Euro climbed higher against the Aussie dollar and broke an important resistance to trade near 1.4080. EURAUD forming a major support at 1.3900, which must hold for more upsides moving ahead. In the Euro zone, the German import price index will be released by Deutsche Bundesbank, which is expected to rise by 0.7%. EURAUD’s move […]

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The US dollar erased previous gains and fell back in to red against the yen in the Asian session, resuming its downward correction trend post FOMC, largely as the US dollar corrects gains seen in the US last session. USD/JPY capped by 5-DMA Currently, the USD/JPY pair trades lower by -0.10% near fresh session lows […]

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16/3/2015 US FOMC meeting and an interest rate hike for June The American dollar aims to close the week at record highs against most of its rivals, as the next FOMC meeting looms: the US Federal Reserve will have its monthly meeting this Wednesday, March 18th.

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Market movers today The two-day EU-leader summit in Brussels will conclude today before noon. Greece is not formally on the agenda but Greek Prime Minister Alexis Tsipras is expected to hold separate meetings with ECB president Mario Draghi, German Chancellor Angela Merkel and the European Commission and Council in connection with the summit. According to […]

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It is a very busy day for the UK with employment data, the BoE minutes, and the budget in the limelight, further forecasting the unemployment rate to slip lower to 5.6%. Key Quotes “We look for the unemployment rate to slip at least 0.1ppts lower to 5.6% in Jan, in line with consensus but the […]

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USD/JPY dropped to fresh lows ahead of Europe open, as the yen strengthened versus its US counterpart reacting to the Bank of Japan’s (BOJ) Governor Kuroda’s positive comments at the BOJ press conference. USD/JPY falls from below 121.37 levels Currently, the USD/JPY traded unchanged at 121.34, quickly recovering from session lows posted at 121.29 post […]

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The American dollar aims to close the week at record highs against most of its rivals, as the next FOMC meeting looms: the US Federal Reserve will have its monthly meeting this Wednesday, March 18th. Patient In the January policy meeting, the FED came out with a pretty hawkish tone, anticipating a rate hike for […]

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AUD/USD saw its lowest print at 0.7684, with Chinese trade balance figures over the weekend to blame, as we saw a major drop in imports, a negative input for the Australian economy, which depends heavily in trade activity with the ‘Big Panda.’ AUD/USD looks poised to target 0.7625, notes Valeria Bednarik, Chief Analyst at FXStreet. […]

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