EURUSD Bulls Remain In Control Above 1.1400 Post Euro Zone CC

Key Highlights Euro enjoyed a nasty ride towards the upside against the US dollar, as the latter one weakened a lot recently. EURUSD climbed higher and broke an important resistance of 1.1400-20, which might act as a support moving ahead. Euro Zone Consumer Confidence released by the European Commission recently managed to post a better than expected reading of -6.8 in ...
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USDJPY Might Target Additional Weakness

Key Highlights US Dollar moved lower and likely to weaken further against the Japanese Yen moving ahead. US Initial Jobless Claims released by the US Department of Labor increased from the last revised reading of 273K to 277K. US continuing jobless claims came below the forecast and posted a reading of 2.254M. US Existing Home Sales, released by the National Associati...
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AUDJPY to Remain Under Pressure Around 91.20-40

Key Highlights Australian Dollar remains in a downtrend, and might continue to weaken against the Japanese Yen in the short term. There are many hurdles for buyers around 91.20-40, stalling the upside in the AUDJPY pair. Australian Foreign Exchange Transaction released by the Reserve Bank of Australia came in at 674M, which was lower compared with the last 2,922M. Jap...
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NZDUSD – Key Factors Suggest NZD at Major Turning Point

Key Highlights New Zealand dollar somehow survived from losses and managed to trade higher against the US Dollar. NZDUSD is facing a major resistance on the upside around 0.6600. New Zealand Producer Price Index Input released by the Statistics New Zealand posted a decline of 0.3% in Q2 2015, compared with the expectation of a 0.5% decrease. New Zealand Producer Price...
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USDCHF – 0.9800 is a Reaction Level within Range

Key Highlights US Dollar after a move higher against the Swiss Franc started consolidating, and currently waiting for a catalyst for a break. US Housing Starts released by the US Census Bureau, at the Department of Commerce registered a reading of 1.206M in July 2015, compared with the forecast of 1.190M. US Building permits came in at 1.119M in July 2015, which was bel...
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GBPUSD Looks Nervous and Awaits UK CPI Report for Next Move

Key Highlights British Pound looks nervous ahead of a key release in the UK today, as the GBPUSD traded lower. GBPUSD cleared an important support trend line to trade towards the 200 hourly moving average. UK Consumer Price Index, measuring the price movements by the comparison between the retail prices will be published by the National Statistics today. In Australia,...
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USDCAD – Crucial Break Noted

Key Highlights US Dollar managed to pop higher against the Canadian Dollar, and also managed to clear a major resistance area. US Empire State Manufacturing Survey conducted by the Federal Reserve Bank of New York declined to -14.92, whereas the market was expecting it to come in at 5 in August 2015. Canadian investment in foreign securities released by the Statistics C...
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EURUSD Could Trade Lower

Key Highlights Euro after trading above 1.1200 against the US dollar failed and traded lower. EURUSD breached an important support trend line to set the pace for more losses in the near term. In Japan, the Gross Domestic Product released by the Cabinet Office posted a decline of 0.4% in Q2 2015, which was a bit better compared with the forecast of -0.5%. UK Rightmove ...
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EUR Could Trade Higher versus YEN Ahead of Euro Zone CPI

Key Highlights Euro traded higher against the Japanese Yen, but it looks like it if finding resistance around 138.80. Euro Zone Consumer Price Index will be released by Eurostat today, which is expected to post a decline of 0.6% in July 2015. In New Zealand, the Retail Sales report released by the Statistics New Zealand registered an increase of 0.1% in the second quart...
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AUDUSD Poised For a Break

Key Highlights Aussie Dollar after trading close to the 0.7400 area against the US Dollar found resistance and traded lower. In the US, the retail sales published by the US Census Bureau posted an increase of 0.6% in July 2015, compared to the expectation of a 0.5% rise. US Initial Jobless Claims released by the US Department of Labor posted a rise from the last reading...
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