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Forex Analysis

Forex analysis provides analyst coverage of major currency price action

US new home sales disappoints with 569K

The US was expected to report a small drop of 1.5% in the annualized number of new home sales to 610K in April. In March, sales reached 621K before revisions. The Richmond Manufacturing Index was forecast to slip from 20 ...

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May 23 2017 analysis: Fundamental vs. Technical

1) Fundamental Today: The Markit Manufacturing PMI will be released for both France and Germany. The manufacturing sector dominates a large part of GDP. Results above 50 will be bullish signals for the EUR, whereas anything less than 50 will ...

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Can GBP/USD stay up or has it peaked?

The horrific bombing in the Manchester Arena found GBP/USD already under 1.30. What’s next? Here are two opinions about the next moves in cable. Here is their view, courtesy of eFXnews: GBP/USD: Needs A Fresh Catalyst To Stay Above 1.30 ...

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EUR/USD moving on up on its mojo and on Merkel

When nothing happens, EUR/USD goes up. That’s what we wrote last week. Growth is faster in the euro-zone than in the US. The ECB is nearing an end of QE while there are initial signs of hesitation among the ranks ...

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