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Author Archives: Forex Crunch

Forex Weekly Outlook – June 19-23 2017

The US dollar advanced nicely thanks to the Fed’s hawkish hike. Can it continue advancing? The Fed can continue influencing currencies thanks to speeches from top Fed officials. In addition, we have housing data from the US and other events. Here are ...

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US consumer confidence misses with 94.5 –

The University of Michigan / Reuters consumer confidence measure was expected to remain unchanged at 97.1 points in June. This is the preliminary release. The US dollar was ceding a bit of ground after making Fed-related gains since Wednesday evening. ...

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The beginning of a softer Brexit? GBP/USD recovers

While the inconclusive UK elections sent the pound on political uncertainty, some hope for a softer Brexit emerged. And indeed, we are beginning to hear some positive signs. The British Chancellor of the Exchequer Phillip Hammond has put jobs as ...

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EUR/USD fights back, recapturing lost support

EUR/USD is making a move to the upside, trading around 1.1180. It recovered from the lows of 1.1138. More importantly, the pair is above the 1.1160 level it seemed to have lost. Earlier this week, EUR/USD reached new 7-month highs ...

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GBP/USD: What’s next after the hawkish BOE?

No less than three MPC members voted for raising interest rates, up from a lone vote last time. Rising inflation is becoming a worry for the BOE. What does this mean for the pound? Here is their view, courtesy of ...

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