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Forex Analysis

Forex analysis provides analyst coverage of major currency price action

Dollar Rebounds After Horrid Week

Market Drivers August 1, 2016 CNY PMI bit mixed but steady EZ PMI Manufacturing beats Nikkei 0.40% Dax 0.65% Oil $41/bbl Gold $1356/oz. Europe and Asia: CNY PMI 49.9 vs. 50.0 CNY Private PMI 50.6 vs. 48.7 EUR PMI Manufacturing 52 vs. 51.9 GBP UK PMI Manufacturing 48.2 vs. 49.1 North America: USD ISM Manufacturing 10:00 USD Construction Spending 10:00 Dollar rebounded somewhat on ...

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No Love for the Buck Post FOMC

Market Drivers July 28, 2016 Dollar down across the board post FOMC GE Employment improves Nikkei -0.69 Dax 0.05% Oil $42/bbl Gold $1349/oz. Europe and Asia: AUD Export Prices 1.4% vs. 2.9% EUR GE Unemployment -7K vs. -2K North America: USD Weekly jobless claims 8:30 USD Trade in Goods 8:30 The ...

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Will FOMC Help or Hurt the Dollar?

Will FOMC Help or Hurt the Dollar? Daily FX Market Roundup 07.26.16 Taking a look at the day to day change in the U.S. dollar, it may seem that there was very little consistency in the performance of the greenback ahead of Wednesday’s...

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USD/JPY Crumbles on Puny Stimulus Projections

Market Drivers July 26, 2016 USDJPY sinks 2 big figures on disappointment of stimulus Cable bounces off lows Nikkei -1.60% Dax 0.14% Oil $42/bbl Gold $1329/oz. Europe and Asia: GBP UK BBA Loans 40B vs. 38B North America: USD PMI Services 9:45 USD Consumer Confidence 10:00 USD New Home Sales 10:00 USDJPY dropped nearly two big figures in a ...

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Monday Profit Taking Drives Dollar, Stocks Lower

Monday Profit Taking Drives Dollar, Stocks Lower Daily FX Market Roundup 07.25.16 It was a quiet day in the foreign exchange market with the U.S. dollar trading lower against most major currencies. The only piece of U.S. data on the calendar was the Dallas Fed manufacturing index and the stronger than expected outcome failed ...

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EURO Update – Our Main Takeaways from ECB

EURO Update – Our Main Takeaways from ECB Daily FX Market Roundup 07.21.16 The primary focus today for FX traders was the European Central Bank’s monetary policy announcement and unfortunately the ECB failed to impress. The decision to leave asset purchases and interest rates unchanged was widely anticipated ...

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Will EURO Finally Crack 1.10 on ECB?

Will EURO Finally Crack 1.10 on ECB? Daily FX Market Roundup 07.20.16 For the past 24 hours EUR/USD has been flirting with 1.10. The currency pair traded above and below this key level but so far there hasn’t been a meaningful break. Traders are clearly waiting for Thursday’s European Central Bank meeting and are ...

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