Dollar Rockets Higher Post US CPI

Key Highlights US Dollar gained a lot of bids after a flurry of releases in the US and Canada. Canadian Consumer Price Index (CPI) published by the Statistics Canada posted an increase of 0.2% in June 2015, compared with the forecast of 0.3%. In the US, the Consumer Price Index released by the US Bureau of Labor Statistics registered an increase of 0.1% in June 2015, wh...
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EURCAD Looks Set For More Gains around 1.4040 Ahead of CAN CPI

Key Highlights Euro after dipping against the Canadian Dollar found support around 1.4040 and currently trading higher. Canadian Consumer Price Index (CPI) published by the Statistics Canada is a major release scheduled today, which might ignite moves in the Canadian Dollar. Earlier today, the Australian Conference Board leading Index released by the Conference Board ca...
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NZDUSD Crashes after NZ CPI

Key Highlights New Zealand Dollar crashed against the US Dollar, as an important economic release in New Zealand came below the forecast. New Zealand Consumer Price Index released by the Statistics New Zealand rose by 0.3% in the second quarter of 2015, compared with the forecast of 0.4%. New Zealand Business NZ PMI released by the Business NZ increased from the previou...
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USDCHF Looks Set For Next Leg Higher

Key Highlights US Dollar after a mild correction against the Swiss Franc traded higher and looks set for more gains in the near term. There are many major releases lined up in the US today, including the PPI, industrial production and NY Manufacturing index. Chinese Gross Domestic Product (GDP) released by the National Bureau of Statistics of China posted an increase of...
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GBPUSD – Is This A Real Break?

Key Highlights British Pound climbed higher today versus the US Dollar, as buyers managed to gain traction. UK Consumer Price Index released by the National Statistics registered no change in in June 2015, compared to the same month of the previous year just as the market expected. US Retail Sales released by the US Census Bureau posted a decline of 0.3% in June 2015, w...
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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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