Key Takeaways Euro is trading around critical levels against the Japanese yen as a break either lower or higher might produce a convincing move. Italian business confidence and PPI report are the only releases worth keeping an eye on today. A break below 146.50 support area might be very bearish for the EURJPY pair. Recent […]

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The US economic data releases are expected to remain light over this week amid year-end holidays making way for a smooth entry into 2015. The release schedule will pick up on Tuesday with the consumer confidence index from the Conference Board. The gauge is expected to rebound to 94.0 points in December from 88.7 in […]

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Australian Dollar: Whilst global stocks have rallied off the back of renewed investor confidence which surrounds the health of the world’s largest economy the Australian dollar by contrast has struggled over the past three days of trade weighed down by heightened rate forecasts across the United States. Having traded in a tight range of 0.8130 […]

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The US dollar enjoyed wide gains in the last full week before the holidays. Will the ride continue also on thin liquidity? GDP data from Canada and the US, US Durable Goods Orders, New Home Sales, and unemployment claims are the major topics in Forex calendar. heck out these events on our weekly outlook. Last […]

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Gold futures posted the longest slump in five weeks on concern that the Federal Reserve is moving closer to raising U.S. interest rates, crimping demand for the precious metal as an alternative investment. In the third quarter, gold fell 8.4 percent as the U.S. economy gained. The Fed begins a two-day meeting tomorrow and policy […]

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EUR/USD The EUR/USD pair closed last week with gains but not before a new low for the year was recorded at 1.2246. In fact, the dollar edged lower against most of its major rivals, exception made by commodity currencies, weighed by oil slump. Regarding the dollar, the American currency is being dragged down by slumping […]

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The dollar is generally lower again today as concerns grow over the direction of global economic growth after another steep selloff in oil prices, which saw WTI fall towards $60 pb. Global stocks did not like it either and a general risk-off attitude has returned to the market, allowing the Euro to benefit today at […]

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The last few weeks is a period the Australian dollar would rather forget as it has continued to decline and move to multi-year lows near 0.83 to finish last week. It has started this week edging a little lower falling below 0.8270 before climbing back to 0.83. A couple of weeks ago it enjoyed some […]

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Euro hammered by decoupling trade On Wednesday, the euro was hit hard as the weak EMU services PMI contrasted sharply with ongoing strong readings in the US and in the UK. EUR/USD slipped below the 1.2358 year low and settled in the low 1.23 area. Later in the session, the dollar remained well bid across […]

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At its monetary policy meeting today, the RBA Board decided to leave the cash rate unchanged at 2.5 per cent, with the statement retaining its neutral rhetoric. Key headlines – via Reuters A$ still above estimates of fundamental value, given falling commodity prices Inflation to be consistent with target band Most data consistent with moderate […]

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