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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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FOREX Tech Targets 17.04.2018: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB

We have held the same view since last Friday (13 Apr, 1.2325) wherein we “continue to see chance for a move higher towards 1.2400 even though upward momentum has been dented”. In line with expectation, EUR rose yesterday and hit a high of...

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EUR/USD – Euro Shrugs Off Soft ZEW Economic Sentiment, Touches 3-Week High

EUR/USD is almost unchanged in the Tuesday session. Currently, the pair is trading at 1.2369, down 0.03% on the day. This is the pair’s highest level since the end of March. On the release front, German ZEW Economic Sentiment surprised the markets with a sharp drop of 8.2 points.

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AUD/USD recovery faltered around 0.7790

The pair is looking to record its fourth consecutive daily advance today, extending the up move from yearly lows in the mid-0.7600s seen in late March. The correction higher, however, appears to have run out of...

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GBP/USD sits and waits for UK jobs, earnings figures

Today sees Average Earnings both with an without bonuses, forecast at 3.0 and 2.8 percent respectively, compared to the previous readings of 2.8 percent and 2.6 respectively. Also on the docket and...

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Forex Today: Aussie hit by RBA minutes, mixed China data, UK jobs, ZEW eyed

Forex Today witnessed a quiet Asian affair, with mild risk-on prevalent amid higher Asian equities, oil prices and Treasury yields. However, the Yen defended minor bids across the board amid ongoing developments surrounding Syria while gold prices traded on the back foot.

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FOREX Tech Targets 16.04.2018: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB

EUR traded in a relatively narrow 1.2305/1.2346 range last Friday before ending the day little changed. We continue to see chance for a move higher towards 1.2400 even though lackluster upward momentum suggests that a sustained break above this level is unlikely (there is another strong resistance at 1.2425). On the downside...

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GBP/USD eyes YTD tops on US data, around 1.4310

The selling pressure around the greenback is now picking up the further pace and is lifting GBP/USD to fresh daily highs above 1.4300 the figure.

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USD shorts grew, EUR longs surge back - Rabobank

EUR longs have risen back to levels last seen in late January. Hawkish remarks from an ECB official prompted some...

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WTI holds $ 66 mark amid Syria strikes and US rigs data

WTI (oil futures on NYMEX) is seen attempting a tepid recovery from just ahead of the $ 66 threshold, after having run into strong offers near $ 66.85 on the European open, as broad-based US dollar weakness offers some respite to the bulls.

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Forex Today: Asia shrugs off Syria strikes as "one-off event", what’s next?

There were three targets hit over the weekend, in a decision lead by the US president, Donald Trump, with backing from the UK and France. More than...

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Asian markets pull back, lose early gains

The currency last week weakened to the bottom of its trading band against the U.S. dollar, leading Hong Kong’s monetary authority to try to bolster it by selling $1.23 billion in U.S. dollars to...

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The EURUSD remains confined in a narrow trading range for the 2nd week in a row.

The EURUSD remained confined in a narrow trading range for the last two weeks. What do the charts tell us technically as we prepare for the new week. Of course the strike on Syria will have some sort of reaction on the opening. Does it kick the pair out of...

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The USDJPY is trying to get "bulled up" but don't be too bullish yet

The buyers in the USDJPY are desperately trying to jump start the pair higher after the trend like move lower into the March low. How successful are the buyers? Well, it is a start and...

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Wall Street stocks down on Friday but end the week in positive territories

The S&P 500 Index fell by 7.69 points or 0.3% to 2,656.30 and registered a 2% gain on the week.The Dow Jones Industrial Average dropped 122.91 points or 0.5% to 24,360.14, however, it closed the week 1.8% higher while the Nasdaq lost 33.60 points or 0.5% to 7,106.65 and closed the week with a 2.8% increase.

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AUD/USD rejects 0.78 handle ahead of RBA on Tuesday

The AUD/USD is trading at 0.7767 up 0.16% on Friday as the second week of April is coming to an end. The Australian dollar gained as much as 150 pips over the last days as earlier in the week Chinese President Xi Jinping said that he intended to open up its economy...

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Sterling hits 10-week high vs dollar, 11-month peak vs. euro

Sterling rose to a new 10-week high against the dollar on Friday and pulled itself out of a six-month trading range against the euro, prompting investors to unwind their long euro positions.

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FOREX Week Ahead: Dollar Looks to Retail Sales With Syrian Anxiety in the Background

The US dollar lost against most majors even if it appreciated against safe haven currencies on Friday. The Syrian conflict concerns faded at the end of the week and boosted the USD versus the JPY and the CHF. The release of the meeting notes from the March Federal Open Market Committee (FOMC) proved to be a positive for...

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GBP/JPY consolidating after testing 154 handle

The GBP/JPY has lost about 80 pips from session’s highs as the GBP/USD is testing the 2018 high. GBP/JPY is now trading at around 153.13 up 0.29% on Friday.

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USD/JPY consolidative near term

The pair is expected to continue its sideline pattern for the time being, according to FX Strategists at UOB Group.

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EUR/USD – Euro Trading Sideways as German CPI Matches Forecast

EUR/USD has ticked higher in the Friday session. Currently, the pair is trading at 1.2339, up 0.10% on the day. On the release front, German Final CPI edged lower to 0.4%, matching the estimate. The US will release UoM Consumer Sentiment, which is expected to drop to 100.6 points.

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Dollar rises to six-week high vs yen on Syria risk, U.S. earnings

The dollar climbed to a six-week high against the yen on Friday as caution over a Western military intervention in Syria abated and investors looked to anticipated strong U.S. corporate earnings.

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FOREX Tech Targets 13.04.2018: EUR/USD, GBP/USD, NZD/USD, USD/JPY - UOB

The release of ECB’s minutes yesterday sent EUR tumbling to a low of 1.2298. The ‘key support’ highlighted at 1.2280 in recent updates is still intact and as long as this level is not taken out, we continue to see chance for EUR to stage another attempt to move clearly above 1.2400. However, upward pressure has...

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Asian markets wobble after China posts surprise trade deficit

China’s trade balance swung to a deficit of $4.98 billion in March from a $33.7 billion surplus in the previous month. Economists polled by The Wall Street Journal had expected a...

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EUR/GBP: eyes a break to 0.86 the figure on extended downside

EUR/GBP has slid down to test the 100 weekly SMA, losing the 0.87 handle. Currently, EUR/GBP is trading at 0.8661, down -0.71% on the day, having posted a daily high at 0.8730 and low at 0.8643.

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GBP/JPY is testing weekly highs ahead of BoE’s Carney speech

The GBP/JPY is trading at about 152.47 up 0.75% as it is trading at weekly highs.

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Gold retreats from 2 1/2-month high as Trump walks back immediacy of response to Syria

Gold futures pulled back in Thursday trading after the haven metal ended Wednesday at its highest level in roughly 2 1/2 months, boosted by geopolitical tensions. Federal Reserve meeting minutes released after gold’s close Wednesday signaled dedication to higher rates at the U.S. central bank, pressuring metals prices...

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Dollar struggles near two-week lows as tensions persist

The dollar held near a two-week low on Thursday against a basket of currencies as investors remained cautious over possible Western military action against Syria, while the euro was also steady before minutes of the ECB’s March meeting...

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EUR/USD within range ahead of ECB, around 1.2370

The pair’s momentum keep looking to the risk appetite trend for direction, particularly after renewed risk aversion in light of the likely US military action in Syria, involving Russia at the...

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Forex Today: USD bid amid geopolitical and trade tensions, ECB minutes, Carney eyed

Despite risk-aversion, the US dollar managed to regain ground across its main competitors, as the FOMC March meeting minutes showed a more hawkish bias, with the Committee’s upbeat outlook on inflation. As a result, USD/JPY remained...

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USD/JPY flirts with weekly lows amid geopolitical turmoil

USD/JPY is trading at around 106.75 down 0.42% on Wednesday as the hostilities in the Middle-East intensify.

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GBP/USD stabilizes near 1.4180 level

The GBP/USD pair extended its retracement slide from over 2-week tops and refreshed session lows in the last hour, albeit quickly recovered few pips thereafter.

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Sterling pauses on soft data

Sterling trimmed gains on Wednesday after British manufacturing output fell unexpectedly in February, its first drop in almost a year, adding to signs the economy may have slowed in the first quarter.

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EUR/USD eases from tops near 1.2390, US CPI, Draghi eyed

After briefly testing 2-week tops in the boundaries of 1.2390, EUR/USDhas now retraced part of that advance and returns to the 1.2370/65 band. Spot is looking to extend the ongoing strong recovery from the 1.2200 neighbourhood, although gains appear so far...

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US Dollar tumbles further to 89.40 ahead of US CPI

The greenback, measured by the US Dollar Index (DXY), is accelerating the weekly leg lower and is flirting with fresh weekly lows around 89.40. The index is retreating for the fourth consecutive session on Wednesday amidst alleviated concerns over the US-China trade dispute, a continuation of...

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Forex Today: driven by fundamentals in Asia, UK data, Draghi’s speech on tap

Forex today experienced an eventful Asian session, however, mixed macro news from the Asia-pac regions left markets slightly nervous. The Japanese Yen bounced against its American counterpart amid better Japan’s Core Machinery Orders data and moderate risk-aversion.

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FOREX Tech Targets 10.04.2018: EUR/USD, GBP/USD, USD/JPY - UOB

In recent updates, we expected EUR to “remain on the back foot unless it can move above 1.2350”. The recent weak undertone is beginning to stabilize as EUR staged a robust recovery from last Friday’s 1.2212 low.

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WTI flirting with daily highs near $64.70, API eyed

Prices of the barrel of the American benchmark for the sweet light crude oil are extending the weekly up move and are approaching the critical $65.00 mark.

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ECB’s Nowotny: ECB will end asset buys this year

Ewald Nowotny, European Central Bank (ECB) Governing Council member and the Austrian Central Bank Head, is out on the wires, via Reuters, saying that the ECB will end asset buys this year but it was too early to say when interest rate hikes will begin.

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USD/CAD vulnerable around 1.2680/70

The Canadian Dollar is extending the upbeat momentum during the first half of the week vs. its American neighbor, taking USD/CAD to fresh lows in sub-1.2700 levels.

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EUR/USD looking to stabilize

FX Strategists at UOB Group noted the pair’s potential for extra pullbacks appears diminished in the near term.

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Oil prices rebound as trade tensions rumble in the background

Oil prices traded higher on Monday, set to recover much of what they lost last week, even as U.S.-China tensions lingered and rig activity in the U.S. pointed to production growth. On the New York Mercantile Exchange, May West Texas Intermediate crude CLK8, +2.14% rose $1.34, or 2.2%, to $63.40 a barrel. June Brent crude LCOM8, +2.21% the global benchmark, was up...

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FOREX Tech Targets 09.04.2018:GBP/USD, AUD/USD, NZD/USD - UOB

Despite the surprisingly strong rebound in GBP last Friday, we continue to view the price action as part of a ‘sideway trading’ phase. That said, the previously expected 1.3935/1.4100 consolidation range is probably too narrow and from here, a wider 1.3935/1.4160 range appears to be more representational of...

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GBP/USD consolidates in a range around 1.41 handle

The pair built on Friday's strong rebound from sub-1.4000 level, closer to 3-week tops, and finally moved past the 1.4100 handle following the release of stronger-than-expected Halifax UK HPI. The index came in to show a rise of 1.5% in March, marking the...

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GBP/JPY holds above 151.00 handle, near 2-month tops

The cross continued gaining traction at the start of a new trading week and held in positive territory for the fifth consecutive session. A slight improvement in investors' appetite for riskier assets, as depicted by...

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EUR/USD re-tests offers near 1.2285

Moreover, rising Treasury yields amid the divergent monetary policy outlooks between the Fed and ECB, with attention shifting towards this Wednesday’s FOMC minutes, also keep the recovery in check. Additionally, the funding currency, the EUR, tends to...

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Forex Today: Kiwi rallies hard in quiet Asia, Eurozone Sentix – Up next

Amongst the Asia-pac currencies, the Kiwi was the top gainer, closing out NZD shorts ahead of the key China data and FOMC minutes due this week. Meanwhile, the Aussie also held on to mild gains and neared the...

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Gold notches daily, weekly gain as trade jitters roil stocks, dollar

Gold futures on Friday logged a daily and weekly advance on the back of U.S.-China trade-war jitters, which flared up late Thursday and roiled global stocks, driving investors into assets perceived as havens. A mostly lackluster U.S. employment reading for the March, which nicked the dollar index and...

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FOREX Week Ahead:Trade War Anxiety and NFP Miss Sink US dollar

The US dollar is mixed against major pairs after the U.S. non farm payrolls (NFP) headline jobs number failed to meet expectations. The US added 103,000 jobs short of the 193,000 jobs forecast. Wage growth came in as anticipated at...

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USD/JPY extends correction and hits fresh lows under 107.00

USD/JPY printed a fresh daily low under 107.00. The pair has been moving to the downside since the release of the US employment report and accelerated during the last hours amid a decline in US stocks.

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EUR/USD finds strong support in the low-1.2200s

According to FX Strategists at Scotiabank, the pair appears to have found solid support in the low-1.2200s.

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Powell expected to dismiss hot-economy talk from Jamie Dimon and Janet Yellen

Federal Reserve Chairman Jerome Powell is expected on Friday to defend the central bank’s consensus that a gradual rate hike path this year remains appropriate despite a lot of chatter about the risk of an overheated economy from luminaries like his predecessor, Janet Yellen, and JPMorgan Chase’s Jamie Dimon.

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Pound nears six-week lows on dollar rebound, weak data

Since Britain signed a transition agreement last month for exiting the European Union, concerns about Brexit have abated as investors focus on the state of the UK economy before an expected interest rate rise in May.

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USD/JPY consolidates below 1-month tops, NFP awaited

The USD/JPY pair struggled to build on its intraday rebound from the 107.00 handle and was now seen oscillating in a range just below mid-107.00s, over 1-month tops.

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GBP/USD: Recovery remains capped below 1.4000, US NFP eyed

After a brief stint higher in the overnight trades, the GBP/USD pair fell back in the red zone, as the bulls failed to sustain above the 1.40 handle amid a renewed risk-aversion wave triggered by fresh US-China trade threats.

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Gold trades lower as trade-war tensions cool, dollar strengthens

Gold futures traded lower on Thursday, while the dollar strengthened and stocks extended Wednesday’s late-day revival, as concerns about a trade clash between the U.S. and China calmed.

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USD/CAD fades a bullish spike to 1.28 handle

The USD/CAD pair faded a bullish spike to the 1.2800 handle and quickly retreated around 30-35 pips from session tops.

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EUR/USD trims losses, back around 1.2270

The pair staged a rebound from lows around 1.2250.DXY is now coming under pressure after testing tops near 90.30. After bottoming out in the mid-1.2200s earlier in the session, a now softer tone around the greenback is allowing EUR/USD to rebound to the 1.2270/75 band.

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Dollar bounces as trade war fears fade

Investors have kept an eye out for any wider fallout from a Sino-U.S. trade dispute, after Beijing on Wednesday proposed tariffs on U.S. imports including soybeans, planes, cars, beef and chemicals. The yen, often sought in times of market turmoil and political tensions, had rallied as U.S. shares tumbled on Wednesday after China imposed retaliatory tariffs on U.S. goods.

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GBP/USD once again rejected near 1.41 handle, UK PMI eyed

The GBP/USD pair once again met with some fresh supply near the 1.4100 handle and retreated around 50-pips from session tops. Bulls struggled to maintain their dominant position, with a modest US Dollar rebound, amid easing US-China trade tensions, prompting some fresh selling near the 1.4100 supply zone.

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FOREX Tech Targets 05.04.2018: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB

Weakened undertone increases risk of a deeper pull-back. No change in view.We have held a neutral stance for about a month now and since then; EUR has been trading within a relatively narrow 1.2237/1.2476 range.

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AUD/JPY bulls attacking the 82 handle as risk-off eases

The AUD/JPY is trading at around 82.20 up 0.33% on Wednesday as investors are momentarily shrugging-off trade war fears and selling the Japanese yen which is seen as a safe-haven in times of market fears.

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GBP/USD rebounds sharply, 1.4100 back on sight

The GBP/USD pair quickly reversed an early NA session fall to 1.4015 level and has now recovered around 60-65 pips from session lows.

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GBP/USD extends UK PMI-led downfall, slips below mid-1.4000s

The British Pound started losing ground after data released on Wednesday showed activity in the UK construction sector unexpected dropped into contraction territory, with the Markit UK construction PMI coming in at...

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Dollar sags versus yen as trade tensions dim outlook

The dollar eased against the yen on Wednesday, with the outlook clouded by worries that escalating U.S.-China trade tensions could exert a toll on the global economy and U.S. growth. The dollar fell 0.1 percent to 106.50 yen, giving back some of the...

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Forex Tech Targets 04.04.2018 : EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB

We have held a neutral stance for about a month now and since then; EUR has been trading within a relatively narrow 1.2237/1.2476 range. That said, shorter-term price action has been erratic and the...

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EUR/USD weakens farther below 1.23 handle, drops to near 2-week lows

After an initial uptick to 1.2335 area, the EUR/USD pair met with some fresh supply and dropped to near two-week lows during the early NA session. The pair finally broke down from its 3-day old trading range and retreated farther below the 1.2300 handle.

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Dollar falls on U.S.-China trade dispute but broader currency markets calm

The dollar fell on Tuesday on concerns about U.S.-China trade tensions, although foreign exchange markets were largely unmoved and shrugged off what the dispute could mean for global growth.Equity markets in the United States sold off heavily on Monday as investors fled technology shares and...

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USD/CAD retreats back to the lower end of a 5-day-old trading range

The pair extended overnight rejection slide from the 1.2940-50 heavy supply zone and was now being weighed down by some renewed US Dollar weakness, led by reviving worries over a...

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Forex Tech Targets 3.4.2018 : EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB

No change in view.The recent erratic price action has resulted in a mixed outlook. Indicators are mostly ‘flat’ and at this stage, there is no early indication that EUR is ready to embark on a sustained directional move. In other words, the month-long neutral phase is...

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Forex Today: Aussie nears 0.7700 post-RBA, UK manufacturing PMI in focus

Forex today was a quiet affair in Asia this RBA Tuesday, with risk-aversion back in vogue amid the re-emergence of the US-China trade war fears after China retaliated to the US tariffs. Despite persisting risk-off flows, most higher-yielding assets were...

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AUD/USD at a brink of breaking lower

The Aussie remains among the weakest currencies across the FX board, as early USD weakness saw the pair barely advancing up to 0.7694, while a resurgent greenback after the US opening pushed the pair near the 2018 low set last week at 0.7642.

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USD/JPY bulls hold 106 handle ahead

The USD/JPY is trading at around 106.19 slightly lower on Easter Monday as the market is driven by sentiment and renewed fears of trade wars between the US and China. The Asian superpower said earlier on Monday that it imposes trade tariffs on pork and fruits from the United States.

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USD/CAD flirting with daily lows around 1.2870 ahead of data

The pair is flirting with recent lows in the 1.2875/70 band on Monday following a softer tone surrounding the greenback and a bid bias around crude oil prices.

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Dollar steady vs yen, traders wary over global trade tensions

The dollar held steady against the yen on Monday, taking a breather after last week’s rally and as it treads cautiously amid lingering concerns over a U.S.-China trade spat.The U.S. currency had risen against the yen last week, helped by signs China and the United States were working behind the scenes to avoid a full-blown trade war, and...

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EUR/GBP slides back closer to Friday’s swing lows, around 0.8765-60 region

After an initial uptick to 0.8785 level, the EUR/GBP cross came under some selling pressure and retreated back to Friday's low. The cross continued with its struggled to build on its recent recovery move from near 9-month lows, set on March 22 and...

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FOREX Tech Targets 02.04.2018: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB

The recent erratic price action has resulted in a mixed outlook. Indicators are mostly ‘flat’ and at this stage, there is no early indication that EUR is ready to embark on a sustained directional move. In other words, the month-long neutral phase is intact and we expect EUR to continue to trade choppily within...

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Why is the downside in play for the GBPUSD after a run higher in March?

The GBPUSD's low came in at 1.3711 on the very first day of the trading month (on March 1). The price high peaked on Monday and Tuesday at 1.4244. After peaking on Tuesday, March 26th, the price closed lower on Tuesday, Wednesday, and Thursday.

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Capital Markets in April

For the best part of 24-months, equity markets have rallied steadily, matching the longest winning streak ever without a correction. That period ended abruptly in February when global stock indices tumbled into a correction brought on by worries about higher interest rates and exacerbated by complacency and a new threat of ‘trade wars.’

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FOREX Week Ahead:US Dollar Rises Ahead of Jobs Data

The US dollar gained against major pairs thanks to strong economic indicators and the end of month and quarter flows. The greenback had a positive week ahead of the easter holiday. The first week of April will kick off with a plethora of US economic data, the most important of all...

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Dollar stalls after rally, braces for headwinds in new quarter

The dollar stalled against its peers on Friday as the recovery is seen earlier this week petered out ahead of the new quarter, which could potentially bring renewed pressure on the greenback.

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USD/CAD recovers early lost ground, jumps back to 1.29 handle

The USD/CAD pair has managed to recover early lost ground to a three-day-old trading range support and is now looking to move back above the 1.2900 handle.

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EUR/USD – Euro Slightly Higher in Holiday Trade

German inflation increased in March by 0.4%, just shy of the estimate of 0.5%. On an annual basis, German inflation stands at 1.5%, shy of the ECB target of around 2%, but high enough to warrant discussions about a change in the ECB’s monetary policy. Eurozone inflation stands at...

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USD/CAD slides back to 3-day old trading range support near 1.2860 area

The USD/CAD pair broke down of its Asian session consolidation phase and dropped back to the three-day-old trading range support near the 1.2865-60 region. The pair sudden fall of around 30-pips over the past hour or so lacked any fundamental trigger and...

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GBP/USD stages a goodish rebound from 1.40 neighborhood

The pair stalled this corrective slide from near 2-month tops and managed to defend the key 1.40 psychological mark on the back of a subdued US Dollar price action, which forced traders to lighten their...

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Forex Today: Bond yields drop hard, USD recovers ahead of Easter

The dollar index (DXY) has appreciated by 1.45 percent in the last two days, reportedly due to the unwinding of shorts ahead of the quarterly closing. While that may be true, the unwinding of shorts could be more due to easing receding trade war fears, easing tensions in the...

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EUR/USD supported at 1.23 handle post US-data

The EUR/USD is trading at around 1.2323 virtually unchanged on Thursday as the Easter break will likely see the markets entering smaller ranges. The next market-moving event should be the inflation numbers in the Eurozone with the Consumer Price Index next Wednesday at 9:00 GMT and the report from the ECB Monetary Policy Meeting Account on...

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USD/CAD – Canadian Dollar Steady Ahead of GDP

The Canadian dollar continues to trade quietly. In the Wednesday session, USD/CAD is trading at 1.2905, down 0.14% on the day. On the release front, Canada releases the monthly GDP report and the Raw Materials Price Index. There are a host of key indicators in the US, led by unemployment claims and consumer confidence. The markets are expecting unemployment claims to...

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Dollar holds its gains as trade war fears recede; euro edges lower

The dollar held on to its gains on Thursday after a big rise in the previous session, but traders said the outlook for the greenback remained negative as it headed for its fourth consecutive quarter of losses.

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GBP/USD holds weaker near multi-day lows, around mid-1.4000s post-UK data

The GBP/USD pair held on to its weaker tone for the third consecutive session, albeit managed to recover some lost ground post-UK economic data. The British Pound gained some traction, lifting the pair back above mid-1.4000s, after a surprisingly lower than expected...

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FOREX Tech Targets 29.03.2018: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY

The sharp decline in EUR yesterday after the strong advance that hit a high of 1.2476 earlier this week came as a surprise. The rapid swings have resulted in a mixed outlook. Indicators are mostly ‘flat’ and the neutral phase that started early this month is still in place. From here, we expect...

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Forex Today: Yen rebounds in Asia, UK GDP, German CPI

Forex today witnessed a quiet, with no major economic events on the cards, as volumes dry out heading into the Easter weekend. Broad-based USD strength faded in Asia, as mixed market sentiment weighed down on Treasury yields while a lack of fresh catalysts also kept the bulls on the back foot.

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WTI turns positive, challenges $65.00 post -EIA

Prices of the American reference for the sweet light crude oil are trading close to the $65.00 mark per barrel today following the DoE’s report, where US crude oil inventories increased more than...

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Gold sits at multi-day lows, below $1340 ahead of US GDP

A strong US Dollar recovery, triggered by easing global trade war fears and further boosted by positive news over the issue of denuclearization in the Korean Peninsula, has been one of the key factors weighing heavily on...

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GBP/USD rejected near 1.42 handle, turns lower for second straight session

Having faced rejection at the 1.42 handle, the GBP/USD pair dropped to fresh session lows during the early European session and is now trying to stabilize around mid-1.4100s.The pair's overnight rebound from multi-day lows was being capped by resurgent US Dollar demand...

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EUR/USD off-lows, re-takes 1.2400 ahead of US GDP

The EUR/USD pair stalled its Asian recovery mode near 1.2420 levels and came under heavy selling pressure on the European open, as the bears eyed a break below the 1.2375 support area. However, fresh buyers emerged near the last, prompting a quick recovery in the spot, in a bid to regain the 1.24 handle.

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Forex Tech Targets 28.03.2018: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY

We highlighted yesterday (26 Mar, 1.2365) that the “recent mild downward pressure has eased” and that EUR is expected ‘to trade sideways between 1.2240 and 1.2450”. However, the subsequent rapid rise that hit an overnight high of 1.2462 was unexpected. The sharp up-move has shifted...

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Forex Today: Yen sold-off into N. Korea comments, US GDP in focus

Despite the risk-off sentiment induced by the sell-off in the Asian equities and oil prices, the Japanese currency was heavily offered, as optimistic comments from the North Korean leader Kim Jong-Un about denuclearization of the Korean Peninsula revived hopes of the peace talks between the US and N. Korea. Meanwhile, the US dollar...

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USD/JPY steady above 105.50, consolidates gains

USD/JPY is consolidation gains. During the last hours, it has been moving on a small range between 105.55/70. It was trading at 105.60, about to test the lower limit of the mentioned range. The Greenback was still up for the day and far from...

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EUR/GBP flirting with session tops near 0.8800

The now softer tone around the Sterling and the single currency has pushed EUR/GBP to daily tops in the 0.8800 neighborhoods, where it now seems to have found tough resistance.

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Euro hits fresh five-week high as risk appetite creeps back in

The euro rose to a new five-week high on Tuesday with receding fears of a global trade war hurting the dollar and encouraging investors to resume their bets on a stronger single currency.

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