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Daily FX Market Roundup 09.15.17

Good Morning All;
would say thanks to the Bank of England, U.S. data and North Korea, it was an extremely lively day in the foreign exchange market.
The big story was the BoE who voted 7-2 to leave interest rates unchanged. This decision was not a surprise and actually caused a knee jerk dip in GBP/USD but within seconds the pair reversed as the minutes showed a majority of monetary policy members seeing "scope for stimulus reduction in the coming months."
As the Bank of England prepares to join…
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USDJPY Breaks 110

Good Evening All;
USD/JPY may have taken out 110 but we did not see broad based gains for the greenback today. The dollar traded higher versus the Japanese Yen, Swiss Franc and Canadian dollar but it lost value against the euro, sterling, Australian and New Zealand dollars. With no major U.S. economic reports released today, the gains in the greenback were driven by the continued rise in U.S. yields. However yields are also the reason why the dollar underperformed euro and pound. While 10 year T…
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30 August 2017. Daily Market Updates

Concerns about North Korea waned after President Trump gave an abbreviated response to the threat and turned official attention to the aftermath of Hurricane Harvey.
AUD/USD hit a 0.7983 high early in the New York session, tried the high again at the London fix, then fell as gold prices reversed a steep climb.
Trump vows ‘All Options’ open after North Korea missile launch. Launch is ‘unprecedented, grave and serious threat’: Abe; U.S. stocks rebound after missile firing amid Asia tensions.…
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20 January 2017 Daily Market Updates

Headlines
Treasury yields rose amid stronger-than-expected U.S. economic data; the dollar reversed gains to trade with a slight loss after rising as much as 0.4% after ECB’s Draghi said he sees no convincing signs of an uptick in inflation.
ECB’s Draghi has said that there are “no convincing signs yet of upward trend in underlying inflation”. Draghi called on Germany to be calm as the ECB continues pumping stimulus into the euro area. The Governing Council left interest rates and the bondprogram…
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LastIndipendent avatar

Very nice.

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Nasdaq U.S. stock futures on pause ahead of key events

Wall Street futures pointed to flat open on Tuesday in a session with few references as investors remained on hold ahead of key appearances from President-elect Donald Trump and Federal Reserve (Fed) chair Janet Yellen along with the kick off of the fourth quarter earnings season later in the week.The blue-chip Dow futures lost 2 points, or 0.01%, by 7:01AM ET (12:01GMT), the S&P 500 futures fell less than a point, or 0.01%, though the tech-heavy …
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25 Nov. 2016 Forex Market In detail.


Good Morning All

The US dollar steadied after breaking past more of last year's peaks against the euro on Thursday, with only the March 2015 high of $1.0457 standing in the way of a push towards parity that banks are again saying is on the cards. The US dollar hit an eight-month high against the yen and an almost 14-year high against a basket of currencies that measures its broader strength. The dollar's surge is based largely on a belief that Donald Trump's presidency will witness a bump in …
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24 Nov. 2016 Fx Markets In Detail

Good Morning Dukascopy FxComm;
my 24 Nov. Currency Analysis.

The US dollar surged to a more than 13-year peak on Wednesday, bolstered by upbeat U.S. economic data that showed the economy on track for steady growth and reinforced expectations of interest rate increases by the Federal Reserve next month and in 2017. The DXY, which tracks the greenback against the six major currencies, rose 0.6% to 101.63, after earlier soaring to a 13-1/2 year peak of 101.91. It has climbed more than 3% since Pre…
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Daily Analysis

USD/JPY

The USDJPY had a bullish momentum yesterday topped at 108.78. As you can see on my daily chart below, we have two consecutive Dojis followed by a bullish candle after a bearish trend, suggests a potential bullish pullback/reversal. The bias is bullish in nearest term testing 109.10. A clear break and daily close above that area could trigger further bullish pressure testing 110.00 - 110.96 region. Immediate support is seen around 107.90. A clear break below that area could lead price t…
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Technical Analysis

USDCAD – technical overview

Technical studies have finally unwound from violently overbought readings, with the market trading back down to previous resistance turned support in the 1.3800-1.4000 area. But overall, the broader uptrend remains firmly intact and any additional setbacks are expected to be very well supported above 1.3800 in favour of the next higher low and fresh upside extension back through the near 13 year high at 1.4690 from January. Only a daily close below 1.3800 would compro…
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Forex Report 23 December 2015

EURUSD The Euro found support above the 1.0900 level on Tuesday and pushed generally higher as the dollar was unable to gain any significant traction amid short-term position adjustment which helped underpin the Euro. The Finnish Foreign minister stated that the country should never have joined the Euro and support for being in the Euro area had fallen to 54% in the latest opinion poll. The issue on whether to hold an referendum on membership will have to be debated in parliament sometime in 201…
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