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GBPCAD bottomed and 1.7000 in the way

General outlook for the pair:
  • The pair moved in the last weeks between 1.7200 and 1.6600.
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CAD performed well last week, Housing Starts 201K VS 213K expected, NHPI m/m +0.1% as expected, next week focus will be on Foreign Securities Purchases, Manufacturing Sales m/m, CPI m/m and Core Retail Sales m/m.

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Pair up and down around expected target, pair may consolidate around current levels in the next days.

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GBP was the worst performer last week, CB Leading Index m/m -0.2% as last reading, CPI y/y +2.7% VS +2.4% expected, Retail Sales m/m +0.3% VS -0.2% expected, Public Sector Net Borrowing 5.9B VS 2.9B expected, next week focus will be on any Brexit news, GfK Consumer Confidence, Current Account and Final GDP q/q.

in other hand,

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CAD performed so well last week, Foreign Securities Purchases 12.65B VS 4.35B expected, Manufacturing Sales m/m +0.9% VS +1.0% expected, CPI m/m -0.1% as expected, Core Retail Sales m/m +0.9% VS +0.6% expected, next week focus will be on BOC Gov Poloz Speaks and GDP m/m.

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As expected pair enjoyed playing around 1.7000-1.7200 but then broke below 1.7000, next week critical as pair seen oversold and may recover again above 1.7000.

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EURUSD bottomed and ready to 1.2000

General outlook for the pair:
  • The pair moved in the last weeks between 1.1700 and 1.1300.
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USD lost ground last week but closed off lows, JOLTS Job Openings 6.94 M VS 6.68M expected, PPI m/m -0.1% VS +0.2% expected, CPI m/m +0.2% VS +0.3% expected, Core Retail Sales m/m +0.3% VS +0.5% expected, Prelim UoM Consumer Sentiment 100.8 VS 96.7 expected, next week focus will be on Empire State Manufacturing Index, Building Permits, Housing Starts and Philly Fed Manufacturing Index.

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ECB gave Eur the life as it hit 1.1700 but then closed near weekly open, still bullish but should hold above 1.1600.

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EUR performed well last week, Final CPI y/y came at 2.0% as expected, EU Flash Manufacturing PMI 53.3 VS 54.4 expected, EU Flash Services PMI 54.7 VS 54.5 expected, next week focus will be on German Ifo Business Climate, German Prelim CPI m/m, M3 Money Supply y/y and CPI Flash Estimate y/y.

in other hand,

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USD performed so worst last week, Empire State Manufacturing Index 19.0 VS 23.2 expected, Building Permits 1.23M VS 1.31M expected, Philly Fed Manufacturing Index 22.9 VS 17.5 expected, next week focus will be on CB Consumer Confidence, Federal Funds Rate, FOMC Statement, FOMC Economic Projections, Core Durable Goods Orders m/m, Final GDP q/q, Fed Chair Powell Speaks and Core PCE Price Index m/m.

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As expected pair broke above 1.1740 and still have momentum to break above 1.1850, 1.1900-1.2000 in the near view.

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EURGBP still bullish aiming 0.9200-0.9300

General outlook for the pair:
  • The pair moved in the last weeks between 0.8850 and 0.9050.
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GBP was the best performer last week, GDP m/m +0.3% VS +0.2% expected, Manufacturing Production m/m -0.2% VS +0.2% expected, Average Earnings Index 3m/y +2.6% VS +2.4% expected, Claimant Count Change +8.7K VS +6.9K expected, MPC Official Bank Rate Votes 9 from 9 wanted rate to stay at +0.75%, next week focus will be on CB Leading Index m/m, MPC Member Haldane Speaks, CPI y/y and Retail Sales m/m.

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Pair got far from critical 0.9000, bears seemed in control but lack of momentum...

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EUR performed well last week, Final CPI y/y came at 2.0% as expected, EU Flash Manufacturing PMI 53.3 VS 54.4 expected, EU Flash Services PMI 54.7 VS 54.5 expected, next week focus will be on German Ifo Business Climate, German Prelim CPI m/m, M3 Money Supply y/y and CPI Flash Estimate y/y.

in other hand,

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GBP was the worst performer last week, CB Leading Index m/m -0.2% as last reading, CPI y/y +2.7% VS +2.4% expected, Retail Sales m/m +0.3% VS -0.2% expected, Public Sector Net Borrowing 5.9B VS 2.9B expected, next week focus will be on any Brexit news, GfK Consumer Confidence, Current Account and Final GDP q/q.

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As expected 0.8840 still strong support, pair jumped to 0.8980 and still have momentum to move above 0.9000.

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EURAUD still bullish aiming 1.6000 and above

General outlook for the pair:
  • The pair moved in the last weeks between 1.5550 and 1.5950.
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Aussie did well last week but closed off highs, NAB Business Confidence 4 VS last at 7, Westpac Consumer Sentiment -3.0% VS -2.3%, Employment Change +44.0K VS +16.5K expected, Unemployment Rate stayed at 5.3% as expected, next week focus will be on Monetary Policy Meeting Minutes, HPI q/q and RBA Assist Gov Kent Speaks.

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1.6250 sill hard to break above, still wait to sell from current levels but 1.6000 still to hold...

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EUR performed well last week, Final CPI y/y came at 2.0% as expected, EU Flash Manufacturing PMI 53.3 VS 54.4 expected, EU Flash Services PMI 54.7 VS 54.5 expected, next week focus will be on German Ifo Business Climate, German Prelim CPI m/m, M3 Money Supply y/y and CPI Flash Estimate y/y.

in other hand,

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Aussie performed the best last week, HPI q/q came at -0.7% as expected, MI Leading Index m/m +0.1% Vs last 0.0%, Monetary Policy Meeting Minutes warned about trade wars between US and its partners, next week with light data includes Private Sector Credit m/m.

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as expected pair felt to 1.6000 and then recovered slightly, still see the pair to range from 1.6000 to 1.6250 in the next days.

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EURNZD still bullish aiming 1.7500 and above

General outlook for the pair:
  • The pair moved in the last weeks between 1.7100 and 1.7500.
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Kiwi failed to make any gains after last 2 weeks strong losses, Manufacturing Sales q/q +1.8% VS +0.7% last, Business NZ Manufacturing Index 52.0 VS last 51.2, next week focus will be on GDT Price Index, Current Account and GDP q/q.

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Pair failed to break above 1.7800, still good chance to see 1.7500-1.7600 in the near time.

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EUR performed well last week, Final CPI y/y came at 2.0% as expected, EU Flash Manufacturing PMI 53.3 VS 54.4 expected, EU Flash Services PMI 54.7 VS 54.5 expected, next week focus will be on German Ifo Business Climate, German Prelim CPI m/m, M3 Money Supply y/y and CPI Flash Estimate y/y.

in other hand,

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Kiwi performed so well last week, GDT Price Index came at -1.3% VS last -0.7% expected, Westpac Consumer Sentiment 103.5 VS last 108.6, Current Account -1.62B VS -1.23B, GDP q/q +1.0% VS +0.8% expected, next week with so important data includes ANZ Business Confidence, Official Cash Rate, RBNZ Monetary Policy Statement and RBNZ Press Conference.

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Pair failed above 1.7650 and then gave bears the chance to hit it, still expect to see pair between 1.7450 and 1.7650 in the last days of month.

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EURCAD bottomed and ready for 1.5500

General outlook for the pair:
  • The pair moved in the last weeks between 1.5250 and 1.4800.
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khalidamassi avatar

CAD performed well last week, Housing Starts 201K VS 213K expected, NHPI m/m +0.1% as expected, next week focus will be on Foreign Securities Purchases, Manufacturing Sales m/m, CPI m/m and Core Retail Sales m/m.

khalidamassi avatar

1.5080-1.5100 proved again to hold and this good chance for bulls to fight again.

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EUR performed well last week, Final CPI y/y came at 2.0% as expected, EU Flash Manufacturing PMI 53.3 VS 54.4 expected, EU Flash Services PMI 54.7 VS 54.5 expected, next week focus will be on German Ifo Business Climate, German Prelim CPI m/m, M3 Money Supply y/y and CPI Flash Estimate y/y.

in other hand,

khalidamassi avatar

CAD performed so well last week, Foreign Securities Purchases 12.65B VS 4.35B expected, Manufacturing Sales m/m +0.9% VS +1.0% expected, CPI m/m -0.1% as expected, Core Retail Sales m/m +0.9% VS +0.6% expected, next week focus will be on BOC Gov Poloz Speaks and GDP m/m.

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Again and again pair bottomed just below 1.5100, strong gains ahead...

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USDCAD bearish below 1.3200 aiming 1.2700

General outlook for the pair:
  • The pair moved in the last weeks between 1.3200 and 1.2950.
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khalidamassi avatar

CAD performed well last week, Housing Starts 201K VS 213K expected, NHPI m/m +0.1% as expected, next week focus will be on Foreign Securities Purchases, Manufacturing Sales m/m, CPI m/m and Core Retail Sales m/m.

khalidamassi avatar

Failed again to close week below 1.3000 but strong bearish momentum existed...

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USD performed so worst last week, Empire State Manufacturing Index 19.0 VS 23.2 expected, Building Permits 1.23M VS 1.31M expected, Philly Fed Manufacturing Index 22.9 VS 17.5 expected, next week focus will be on CB Consumer Confidence, Federal Funds Rate, FOMC Statement, FOMC Economic Projections, Core Durable Goods Orders m/m, Final GDP q/q, Fed Chair Powell Speaks and Core PCE Price Index m/m.

in other hand,

khalidamassi avatar

CAD performed so well last week, Foreign Securities Purchases 12.65B VS 4.35B expected, Manufacturing Sales m/m +0.9% VS +1.0% expected, CPI m/m -0.1% as expected, Core Retail Sales m/m +0.9% VS +0.6% expected, next week focus will be on BOC Gov Poloz Speaks and GDP m/m.

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Finally pair closed below 1.2940 and this could give pair bearish momentum for next week...

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AUDCAD still bearish aiming 0.9300

General outlook for the pair:
  • The pair moved in the last weeks between 0.9700 and 0.9400.
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CAD performed well last week, Housing Starts 201K VS 213K expected, NHPI m/m +0.1% as expected, next week focus will be on Foreign Securities Purchases, Manufacturing Sales m/m, CPI m/m and Core Retail Sales m/m.

khalidamassi avatar

Pair still sold below 0.9350 but demand existed around 0.9270, still in oversold areas...

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Aussie performed the best last week, HPI q/q came at -0.7% as expected, MI Leading Index m/m +0.1% Vs last 0.0%, Monetary Policy Meeting Minutes warned about trade wars between US and its partners, next week with light data includes Private Sector Credit m/m.

in other hand,

khalidamassi avatar

CAD performed so well last week, Foreign Securities Purchases 12.65B VS 4.35B expected, Manufacturing Sales m/m +0.9% VS +1.0% expected, CPI m/m -0.1% as expected, Core Retail Sales m/m +0.9% VS +0.6% expected, next week focus will be on BOC Gov Poloz Speaks and GDP m/m.

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Pair seemed bottomed around 0.9250, but far gains above 0.9400 still not expected as pair still under pressure in high time frames.

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CADCHF bottomed and ready for 0.7700-0.7800

General outlook for the pair:
  • The pair moved in the last weeks between 0.7700 and 0.7500.
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CHF lost ground last week but pared most of week losses, PPI m/m 0.0% as expected, next week focus will be on Trade Balance, SNB Monetary Policy Assessment and Libor Rate.

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Good bulls try above 0.7400 but pair should break above 0.7500 to talk about any bullish scenario.

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CAD performed so well last week, Foreign Securities Purchases 12.65B VS 4.35B expected, Manufacturing Sales m/m +0.9% VS +1.0% expected, CPI m/m -0.1% as expected, Core Retail Sales m/m +0.9% VS +0.6% expected, next week focus will be on BOC Gov Poloz Speaks and GDP m/m.

in other hand,

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CHF performed well last week, Trade Balance 2.13B VS 2.41B expected, Libor Rate stayed at -0.75% as expected, next week focus on light data includes Credit Suisse Economic Expectations and KOF Economic Barometer.

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As expected 0.7400 still gave support for the pair but pair still need strong momentum to advance more up...

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NZDCAD bottmed and ready to 0.8800-0.8900

General outlook for the pair:
  • The pair moved in the last weeks between 0.8860 and 0.8560.
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CAD performed well last week, Housing Starts 201K VS 213K expected, NHPI m/m +0.1% as expected, next week focus will be on Foreign Securities Purchases, Manufacturing Sales m/m, CPI m/m and Core Retail Sales m/m.

khalidamassi avatar

Break and close below 0.8550 means strong bearish control, still bearish with no sign of reversal.

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Kiwi performed so well last week, GDT Price Index came at -1.3% VS last -0.7% expected, Westpac Consumer Sentiment 103.5 VS last 108.6, Current Account -1.62B VS -1.23B, GDP q/q +1.0% VS +0.8% expected, next week with so important data includes ANZ Business Confidence, Official Cash Rate, RBNZ Monetary Policy Statement and RBNZ Press Conference.

in other hand,

khalidamassi avatar

CAD performed so well last week, Foreign Securities Purchases 12.65B VS 4.35B expected, Manufacturing Sales m/m +0.9% VS +1.0% expected, CPI m/m -0.1% as expected, Core Retail Sales m/m +0.9% VS +0.6% expected, next week focus will be on BOC Gov Poloz Speaks and GDP m/m.

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Pair closed day and week above 0.8600 then it strong buy signal and strong gains ahead for the pair....

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