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Author Archives: Forex Crunch

AUD/USD could slip back to 0.7330/0.7300 – UOB

In view of FX Strategists at UOB Group, the Aussie Dollar could drop to the 0.7330/0.7300 band vs. the greenback in the next weeks. Key Quotes 24-hour view: “AUD hit a fresh 2018 low of 0.7347 before rebounding quickly. The ...

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Fed’s Powell: Strong case for gradual rate hikes

Jerome H. Powell, Chairman of the Board of Governors of the Federal Reserve System, is now speaking at the ECB’s panel titled ‘Price and wage setting in advanced economies.’ Key quotes (via Reuters) Strong case for gradual rate hikes. Flatter Phillips Curve ...

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US Dollar retreats from tops, tests 95.00

The index fades initial optimism and is now testing 95.00. US 10-year yields sidelined around the 2.90% area. US Current Account deficit widened to $124.1 billion in Q1. The US Dollar Index, which tracks the greenback vs. its main competitors, ...

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US: Exposing China’s other vulnerability – AmpGFX

Greg Gibbs, Analyst at Amplifying Global FX Capital, suggests that there is the risk that a confidence hit from US tariffs might bring to the surface other vulnerabilities; including signs that Chinese corporate debt excesses are becoming a problem. Key ...

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GBP/USD: How low? – Rabobank

Jane Foley, Senior FX Strategist at Rabobank, suggests that they see risk that cable will trade below the GBP/USD1.30 in the coming months and their end of year forecast is GBP/USD1.28. Key Quotes “Based on the hope that Brexit would ...

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