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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.

Sterling slides below $1.30 as Carney flags no-deal Brexit risks

Sterling fell below $1.30 to an 11-day low on Friday after Bank of England Governor Mark Carney said there was an “uncomfortably high” risk of Britain leaving the European Union without a deal.

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FOREX Tech Targets 03.08.2018: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY

The relatively large decline over the past couple of days came as a surprise. While we continue to maintain a neutral stance, the risk has shifted to the downside and the major 1.1500/10 support zone is likely to be retested (note that EUR touched 1.1506 in May and 1.1507 in June).

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Gold Review: Drops to 2-week lows, remains vulnerable to slide further

The Fed's upbeat outlook for the domestic economy, reaffirming expectations for at least two more rate hikes by the end of this year, capped the early attempted recovery move for the non-yielding yellow metal. Adding to this, a fresh wave of US Dollar upsurge prompted some fresh selling around the dollar-denominated commodity since the early European session.

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BOE rate hike not enough to lift British pound versus dollar

The U.K. central bank upped its benchmark rate by 25 basis points to 0.75% in an unexpectedly unanimous vote. While market participants had foreseen the rate increase, they assumed some dissent among the members of the Monetary Policy Committee.

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US Dollar clinches session highs near 95.00

The US Dollar Index (DXY), which gauges the buck vs. a basket of its main competitors, is extending the upside to the vicinity of the critical 95.00 milestone on Thursday.

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Euro pressured by dollar strength and subdued factory growth

The euro struggled on Wednesday as fears of an escalation in the trade dispute between the United States and China boosted the dollar and a survey showing subdued euro zone manufacturing growth in July kept investors cautious.

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UK manufacturing output slips as Brexit risks mount - ING

At 54.0, the latest UK manufacturing PMI is the lowest in three months and is a far cry from the levels seen towards the end of 2017, explains James Smith, Developed Markets Economist at ING.

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FOREX Tech Targets 01.08.2018: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB

here is not much to add as EUR touched a high of 1.1745 yesterday before easing off. As highlighted yesterday, the recent mild downward pressure has eased and EUR is expected to trade sideways for now, likely within a broad 1.1620/1.1790 range. From a longer-term perspective, EUR...

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US Dollar jumps to fresh highs near 94.50

The index advances to the mid-94.00s or fresh daily tops.DXY finds support in session lows in the 94.20/15 band. Consumer Confidence surprised to the upside in July. DXY meet extra buying pressure after US Consumer Confidence measured by the Conference Board came in above expectations at 127.4 (vs. 126.5 exp. and 127.1 prev.) for the current month.

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FOREX Tech Targets 31.07.2018: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY

EUR touched a high of 1.1719 yesterday, just one pip below the ‘key resistance’ at 1.1720. While the ‘key resistance’ is still intact, the relatively strong daily closing in NY (closed at 1.1704, +0.41%) is enough to indicate that the recent mild downward pressure has eased.

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Big week for currency markets as central banks meet

Major currencies stuck to familiar ranges on Monday as investors shied away from taking out big positions ahead of a flurry of crucial economic data and central bank monetary policy meetings this week.

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Sterling subdued as investors look ahead to rate hike decision

The pound rose on Monday but its modest gains reflected concern among investors about the currency’s prospects ahead of a widely anticipated Bank of England interest rake hike this week.

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FOREX Tech Targets 30.07.2018: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY

The sharp decline of -0.74% yesterday (largest 1-day drop in a month) was not expected. Our previous expectation for EUR to trade at a higher 1.1640/1.1850 consolidation range is not valid anymore. While downward pressure has increased, it is too early to expect the start of a bearish phase.

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FOREX Week Ahead: Dollar Mixed Ahead of Busy Week in the Market

The US dollar is mixed on Friday against major pairs. The US economy grew at a 4.1 percent pace on the second quarter according to the first estimate. The number came in right on the forecast which had no positive effect for the USD, but it did validate the U.S. Federal Reserve decision to keep a tighter monetary policy with two more rate hikes in the horizon this year.

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NZD/USD Review: Flirts with weekly lows, just above mid-0.6700s ahead of US GDP

Despite Thursday's disappointing US macro data, the USD staged a solid rebound on the back of a goodish pickup in the US Treasury bond yields and prompted some aggressive selling around the major.

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UK’s Fox warns PM May that extending Brexit talks would be a 'complete betrayal'

Theresa May should accept a no-deal Brexit over requesting more time to negotiate a deal. Suggests voters are growing impatient with how long it has taken to agree Brexit. May would suffer a major Conservative rebellion if she sought to extend talks.

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Dollar hits five-day high before U.S. GDP data

The dollar rose on Friday to its highest level in five days as investors waited to see if U.S. economic growth figures do anything to interrupt its months of strength. U.S. President Donald Trump has expressed displeasure over the dollar’s strength, ignoring a custom that U.S. leaders avoid openly interfering in financial markets.

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FOREX Tech Targets 27.07.2018 : EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY

The sharp decline of -0.74% yesterday (largest 1-day drop in a month) was not expected. Our previous expectation for EUR to trade at a higher 1.1640/1.1850 consolidation range is not valid anymore.

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USD/CAD extends higher toward 1.31 as greenback continues to gather strength

The USD/CAD pair broke above its daily range in the early trading hours of the American session on the back of a stronger greenback. At the moment, the pair was trading at 1.3080, adding 35 pips, or 0.26%, on the day.

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UK: Economy guided by the political developments - Westpac

Critical will be the responses of both EU and regional Tory delegates to the selling of the latest Brexit (exit) proposals and May’s visions of UK relationships with EU post-Brexit. If the responses are positive, May’s leadership will strengthen as will the potential for productive negotiations.

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Gold slips, remains near lowest levels in a year

Gold for August delivery on Comex GCQ8, -0.15% fell $3.70, or 0.3%, at $1,227.90 an ounce. Prices had settled at $1,224 as recently as Thursday, the lowest for a most-active contract in about a year. September silver SIU8, +0.10%fell 3 cents, or 0.2%, to $15.560 an ounce.

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Treasury rates climb ahead of ECB policy update, and as trade tensions cool

U.S. government bond rates early Thursday advanced as fixed-income investors awaited the latest policy update from the European Central Bank, which could affect Treasurys. Bond investors also awaited a string of economic reports, including on the labor market and international trade.

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Gold Review: Drops to fresh session low, now seems vulnerable

After an initial uptick to $1235 area, gold met with some fresh supply and has now eroded a part of gains recorded in the previous session.

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Sterling weakens despite Bank of England rate hike prospects

The pound struggled to gain ground against the dollar and the euro on Thursday due to mounting uncertainty over Brexit even as investors strengthened bets on a Bank of England interest rate hike next week.

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Euro edges up ahead of Trump-Juncker talks

The euro edged higher on Wednesday ahead of a meeting between U.S. President Donald Trump and European Commission President Jean-Claude Juncker but gains were limited with investors cautious about a trade rift between the two powers.

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Gold rises above $1230 as US Dollar loses traction

The US Dollar Index, which stayed relatively quiet and closed flat on Tuesday, hung out near mid-94s for the majority of the day and came under a modest selling pressure ahead of the low-tier macroeconomic data releases from the United States.

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Germany: IFO Business Climate index ticked lower to 101.7 in July - TDS

Analysts at TD Securities note that the German IFO Business Climate index ticked lower to 101.7 in July, splitting the difference between this month's softer ZEW and better-than-expected PMIs.

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GBP/USD bounces-back towards weekly tops near 1.3170

The retreat from weekly tops can be mainly attributed to a bout of risk-aversion that gripped the European markets, with markets turning cautious heading into the crucial trade talks arranged between the US President Trump and European Commission President Juncker later on Wednesday.

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AUD/USD poised for a visit to 0.7476/84 – Commerzbank

AUD/USD recently sold off to, tested and bounced off the .7310/15 recent lows. The strong rebound from here implies a reluctance to break down further currently and we are going to have to neutralise our view for now

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Euro edges up ahead of Trump-Juncker talks

The euro edged higher on Wednesday ahead of a meeting between U.S. President Donald Trump and European Commission President Jean-Claude Juncker but gains were limited with investors cautious about a trade rift between the two powers.

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Gold's recovery loses steam ahead of $1230 as Wall Street records large gains

After dropping to a 2-day low at $1218, the XAU/USD pair took advantage of the broad-based USD weakness and gained traction to turn positive on the day. However, an improved market sentiment in the early NA session capped the pair's upside and it was last seen trading at $1229, where it was up $4.5, or 0.4%, on the day.

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Breaking News: UK PM May to take control of Brexit negotiations

British Prime Minister Theresa May recently crossed the wires saying that she would take control of Brexit negotiations and relegate the government's Brexit department, as reported by Bloomberg.

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Euro rebounds as PMI data helps; bitcoin hits $8,000

The euro headed towards a two-week high on Tuesday after surveys showed eurozone business growth remained robust, although fears of a trade war with the United States kept the single currency trapped in narrow ranges.

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USD/JPY scope for a test of 110.25 – UOB

While the expectation was not wrong, the subsequent sharp and rapid rebound from a low of 110.74 came as a surprise. At this stage, the bounce is viewed as part of a correction even though there is scope for a test of the strong 111.80 resistance.

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GBP/USD retakes 1.3100 mark and beyond, but lacks follow-through

The latest leg of a sharp spike over the past hour or so lacked any obvious catalyst and could be solely attributed to a modest US Dollar retracement. The greenback struggled to build on overnight up-move and was seen as one of the key factors driving the pair higher.

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Sterling falls to three-week low against yen, struggles vs dollar

Sterling fell to a three-week low against a resurgent yen on Monday after the Japanese currency received a boost from reports that the central bank was contemplating scaling back its stimulus.

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Gold edges lower toward $1225 as DXY sticks to small gains

After making a decisive recovery on Friday and closing the week near $1230, the XAU/USD pair struggled to extend its gains amid a relatively subdues trading action. With the greenback gathering some strength in the early NA session, the pair started erasing Friday's upside and was last seen at $1225, losing around $7, or 0.6% on the day.

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AUD/USD extends losses, slips below 0.74 in the early NA trading

Although it looked like it was able to find support near the 0.74 handle earlier in the day, the AUD/USD pair came under a renewed selling pressure in the last hour to drop to a fresh daily low at 0.7382. As of writing, the pair was trading a couple of pips above that level, losing 0.5% on the day.

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DAX under pressure after Trump threatens currency war

President Trump made waves on Friday, after attacking the Federal Reserve’s monetary policy and also taking shots at the EU. Trump criticized the EU and China for manipulating their currencies and keeping interest rates lower.

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Japanese yen stands tall on policy stimulus unwind bets

Also pushing the yen up were comments by U.S. President Donald Trump on Friday criticizing the greenback’s strength, which in turn hit the Japanese stock markets and triggered a further unwinding of short yen positions.

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China markets gyrate as yuan hits one-year lows

China’s yuan rebounded from more than one-year lows against the dollar on Friday afternoon, driven up on suspected dollar sales by major state banks to prop up a currency that has been hit by a bitter Sino-U.S. trade conflict.

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Market Events Ahead

Market events to watch this week

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Forex Week Ahead: Dollar Rally Ends With Trump Monetary Policy and Currency War Comments

The USD fell against major pairs on Friday after US President Donald Trump tweeted that China and the EU manipulate their currency. Trade war escalation has reached a second phase at a time when American politics are having an identity crisis with the ongoing Russian interference during the 2016 elections.

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GBP futures: probable consolidation near term

CME Group’s advanced data for GBP futures markets noted open interest rose by almost 5K contracts on Thursday vs. Wednesday’s final 196,891 contracts. In the same direction, volume increased by around 10.3K contracts.

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Canada: Inflation Hit Six-Year-Plus High

This month’s year-over-year CPI increase follows a year of gradual acceleration in consumer price inflation, from a recent low of 1.0% year over year in June 2017. This trend reflects increases in prices for gasoline and food purchased from restaurants, as well as offsetting factors such as lower price inflation for electricity and telephone services.

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JPY: Upcoming BoJ meeting likely to have negative impact - Nomura

Analysts at Nomura suggest that the next BOJ meeting on 30-31 July represents interesting event risk for Japan trading and fundamentally, they believe the meeting will be negative for JPY in the medium term.

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The Times: UK to warn public every week over 'no-deal Brexit' - Reuters

The Times carried a story on Friday, citing that the Britons will from next week start receiving weekly information bulletins from the UK government about how to ensure they’re ready for a disorderly Brexit, Reuters reports.

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CNY: Taking a beating - Rabobank

As a result, at time of writing CNH had tested past 6.8350 and was trading at 6.8183. That is through the line in the sand I had thought the PBOC would set before they seemed to set 6.70. Now perhaps we don’t have any lines or any sand at all.

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EUR/JPY Technical Analysis: stays downside corrective after failing at the 200-day SMA near 132.00.

The bullish tone in the cross is poised to remain unchanged while above the daily cloud and June’s tops in the 130.40 region. This area appears reinforced by the short-term support line and the top of the cloud in the 128.80 region.

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USD/CAD – Canadian dollar slides on soft employment report

The Canadian dollar has posted considerable losses in the Thursday session. Currently, USD/CAD is trading at 1.3266, up 0.73% on the day. On the release front, Canadian ADP Nonfarm Employment Change plunged, posting a reading of -10.5 thousand. This was the first decline of 2018. In the U.S, manufacturing and employment data were better than expected.

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Gold tumbles, poised for lowest close in more than year as dollar, rates rise

The slump for gold has mounted as the Dow Jones Industrial AverageDJIA, +0.32% and the S&P 500 index SPX, +0.22% have mostly been in a recent uptrend in recent weeks, with the Dow marking its fifth straight winning sessionon Wednesday before a sluggish turn early Thursday. Gold tends to fall as stocks climb because it is viewed as an asset that appeals to investors in times of uncertainty and fear.

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AUD/USD hammered down mid-0.7300s, closer to over 2-week lows

The pair once again failed to make it through the 0.7440 supply zone and the initial leg of retracement slide was triggered by resurgent US Dollar demand, which continued benefitting from upbeat economy outlooks from the Fed Chair Jerome Powell and the central bank’s Beige Book report.

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FTSE 100 holds steady as traders focus on retail sales data

Focus is on the retail sales report for June and what it could mean for the path of interest rates. Economists expect sales to have gone up 0.3% month-on-month, pulling back from growth of 1.3% in May.

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Dollar higher after Powell deflects trade concerns

The dollar rose on Tuesday as Federal Reserve Chairman Jerome Powell provided an upbeat assessment on the U.S. economy while downplaying the impact of current global trade policy discussions on the outlook for further monetary tightening.

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China’s ForeignMin: Trade war is the biggest 'confidence killer' for the global economy

Reuters reports comments from the Chinese Foreign Ministry on the US-China trade war, with the key headlines found below. The trade war has become the biggest 'confidence killer' for the global economy. The US is fabricating all kinds of excuses on trade, including the excuse of national security.

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Sterling extends its fall as Brexit worries mount

Sterling fell in early European trading on Wednesday as worries about British Prime Minister Theresa May’s ability to push through her Brexit plans and a rallying dollar further hit the pound.

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Dollar index sputters ahead of Fed’s Powell testimony

Sterling, meanwhile, firmed but held near eight-month lows on Tuesday as it suffered amid a growing rift within Prime Minister Theresa May’s Conservative Party over Brexit. With less than nine months to go until the U.K. leaves the European Union, the pressure is on to chart the course for trade, financial transactions and more, and is posing a fresh headwind for the pound.

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UK: Latest data points to a rebound in Q2 GDP after a lacklustre Q1 - RBS

Analysts at RBS point out that UK GDP grew by 0.3% between April and May, strong enough to lift the three-monthly growth rate from nothing to 0.2% and as a result of that even after very moderate growth in June, which seems likely, and the UK will match its post-2000 average of 0.4% in Q2.

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EUR/USD recedes from tops near 1.1750 ahead of Powell

The pair’s buying bias stays well and sound so far today, although spot met a strong resistance area in the mid-1.1700s. The 55-day sma, the base of the daily cloud and a retracement of the April-May descent reinforce this hurdle.

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Opinion: Buying gold now would only weigh down your investment portfolio

The sentiment picture is even less encouraging today. With gold down another $15 since that late-June column, we’d otherwise expect the average recommended gold exposure level to be even lower than minus 13%. That’s because the normal pattern is for market timers to become more- and less bullish along with the market’s rallies and declines. That the average market timer did not behave in this way suggests there is a strong undercurrent of stubbornly held bullishness in the gold market.

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Dollar slips ahead of Fed testimony

The dollar edged down on Tuesday ahead of congressional testimony by Federal Reserve Chairman Jerome Powell which traders will scrutinise for clues on the pace of U.S. interest rate rises and risks emanating from trade conflicts.

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Canada: Housing sales figures to be little changed - TDS

Canada’s regional housing surveys were mixed, but analysts at TD Securities are looking for the national housing sales figures (originally scheduled for release on Friday) to be little changed between May and June.

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GBP/USD Technical Analysis: Cable quietly gaining ground currently supported at 1.3250 level

GBP/USD Technical Analysis: Cable quietly gaining ground currently supported at 1.3250 level GBP/USD is currently in a 40-pip pullback from the daily high established at 1.3293. GBP/USD is attempting to find support near 1.3250 close to the bullish trendline and the 50-period simple moving average. Bulls targets are the 1.3300 figure and 1.3363, last week’s high. If 1.3250 fails to hold prices the pullback might extend towards 1.3225 intraday swing low and 1.3200 figure.

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The stock market is about to set a bearish record

Should the two primary market gauges stay in correction through the close of trading on Monday, that will mean they are in their longest such stretch since 1984. In that stretch, it took the S&P 122 days to emerge from correction territory, and the Dow 123 days, according to the WSJ Market Data Group.

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European stocks slip on China growth concerns, but Deutsche Bank leaps

European stocks had a sluggish start as trading got underway, as mining stocks were dragged down after data showed China’s gross domestic product slowed slightly in the second quarter. The Stoxx Europe 600 Basic Resources IndexSXPP, -0.58% fell 0.5%.

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Gold clings to modest recovery gains, above $1240 level

In the meantime, traders will look forward to the release of US monthly retail sales data, a key highlight from today's economic docket, in order to grab some short-term opportunities. A follow-through up-move beyond $1247 area is likely to lift the commodity back towards $1252-53 supply zone en-route the next major hurdle near the $1258 region. On the flip side, $1240 level might protect the immediate downside, which if broken might drag the metal further towards 200-week SMA support near the $1234 region.

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Dollar gains fade on China-EU summit, U.S. data eyed

The dollar eased a bit against most major currencies on positive trade talks between China and the European Union although softer economic data from China and Beijing’s escalating trade war with the United States tempered the enthusiasm. Chinese Premier Li Keqiang said on Monday the country will raise its market access and reduce tariff rates as it seeks more balanced trade with the European Union.

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FOREX Week Ahead:Trade War and Trump European Trip Boost US Dollar

The US dollar was higher across the board against major pairs on Friday. Trade war concerns rose heading into the weekend and the comments from US President Donald Trump during the week sparked a rally of USD buying. Trump has been outspoken on NATO, trade and the Brexit deal while...

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GBP/USD rebounds from near 2-week lows, back closer to 1.3200 handle

The pair managed to find decent support near monthly lows, set on July 2 and was supported by comments from BoE Cunliffe, saying that softer Q1 activity was driven by poor weather and the growth path remains broadly intact.

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QE drove JPY from 2012 to 2016 - AmpGFX

In 2016, the market began to run into fatigue on BoJ QE policy, doubting that it was working to generate inflation, and predicting that the Japanese government and BoJ would lose patience with its perpetual soaking up of JGBs. It seemed as if the BoJ was out of bullets and it proved reluctant to further expand its QE asset purchases even as USD/JPY fell.

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NZD/USD scope to test 0.6675 – UOB

The support at 0.6750 highlighted yesterday was slightly breached as NZD touched a low of 0.6748 before rebounding. Downward pressure has eased with the recovery and the current movement is viewed as part of a consolidation phase. In other words, NZD is expected to trade sideways for today, likely within a 0.6750/0.6805 range

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U.S. stock futures on pause with big bank earnings in focus

Traders appeared to be hesitant to continue Thursday’s rally, when markets rose on signs that Washington and Beijing are willing to resume trade talks, which could end in a bilateral agreement and avoid a trade war.

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Euro falls as rate expectations, trade tensions boost dollar

The euro fell to a eight-day low on Friday as U.S. inflation numbers boosted interest rate expectations and an easing in trade tensions between the United States and China supported the dollar.

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FOREX Tech Targets 13.07.2018: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB

There is not much to add as EUR traded within a relatively narrow range yesterday and ended the day unchanged (closed at 1.1671 in NY, 0.00%). The neutral phase that started last month remains intact and for the next one week or so, we continue to expect EUR to trade sideways, likely between 1.1590 and 1.1760.

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Gold eyes $1250 as USD weakness fuels recovery

The XAU/USD pair spent the first half of the day fluctuating in a relatively tight range amid a lack of fresh catalysts. At the beginning of the NA session, however, the pair gained traction following the macroeconomic data releases from the United States and touched a new session high at $1247.65. As of writing, the pair was up $5 on the day at $1246.15.

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Sterling edges up ahead of UK Brexit blueprint

The pound rose on Thursday as traders bet that a Brexit white paper policy document could help restart negotiations on trade between the European Union and Britain for when it leaves the bloc next March.

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Trump reaffirms commitment to NATO after strained emergency meeting

President Donald Trump said U.S. commitment to NATO is “very strong” and “we have a very powerful NATO” after a heated meeting of allied leaders in which he demanded members immediately meet the 2% military-spending target set for 2024, according to diplomats and people familiar with the matter.

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Gold clings to modest recovery gains ahead of US CPI

The incoming US economic data, with the latest PPI print showing that wholesale prices rose at the fastest yearly rate in almost seven years, reaffirmed expectations that the Fed would hike interest rates at least two more times in 2018 and prompted some aggressive selling around the non-yielding yellow metal on Wednesday.

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EUR futures: further downside not ruled out

According to CME Group’s preliminary figures for EUR futures markets, open interest increased moderately by almost 21.7K contracts on Wednesday from Tuesday’s final 477,596. Volume followed suit, up significantly by around 74.5K contracts.

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BoE Credit Conditions Survey Report: Default rates on unsecured lending rose in Q2

Below are some of the key results from the BoE's Credit Conditions Survey report, released this Thursday. Q3 default rates for lenders of unsecured loans seen up again. Demand for consumer lending is expected to rise in the next 3 months, supply to fall slightly.

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Asian stocks slump after U.S. announces $200 billion in new tariffs on China

Benchmark 3-month copper futures in London hit their lowest in nearly a year, before recovering slightly. The metal is used in manufacturing and construction, which makes it sensitive to economic conditions.

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USD/CAD – Canadian dollar dips, BoC rate decision looms

The Canadian dollar has posted slight losses in the Wednesday session. Currently, USD/CAD is trading at 1.3154, up 0.31% on the day. On the release front, In the U.S, the focus is on inflation reports, with PPI and Core PPI both expected to soften to 0.2%. The Bank of Canada will set the benchmark rate and release a rate statement. On Thursday, Canada publishes New Housing Price Index.

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China Govt to state media - keep calm, don't inflame trade row with US - Reuters

Reuters quotes sources within the Chinese state media, citing that the Chinese government has issued strict rules limiting the coverage on the US-China trade war. The Govt is worried that unrestrained reporting could spark instability or roil its already jittery financial markets.

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Gold holds weaker near one-week lows, around $1250 level

Currently trading around the $1251 region, the commodity has lost over 1% from near two-week tops touched on Monday and seemed unaffected by reviving safe-haven demand led by escalating US-China trade tensions.

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Dollar strengthens against yen, EM rallies as trade fears wane

The U.S. dollar rose to near a six-month high against the safe-haven Japanese yen on Tuesday and emerging market currencies like the Mexican peso, Brazilian real and Russian rouble also rose as global economic momentum appeared so far unscathed by trade tensions, prompting investors to buy riskier assets.

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FOREX tech targets EUR/USD sidelined around 1.1730 amidst risk-off trade

The selling bias prevails around the European currency on Wednesday and is now motivating EUR/USD to extend the sideline theme in the low-1.1700s. EUR/USD looks to trade, ECB-speak. The pair is down for the second day in a row, extending the rejection from Monday’s tops in the boundaries of 1.1800 the figure against the backdrop of increasing concerns over the US-China trade war.

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Gold rebounds sharply from 1-week lows; will it sustain?

This coupled with positive trading sentiment around European equity markets, pointing to improving risk appetite, further dented the precious metal's safe-haven appeal. The risk-on mood was reinforced by an uptick in the US Treasury bond yields, which exerted some additional downward pressure on the non-yielding yellow metal.

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Trump Today: President says ‘up to the people’ whether Theresa May should be replaced as he praises her rival

Speaking to reporters before boarding Marine One, Trump said the U.K. political situation was one with turmoil. Several ministers, notably Foreign Minister Boris Johnson, quit over a disagreement on how the country should leave the European Union after Prime Minister Theresa May had appeared to unite sparring factionsover the Brexit plan late last week.

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DAX gains ground as trade tensions ease

The DAX index has posted gains in the Tuesday session. Currently, the DAX is at 12,602, up 0.47% on the day. On the release front, On the release front, German ZEW Economic Sentiment dropped to -24.7, a sharper drop than expected. The forecast stood at -17.9 points. Eurozone ZEW Economic Sentiment followed a similar trend, dropping to -18.7 points. This reading was weaker than the estimate of -13.2 points.

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FOREX Tech Targets: 10.07.2018 EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB

We highlighted yesterday that the outlook for EUR is ‘positive’ and were of the view that a “break of 1.1790 could lead to rapid rise to 1.1850”. The 1.1790 resistance was subsequently ‘tested’ but held (high of 1.1790 during NY hours). From here, it is too early to rule out another attempt to crack 1.1790 and only a move back below the ‘key support’ at 1.1680 (level previously at 1.1665) would indicate that a temporary top is in place.

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Dow set to catch its breath after racking up 320-point rally

The blue-chip gauge turned positive for the year on Monday, flipping to a 0.2% gain, while the S&P and tech-laden Nasdaq have advanced b 4.1% and 12%, respectively, as of Monday’s close.

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Gold Technical Analysis: The recent recovery move already seems to have run out of steam

The precious metal extended overnight retracement slide from two-week lows and was weighed down by a combination of negative factors - a goodish pickup in the USD demand and fading safe-haven demand.

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EUR/USD: bulls tire and daily cloud base, (1.1737), under threat

EUR/USD gave up the pre-North America games falling below the 21-hr SMA at 1.760, where previously, EUR/USD has made a London session high of 1.1790. The single unit has scored a session low of 1.1740.

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Gold tries for best levels in 2 weeks after the dollar’s recent retreat

Gold futures prices climbed Monday, with the recent retreat in the U.S. dollar helping to put the metal on track to notch its strongest level in roughly two weeks, as investors tested key chart territory for bruised bullion.

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GBP/USD plummets to lows near 1.3240 as B.Johnson resigns

The British Pound is now trading into the negative territory at the Cable tumbles to lows at 1.3240 after Johnson quits.Sterling suffers after D.Davis,B.Johnson resign.

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GBP/USD heading back towards 1.3300 amid UK political woes

The GBP/USD pair stalled the Asian rally near 1.3360 and reversed nearly 30-pips in Europe, now heading back towards the 1.3300 demand zone, as markets digest the latest UK political headlines.

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Dollar sags after soft U.S. wages data, Brexit woes weigh on pound

The dollar struggled near 3-1/2-week lows against its peers on Monday after U.S. jobs data showed slower-than-expected wage growth, while the pound retreated as a key member of Britain’s cabinet resigned over Prime Minister Theresa May’s Brexit plan.

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FOREXTech Targets 09.07.2018: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB

We highlighted last Friday (06 Jul, spot at 1.1690) that the “undertone for EUR has improved further” and there is “scope for a move to 1.1750 within the next few days”. EUR subsequently took out 1.1750 with ease and the strong and rapid up-move suggests that further EUR strength is likely in the coming days

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Forex Week Ahead: Trade Uncertainty Hits Dollar’s Confidence

The US dollar fell against major pairs on Friday despite a strong June jobs report due to the impending start of tariffs against Chinese goods and the retaliation from the Asian nation on US exports. The US economy added 213,000 jobs and wages rose 0.2 percent but...

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AUD/USD fades the NFP-led spike, returns to 0.7420 area

Today's crucial employment data from the United States showed that nonfarm payrolls grew by 213K in June to surpass the market expectation of 195K. However, amid a surprise increase in the labor force participation rate, the unemployment rate rose to 4%. More importantly, the wage inflation stayed unchanged at 2.7% on a yearly basis to miss the experts' estimate of 2.8%.

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