CAN GDP To Set Tone By A Gain of 2% For Canadian Dollar

Key Highlights US dollar continued to gain strength against the Canadian dollar, and looks set for more gains moving ahead. Canadian Gross Domestic Product will be released by the Statistics Canada later today, which is expected to increase by 2% in the fourth quarter of 2014, compared to Q4 2013. In Australia, the RBA Interest Rate Decision was announced by the Reserve...
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AUDUSD Breaks Down; US AND EURO ISM Manufacturing PMIs Next

Key Highlights Australian dollar suffered losses recently against the US dollar and cleared an important support area. Australian AIG performance of the Mfg. Index was released by the Australian Industry Group, which registered a decline from 49 to 45.4. Australian Company Gross Operating Profits released by the Australian Bureau of Statistics declined by 0.2% in the fo...
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Japan Registers Rise To 3.6% In Unemployment; CPI Stable

Key Highlights Japanese yen was seen trading lower against most major currencies after a few critical releases in Japan. Japanese National Consumer Price Index published by the Statistics Bureau registered a rise of 2.4% in January 2015, which is the same as the last reading of 2.4%. Japanese National CPI Ex Food, Energy increased by 2.1% in January 2015, compared to sa...
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Euro Eyes German Employment Report and Consumer Confidence

Key Highlights Euro buyers managed to gain traction against the US dollar, but awaits key releases in the Euro zone for further action. German Unemployment Change report will be published by the German Statistics Office, which is expected to register a reading of -10K. Euro zone Consumer Confidence will also be released by the European Commission, which is expected to r...
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Dollar Fails To Capitalize On Hawkish Yellen; New Home Sales

Key Highlights Fed’ Yellen was all hawkish in her recent speech, but that failed to ignite buying interest in the US dollar. On the other hand, the US dollar was seen losing ground against currencies such as the British pound, New Zealand dollar and the Aussie dollar. In the US, the number of new home sales will be released by the US Census Bureau, which is expected t...
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NZDUSD Dives As RBNZ Inflation Expectation Misses Forecast

Key Highlights New Zealand dollar traded lower against the US dollar and tested the 0.7460 support area. Earlier today, the Inflation Expectations was released by the Reserve Bank of New Zealand which came in at 1.8%, down from the last reading of 2.1%. Fed’s Yellen is scheduled to testify today, which might cause a lot of volatility in the US dollar. NZDUSD has a c...
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Euro Nervous against the USD Ahead of German IFO Index

Key Highlights Euro gained this past week against the US dollar and it looks like it might continue to trade higher. German business sentiment index will be released by the CESifo Group, which is expected to register a rise from the last reading of 106.7 to 107.7. In the US, the Existing Home Sales will be released by the National Association of Realtors which is foreca...
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Eyes The EURO and US Manufacturing PMIs As Dollar Gains

Key Highlights Euro after moving lower consolidates losses and awaits for key releases lined up today during the London session. Euro Area Manufacturing Purchasing Managers Index (PMI) will be released by the Markit Economics, which is expected to register a rise from the last reading of 51.0 to 51.5. German Manufacturing Purchasing Managers Index (PMI) will also be rel...
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FOMC Minutes Aftermath, Dollar and Gold Reactions

Key Highlights US dollar declined to some extent, as the FOMC meeting minutes failed to live up to the expectation of the market. Euro and the British pound surged higher and traded close to 1.1420 and 1.5450 respectively. Japanese Merchandise Trade Balance Total released by the Ministry of Finance registered a lower than expected trade deficit with a reading of ¥-1,17...
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GBP Eying Claimant Change and Unemployment Report For Break

Key Highlights British pound trades in the positive territory ahead of a major release in the UK. UK Claimant Change and Unemployment rate report will be released by the National Statistics today, which might cause swing moves in GBPUSD. The minutes of the BoE MPC meetings will also be published, which is another high-risk event. GBPCHF pair is heading towards an impo...
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