GBPUSD – British Pound Trend Overwhelmingly Negative

Key Highlights British Pound weakened a lot this week against the US Dollar, and traded towards 1.5220-00. GBPUSD looks poised for more losses as there are many hurdles for buyers on the way up. Japanese Labor Cash Earnings released by the Ministry of Health, Labour and Welfare posted an increase of 0.6% in July 2015, compared with the forecast of 2.1%. US nonfarm pay...
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NZDUSD – New Zealand Dollar Likely to Hit Fresh Lows

Key Highlights New Zealand Dollar continued to decline against the US Dollar, as sellers seem to be in control. NZDUSD traded towards 0.6300 where buyers managed to defend the downside. New Zealand ANZ Commodity Price released by the ANZ National Bank decreased by 5.2% in August 2015, compared with the last revised decline of 5.5%. In Australia, the Gross Domestic Pro...
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AUDUSD Trading at Critical Juncture

Key Highlights Aussie Dollar after getting hammered against the US Dollar managed to gain bids around the 0.7080 support area. AUDUSD recovered well, but facing an important resistance around the 0.7140 area. In Australia, the AiG performance of the Mfg Index released by the Australian Industry Group registered a rise from the last reading of 50.4 to 51.7 in August 2015...
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EURUSD at Critical Turning Point

Key Highlights Euro after trading close to the 1.1150 support area managed to gain bids against the US Dollar. EURUSD pair is currently trading higher and positioned around a major breakout area. In Japan, the Industrial Production released by the Ministry of Economy, Trade and Industry posted a decrease of 0.6% in July 2015, less than the forecast of a 0.1% rise. In ...
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GBPUSD Crushed above 1.5700 as Sellers Remain in Control

Key Highlights British Pound failed to settle above 1.5700-1.5800 area and declined heavily against the US Dollar. Many important support levels were cleared and it looks set for more losses in the near term. In Japan, Securities investment, which referrers to bonds issued in a domestic market by a foreign entity in the domestic market’s currency released by Ministry ...
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NZDUSD Hovers Near Major Resistance

Key Highlights New Zealand Dollar after a monster decline found support near 0.6200 against the US Dollar. NZDUSD is correcting higher, but facing sellers around an important pivot area of 0.6500-40. New Zealand Trade Balance released by the Statistics New Zealand registered a trade deficit of $-649M, higher compared with the forecast of $-600M. In terms of the yearly...
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USDCAD Might Trade Above 1.3300

Key Highlights US Dollar recovered sharply against the Canadian Dollar and looks set for more gains in the near term. In the US the Services Purchasing Managers Index (PMI) released by Markit Economics posted a decrease to 55.2, which was lower compared with the forecast of 56.0 in August 2015. US Consumer Confidence released by the Conference Board registered a massive...
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AUDUSD – Can it Retain Bids?

Key Highlights The Aussie Dollar was crushed during the recent volatility in the Forex market with the US Dollar gaining against a few major currencies. AUDUSD traded towards 0.70 where it found buyers for a push higher. Conference Board Australia leading Index released by the Conference Board declined by 0.2% in June 2015, compared with the last increase of 0.2%. Con...
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USDJPY Crash and Recovery

Key Highlights The Forex market turmoil continued, as the Japanese Yen gained across the board. The carnage in global stocks and commodities witnessed throughout the day, as investors were seen nervous. A lot of volatility was witnessed in most major pairs like EURUSD, NZDUSD and USDJPY. USDJPY crashed to trade as low as 116.10 before recovering sharply by more than 2...
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EURUSD Bulls Remain In Control Above 1.1400 Post Euro Zone CC

Key Highlights Euro enjoyed a nasty ride towards the upside against the US dollar, as the latter one weakened a lot recently. EURUSD climbed higher and broke an important resistance of 1.1400-20, which might act as a support moving ahead. Euro Zone Consumer Confidence released by the European Commission recently managed to post a better than expected reading of -6.8 in ...
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