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Tag Archives: crunch

US GDP Q1 revised to 0.8%

The United States was expected to upgrade the GDP estimate for Q1 2016 to an annualized level of 0.9% instead of 0.5% reported in the first release. See how to trade the US GDP with EUR/USD The US dollar gained some ground ahead of the publication. Later in the day we have a revision of...

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EUR/USD trading the range – all eyes on US GDP

After durable goods orders left the greenback leaning lower, we have more hard data from the US: an update on GDP. Will this help the greenback? EUR/USD is trading nicely in a well defined range ahead of the event. Also watch out for a late speech by Janet Yellen, yet ...

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US Pending home sales rise 5.1% – EUR/USD slides in range

Sales of pending homes advanced 5.1% in April, better than a modest rise of 0.6% expected. While this may not be the most important indicator, not in absolute terms nor for the housing sector, this allows EUR/USD to slide back down in range. Earlier, durable goods orders beat expectations...

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Durable goods orders mostly beat – USD mixed

Mostly good news from the US: durable goods orders beat with +3.4%. In addition, the previous figure was revised up from 1.3% to 1.9%. Core orders are up 0.4%, also this comes on top of an upwards revision for March, which now flips from ...

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USD retreats ahead of hard data

The greenback slides against most currencies in an oil-inspired risk-on sentiment. Now, we finally get some hard data: durable goods orders will give us some significant figures on Q2 growth and investment trend eyed by the Fed. Also watch out for jobless claims, pending home sales and two Fed...

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BOC not too dovish – USD/CAD falls

As expected, the Bank of Canada leaves rates unchanged at 0.50%. The statement is not extremely dovish. They see current monetary policy as appropriate and do not provide hints of further rate cuts. Regarding the inflation mandate, the BOC sees risks as roughly balanced.  USD...

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Canadian dollar ready to rock

A better market mood with positive US data helps commodity currencies including the Canadian dollar. The loonie is now in the limelight with a rate decision from the BOC and crude oil inventories. Is the mood too positive for the C$? Is there ...

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Greek crisis: IMF surrenders to Germany – can kicked again

In a late night meeting in Brussels, the IMF surrendered to German demands and agreed that talking about Greece’s debt will actually begin only after the Third Bailout ends in 2018. This is not-by-coincidence after the German elections in October 2017. Germany did not want any debt relief for ...

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EURUSD , GBPUSD , USDJPY and XAUUSD TA – May 25 2016

EURUSD Daily Analysis   EURUSD (1.115): EURUSD declined to 1.1150 minor support yesterday posting a low at 1.1140. Price action is likely to see a short term reversal around the current levels to rally back towards 1.120. The untested resistance level which previously acted as support...

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Back to risk – Live Market Open

The mood is more positive in markets with commodity currencies looking stronger, the yen looking weaker and more optimism in general. Will this prevail? The euro is still looking for a direction. Join me for a live market open, hosted by...

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