EUR/USD – Euro Steady After Cautious Yellen Speech

June 8, 2016
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EUR/USD is subdued on Tuesday, continuing the lack of activity which marked the Monday session. The pair is trading at 1.1370. On the release front, German Industrial Production posted a gain of 0.8%, matching the forecast. There are no major US events on the schedule, so it could be another quiet day for EUR/USD. The...

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Brexit Polls Give It All Back To Pound

June 8, 2016
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Five things the markets are talking about Yesterday, traders were fully focused on what Yellen would say in Philadelphia. Was capital markets going to get the inside track on the timing of future rate hikes by the Fed? Would there be any hints that last Friday’s horrid non-farm payroll (NFP) report was all, but...

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Monday June 6 2016 -forex early indications

June 7, 2016
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Welcome to the new trading week Early indications for the start of forex trading for the week EUR/USD -20 pips to 1.1347 USD/JPY +15 pips to 106.68 GBP/USD -16 pips to 1.4501 USD/CHF +14 pips to 0.9773 USD/CAD +8 pips to 1.2945 AUD/USD -5 pips to 0.7365 NZD/USD -9 pips to 0.6551 The euro...

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APAC Currency Corner – Will NFP provide the magic bullet for the US dollar?

June 7, 2016
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Aussie – trading heavy Following up on  Wednesday’s unexpectedly strong Q1 GDP report, Australia printed a much narrower-than-expected trade deficit of AUD1.6bn in April – the smallest in 14 months. But surprisingly the data failed to inspire. The Aussie dollar has had a difficult time this week capitalising on strong domestic data. Instead, traders continued to fade...

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Top trade idea for June 6th, 2016 – EUR/CAD

June 7, 2016
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Trading opportunities for currency pair: the EUR/CAD has restored to the upper limit of the “1-1” channel. Since the NZD/CAD has broken through the trend line on the daily time-frame and the EUR/CAD and NZD/CAD have a positive correlation, it’s highly likely that it could shoot to 1.5077. The target is by the upper...

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APAC Currency Corner – NFP fallout gets ugly

June 7, 2016
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The much weaker-than-expected US payrolls print for May left markets reeling. US equities slipped while the USD fell sharply. But the most significant adjustments were the shifts in near term pricing for the Fed. The probability of a June rate hike implied by Fed fund futures fell to 4% from a high of 34%...

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