand while keeping their options open to further easing should the economy lose momentum...

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Forex Tech Targets: GBP/USD, AUD/USD, NZD/USD -29.07.2019

The week-long ‘sideway-trading phase’ that started on (19 Jul, spot at 1.2540) has ended as GBP not only cracked the bottom of our expected 1.2400/1.2580 range last Friday (26 Jul) but also registered a fresh year-to-date (and two-year) low of 1.2377. ..

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Forex Week Ahead

The Canadian dollar fell 0.92 percent against the US dollar in the last five trading sessions. The loonie is trading at 1.3180 versus the USD after the...

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EUR/USD Technical Analysis: Looks neutral near term. A drop below 1.1100 cannot be ruled out

The pair clinched fresh 2019 lows just above the 1.1100 handle although sellers were unable to drag it lower...

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UK: Tough electoral rhetoric on Brexit - Rabobank

Rabobank analysts point out that in the UK, the Conservative party has elected Boris Johnson to be the new leader of the party and Prime Minister (PM) of the country and his first speech and cabinet appointments reflect his tough electoral rhetoric on Brexit...

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Fed: Scope for disappointment

ANZ analysts suggest that the most talked about event in financial markets in recent months, the July FOMC meeting, is the key risk event in the week ahead...

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EUR/USD Technical Analysis: Holding on above 1.1100 ahead of the ECB event

EUR/USD remains well under downside pressure after recently breaching the key contention area at 1.1181/76...

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Gold steadily climbs to session tops, back closer to $1430 area

Gold reversed an early dip during the Asian session on Thursday and climbed to fresh session tops, around the $1427 region in the last hour...

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ECB and German IFO amongst market movers today

Danske Bank analysts suggest that today's key event will be the ECB meeting as with economic data remaining lacklustre, the case for additional stimulus has strengthened...

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Gold steadily climbs to session tops, around $1425 level

Gold prices edged higher through the early European session on Wednesday and recovered a part of the previous session's slide to near one-week lows...

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GBP: Strength to be faded as we get closer to general election - ING

Like his predecessor, the new PM is likely to face an uphill battle given the divided parliament and no consensus on the shape of a Brexit deal among...

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EUR/USD drops to 2-month lows near 1.1120 on poor PMIs

The selling bias around the single currency stays everything but unabated so far today, with EUR/USD recording fresh multi-week lows in the vicinity of 1.1120...

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US Dollar Index Technical Analysis: Extra gains could now test 97.60 ahead of 97.80

Extra buying impulse should lift the index to June tops around 97.80, at shouting distance from the key barrier at 98.00 the figure...

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Forex Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - 23.07.2019

EUR could drift lower to 1.1195. Expectation for EUR to “dip below the strong 1.1200 support” did not materialize as it traded within a tight range of 1.1204/1.1225. The underlying tone still appears soft and from...

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Oil: Talk of 'Hidden' Iranian barrels, demand worries preventing jump higher - TDS

fears that weak demand will negate OPEC+ cuts, speculation that millions of Iranians barrels are about to hit the market and outsized US inventories have depressed crude oil prices recently...

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GBP/USD refreshes session lows, back below 1.2500 handle

The GBP/USD pair finally broke down of its Asian session consolidation phase and dropped to fresh session lows, around the 1.2475 region in the last hour...

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Forex Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - 22.07.2019

EUR could dip below the strong 1.1200 support but 1.1180 is unlikely to come into the picture. We highlighted last Friday that EUR “could continue to trade in a choppy manner”...

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