GBPUSD Slow and Steady Uptrend

Key Highlights British pound slowly grinding higher against the US dollar, but faces a monster resistance around 1.50. UK Rightmove House Price Index was released recently, which posted an increase of 1.6% in April 2015, compared to the preceding month. GBPUSD has formed a pivot area around 1.4920-30, which holds the key in the short term. UK RightMove House Price In...
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GBPJPY Testing Critical Support Area

Key Highlights British pound surged higher against the Japanese yen, but stalled around 178.00 area. GBPJPY is correcting lower, and approaching a monster support area where buyers might appear. Japanese Consumer Confidence released by the Cabinet Office posted a minor increase from the last reading of 40.9 to 41.7 in March 2015. Japanese Consumer Confidence Earli...
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USD – Housing Starts Report Ignited Bearish Pressure

Key Highlights US dollar was seen under pressure against more major currencies as the US housing starts data missed the forecast. US Housing Starts released by the US Census Bureau, at the Department of Commerce registered a reading of 0.926M in March 2015, compared to the preceding month and the forecast was lined up for 1.040M. US Initial Jobless Claims was also rel...
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Aussie Dollar Surges as Employment Report Beats Forecast

Key Highlights Aussie dollar climbed sharply higher during the Asian session as the employment report released in Australia exceeded the market expectation. Australian Employment Change released by the Australian Bureau of Statistics posted an increase of 37.7K, compared to the forecast of 15K in March 2015. Australian unemployment rate dropped to 6.1% in March whereas ...
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Can EURUSD Capitalize Moving Ahead?

Key Highlights Euro rocketed higher against the US dollar during the past sessions, as the latter one weakened across the board. EURUSD upside was stalled around the 1.0700 level, and currently moving lower. Today, the German consumer price index will be released by the Statistiches Bundesamt Deutschland, which is expected to increase by 0.5% in March 2015. Technical...
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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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