EU Facing Uphill Task, EUR Moves Lower Against USD And GBP

Key Highlights Euro continued to move lower against the US dollar and the British pound as sellers gain control. In the UK, the Rightmove House Price was released, which posted an increase of 1% in March 2015. EURGBP found support around the 0.7000 handle recently, but facing an important resistance on the upside. UK Rightmove House Price Earlier today, the UK Rig...
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US Dollar Spikes Post Chinese CPI for an Increase of 0.8%

Key Highlights US dollar continued to gain strength and even stronger than expected Chinese consumer price index failed to lift the risk sentiment. Chinese Consumer Price Index was released by the National Bureau of Statistics of China, which posted an increase of 1.2% in February 2015, compared to the preceding month. In terms of the annual change the Chinese CPI climb...
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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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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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Euro Nervous against the USD Ahead of German IFO Index

Key Highlights Euro gained this past week against the US dollar and it looks like it might continue to trade higher. German business sentiment index will be released by the CESifo Group, which is expected to register a rise from the last reading of 106.7 to 107.7. In the US, the Existing Home Sales will be released by the National Association of Realtors which is foreca...
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Eyes The EURO and US Manufacturing PMIs As Dollar Gains

Key Highlights Euro after moving lower consolidates losses and awaits for key releases lined up today during the London session. Euro Area Manufacturing Purchasing Managers Index (PMI) will be released by the Markit Economics, which is expected to register a rise from the last reading of 51.0 to 51.5. German Manufacturing Purchasing Managers Index (PMI) will also be rel...
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EURUSD Nosedives Ahead Of German ZEW Economic Sentiment

Key Highlights Euro moved lower against most major currencies surrounding all drama in the Euro area because of Greece situation. German and Euro area ZEW Economic sentiment will be released today, which is likely to impact the Euro pairs in the near term. Reserve bank of Australia released meeting minutes earlier today which caused swing moves in the Aussie dollar. ...
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EURUSD Climbs Higher Ahead Of Euro Area GDP by Eurostat

Key Highlights Euro managed to gain traction against the US dollar recently and traded higher to test the 1.1450 resistance area. Euro Area Gross Domestic Product will be released by the Eurostat today, which is expected to register an increase of 0.2% in the fourth quarter of 2014. During the NY session, the Reuters/Michigan Consumer Sentiment Index will be released by...
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US Dollar Cautious Ahead Of NFP

Key Highlights US dollar moved lower against major currencies such as the Euro and the British pound, as it approaches an important i.e. event lined up today. US nonfarm payrolls and the unemployment report will be released by the US Department of Labor later during the NY session. US NFP is slated for an increase of 234K, less than the last reading of 252K. US Non-F...
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