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Author Archives: Forex Crunch

USD/JPY Forecast April 11-15

The Japanese yen continues to surge, as USD/JPY plunged 370 points last week. The pair closed at the 108 line. There are six events on this week’s schedule. Here is an outlook on the major events moving the yen and an updated technical analysis for USD/...

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EUR/USD Forecast Apr. 11-15

EUR/USD made a move to higher ground but was rejected on high resistance. Will this be followed by another move up? It now faces final inflation figures among other events. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD. German factory orders ...

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Forex Weekly Outlook April 11-15

The Japanese yen was the king in the past week, frustrating Japanese officials. Inflation data in the UK and the US, Retail sales PPI, and Consumer sentiment in the US, rate decisions in the UK and Canada, Employment data in Australia stand out. These are the main events...

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Yentervention ahead, GBP/USD and EUR/GBP range play

“BoJ Intervention likely” says Steven Woodcock, Senior Analyst at Plutus FX, as we look at the technical outlook for GBP/USD, EUR/GBP, EUR/USD and USD/JPY in today’s Forex Forecast video, joined by Zak Mir, Technical Analyst at ZaksTradersCafe. Key Quotes ...

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Canadian employment beats – USD/CAD falls to 1.30

Canada reported a gain of no less than 40.6K, around 4 times the early expectations. In addition, the unemployment rate fell to 7.1%, also a big beat. The vast majority of jobs came from full time jobs: 35.3K jobs were full time positions. The participation rate remained unchanged at 65.9%, making the...

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EURUSD , GBPUSD , USDJPY and XAUUSD TA – April 8 2016

EURUSD Daily Analysis EURUSD (1.13): EURUSD remains trading sideways despite the market turmoil and the flight to safety, seen yesterday. The daily chart for EURUSD shows no conclusive evidence for the moment, clearly showing that the momentum is flat at the moment. Resistance at 1.147 remains in place and is pending a test...

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Yen remains volatile

We’ve seen a modest reversal in the yen overnight after the move below 110 on USDJPY appeared to trigger a wave of stops to below the 108 level as longer-term positions were shaken out of the market. Comments from Finance Minister Aso overnight referred to the undesirability to rapid yen movements, referring to recent movements The ...

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UK data looks bad – GBP/USD turns down

All the UK figures missed expectations and they were also accompanied by downwards revisions across the board. Manufacturing fell 1.1% m/m and 1.8% y/y. Industrial output dropped 0.3% m/m and 0.5% y/y. The trade balance stands at -11.964 billion but at least it’s not worse than the significantly...

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