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Forex Analysis

Forex analysis provides analyst coverage of major currency price action

ADP NFP misses with 158K – USD drops

Only 158K jobs were added in the private sector in June according to ADP. The figure for May was revised down to 230K, still way above the BLS figure. This is a worse outcome than expected. While this doesn’t necessarily ...

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EUR/USD jumps on ECB meeting minutes

Has EUR/USD ended its correction to the downside? A lot depends on the Non-Farm Payrolls, but the euro has its own reasons to rise. The ECB released its meeting minutes and it shows they discussed removing the easing bias. This ...

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EURGBP and German Dax Analysis

EURGBP looks to have completed a corrective rally within red wave b) or ii) around 0.8816 region, from where a new drop lower followed. We now see a current weakness as part of red wave c) or iii), which can ...

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UK Services PMI at 53.4 – within expectations

The third and last purchasing managers’ indicator for the US is the most important one: the services PMI. 79% of the UK economy services. GBP/USD extended its decline, trading around 1.29, which serves as a line of support. Further support ...

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