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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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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EURUSD Poised for Declines Ahead of Euro Area Trade Balance

Key Highlights EURUSD after trading close to 1.1300 failed and currently remains at a risk of declines. Euro Area Trade Balance report will be released by the Eurostat today, which is expected to post a trade surplus of around €19B. In the UK, the Rightmove House Price Index was released during the Asian session, which registered an increase of 3% in June 2015. EUR...
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EURJPY – Double Top in Making?

Key Highlights Euro moved lower against currencies such as the US dollar and the Japanese Yen and looks set for a downside rally. EURJPY is likely forming a double top pattern, which might take the pair lower in the near term. Euro Zone Gross Domestic Product released by the Eurostat increased by 0.4% in the first quarter of 2015, matching the market expectation. In ...
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EURUSD Bull Run Has Come to an End Ahead of DEU Trade Report

Key Highlights Euro lost most of its gains this past week and ended the week lower against the US Dollar. EURUSD broke an important support area, which suggests that sellers are in control. Today, the German Trade Balance report will be released by the Statistisches Bundesamt Deutschland, which might ignite moves in EURUSD. In Japan earlier today, the Gross Domestic P...
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