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Tag Archives: cad

GBP/USD slips below critical support – 3 political reasons

The British pound continues suffering and drops below the critical support line of 1.4050, a double bottom in recent weeks. If confirmed, the pair has potential for a free fall, perhaps all the way to challenge the 6 year lows of 1.3840. Here are 3 reasons for the fall of the ...

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EUR/USD: ‘Torturing The Bears’: What’s Next? – BofA Merrill

EUR/USD is off the highs but also refusing to fall. What’s next? The team at Bank of America Merrill Lynch explains how markets are torturing the bears: Here is their view, courtesy of eFXnews: Themes: the Fed in the driver’s seat. Our last report argued that the March ECB meeting would be the...

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AUD/USD Slumps, USD Looks To Fed Speech Later On

Aussie dollar underperformed overnight. Euro dips prior to the ECB minutes earlier on today. USD waiting for Fed talk in the evening. The Aussie dollar had a poor performance overnight due to disappointing unemployment news which came in higher at 6% ...

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Australian Dollar Poised For Gains Against Kiwi Dollar

Australia’s Employment Change report will be released by the Australian Bureau of Statistics tomorrow, which may cause moves in AUDUSD, AUDJPY and AUDNZD. The Australian Dollar was seen surging higher against the Kiwi Dollar, as the latter one weakened ...

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AUD/USD: No Change In Trend

The Australian dollar declined as the global stocks rout started following the selloff in China’s stock market since the new year. The Reserve Bank of Australia didn’t cut the interest at its policy meeting. Will the Australian dollar continue weakening?

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AUD/USD – Aussie Higher As Markets Eye Fed, RBA

The Australian dollar has gains on Wednesday, as AUD/USD trades at the 0.71 line in the European session. In economic events, Australian Westpac Consumer Sentiment posted a sharp gain of 4.2%. On Wednesday, market focus will be on the central banks of the ...

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AUDUSD Drops Below Ascending Trend-Channel Support

Following its pullback from 0.7215-20 important resistance confluence, encompassing upper-line of a month old ascending trend-channel and 38.2% Fibonacci Retracement of June 2015 – January 2016 downside, the AUDUSD dropped below 0.7070 mark that includes ...

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Forex Market: USD/CAD daily trading forecast

2. USD/CAD moved almost equally in the opposite direction compared to AUD/USD during the past week. 3. The correlation between USD/CAD and NZD/USD was moderate during the period in question. Author: Miroslav Marinov Miroslav Marinov, a financial news ...

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