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Forex Analysis

Forex analysis provides analyst coverage of major currency price action

AUD/USD Forecast July 3-7

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

The Canadian dollar sparkled last week, as USD/CAD plunged 350 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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EUR/USD Forecast July 3-7 2017

EUR/USD finally made a breakthrough and reached the highest levels in nearly a year. Is this the beginning of a longer trend? The first week of July features PMIs and the ECB meeting minutes. Here is an outlook for the highlights of ...

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USD/JPY drifting higher – Forecast July 3-7

Dollar/yen drifted to the upside, as the Bank of Japan was left alone as the most dovish central bank. Has the downtrend channel been broken for good? We are still within the wider range: 108.10 to 114.30, but higher. This ...

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Forex Weekly Outlook – July 3-7 2017

The US dollar and the Japanese yen were on the back foot as optimism gripped markets Will the party continue? The first week of the second half features a full build up to the all-important Non-Farm Payrolls as well as ...

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Euro-zone CPI beats with 1.3% – EUR/USD ticks up

The preliminary inflation report for June was expected to show a slowdown in headline CPI from 1.4% to 1.2%. Core inflation was predicted to recover from 0.9% to 1%. Early indications were mixed: Spain’s measure missed expectations while Germany’s figure ...

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Euro-zone core CPI beats with 1.1% – EUR/USD wobbles

Better than expected inflation data in the euro-zone: headline CPI dropped to 1.3% but beat projections at 1.2%. More importantly, core inflation is bouncing back up to 1.1%, up from 0.9% and better than 1% predicted. EUR/USD initially advanced but ...

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UK GDP confirmed at 0.2%

The UK was expected to confirm the growth rate of 0.2% in Q1 2017. This is the third and final read of Gross Domestic Product. The second release was a downward revision from 0.3% to 0.2%. Year over year, a ...

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