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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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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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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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EURo Parity or No ?

Morning Users;
the Dollar bulls remained in control today with the greenback moving higher against most of the major currencies. EUR/USD spent the entire North American trading session below 1.09 while USD/JPY traded as high as 122.65. The recent reversal in the euro has many investors wondering whether the euro parity party is back on. Parity has always been a headline grabbing target that main street likes to focus on but seasoned traders like ourselves know that these overstretched goals are …
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Market volatility continues on back of oil, Fed

The FTSE 100 closed at a three-year low yesterday after oil prices fell again, before recovering some of that ground, and markets awaited the US Fed meeting later this week. Brent dipped to $36.33 while US WTI fell below $35.
The euro strengthened after ECB President Draghi reiterated that the current level of stimulus provided by the ECB should be sufficient to return inflation to the target 2% rate.
The pound weakened as MPC Member Shafik indicated that she would “proceed with caution”, lookin…
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