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USDCAD US Dollar rose against CAD BOC key interest rate unchanged Forex News 

USDCAD CREEPING HIGHER WITH EYES FOR 1.32 HANDLE

USDCAD CREEPING HIGHER WITH EYES FOR 1.32 HANDLE Buz Investors USDCAD CREEPING HIGHER Currently, USD/CAD is trading at 1.3180, down -0.05% on the day, having posted a daily high at 1.3189 and low at 1.3172. We had a US holiday today and much of the tone was risk -off, favouring the greenback to some degree after yesterdays crash in the pound again on the open of early Asia in thin trade. Market wrap: risk aversion increasing, watching sterling – Westpac Other Stories Buz Traders Follow TODAY’S FOREX BUZWORD MAJOR CURRENCY…

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KIWI TO GET A BOOST FROM WHAT FUTURES ARE PRICING INTO THIS WEEK'S GDT PRICE INDEX? Forex News 

KIWI TO GET A BOOST FROM WHAT FUTURES ARE PRICING INTO THIS WEEK’S GDT PRICE INDEX?

KIWI TO GET A BOOST FROM WHAT FUTURES ARE PRICING INTO THIS WEEK’S GDT PRICE INDEX? KIWI TO GET A BOOST The market for the Kiwi has been relatively subdued at the start of the week with much of the focus on the pound and the hard-Brexit concerns that have given way to a phase of risk aversion once again in Global markets. However, focus will soon turn to New Zealand and the correlation between the kiwi and global dairy prices. We have seen a slump in global demand of late, but as the…

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Buz Investors Germany DAX 30 The DAX 30 declined 74 points, or 0.6%, to 11,555 on Monday. In Europe, equities closed in the red as investors remained cautious ahead of a speech by UK's Prime Minister Theresa May tomorrow in which she is expected to signal that the UK will fully break from the EU’s common market after Brexit. The FTSE Forex News 

European Stocks Fall Ahead Of May’s Brexit Speech

Germany DAX 30 Stock Market Index Buz Investors Germany DAX 30 The DAX 30 declined 74 points, or 0.6%, to 11,555 on Monday. In Europe, equities closed in the red as investors remained cautious ahead of a speech by UK’s Prime Minister Theresa May tomorrow in which she is expected to signal that the UK will fully break from the EU’s common market after Brexit. The FTSE  100 lost 11 points, or 0.2%, despite a weaker pound; the DAX 30 declined 74 points, or 0.6%; the CAC 40 went down 40…

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Buz Investors UK Leaves Monetary Policy The Bank of England Monetary Policy Committee voted unanimously to hold the Bank Rate at a record low of 0.25 percent and to leave the stock of purchased assets at £435 billion on December 15th, 2016 Forex News 

UK Leaves Monetary Policy Unchanged

UK Leaves Monetary Policy Unchanged Buz Investors UK Leaves Monetary Policy The Bank of England Monetary Policy Committee voted unanimously to hold the Bank Rate at a record low of 0.25 percent and to leave the stock of purchased assets at £435 billion on December 15th, 2016 in order to meet the 2 percent inflation target, in a way that helps to sustain growth and employment. Policymakers reiterated that the path of monetary policy would depend on the evolution of the prospects for demand, supply, the exchange rate, and therefore…

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Today's Forex Buz Word Major Currency Pairs Forex News 

TODAY’S FOREX BUZWORD MAJOR CURRENCY PAIRS 1.16.17

TODAY’S FOREX BUZWORD MAJOR CURRENCY PAIRS 1.16.17 A DAILY SOCIAL TRADING EVENT Sterling attempts to move away from 32-year lows; Dollar struggles to cling onto 114 yen Buz Investors MAJOR CURRENCY PAIRS 1.16.17 The British pound was attempting a rebound in today’s European session after the currency opened sharply lower today on newspaper reports on Sunday that the UK Prime Minister will signal a ‘hard Brexit’ in her speech tomorrow. Growing fears that the UK government is prepared to abandon the EU single market drove the pound to as low as…

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Forex News 

$EURUSD Euro Hugs 1.06 as US Markets Closed for Holiday

EURUSD Euro Hugs 1.06 as US Markets Closed for Holiday EUR-USD “EUR/USD has been trading with a bid tone since Donald Trump’s press conference on Wednesday where he provided absolute nothing concrete on his economic plans”. “The cross has broken up through the 55-day moving average and a break of the 1.0700-1.0750 range will open the door for further near-term gains, especially if the ECB comes across as slightly hawkish on Thursday (though this is not our base case)”. “However, we look for EUR/USD to move lower on a three-month…

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USDJPY Yen Steady Ahead of US Housing, Manufacturing Reports Forex News 

$USDJPY Yen Steady on Mixed Manufacturing Data

USDJPY Yen Steady on Mixed Manufacturing Data USD-JPY Buz Investors USDJPY Yen Steady In the Asian session, at GMT0400, the pair is trading at 114.13, with the USD trading 0.28% lower against the JPY from Friday’s close. Overnight data showed that Japan’s machinery orders slid more-than-expected by 5.1% MoM in November, declining at the fastest pace in seven months. Meanwhile, investors had envisaged machinery orders to fall 1.4%, after recording an advance of 4.1% in the previous month. Early morning data indicated that the nation’s tertiary industry index rose 0.2%…

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GBPUSD Pound Jumps to 1.25, Markets Eye Autumn Forex News 

$GBPUSD Weekly Forecast January 16-20

GBPUSD Weekly Forecast January 16-20 GBP-USD Buz Investors  GBPUSD Weekly Forecast  With Brexit back in the headlines, markets are now expecting British Prime Minister Theresa May to make a clean break from the EU and caused GBP/USD to drop below the $1.20 mark for the first time since the October flash crash. Now we’ve spoken about a soft vs hard Brexit on the blog before and questioned some market irrationality over the fact that dragging out the Brexit process in what they call a soft Brexit, and is Pound positive. I…

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USDCHF Clawing Back Following Monday’s Break Forex News 

$USDCHF Rebounds Following Test of Key Support

USDCHF Rebounds Following Test of Key Support USD-CHF Buz Investors USDCHF Rebounds For the 24 hours to 23:00 GMT, the USD declined 0.14% against the CHF and closed at 1.0088 on Friday. In the Asian session, at GMT0400, the pair is trading at 1.0110, with the USD trading 0.22% higher against the CHF from Friday’s close. The pair is expected to find support at 1.0061, and a fall through could take it to the next support level of 1.0012. The pair is expected to find its first resistance at 1.0140,…

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USDCAD Trump Shock Pushes Canadian Dollar Down Forex News 

$USDCAD Canadian Dollar Subdued as US Markets Closed

USDCAD Canadian Dollar Subdued as US Markets Closed USD-CAD Buz Investors Canadian Dollar Subdued   USD/CAD declined for a third consecutive week to erase gains from a two-week rally inspired by the December Fed meeting. The pair made a critical technical break in the past week as a trendline dating back to lows posted in May was breache d. The 200-period daily moving average held the pair higher in the late week and will remain a pivotal indicator for a directional bias in the upcoming week. USD/CAD The bulk of the volatility…

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