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

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UPCOMING FOREX NEWS EVENTS
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USD/JPY recedes from tops, around 111.30 ahed of Fedspeak

The rally in the greenback continues to support the up move in USD/JPY, this time climbing to the 111.40 zone, or fresh 4-month peaks. Spot is so far advancing for the ninth consecutive week, gaining almost 7% since yearly lows in the mid-104.00s recorded in late March and...

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Sterling falls as dollar climbs, EU customs union concerns weigh

The British pound fell on Friday as the U.S. dollar resumed its rally, with confusion about whether Britain would stay in the European Union’s customs union after it leaves the bloc also weighing on the currency. Prime Minister Theresa May said on Thursday Britain would leave the EU customs union after...

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Forex Today: US dollar cheers Asia risk-on, holiday-thinned trading to extend

Easing tensions over the US-China trade dispute boosted the appetite for risk assets across the financial markets in Asia at the start of a brand new week. Across the fx board, the US dollar extended its upsurge and posted fresh five-month highs versus its main competitors.

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Market Events Ahead

Market events to watch this week

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Dollar Rises Amid Italian Coalition and China-US Trade Uncertainty

The EUR/USD lost 1.34 percent in the last five days. The single currency is trading at 1.1778 with a resurgent USD and an EUR caught in political drama. The U.S. Federal Reserve is on its way for a rate hike in June and in contrast the European Central Bank (ECB) has not made it clear what the plan is after September when the quantitive easing will end.

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USD/JPY fades 111.00 handle in tandem with US yields

The USD/JPY currency pair is trading at around 110.68 down 0.07% on Friday.

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GBP/USD challenges 2-week old trading range support near mid-1.3400s

The GBP/USD pair extended its steady decline from an intraday high level of 1.3528 and is currently placed just above over 2-week old trading range support.

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EUR/USD tumbles further to 1.1750, fresh 2018 lows

The downside momentum around the shared currency is gathering further traction today and is dragging EUR/USD to record fresh lows in the mid-1.1700s.

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EUR/GBP clings to strong recovery gains, but lacks follow through

Today's up-move could be attributed to easing bearish pressure surrounding the shared currency and the latest positive political development in Italy, which ended the impending political deadlock in...

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

After edging below the January’s low of 1.3458 on Tuesday (15 May), GBP has been unable to make much headway on the downside. The lack of a follow-through and the subsequent sideway trading has resulted in a...

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Forex Today: Yen hit a four-month low in Asia as T-yields kept climbing, risk-on likely in Europe

The argument has merit as the AUD/JPY pair, which is widely considered as a risk barometer, rose to 83.40 in Asia - the highest level since April 19. It seems the markets have taken heart from the reports stating that China has...

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Gold unable to recover as USD remains strong supported by yields

Gold printed a fresh 2018 low earlier today at $1,285.10/oz and then bounced modestly to the upside.

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AUD/USD bears struggle to push it through 0.75 handle

The AUD/USD pair extended its steady decline from an intraday high level of 0.7548 and momentarily dipped below the key 0.75 psychological mark in the last hour, albeit quickly recovered few pips thereafter.

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USD/JPY continues to move higher, inching closer to 111.00 mark

The USD/JPY pair maintained its strong bid tone through the early NA session and refreshed multi-month tops post-US data.

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Euro slips on Italian political risk and U.S. bond yield rise

The euro hovered near five-month lows on Thursday as investors fretted about the demands of Italian populist parties and as a fresh rise in U.S. government bond yields underpinned demand for the dollar.The euro laboured close to the $1.18 mark at $1.1795 and down 0.1 percent on the day, slightly above...

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

We highlighted yesterday (16 May, 1.1830) that the “immediate pressure is on the downside” and added, “further weakness to 1.1750 would not be surprising”. EUR subsequently hit a low of 1.1761 before rebounding. The price action reinforces our view wherein while the near-term outlook for EUR is negative, any weakness is unlikely to have enough momentum to...

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Forex Today: Sterling strongest in Asia on Brexit news, a quiet session ahead

Today’s macro calendar remains relatively quiet in Europe, as no first-tier economic data is lined up for release. Hence, the focus will remain on the speech by the...

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NZD/USD counter-move to 0.6900 as the US Dollar is taking a break

The NZD/USD pair is trading at around 0.6900 up 0.55% on Wednesday.

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USD/CAD stays rangebound near term – Scotiabank

FX Strategists at Scotiabank expect the pair to continue within the recent sideline theme in the near term.

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EUR/USD tumbles to fresh 2018 lows near 1.1760

The robust pace of the greenback is now forcing EUR/USD to trade in the 1.1770/60 band, fresh multi-month lows.

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Dollar nears five-month high on bond yield surge, euro unfazed by Italy

The dollar held firm near a five-month high on Wednesday helped by gains in long-term U.S. Treasury yields, while the euro shrugged off reports that a possible future Italian government would seek debt forgiveness from the European Central Bank.

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

We shifted from a bearish to a neutral stance on Monday (14 May, spot at 1.1950) and held the view that EUR has moved into a 1.1850/1.2050 consolidation range. The sharp and rapid decline yesterday that took out last week’s 1.1821 low was not exactly expected. However, we believe it is premature to...

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Forex Today: Safe-havens bid in Asia on N. Korea news, Eurozone CPI, Draghi’s speech eyed

The Yen, therefore, attempted a minor bounce versus its American rival, despite a weaker Japanese GDP print, and traded near 110.25 levels. The Aussie traded on the back foot amid risk-aversion and softer Australian wages data. However, the Kiwi ditched its OZ counterpart and...

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GBP/USD bulls reclaim the 1.3500 handle amid USD profit-taking

The GBP/USD is trading at around 1.3511 down 0.33% on Tuesday’s trading.

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EUR/USD bounces off fresh 2018 lows around 1.1820

The acceleration of the upside in the buck dragged EUR/USD to clinch fresh YTD lows around 1.1820, albeit gaining some attention afterwards.

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AUD/USD bears back in control, hammered down to mid-0.7400s

The AUD/USD pair remained heavily offered on Tuesday and tumbled back below the 0.7500 handle during the early NA session.

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Sterling recovers losses after UK employment jump

Sterling edged up against the dollar on Tuesday after data showed UK employment jumped although wage growth has yet to rise sharply, a development analysts said was unlikely to alter the immediate outlook for Bank of England interest rate rises.

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

May (spot at 1.3570) that while the outlook for GBP is still deemed as bearish, the odds for further weakness to the year-to-date low of 1.3458 are not high. Since then, GBP traded mostly sideways before dipping to a low of 1.3460 last Thursday (10 May). The subsequent rapid bounce from the...

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Forex Today: Aussie slips post-China data dump, UK earnings, Eurozone GDP on tap

We have plenty of event risks, as we head into early Europe, with the German prelim GDP data to be reported at 0600 GMT while the Swiss PPI will be released at the European open. The main focus will be on the UK labor markets, with the key earnings data to...

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NZD/USD under pressure below 0.6940 ahead of Chinese data

The NZD/USD is trading at around 0.6930 down 0.52% on Monday.

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WTI testing daily highs around $71.00

The West Texas Intermediate is trading on a firm note at the beginning of the week after two consecutive daily declines, coming down from last week’s YTD peaks in the...

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USD/JPY clings to daily gains near mid-109.00s but lacks follow-through

Even the prevalent mixed sentiment around equity markets, which tends to underpin the Japanese Yen's safe-haven demand, did little to prompt any fresh selling, albeit now seems to...

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Euro extends gains as dollar rally loses steam

The euro headed for a third successive day of gains on Monday as a weak dollar helped the single currency recoup losses, as investors kept a wary eye on political events in Italy.Italy’s anti-establishment 5-Star Movement and the far-right League, both hostile to EU budget rules, spent the weekend in talks to forge a common policy programme.

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FOREX Tech Targets 14.05.2018: EUR/USD, AUD/USD, NZD/USD, USD/JPY - UOB

In last Friday’s update (11 May, spot at 1.1920), we highlighted “the diminished odds for further EUR weakness” and the subsequent break of 1.1960 confirms that the bearish phase that started earlier this month has ended. The outlook for EUR is deemed as neutral now and...

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Forex Today: Aussie outperforms in Asia, a light calendar ahead

The US dollar started the week on the back foot across the board, which emerged the main underlying theme in Asia this Monday, helping most majors recover some ground, as Treasury yields sagged. The Aussie emerged the strongest while the Kiwi traded better offered...

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Market Events Ahead

Market Events Ahead

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Dollar Ends Rally Awaiting US Retail Sales Data

The EUR/USD lost 0.08 percent in the last five days. The single currency is trading at 1.1950 as the USD depreciated as investors closed their long dollar positions. European Central Bank (ECB) President has stated that there are concerns about European growth, which could translate into...

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USD/CAD stabilizing below 1.2800 handle after 70-pip boost

The USD/CAD is trading at around 1.2786 up 0.18% on Friday.

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EUR/JPY above 130.50 post-Draghi speech

The EUR/JPY is trading at around 130.60 up 0.20% as Mario Draghi, President of the European Central Bank just delivered a speech in Florence at the 8th edition of The State of the Union which is organized by the European University Institute.

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USD/JPY: Side of caution - Westpac

Robert Rennie, Research Analyst at Westpac, explains that they have shifted back to a neutral stance on the basis of firstly that the US$ had come a long way in a short period of time and that a number of technical objectives were close to being achieved e.g. 50% retracement of 114.73 November high to 104.56 March low coming in at 109.73.

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Sterling headed for fourth successive weekly decline after BoE holds rates

Sterling on Friday headed for its fourth successive weekly decline versus the dollar, in what would be a first for the currency since 2015, after the Bank of England held rates and cut its economic growth projections.The pound fell sharply after the BoE on Thursday held...

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

No change in view.In the latest update on Tuesday (08 May, spot at 1.3560), we left off with the view that the outlook for GBP is “still bearish but odds for further weakness to 1.3458 are not high”. GBP subsequently traded sideways and...

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Forex Today: US dollar consolidates in Asia, a light session ahead

The USD/JPY pair hovered near the midpoint of the 109 handle while the Aussie traded well above the 0.75 handle. Meanwhile, the NZD/USD pair found some support from...

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GBP/USD at risk of additional weakness - Scotiabank

Analysts at Scotiabank explained recent data events, BoE and call for a lower pound.

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EUR/USD fades US CPI-led bullish spike, back below 1.1900 handle

The EUR/USD pair trimmed some of its post-US CPI strong gains and quickly retreated over 50-pips from multi-day tops.

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FOREX Tech Targets 10.05.2018: EUR/USD, AUD/USD, NZD/USD, USD/JPY - UOB

In the latest update on Tuesday (08 May, spot at 1.1925), we left off with the view that EUR has to “stay below 1.1910/15 or the risk of a short-term low would increase quickly”.

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EUR/GBP sticks to daily gains post-UK data, BoE in focus

The British Pound's relative underperformance against its European counterpart could further be attributed to the latest mixed UK macro releases, showing manufacturing output fell by -0.1% and...

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Gold consolidates in a range above $1310, US CPI awaited

Gold struggled to build on overnight rebound from the very important 200-day SMA region and was now seen oscillating in a...

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Forex Today: Kiwi dumped on dovish RBNZ, UK data, Bank of England Super Thursday eyed

The French, Swiss and German markets are closed today in observance of Ascension Day, leaving the focus on the UK docket, with a slew of macro news slated for release all at once at 0830 GMT. The UK industrial and manufacturing production data will be...

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USD/JPY: eyes on a break of 110 handle resistance to open 112 territories

USD/JPY has popped the resistance of 109.30/40 and did so overnight in Tokyo, climbing to as high as 109.63 by the close of the opening hour.

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EUR/USD could see gains extended to 1.2000/50

FX Strategists at Scotiabank noted the pair could attempt a rebound to the area beyond the 1.2000 handle.

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GBP/USD bulls challenge the 1.3600 handle as US Dollar retreats from highs

The GBP/USD is trading at around 1.3593 up 0.34% on Wednesday as investors are slowly unwinding their short GBP/USD positions ahead of the Bank of England rate decision and quarterly Inflation Report on Thursday.

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USD/JPY hits fresh session tops, inching closer to 110.00 mark

The pair built on its Asian session up-move from the 109.00 handle and was further supported by a goodish pickup in the European equity markets, which was seen weighing on the...

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US Dollar extends the rally above 93.00

The greenback, tracked by the US Dollar Index (DXY), is prolonging the upside after recently breaking the key barrier at 93.00 the figure.The index advances for the fourth consecutive session today, extending the recent breakout of the 93.00 handle and...

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Forex Today: Oil and US dollar cheer Iran deal fallout, focus shifts to US PPI

The Japanese Yen was the weakest in Asia across the fx board today, as broad-based US dollar strength remained the underlying theme following Trump’s decision to pull out the US from Iran’s nuclear deal. Both crude benchmarks also benefited from the Iran deal fallout, having helped limit the...

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AUD/USD catches a bounce as DXYU tails off

AUD/USD spiked up towards the hourly 10-SMA while the dollar comes off a little from highs on the 93 handle at 93.2800.

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EUR/USD tumbles further, scope for a test of 1.1800

The greenback keeps marching north on Tuesday and is now relegating EUR/USD to trade in the 1.1840 region, levels last seen in late December.

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EUR/JPY bounces off lows, regains 129.50

The softer tone around the European currency is dragging EUR/JPY to record fresh multi-week lows in the 129.20 region, just to rebound a tad afterwards.

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EUR/USD tumbles to fresh 2018 lows near 1.1880

The selling pressure around the single currency is accelerating on Tuesday following the recent breakout of key up barriers by the US Dollar Index. In fact, the buck moved higher today, surpassing the 93.00 milestone and dragging lower the pair and...

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Forex Today: Aussie hit by poor Australian retail sales, Powell, Trump speech eyed

Forex today was driven by the fundamentals released from the Asia-pac economies, with the Aussie worst hit by the disappointing Australian retail sales releases, which overshadowed stronger Chinese trade figures. The Kiwi too followed suit and remained better offered amid a...

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NZD/USD range intact amid USD profit-taking

The NZD/USD is trading at around 0.7027 up 0.13% as the pair is mainly led by sentiment toward the US dollar.

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USD/JPY – Japanese Yen Trading Sideway, Shrugs Off Upbeat Minutes

The Japanese yen is showing little movement in the Monday session. In North American trade, USD/JPY is trading at 109.27, up 0.10% on the day.

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Forex Market and AltCoins First Quarter Analysis

The U.S. Federal Reserve left its benchmark overnight lending rate in a target range of between 1.50 percent and 1.75 percent.

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EUR/USD: Recovery mode intact near 1.1935 post-Eurozone Sentix

The EUR/USD pair makes a tepid recovery attempt from 1.1922 lows, as markets appear to have ignored the Eurozone Sentix Investor Confidence numbers, which showed a dip in the investors’ confidence to 19.2 for May versus 21.0 expected.

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FOREX Tech Targets 07.05.2018: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB

The 1.1915 ‘target’ that was first highlighted last Wednesday was exceeded marginally as EUR briefly hit a low of 1.1909 last Friday. The lack of a ‘follow-through’ upon the break of this critical level coupled with the subsequent quick recovery indicates that the current oversold momentum is...

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Asian Markets Update:China stocks lead Asia higher, lifted by commodities

The global equity rebound continued Monday in Asia after U.S. stocks rallied Friday on a solid April jobs report. The gains were led by China, where indexes rose by more than 1% despite a lack of progress on trade talks with the U.S.

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Market Events Ahead

Market events to watch this week.

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Dollar Keeps Going Strong as Growth Concerns Rise in Europe

The EUR/USD lost 1.37 percent in the last week. The single currency is trading at 1.1960 after a week heavy with economic released and the release of the U.S. Federal Reserve’s rate statement. European data continues to disappoint with German retail sales shrinking by 0.6 percent and the flash inflation estimate coming short of the forecast at 1.2 percent the biggest drags on the euro. Indicators in the US were not as solid as the...

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Sterling erases 2018 gains as dollar extends surge

Sterling fell further against a surging dollar on Friday, erasing all its gains for 2018 after investors shrugged off disappointing jobs data out of the United States to buy into the greenback.

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Dollar hits 2018 high despite weaker jobs data

The U.S. dollar leaped to its highest levels this year against a basket of currencies on Friday, despite disappointing U.S. employment data for April.

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FOREX Tech Targets 04.05.2018: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB

EUR registered an ‘inside day’ yesterday and the recent strong downward momentum has eased somewhat. While we continue to anticipate a move to the year-to-date low at 1.1915, oversold shorter-term condition suggests that EUR could consolidate for a couple of days before...

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USD/JPY to pause around current levels

USD/JPY has fully retraced 50% of the sell off from 114.73 in November to 104.56 in March and it would appear logical that we pause around current levels.

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USD/JPY recovers early lost ground to sub-109.00 level, fresh weekly lows

The USD/JPY pair quickly reversed an early dip to sub-109.00 level and has managed to rebound around 20- pips from fresh weekly lows.

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GBP/USD: Bears take a breather ahead of US payrolls

The GBP/USD pair created a doji candle yesterday, signaling the bears are having a breather ahead of the US April payrolls and wage growth release.

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Gold bulls get some breathing room on gradual Fed, 200-D SMA/YTD lows safe

June gold climbed by $10, or 0.8%, to $1,315.60/oz while spot made a high of $1,318.06. The sentiment is that the Fed is in no hurry to jack up rates and will even allow inflation to move above target considering how long it has been running below it and just three hikes this year instead of four dented the dollar and...

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Tech Targets: AUD/USD, NZD/USD, USD/JPY - UOB

We just shifted to a bearish stance yesterday (02 May, spot at 0.7485) and there is no change to the view. The ‘target’ remains unchanged at 0.7410 even though 0.7440 is quite a strong shorter-term support. That said, after the rapid decline over the past couple of weeks, it does feel that we are...

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GBP/JPY weakens farther below 200-DMA, hits fresh 1-month lows

The cross drifted into negative territory for the third consecutive session, also marking the fifth day of losses in the previous six, and broke below the very important 200-day SMA support following the weaker-than-expected release of...

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NZD/USD pullbacks could test 0.6920

FX Strategists at UOB Group noted the Kiwi Dollar remains bearish although expect the decline to be limited around 0.6920 in the near term.

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GBP/USD still bearish, targets 1.3540

Cable remains bearish and could grind lower to the 1.3540 region, according to FX Strategists at UOB Group.

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EUR/USD moves to daily highs near 1.1990, EMU CPI eyed

The now offered bias around the greenback is lifting EUR/USD to the area of session highs near 1.1990.

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NZD/USD surrenders recovery gains, back near YTD lows as FOMC looms

The NZD/USD pair surrendered majority of its early modest recovery gains and has retreated back closer to YTD lows, around the key 0.70 psychological mark.

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USD/CAD – Canadian Dollar Trading Sideways

The Canadian dollar continues to trade quietly this week. In the Wednesday session, USD/CAD is trading at 1.2837, down 0.10% on the day.

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Sterling hovers near 3-1/2 month lows ahead of construction survey

Sterling held close to 3-1/2 month lows on Wednesday after Brexit-related news knocked the pound and as traders readied for data on the construction sector for any sign of an April rebound after weakness in the first quarter.

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EUR/USD returns to 1.20 on EMU data, FOMC eyed

The pair remains under pressure today, retracing the earlier spike to the 1.2030/40 band amidst a rebound in the buck and rising US yields. In fact, the US Dollar Index rebounds from daily highs near 92.20 while US-10 year yields are approaching the psychological barrier at...

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USD/JPY hammering closer to the 110 handle, Greenback bidding up ahead of the FOMC

The US Dollar continues to march up the charts against the broader FX market, and the Bank of Japan's (BoJ) recent softness is still fresh in trader's minds, noting that the central bank is still committed to their hyper-easing monetary policy, and lagging inflation figures for Japan's economy means the BoJ is even further out from...

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GBP/USD – Pound Stumbles to 4-Month Low as Manufacturing PMI Slips

The US dollar has steamrolled the British pound in the Tuesday session.

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EUR/USD stays bearish near term

FX Strategists at Scotiabank keep their bearish outlook on the pair unchanged in the near term.

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Euro near three-and-a-half-month lows as dollar cements gains

The euro fell on Tuesday, heading towards a 3-1/2 month low as weaker-than-expected economic data at the start of the week dented euro zone sentiment ahead of the U.S. Federal Reserve’s policy decision.

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USD/CAD bounces off 50-DMA support, Canadian GDP/US ISM in focus

Having fallen to one week low, around the 1.2800 handle on Monday, the pair recovered few pips and moved back to its recent trading range held over the past six trading sessions. A combination of diverging forces failed to provide any meaningful impetus and assist the pair to break through...

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Forex Today: Aussie stays below 0.7550 post-RBA, UK PMI on tap

Forex today in Asia this Tuesday was characterized by slowing volumes and minimal volatility amid holiday-thinned markets, with China still closed in observance of Labour Day. On the data front too, we had second-liner releases, which had little impact on the Asia-pac currencies, as the USD dynamics continued to play a vital role across the...

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USD/JPY: bears in control as yields crumble, stocks tank, where next?

Despite an hourly set back on the charts today, (109.47 down to 109.12), USD/JPY has continued in the weekly advance to the 100-W SMA at 109.48, propped by prospects of the Fed in fourth gear at this week's meeting, signalling to markets that rate hikes will follow in due course as economic data and inflation continue to pick up.

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NZD/USD challenging 0.7040 post

The NZD/USD is trading at around 0.7046 down 0.55% in Monday's trading as the London's forex session is about to come to an end.

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EUR/USD a ‘sell on rallies’

“Following a muted initial reaction to ECB last week, EUR/USD broke key resistance levels including the 2017 high of 1.2092 towards the end of last week as markets digested the impact of a softening euro-zone outlook”.

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EUR/USD putting 1.2100 to the test, German CPI eyed

The selling pressure seems to have resumed around the European currency at the beginning of the week and is now dragging EUR/USD to trade in the area of daily lows in the 1.2100 neighbourhood.

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Dollar below three-month highs as U.S. 10-year yield pulls back

The dollar held steady against a basket of major currencies on Monday after pulling back slightly from a 3-1/2-month high last week, pressured by a decline in the benchmark U.S. 10-year Treasury yield.The dollar’s index against a basket of six major currencies stood at...

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Forex Today: Antipodeans slip in holiday-thinned Asia, eyes on German CPI

Forex today was a quiet Asian affair amid holiday-thinned trading, with Japan and China both out on their respective public holidays. Despite a holiday, the China Federation of Logistics & Purchasing’s (CFLP) published upbeat China manufacturing and non-manufacturing PMI readings. But, better Chinese PMIs failed to benefit the...

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Market Events Ahead

Market events to watch this week

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Dollar Slows Down Awaiting Employment Data

The US dollar had massive weekly gains against all majors. The release of the gross domestic product for the first quarter of 2018 beat expectations but did little for a dollar that had rallied all week. Dovish central bank rhetoric from the European Central Bank (ECB) and the Bank of Japan (BOJ) have increased the anticipation for the U.S. Federal Reserve’s....

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GBP/USD slightly off lows, heads for lowest weekly close since January

Despite moving off lows, GBP/USD is still down significantly. The pair is falling on Friday more than a hundred pips and from last week highs lost more than...

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Gold recovers further from 5-week lows, back above $1320 level

The commodity stalled its recent downfall and found some decent support near $1315 level on Friday amid a modest retracement in the...

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