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Forex Analysis

Forex analysis provides analyst coverage of major currency price action

UK manufacturing PMI misses with 54.3 – GBP falls

Markit’s manufacturing purchasing managers’ index was expected to tick down from 56.7 to 56.4 points in June. This is the first PMI out of three, with construction tomorrow and services report on Wednesday. GBP/USD was trading just under 1.30 ahead ...

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AUD/USD unimpressed from better Chinese growth prospects

The independent measure of China’s manufacturing sector, the Caixin manufacturing PMI, advanced above the 50=point threshold. At 50.4, the indicator not only returned to growth territory but also beat expectations that stood at 49.8 points for June. The Australian dollar ...

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AUD/USD Forecast July 3-7 2017

AUD/USD reversed directions last week and gained 110 points. The pair closed at 0.7683. This week’s key indicators are Retail Sales and the RBA rate statement. Here is an outlook on the major market-movers and an updated technical analysis for AUD/USD. There ...

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USD/CAD Forecast July 3-7 2017

The Canadian dollar sparkled last week, as USD/CAD plunged 300 points. The pair closed at 1.2946, its lowest weekly close since August 2016. This week’s key event is Employment Change. Here is an outlook on the major market-movers and an updated technical analysis ...

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GBP/USD Forecast July 3-7 2017

GBP/USD soared last week, gaining 250 points. The pair closed at 1.3015, the first weekly close above the 1.30 level since May. This week’s highlights are the PMI reports. Here is an outlook for the highlights of this week and an updated ...

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