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USDCAD – Is it a Bearish Wedge? Forex News 

USDCAD – Is it a Bearish Wedge?

USDCAD – Is it a Bearish Wedge? recent updates have stated that “USDCAD upside acceleration is feasible (consolidation could destroy both way), specially thinking about the response from 1.2830s. movements off of this rate produced 2 trending movements in 2015.” A fine bias is warranted at the same time as above 1.2834 but be conscious that trade because the can also low could compose a wedge that gives way to the following down leg within a bearish cycle from the January high.

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USDJPY short term Outlook and tiers to recognize ahead US NFPs Forex News 

USDJPY short term Outlook and tiers to recognize ahead US NFPs

USDJPY short term Outlook and tiers to recognize ahead US NFPs USDJPY short term The USDJPY is trading sideways across the a hundred and one handle in the remaining couple of buying and selling days after sinking decrease following perceived disappointments from the BOJ monetary policy assertion and the japanese new fiscal stimulus plans. This brief term sideways congestion places the point of interest firmly on america NPFs later these days for a probable range destroy catalyst america Non-farm Payrolls take middle stage today. The headline parent is anticipated to reveal…

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EURUSD to Stage Near Recovery on Poor NFP Report Forex News 

EURUSD to Stage Near Recovery on Poor NFP Report

EURUSD to Stage Near Recovery on Poor NFP Report NFP Report Another 180K expansion in U.S. Non-Farm Payrolls (NFP) accompanied by a downtick in the jobless rate may boost the appeal of the greenback and trigger further losses in EURUSD as it puts pressure on the Federal Open Market Committee (FOMC) to further normalize monetary policy in 2016. Even though Fed Funds Futures highlight a 12% probability for a September rate-hike, a further improvement in labor market dynamics may encourage central bank officials to adopt a more hawkish outlook for…

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Investors Forex Market BUZZ 8.4.16 Forex News 

Investors Forex Market BUZZ 8.4.16

Investors Forex Market BUZZ  8.4.16 This morning, the greenback is trading higher against most of the major currencies, ahead of US initial jobless claims, durable goods and factory orders data, due to release in a few hours. The EUR is trading lower against the USD. According to the ECB’s latest economic bulletin report, uncertainty about global economic outlook has increased after Britain decided to leave the European Union (EU) while economic data for the second quarter pointed towards subdued global activity. It also disclosed that measures taken to boost underlying inflation…

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Australian Retail Sales Rise for Fifth Consecutive Month Forex News 

Australian Retail Sales Rise for Fifth Consecutive Month

Australian Retail Sales Rise for Fifth Consecutive Month Australian retail sales rose for a fifth consecutive month in June, although gains were much slower than expected, reflecting consumer activity amid election season. Retail sales rose at a seasonally adjusted 0.1% in June, the Australian Bureau of Statistics said in a reporton Thursday. A median estimate of economists forecast retail sales to increase 0.3%. Sales rose at other cafes and restaurants, clothing stores and department stores, official data showed. Gains were reported across most regions, including in New South Wales, Victoria,…

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USDJPY Consolidates Ahead of Friday’s NFP Announcement Forex News 

USDJPY Consolidates Ahead of Friday’s NFP Announcement

USDJPY Consolidates Ahead of Friday’s NFP Announcement The USD/JPY has found temporary support above yesterday’s low at 100.67. If prices close below yesterday’s high at 102.83, the USDJPY will close the session creating an inside bar. While using both of these points as a reference, many traders will be looking for a breakout on Friday with the announcement of NFP data for the month of July. Expectations are set at 175k, and any deviation from this expectation may cause US Dollar pairs to react violently. In the 3-minute graph below,…

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Forex News 

GBPUSD Levels To Watch Ahead of BoE Rate Decision, Inflation Report

GBPUSD Levels To Watch Ahead of BoE Rate Decision, Inflation Report GBPUSD Levels The GBPUSD is trading sideways in the last couple of trading days between 1.3350 and 1.3300 after the pair surged higher following Friday’s US 2Q GDP miss. The pair seems to have problems cracking the 1.3350 resistance, but things could change quickly with the event risk ahead. All eyes are on the Bank of England in today’s session with the market eager to know how the central bank reacts to the unfolding Brexit situation. The Bank of…

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Dollar Rebounds, Risk Trends Avoid Plunge, BoE and NFPs Beckon Forex News 

Dollar Rebounds, Risk Trends Avoid Plunge, BoE and NFPs Beckon

Dollar Rebounds, Risk Trends Avoid Plunge, BoE and NFPs Beckon A shift in underlying trends for the Dollar and ‘risk’ (equities, emerging market assets, etc) has begun but momentum will require a much stronger push. Financial system quiet is facing more immediate disruption though in impending event risk- most prominently today’s BoE rate decision and Friday’s NFPs. Despite the recent hiccup in activity across the financial system, activity levels are still extraordinarily low. A comprehensive and capable catalyst is needed – whether to forge sentiment (whether optimism or pessimism) or…

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Extreme Positioning Ahead Of BOE Points To Risks Forex News 

Extreme Positioning Ahead Of BOE Points To Risks

Extreme Positioning Ahead Of BOE Points To Risks There has been a disturbing dislocation in the relationship between rate moves and price action this year with a slew of central banks suffering hard-to-explain, adverse market reactions. Following the BOJ’s historic move into negative rates this year, the JPY was, after an initial spike lower, heavily bid over the ensuing months and continued to attract demand despite BOJ intervention. Similarly, the RBA cut rates in May and despite some initial downside, AUDUSD is now trading above that level. Furthermore, despite an…

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Gorilla or Elephant, Chinese Surplus Capacity is the Challenge Forex News 

Gorilla or Elephant, Chinese Surplus Capacity is the Challenge

Gorilla or Elephant, Chinese Surplus Capacity is the Challenge Americans have a saying about an 800-pound gorilla in a room. It refers to a person or organization so powerful that it can act unilaterally. The British have an expression about an elephant in a room. It refers to a “fact” or problem that is not being addressed. Regardless of the idiom, one prefers, both can apply to China and its excess capacity in a wide range of industries. Making room for China in the global economy was always going to…

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