GBPUSD and UK CPI Aftermath

Key Highlights British pound looks nervous as the UK CPI report released today was below the forecast. UK Consumer Price Index released by the National Statistics posted a rise of 0.2% in March 2015, compared to Feb 2015. GBPUSD fell in an initial reaction and then later managed to trade back higher. Technical Analysis The British pound was seen trading lower agai...
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AUDJPY Trend Line Break Near?

Key Highlights Aussie dollar fell sharply against the Japanese yen, as the latter one gained a lot of buyers recently. Australian National Australia Bank Business Confidence released today came in at 3 in March 2015, up from the last reading of 0. AUDJPY has a major support around 91.00-90.80, which if breached could open the doors for more downsides. Technical Analy...
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EURGBP at Make it or Break Levels

Key Highlights Euro’s slide against the British pound gained pace as sellers managed to take it lower. EURGBP tested the 0.7200 support area where buyers just managed to protect the downside. Today, in the Euro zone the Portugal Consumer Price Index was released by Statistics Portugal, which posted a rise of 1.9% in March 2015, compared to the preceding month. Tech...
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USDCAD Likely To Recover Ground

Key Highlights Canadian dollar gained buyers this past week against the US dollar after the employment report, but failed to sustain momentum. USDCAD formed a major support at 1.2560 and traded back higher. Today, the US Monthly Budget Statement will be released by the Financial Management Service, which is expected to post a reading of $-43B. Technical Analysis T...
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NZDUSD at A Critical Juncture

Key Highlights New Zealand dollar continued to stay on the top against the US dollar, but faces a major resistance ahead. NZDUSD forming a breakout pattern, which if breached to the upside might call for more gains. Earlier today, the Chinese Consumer Price Index was released by the National Bureau of Statistics of China, which posted a decline of 0.5% in March 2015. ...
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GBPUSD Eyes BOE For A Break

Key Highlights British pound climbed higher recently against the US dollar, but failed around an important resistance area. In the UK, the BOE Interest Rate Decision will be announced by the Bank of England, which might cause heavy movements in GBPUSD. GBPUSD is forming a breakout pattern with support at 1.4850 and resistance ahead at 1.4950. Technical Analysis Th...
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EURGBP Might Struggle To Trade Higher

Key Highlights Euro traded higher against the British pound, but struggled to clear a major hurdle at 0.7350. EURGBP market sentiment looks bullish, but it is facing an important resistance which is stalling upside in the near term. Germany Factory orders will be released by the Deutsche Bundesbank, which is expected to increase by 1.5% in February 2015, compared to the...
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AUDUSD Gains As RBA Holds Interest Rate

Key Highlights Aussie dollar surges higher against the US dollar, as the RBA kept the interest rates at 2.25%. AUDUSD cleared a critical resistance area to open the doors for more gains moving ahead. Australian Retail Sales released by the Australian Bureau of Statistics increased by 0.7% in February 2015, compared to the forecast of 0.4%. RBA Interest Rate Decision ...
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USDJPY Next Leg Lower Underway

Key Highlights US dollar fell sharply against many majors including the Japanese yen as sellers stepped in. USDJPY broke a crucial support area to test 118.70 and eyes for more losses moving ahead. In the US, the ISM Non-Manufacturing Index will be released by the Institute for Supply Management (ISM), which is expected to come in at 56.5 in March 2015. Japanese Lead...
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US NFP Report to Spark Moves in USDCHF

Key Highlights US dollar weakened against the Swiss franc, as the greenback looks like nervous ahead of the key releases in the US. Today, the US nonfarm payrolls will be released by the US Department of Labor, which is expected to post an increase of 244K in March 2015, compared to the last rise of 295K. USDCHF forming a major resistance around 0.9660 and support at 0....
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