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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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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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USD/JPY fades the spike above 109.50 on US GDP

he pair stays in the area of 2-month tops well beyond 109.00 the figure today after the first estimate of US GDP showed the economy is seen expanding at an...

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Dollar set for best weekly gain since November 2016 on yield bets

The dollar edged higher on Friday and is on track to post its best weekly performance in more than 1-1/2 years as a spike in U.S. Treasury yields prompted some investors to unwind some short bets against the dollar, especially against some emerging market currencies.

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FOREX Tech Targets 27.04.2018: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB

We highlighted yesterday (26 Apr, spot at 1.2170) that “a clear break of 1.2153 would suggest that EUR is ready for a much deeper down-move in the weeks ahead”. EUR not only cracked this level but also managed to test the next major support near 1.2090 (note that 1.2092 was the high in 2017). The odds for a shift to a bearish phase have increased considerably but we prefer to wait for a daily closing below 1.2090.

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EUR/USD still fragile, treading water around 1.2100

Following Thursday’s collapse after the bull run beyond 1.2200 the figure, EUR/USD is now looking to consolidate in the 1.2100 area, or fresh 3-month lows. The single currency remains fragile at the end of the week, motivating the pair to meander the area of 3-month lows after breaking below...

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Gold extends decline to 5-week low as dollar strengthens

In Thursday dealings, June gold GCM8, -0.31% was down $3.60, or 0.3%, to $1,319.10 an ounce Prices for the most-active contract, which had earlier tapped a...

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USD/JPY comes down to test 109.00

After climbing to as high as the boundaries of 109.50, or fresh 2-month peaks, the pair sparked a correction lower along with...

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Dollar edges down against euro with ECB on deck

The U.S. dollar held broadly steady around a three-month high Thursday, but was slightly down against the euro before European Central Bank President Mario Draghi was set to discuss the central bank’s monetary policy decision and likely offer his thoughts on growth in the eurozone economy.

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Euro edges off eight-week lows ahead of ECB meeting

The euro edged off eight-week lows on Thursday as traders readied for a European Central Bank meeting, when investors will be searching for any signals about when the bank will begin unwinding its stimulus.

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FOREX Tech Targets 26.04.2018: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB

Our ‘focus level’ of 1.2153 that was indicated on Tuesday (24 Apr, 1.2205) was almost touched as EUR dropped to an overnight low of 1.2158. As noted, a clear break of 1.2153 would suggest that EUR is ready for a much deeper down-move in the weeks ahead (the next support below 1.2153 is at 1.2090). The prospect for a break...

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Oil prices rise as trader look past U.S. supply, focus on Iran sanctions

Oil futures continued to rise Thursday, as traders looked past surprise increases in U.S. supplies, and instead focused on the possibility that the U.S. will reimpose sanctions on Iran June West Texas Intermediate crude CLM8, +0.31% rose 13 cents, or 0.2%, to $68.18 a barrel after...

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EUR/USD: 1.2300 is key resistance, offered below towards 1.2153

In respect to the euro, analysts t UOB Group explained that the “pressure has shifted to the downside”.

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GBP/USD hovering down at 1.3950 as US

The GBP/USD is trading at around 1.3947 down 0.22% on Wednesday in the early North American session.

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Sterling stuck near one-month lows as dollar bounces on yield rise

Sterling fell against the dollar on Wednesday as the U.S. currency strengthened on the back of rising Treasury yields, while traders remained cautious ahead of British GDP numbers due on Friday.

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Firm yields push dollar to a four-month high

The dollar hit a four-month high on Wednesday after a rise in benchmark U.S. Treasury yields above 3 percent rattled some currency bears while a mixed picture from business surveys failed to help the euro before a European Central Bank meeting.

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FOREX Tech Targets 25.04.2018: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB

EUR/USD: Neutral (since 05 Mar 18, 1.2335): Focus is at 1.2153 now. No change in view.We highlighted yesterday (23 Apr, 1.2280) that the “pressure has shifted to the downside” and expected “further weakness to 1.2212”. However, we did not exactly expect...

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Forex Today: Antipodeans dive as 10-yr T-yields regain 3%, light trading to extend

The resurgence of broad-based US dollar demand remained the main underlying theme in the holiday-thinned Asian session, as the 10-year Treasury yields rally regained traction and rose above the 3 percent bulwark once again. Hence, most majors remained suppressed amid a firmer greenback, but the Antipodeans suffered the most, as persisting...

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USD/JPY turning gears at 109.00 handle as US yields weigh on stocks

The USD/JPY is trading at around 108.78 virtually unchanged on Tuesday as the European forex session came to a close.

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EUR/USD within a tight range around 1.2200, US data eyed

EUR/USD is alternating gains with losses on Tuesday, keeping the range between fresh lows near 1.2180 and session tops near 1.2220.

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Sterling falls to five-week low on dollar rebound, Brexit nerves

The pound continued to languish on Tuesday and fell 0.1 percent to as low as $1.3919, its lowest since March 19, in part because of a...

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Euro pinned at two-month lows as U.S. yields weigh

The euro fell to a two-month low on Tuesday as concerns that rising U.S. Treasury yields would push the currency to break below a range it has been stuck within most of this year, prompting hedge funds to unwind some of their record long bets.

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GBP/USD: Recovery remains capped near 1.3960

The GBP/USD pair is seen trying hard to recover ground above the midpoint of the 1.39 handle, but in vain, as the looming geopolitical tensions between the...

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FOREX Tech Targets 24.04.2018: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB

We highlighted yesterday (23 Apr, 1.2280) that the “pressure has shifted to the downside” and expected “further weakness to 1.2212”. However, we did not exactly expect 1.2212 to be taken out within such a short period of time (overnight low of 1.2196). From here, the focus has shifted to last month’s...

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EUR/USD weaker, challenging lows near 1.2200

The selling pressure continues to hurt the single currency on Monday and is now dragging EUR/USD to test fresh lows in the 1.2215/20 band.

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USD/JPY could advance to 108.60

The pair’s upside momentum could extend towards the 108.60 region in the near term, noted FX Strategists at UOB Group.

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Sterling stuck at two-week low as investors cautious over May rate hike

Sterling slipped to a two-week low against the dollar on Monday as investors questioned whether the Bank of England would raise interest rates in May following weaker-than-expected economic data and cautious comments from governor Mark Carney.

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FOREX Tech Targets 23.04.2018: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB

We highlighted last Friday that the near-term bias is “tilted to the downside but any weakness is viewed as part of a 1.2260/1.2400 sideway trading range instead of a sustained decline”. However, the subsequent rapid pace of decline that hit a low of 1.2248 came as a surprise. The immediate pressure has...

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Forex Today: USD regains poise in Asia, EZ PMIs in focus

The Yen emerged the biggest loser versus the greenback while Cable was the strongest, despite mixed performance seen on the Asian equities and subdued oil prices. Both the Antipodeans traded modestly flat in tight ranges, as they look forw...

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Sterling extends slide after Carney punctures BoE rate hike bets

Sterling fell half a percent to a fresh two-week low against the dollar on Friday after Bank of England Governor Mark Carney signalled that the central bank may not raise interest rates in May because economic data was “mixed”.

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FOREX Week Ahead:Central Bank Comments Boost US Dollar

The US dollar is higher across the board after geopolitical tensions have eased and Fed speakers are making a case for a faster rate hike for US interest rates. The hawkish comments from Fed’s Loretta Mester contrasted with dovish comments from the European Central Bank (ECB) and Bank of England (BoE) officials which put downward pressure on their respective currencies.

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EUR/USD: Staying Short; EUR/CHF: Dips Attractive Buy Absent Trade Wars Escalation

Bank of America Merrill Lynch Research discusses EUR/USD outlook, and maintains a tactical bearish bias in the near-term, expressing that via holding a short EUR/USD* position targeting a move to 1.15.

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EUR/USD below 1.2300 handle, remains under pressure

The EUR/USD is trading at around 1.2275 down 0.58% on Friday’s trading as the European forex session is slowly coming to an end.

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CAD/JPY softens below 85.00 on weak Canadian inflation

The Canadian inflation data in Canada was a disappointment for CAD bulls. The CAD/JPY is trading at around 84.62 down 0.12 % in the US session.

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Dollar climbs to 11-day high, boosted by rising Treasury yields, pound slide

The dollar headed higher against most rival currencies on Friday, lifted by rising U.S. Treasury yields, which came on the back of a rally in commodity prices that has pushed up inflation expectations.The pound continued to slide after hints from Bank of England Governor Mark Carney that the U.K. central bank may...

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Euro marks time before ECB guidance next week; sterling drops

The euro settled above the $1.23 line on Friday and is poised for its smallest week of gains in 10 months as investors marked time before a European Central Bank meeting next week where policymakers might shed some clues on removing policy stimulus.

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FOREX Tech Targets 20.04.2018: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB

The critical 1.2425 resistance indicated in recent updates remains intact as EUR staged a relatively sharp decline yesterday after touching a high of 1.2400. While the ‘key support’ at 1.2310 is still intact (overnight low of 1.2327), the weak daily closing in NY is enough to indicate that the recent mild upward pressure has eased (we previously expected the short-term strength to extend further to 1.2425). However...

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Forex Today: Kiwi – weakest in Asia, a light session ahead

The Antipodeans also suffered from broad-based USD strength, as the yield differential favored the buck amid upbeat US fundamentals and...

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USD/JPY kicks higher toward sessions’ highs amid stronger USD

The USD/JPY is trading at around 107.41 on Thursday up 0.17% as the US dollar bulls unexpectedly came out of the closet in late European session driven by higher bond yields.

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USD/CAD scope for a test of 1.2550/00

Strategists at Scotiabank remain neutral bearish on the pair in the short-term, allowing for a potential visit to the 1.2550/00 area.

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Sterling falls after disappointing UK retail sales

Sterling on Thursday fell after disappointing UK retail sales data added to concerns about how many interest rate hikes the Bank of England will pursue this year. The pound, among the best-performing G10 currencies this year, rose to a fresh post-Brexit vote high this week but is now down for the week after...

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EUR/USD challenges lows near 1.2360 ahead of US docket

The pair keeps the familiar weekly range so far on Thursday, hovering over the 1.2360 region and trading at...

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

There is no change to the view as EUR subsequently hit a high of 1.2413 before easing off. As long as the ‘key support’ at 1.2310 is intact, we continue to see chance for another push higher towards 1.2425. As noted previously, this is a rather critical resistance as a...

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Forex Today: AUD bulls shrug-off dismal Aus jobs, UK retail sales – key

As a result, both the Antipodeans erased losses and jumped back into the bids, with the Aussie having emerged the strongest. The AUD bulls regained the 0.78 handle, benefiting from risk-on that negated the impact of dismal Australian jobs data. Meanwhile, the Kiwi maintained a...

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NZD/USD trades above 0.7300 ahead of Fed’s speakers and New Zealand inflation

The NZD/USD is trading at around 0.7330 down 0.18% after the bears tried to test the 0.7300 handle earlier in the European session but failed to break below the level.

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USD/CAD in 2-day tops post-BoC, near 1.2640

A wave of selling pressure is now hitting the Canadian Dollar, lifting USD/CAD to the area of fresh 2-day tops beyond 1.2600 the figure following the steady stance from the BoC.

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USD/JPY retreats from tops, near 107.20

The prevailing sentiment among traders continue to favour the demand for riskier assets today in detriment of the safe haven JPY and remains the...

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FOREX- Dollar rises as risk appetite returns, investors turn to data

The U.S. dollar rose on Wednesday from a three-week low after trade war concerns waned and firm U.S. economic data boosted the greenback against the yen and ushered in renewed risk appetite. U.S. markets were buoyed by strong corporate earnings and that helped European equities on Wednesday as investors focused on...

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FOREX Tech Targets 18.04.2018: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB

We highlighted yesterday that “while upward momentum is still not as strong as preferred, the current short-term strength has scope to extend further to the next resistance at 1.2425”. There is no change to the view as EUR subsequently hit a high of 1.2413 before easing off.

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Forex Today: Yen sold-off into risk-on, UK and EZ CPI – Up next

Meanwhile, the Antipodeans traded better offered in absence of the first-tier macro news from both the OZ economies. However, the downside was capped by positive oil prices and persisting risk-on market profile. Both, the EUR and GBP remained mildly bid ahead of the...

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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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