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Forex Analysis

Forex analysis provides analyst coverage of major currency price action

NZD/USD hit by a cautious RBNZ

The Reserve Bank of New Zealand managed to hit the kiwi when it was down. The recent improvement in the employment situation created expectations for a more hawkish central bank, but the RBNZ remained neutral and especially cautious. The policy is ...

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USD/CAD – has many things going for it [Video]

The Canadian dollar is the anti-hero of the commodity crash, bearing the brunt of the slide. USD/CAD is at the highest since early 2016. In addition, there are more reasons to sell the loonie: housing worries and trade trouble with ...

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Carney Carnage: 3 factors that weigh on the pound

The Bank of England’s Super Thursday is super indeed. Despite worries for a muted outcome given the elections, the BOE sparks volatility. GBP/USD is falling. They did try to keep things balanced, but there are a few worrying things that come out. ...

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BOE votes 7:1 – GBP falls

The Bank of England was expected to leave its policy unchanged one month ahead of the UK elections. Last time, one member voted for a rate hike, but a unanimous vote was on the cards now. In addition to the decision, the ...

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GBP/USD slides on poor data ahead of the BOE

The British pound is on the move, not waiting for the BOE’s “Super Thursday”. Sterling is falling as all the figures align to the downside. GBP/USD dropped some 25 pips and trades at 1.2917. The goods trade balance showed a ...

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WTI recaptures broken triple bottom – CAD follows

Oil is making a comeback. Prices had already stabilized after the big crash last week when the inventory news broke out. The amount of crude stored in inventories dropped by 5.2 million barrels, far more than official expectations for a slide ...

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