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AUDUSD

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Week Ahead – ECB and BOJ meet as policies set to diverge; China eyes slower growth

Posted on July 14, 2017 at 4:03 pm GMT

The European Central Bank and the Bank of Japan policy meetings next week will likely steal investors’ attention as one prepares the ground for tighter policy while the other looks in no hurry to alter course. It will also be an important week for data as China releases first quarter GDP growth figures and inflation numbers come into focus in Canada, New Zealand and the UK. Aussie jobs and New Zealand inflation data to be watched The Australian and New [..]

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Forex Market Review (Asian Session) – Dollar steady ahead of key inflation release; euro, sterling gain

Posted on July 14, 2017 at 7:53 am GMT

The US dollar was steady against the yen during the Asian session, but weakened against most other majors. The key inflation data out of the US could potentially dictate today’s biggest forex market moves. The euro and the pound were both up, while oil came under some pressure ahead of the European open. The dollar steadied against the yen, helped by upbeat US economic data, after earlier weakness due to a dovish-perceived testimony by Federal Reserve Chair Janet Yellen to [..]

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Forex Market Review (European Session) – Dollar firms up against yen; sterling gains; oil and gold up

Posted on July 13, 2017 at 3:02 pm GMT

The dollar gained against the yen ahead of the US session, supported by encouraging data releases, and continued strengthening as Federal Reserve Chair Janet Yellen started her second-day testimony to Congress. The dollar index, a broad measure of the greenback’s strength, was up 0.07% towards the end of the European session. The number of people seeking unemployment benefits fell last week, confirming labor market strength in the US. Initial claims for state unemployment benefits declined by 3,000 to 247,000 for the [..]

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Forex Market Review (Asian Session) – Yellen sends dollar low against majors; euro recovers; aussie firms

Posted on July 13, 2017 at 8:47 am GMT

The dollar eased against the yen on Wednesday, following Federal Reserve Chair Janet Yellen’s dovish speech. The dollar index fell 0.23% during the Asian session today, confirming weakness in the US currency. The euro gained, erasing most of yesterday’s losses on the back of falling bond yields. Janet Yellen started her two-day testimony to Congress yesterday with a more dovish take on monetary policy that sent the greenback plunging below the 113 level. The Fed Chair anticipates interest rates hikes [..]

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Technical Analysis – AUDUSD exits overbought area; bullish bias intact

Posted on July 12, 2017 at 8:43 am GMT

AUDUSD is currently trying to build an uptrend to reach the previous 3-month high of 0.7711. Even though the bullish bias is still intact, the risk could be skewed to the downside as the pair has crossed above the Bollinger band. The short-term picture is bullish as the pair has been trending above the 50-4-hour and the 200-4-hour moving averages (MA) since July 11. Furthermore, technical indicators also assert a bullish bias, with the RSI fluctuating above 50 whereas the [..]

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Forex Market Review (Asian Session) – Dollar slides amid new discoveries in Trump controversy; markets eye Yellen’s testimony

Posted on July 12, 2017 at 7:56 am GMT

The dollar fell to a more than one-week low against a basket of major currencies in late US trading yesterday, after U.S. President Donald Trump’s eldest son released an email chain citing Russian support for his father before last year’s U.S. election. The greenback continued trading lower for most of the Asian session today. The main focus of the day will be Federal Reserve Chair Janet Yellen’s testimony in Congress. President Donald Trump’s eldest son released emails last night that [..]

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