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Author Archives: Forex Crunch

USD/CAD Forecast July 24-28 2017

The Canadian dollar rally continued last week, as USD/CAD dropped close to 100 points. The pair closed at 1.2535, its lowest weekly close since June 2015. This week’s key event is GDP. Here is an outlook on the major market-movers and an updated technical ...

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AUD/USD Forecast July 24-28 2017

AUD/USD enjoyed another strong week, gaining 90 points. The pair closed at 0.7912, its highest weekly close since December 2014. The major event this week is CPI. Here is an outlook on the major market-movers and an updated technical analysis for AUD/USD. In Australia, ...

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AUD/USD: Doubts about the rally, at least short-term

The Australian dollar made a big breakout on RBA comments, but the same institution tried playing it down. What’s next? Here is their view, courtesy of eFXnews: AUD/USD: S/T Correction Likely On Position-Squaring Risk & RBA Comments – Credit Agricole ...

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EUR/USD Forecast July 24-28 2017

EUR/USD had an excellent week, breaking to much higher ground. The upcoming week features a mix of PMIs, GDP, and inflation figures. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD. ECB President Mario ...

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USD/JPY pressured lower – Forecast July 24-28

Dollar/yen extended its downward slide as the US dollar was hit, this time mostly by politics. The BOJ was in the background. Will this continue? Is this the beginning of a downturn or a necessary correction on the way up? ...

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Forex Weekly Outlook – July 24-28 2017

The US dollar suffered for another week, with significant breakouts in some currencies. Will the Fed hit it when it’s down or mark a turnaround? Apart from the Fed decision, the upcoming week features consumer confidence, GDP, and durables. Here are ...

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AUD/USD corrects and falls on new RBA dovishness

The RBA giveth, the RBA taketh away. At first, the statement by the Reserve Bank of Australia lacked any hawkish tones and weighed on the A$. Then came the meeting minutes that discussed a potential interest rate of 3.5% in ...

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