Aussie Dollar Primed for Gains against Yen

Key Highlights Aussie Dollar traded higher versus the Japanese Yen, and looks set for more gains in the near term. Australian National Australia Bank Business Confidence released during the Asian session came in at 10, up from the previous revised reading of 8. Australian NAB Business conditions were also up from the last revised reading of 6 to 11 in June 2015. Aust...
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GBPJPY – Critical Juncture Post JPN Industrial Production

Key Highlights British Pound surged higher against the Japanese Yen, but it found resistance around a major resistance zone. Japanese Industrial Production released by the Ministry of Economy, Trade and Industry declined by 2.1% in May 2015, compared with the preceding month. Japanese Capacity Utilization also posted a decline by 3% in May, which was also below the for...
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EURUSD Primed for a Break Despite Fears of Greece and EU

Key Highlights Euro remained elevated against the US Dollar despite all fears in the Euro Zone and Greece. EU meetings and Greek talks continue, as the Forex market eyes an outcome for the next move. Chinese Trade Balance released by the General Administration of Customs of the People’s Republic of China posted a trade surplus of $45.610B, compared with the forecast o...
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US Dollar Remains in Control Post Jobless Claims

Key Highlights US Dollar remains in control as the market sentiment is still in favor of buyers. US Initial Jobless Claims released by the US Department of Labor came in at 297K, whereas the market is expecting it to stay around 275K. US Continuing jobless claims increased to 2.234M, whereas the expectation was of 2.248M. Canadian Housing Starts released by the Cana...
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EURAUD Remains Elevated Post AUS Employment Report

Key Highlights Euro surged higher this week against the Aussie Dollar, as the latter one got hammered due to risk off sentiment. EURAUD climbed towards 1.4950-60 where it found sellers and currently correcting lower. Chinese Consumer Price Index is released by the National Bureau of Statistics of China remained flat at 0% in June 2015 whereas the market was expecting a ...
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AUDUSD Tumbles under 0.7400 as China’s Stocks Nosedived

Key Highlights Aussie Dollar is under bearish pressure, as Chinese stock market tumbled with China's Shanghai Composite Index falling 8%. AUDUSD traded to a new weekly low of 0.7391 and breached an important support area of 0.7400. In Japan, the Current Account released by the Ministry of Finance came in at ¥1,880.9B in May 2015, higher compared with the forecast of ¥...
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NZDUSD Poised for Declines Post the NZIER Business Confidence

Key Highlights New Zealand Dollar continued to weaken against most currencies, including the US Dollar. NZDUSD traded below 0.6680 and looks set for more declines in the near term. In New Zealand, the NZIER Business Confidence released by the New Zealand Institute of Economic Research came in at 5%, compared with the last 23%. NZIER Business Confidence Earlier du...
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US Dollar Continues To Gain Traction

Key Highlights US Dollar remained the first choice of investors, as it traded higher intraday against most of its counterparts. US Services Purchasing Managers Index (PMI) released by Markit Economics came in at 54.8 in June 2015, unchanged from the last reading. Canadian Ivey PMI released by the Richard Ivey School of Business came in at 55.9 in June 2015, i.e. above t...
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Euro Slides with No Resolution as Greece Rejected Bailout Offer

Key Highlights Euro fell and opened this week with a gap lower against most major currencies, including the US Dollar. According to reports, Greeks rejected the bailout offer with 'No' vote surpassing the 61 percent figure. In Australia, the ANZ job advertisements released by the Australia and New Zealand Banking Group Limited (ANZ) registered an increase of 1.3% in Jun...
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US NFP Aftermath: USD Lower

Key Highlights US dollar was seen correcting lower after critical releases during the start of the NY session. US Nonfarm Payrolls report was be released by the US Department of Labor, which came in at 223K in June 2015 whereas the market was expecting it to be around 230K. US unemployment rate ticked down from 5.5% to 5.3% in June 2015 more than the forecast. US NFP...
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