USDCHF Testing Ahead Of Labor Market Conditions Index

Key Highlights US dollar busted higher against the Swiss franc after positive job’s report this past week. USDCHF is testing a key resistance area around 0.9880-0.9900. US Labor market conditions index which is a primary source of common variation among 19 labor market indicators will be released today. Japanese Gross Domestic Product was released by the Cabinet Off...
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The USD Outpaces The Japanese YEN Ahead of The US NFP

Key Highlights US dollar continued to surge higher against most major currencies, including the Japanese yen. EURUSD made a new yearly low recently, which signifies strength of the US dollar. USDJPY climbed above the 120.00 level and gained momentum. US Nonfarm Payrolls and unemployment rate will be released today by the US Department of Labor. Japanese Leading Econ...
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The European Central Bank (ECB) Sets To Ignite Moves In Euro

Key Highlights Euro nosedived not only against the US dollar recently, but also weakened a lot against the British pound. Today, the ECB Interest Rate Decision will be announced by the European Central Bank in which easing measures is likely to cause a lot of action in the Euro pairs. BoE Interest Rate Decision will also be announced by the Bank of England in which cent...
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Improved Chinese HSBC Services PMI Might Help Risk Sentiment

Key Highlights Currencies such as the New Zealand and the Aussie dollar were seen trading higher against the US dollar. Chinese HSBC China Services PMI was released by Markit Economics, which registered a healthy reading of 52.0 compared to the last reading of 51.8. In Japan, the Services Purchasing Managers Index (PMI) was released by Markit Economics, which registered...
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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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