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US Dollar May Rise on Fed Optimism, European Political Woes

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Fundamental Forecast for the US Dollar: Neutral US Dollar rebounds as Comey ducks bombshells in testimony Steady Fed rate hike forecast may see the recovery extended European political instability jitters might offer more support Want to discuss the market outlook with a DailyFX analyst? Sign up for a live webinar! …

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Canadian Dollar Unchanged Awaiting UK Election Results

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The was almost flat on Thursday trading despite the European Central Bank (ECB) releasing its and the awaited testimony of former FBI director James Comey before the US Senate Intelligence Committee regarding his meetings with President Donald Trump and the ongoing investigation with members of the Trump administration and Russia …

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Asian Stocks Hold Up Despite UK Election Shock, GBP Sinks

asia asian

Talking Points: Asian stocks were mostly slightly higher on Friday The UK’s surprise election result hit the Pound, but damage so far has been limited to that Huge uncertainty remains however, as the UK Conservative party considers coalition Give your Asian market trading strategy a tune-up with the DailyFX guide …

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Australia’s Economy Expanded Faster-Than-Expected In The First Quarter

australia flag australian flag

    For the 24 hours to 23:00 GMT, the AUD rose 0.36% against the USD and closed at 0.7514. LME prices declined 0.8% or $46.0/MT to $5540.5/MT. Aluminium prices declined 1.3% or $24.5/MT to $1893.0/MT. In the Asian session, at GMT0300, the pair is trading at 0.7536, with the …

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USD/JPY Technical Analysis: It Could Get Scary Below These Levels

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What can traders expect from USD/JPY in a year of US rate hikes? Here are our thoughts. Talking Points: USD/JPY technical strategy: a close < 110 on closing shifts basis to bearish Breakdown < 110 could signal JPY strength toward 107/08 per USD USD/JPY testing November trend line and Ichimoku …

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US Dollar May Extend Recovery on Upbeat Payrolls Data

forex money

Talking Points: Yen falls, Aussie and NZ Dollars rise markets’ mood improves in Asia US employment now in focus, with leading surveys looking optimistic Firm payrolls data may boost post-June Fed rate hike bets, US Dollar The anti-risk Japanese Yen fell while the sentiment-sensitive Australian and New Zealand Dollars traded …

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Australian Dollar Vulnerable to China PMI Disappointments

australia

Talking Points: China’s official and private purchasing managers indexes are due this week Neither is expected to shine with seven month lows expected for both However, investors in China plays should be wary of disappointments Alright it’s your most hated currency, but who shares your distaste? Find out at the …

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