GBP/USD Rallies Post a Flurry of Economic Releases

Key Highlights British Pound gained heavy bids Intraday against the US dollar, and traded above 1.5600. UK Consumer Price Index released by the National Statistics increased by 0.1% in May 2015, compared with the same month a year ago. UK Core Consumer Price Index rose by 0.9% in May 2015, compared with May 2014. Producer Price Index Input decreased by 0.9% in May 201...
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AUDUSD Key Reversal Could Trigger Next Rally Higher

Key Highlights Aussie Dollar traded higher against the US Dollar, as buyers were seen active during the past couple of sessions. Australian New Motor Vehicle Sales released by the Australian Bureau of Statistics increased by 0.8% in May 2015, compared with the same month a year ago. RBA meeting minutes were released during the Asian session in which the central bank con...
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Dollar Slides Post Disappointing US Production Report

Key Highlights US Dollar was seen trading lower against a basket of currencies, including the Japanese Yen. The Empire State Manufacturing Survey conducted by the Federal Reserve Bank of New York came in at -1.98 in June 2015, whereas the market was expecting an increase to 5.20. US Industrial Production released by the Board of Governors of the Federal Reserve declined...
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EURUSD Poised for Declines Ahead of Euro Area Trade Balance

Key Highlights EURUSD after trading close to 1.1300 failed and currently remains at a risk of declines. Euro Area Trade Balance report will be released by the Eurostat today, which is expected to post a trade surplus of around €19B. In the UK, the Rightmove House Price Index was released during the Asian session, which registered an increase of 3% in June 2015. EUR...
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GBPUSD Defies Gravity, Looks to Trade Higher Moving Ahead

Key Highlights British Pound traded higher Intraday against the US Dollar, and broke a critical resistance area. GBPUSD is facing a major resistance on the upside around 1.5550 where sellers might struggle in the near term. In New Zealand, the Business NZ PMI released by the Business NZ posted a minor decrease from the previous revised reading of 51.7 to 51.5 in April 2...
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USDCHF Higher Post US Retail Sales Data Increasing 1.2%

Key Highlights US Dollar continued to gain traction against the Swiss Franc, as the economic releases in the US were on the impressive side. US Retail Sales report released by the US Census Bureau registered an increase of 1.2% in May 2015, compared to the expectation of a 0.7% increase. US Initial Jobless Claims released by the US Department of Labor posted a reading o...
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Aussie Dollar Facing an Uphill Task Post Employment Report

Key Highlights Aussie Dollar rocketed higher during the Asian session, as the employment report released in Australian was better-than-expected. Australian Employment Change released by the Australian Bureau of Statistics came in at 42.0K in May 2015, compared to the expectation of 11.0K. AUDJPY pair surged higher after the report was published, but facing an important ...
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NZDUSD – Is This a Real Break after Struggling?

Key Highlights New Zealand Dollar performed well against the US Dollar to trade above an important resistance trend line. If NZDUSD buyers stay in control, a move towards 0.7200 is possible in the near term. New Zealand Electronic Card Retail Sales as reported by Statistics New Zealand registered an increase of 1.2% in May 2015, compared with the preceding month. NZD...
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EURJPY – Double Top in Making?

Key Highlights Euro moved lower against currencies such as the US dollar and the Japanese Yen and looks set for a downside rally. EURJPY is likely forming a double top pattern, which might take the pair lower in the near term. Euro Zone Gross Domestic Product released by the Eurostat increased by 0.4% in the first quarter of 2015, matching the market expectation. In ...
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AUDUSD Primed For Lift-off

Key Highlights US Dollar weakness pushed pairs like AUDUSD and NZDUSD higher. AUDUSD traded higher and settled above the 200 moving average (hourly) to set the pace for the next leg. Australian Home Loans released by the Australian Bureau of Statistics increased by 1% in April 2015 whereas the market was expecting a decline of 2%. Chinese Consumer Price Index is relea...
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