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Forex Analysis

Forex analysis provides analyst coverage of major currency price action

EUR/USD: Trading the US Advance GDP

US Advance GDP is a measurement of the production and growth of the economy. Analysts consider GDP one the most important indicators of economic activity, and publication of Advance GDP could have a significant impact on the movement of EUR/USD. ...

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Trump Sends Peso Loonie

A Trump NAFTA backtrack sees an aggressive rally in both the Mexican Peso (MXN) and the Canadian Dollar (CAD) during the Asia session. It’s been a tough couple of days for America’s NAFTA partners, Mexico and Canada. Both had been ...

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Pound peeks at higher levels, peaks for now

GBP/USD reached 1.2915, the highest level since October. This is above the previous high of 1.2905 seen after the announcement of the UK elections on June 8th. After reaching the new high, Sterling became shy once again. Is this a ...

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ECB Preview: seeing the glass half full? 3 scenarios

The European Central Bank is not expected to change its policy at the April 2017 meeting. Nevertheless, the ECB always moves markets and this event will not be different. The key is the tone in Mario Draghi’s press conference. And the ...

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GBP: When Will The GBP Peak? Where To Target? – NAB

The pound is on the move higher after the elections announcement. After the initial move, it consolidated its gains. What’s next? Here is their view, courtesy of eFXnews: NAB FX Strategy Research notes that GBP has surged since the announcement of ...

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EURUSD, USDJPY and XAUUSD TA – April 27 2017

EURUSD intra-day analysis   EURUSD (1.0903): EURUSD formed an outside bar yesterday which comes after two straight days of solid gains posted by the common currency. With the ECB meeting due later today, the euro could be seen coming under ...

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