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Author Archives: Forex Crunch

EUR/USD: Inflation data could start the next rally

EUR/USD extended its Draghi-driven rally and reached a peak at 1.1435. This is the highest level in over a year, above the Brexit day high. From there, the pair slipped back and is “hugging” the 1.14 level. The euro probably ...

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US GDP upgraded to 1.4% – USD hardly rises

Better than expected growth in the US: 1.4% in the final read for Q1 2017. This is an annualized figure. Quarter over quarter it is around 0.35%. The upwards revision is mostly due to an upgrade in personal consumption: 1.1% ...

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US GDP upgraded to 1.4%

The third and final read of US GDP was expected to confirm a growth rate of 1.2% annualized in Q1 2017. In the second read, the number was upgraded from an even worse 0.7% to its current 1.2%. Q2 will ...

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USD/CAD comfortable under 1.31 – heading to 1.30?

The Canadian dollar continues marching forward, taking advantage of whatever it can. UDS/CAD is getting comfortable under 1.31 with the low so far standing at 1.3076. The initial boost to the C$ came from the Bank of Canada, which switched ...

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GBP/USD jumps above 1.29 as Carney goes hawkish

Bank of England Governor Mark Carney says that the removal of some of the stimulus may be necessary. So far, Carney was in the dovish camp, battling opposition from within. Three out of eight members voted for a rate hike ...

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