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Author Archives: Forex Crunch

EUR/USD breaks resistance on weak US data

At times, a big bulk of US data is confusing, with the figures offsetting each other. This is not one of these cases. None of the figures beat expectations: retail sales numbers all missed and inflation data was mediocre at ...

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US data disappoints – USD crashes

Core CPI y/y came out at 1.7% as expected but all the other data figures disappointed. The US dollar is tumbling down. The US was expected to report a small rise of 0.1% in retail sales and 0.3% in the ...

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Draghi to attend Jackson Hole – will EUR/USD rise?

The European Central Bank is sending mixed messages regarding its next moves. On one hand, the economic situation is improving with growth picking up and employment on the rise. On the other hand, inflation, the ECB’s mandate, is hardly moving. ...

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USD/CAD: What’s The Post-BoC Trade? – Nomura

The Bank of Canada raised rates and also pushed forecasts and expectations higher. USD/CAD tanked. Can the C$ continue higher? Here is their view, courtesy of eFXnews: Nomura Research continues to look for another BoC rate hike by December after the ...

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AUD/USD tops 0.77 on Chinese trade, Yellen

The Australian dollar enjoys a “risk-on” sentiment and it has reasons to rise. The pair eyeing high resistance. The relative dovishness expressed by the RBA seems to have been forgotten. Yellen’s relative caution replaced it. The Fed Chair said they ...

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