GBPUSD – Dollar Gains Post GDP Release

Key Highlights US Dollar gaining bids against most of its counterparts, including the British Pound after the US GDP release. US Gross Domestic Product Annualized rate released by the US Bureau of Economic Analysis registered a decline of 0.2% in the first quarter of 2015, just as the market expected. US GDP Price Index declined by 0.1%, compared with the forecast of a ...
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AUDJPY at Critical Turning Point

Key Highlights Aussie Dollar is testing an important support area against the Japanese Yen, which if broken might set the AUDJPY pair for more losses. Australian House Price Index released by the Australian Bureau of Statistics posted an increase of 1.6 % in the first quarter of 2015, compared with the forecast of +2.3%. In Japan, the Nomura/JMMA Manufacturing PMI was r...
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USDCHF under Bearish Pressure

Key Highlights US Dollar is under bearish pressure especially against the Swiss franc and might trade lower. US Existing Home Sales, released by the National Association of Realtors posted an increase of 5.1% in May 2015, compared to the preceding month. Chicago Fed National Activity Index (CFNAI) came in at -0.17 in May 2015. US Existing Home Sales Change Earlie...
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EURUSD – Euro Likely to Hit Fresh Highs above 1.1440

Key Highlights Euro continued to trade higher against the US Dollar, and looks set to trade above 1.1440. Euro Zone Consumer Confidence will be released by the European Commission, which is expected to decline to -5.8 in June 2015. New Zealand Westpac consumer survey came in at 113.0 in the second quarter of 2015, down from the last reading of 117.4. EURUSD – Techn...
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USDCAD Sellers Await Canadian CPI Report Under Pressure

Key Highlights US Dollar is under pressure against currencies such as the Euro and the British Pound, but remained stable against the Canadian Dollar. Canadian Consumer Price Index (CPI) will be released by the Statistics Canada today, which is expected to increase by 0.5% in May 2015. Canadian Retail Sales report will also be published, and the forecast is of a 0.7% in...
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NZDUSD Collapsed after Disappointing the Lower NZ GDP Growth

Key Highlights New Zealand Dollar traded sharply lower against the US Dollar, and trimmed most gains after GDP release. New Zealand Gross Domestic Product released by the Statistics New Zealand increased by 0.2% in the first quarter of 2015, compared with the forecast of 0.6%. In terms of the yearly change, the New Zealand Gross Domestic Product rose 2.6%. Japanese Se...
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EURJPY Rebounds after Dipping post JPN Trade Balance Total

Key Highlights Euro declined heavily against the Japanese Yen during the past couple of sessions and traded below 138.50 before starting a recovery. Japanese Merchandise Trade Balance Total released by the Ministry of Finance posted a trade deficit of ¥-216.0B in May 2015 whereas the market was expecting ¥-226.0B. Japanese Imports of goods and services declined by 8.7...
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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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