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Author Archives: Forex Crunch

BOE may hike in August, if Brexit is resolved

UK inflation slightly beat expectations with 1.9% YoY.  The BOE has yet another reason to raise rates. Brexit is in the way of everything, so a decision will have to wait. The deceleration in inflation may have ended, or at ...

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GBP/USD does not like the short extension

GBP/USD is under pressure once again after consolidating. UK PM May is set to ask for a short Brexit extension rather than a long one. The technical picture is slightly less favorable. GBP/USD is trading in the low 1.3200s, down ...

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USD/JPY looks ready to rally ahead of the Fed

USD/JPY has stabilized in the mid-111.00s as tension mounts ahead of the Fed decision. The technical levels clearly point to the upside for the pair. The Technical Confluences Indicator shows a very dense cluster awaits dollar/yen around 111.50. It includes the Fibonacci 38.2% ...

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