EURUSD Looks Set For New High Post US Economic Releases

Key Highlights Euro traded higher against the US Dollar, and looks set for more gains in the near term. A couple of recent economic releases in the US were on the negative side, which increased the bearish pressure on the greenback. Japanese Retail Trade released by the Ministry of Economy, Trade and Industry posted an increase of 0.9% in June 2015, compared with June 2...
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EURUSD below 1.0880 – Continuous Weakness Eyed

Key Highlights Euro declined heavily against the US Dollar, as buyers failed to protect losses. There is a lot of bearish pressure noted on the shared currency, which might continue in the near term. In the UK, the Rightmove House Price Index was released, which increased by 0.1% in July 2015, lower compared with the last gain of 3%. EURUSD Technical Analysis The ...
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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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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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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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Euro Slides with No Resolution as Greece Rejected Bailout Offer

Key Highlights Euro fell and opened this week with a gap lower against most major currencies, including the US Dollar. According to reports, Greeks rejected the bailout offer with 'No' vote surpassing the 61 percent figure. In Australia, the ANZ job advertisements released by the Australia and New Zealand Banking Group Limited (ANZ) registered an increase of 1.3% in Jun...
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The EURGBP Remains in Clear Downtrend under Pressure

Key Highlights Euro continued to weaken not only against the US Dollar, but also currencies such as the British Pound. EURGBP is under pressure and remains at risk of more declines in the near term. Today, the UK Construction PMI will be released by the Chartered Institute of Purchasing & Supply and Markit Economics, which might impact the EURGBP pair. In Japan, t...
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EUR Nosedived On Uncertainties over Greece’s Future in Euro

Key Highlights There was a major even this weekend in Greece, as the Greek government rejected Euro group proposal, which ignited a downside pressure on the Euro. Euro tumbled against a basket of currencies, including the US Dollar, Swiss Franc and the British Pound. There are gaps for almost each Euro pair, which says all about the amount of pressure on the shared curr...
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EURAUD – Euro at Continued Risk of Weakness around 1.4550

Key Highlights Euro trading around at an important support area versus the Aussie Dollar, and remains at risk of a break lower. EURAUD recently traded around 1.4550 where it found sellers. In the US, there are several economic releases lined up today, including the initial jobless claims, Markit PMI and personal income data. EURAUD Technical Analysis There was ste...
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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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