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AUDUSD flirting with 2-month lows Forex News 

$AUDUSD could retreat to 0.7500 in the near term

AUDUSD could retreat to 0.7500 in the near term AUDUSD Buz Investors AUDUSD could retreat The pair is trading at 0.7683 at 10:40 GMT this morning, with the Australian Dollar trading 0.1% higher against US Dollar from the New York close. Overnight data showed that Australia’s Westpac leading index advanced on a monthly basis in January. This morning, the pair traded at a high of 0.7709 and a low of 0.7664. The Australian Dollar traded 0.27% higher against the US Dollar in the New York session yesterday, with the pair…

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GBPUSD Pound Jumps to 1.25, Markets Eye Autumn Forex News 

$GBPUSD poised for further decline near term

GBPUSD poised for further decline near term GBPUSD Buz investors GBPUSD poised for further decline At 10:40 GMT, the pair is trading at 1.2541, with the Pound trading a tad higher against US Dollar from the New York close. Going ahead, investors look forward to UK’s GfK consumer confidence index for January, scheduled to release overnight. The pair witnessed a high of 1.2600 and a low of 1.2506 during the session. On Friday, the Pound traded marginally higher against the US Dollar in the New York session and ended at…

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Merkel expected to say she will seek fourth term Forex News 

Merkel expected to say she will seek fourth term as German chancellor

Merkel expected to say she will seek fourth term as German chancellor BUz Investors Merkel expected to say she will seek fourth term Angela Merkel is set to announce on Sunday she will seek a fourth term as German chancellor in next year’s election, ending months of speculation over whether one of the world’s most powerful women wants to run again after 11 years in office. The 62-year-old conservative is widely seen as a stabilizing force in Europe at a time of uncertainty after Britain’s vote to leave the European…

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Gold slips ahead of Fed Forex News 

Gold Price Trends Downwards in Short Term

Gold Price Trends Downwards in Short Term Gold Buz Investors Gold Price Trends Downwards  Gold is trading at $1254.30 per ounce at 09:40 GMT this morning, 0.21% higher from the New York close. This morning, the precious metal traded at a high of $1257.00 per ounce and a low of $1251.10 per ounce. On Friday, gold traded 0.06% lower in the New York session and closed at $1251.70 per ounce, as a rally in global equity markets dented demand for the precious yellow metal. Immediate downside, the first support level is…

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USDCHF hanging on the Edge of the ledge Forex News 

USDCHF Technical Strategy: Stretches term range

USDCHF Technical Strategy: Stretches term range USD-CHF The US Dollar is trading at 0.9830 against the Swiss Franc at 09:40 GMT this morning, a tad lower from the New York close. On the economic front, Switzerland’s UBS consumption indicator rose in July. The pair traded at a high of 0.9848 and a low of 0.9818 this morning. Yesterday, the USD traded 0.23% higher against the CHF in the New York session and ended at 0.9832. The pair is expected to its find support at 0.9793 and its first resistance at 0.9858….

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AUDUSD gains bolstered by USD softness Forex News 

AUDUSD Short Term Levels Ahead of China’s CPI Data

AUDUSD Short Term Levels Ahead of China’s CPI Data AUDUSD Short Term Levels surged higher last week after the RBA cut rates to 1.5%, as the market appeared to have interpreted the central bank’s statement as not indicative of further rate cuts at the moment. In this context, the Australian Dollar may still find support as a 1.5% rate is still attractive in the current record low yield environment. In their policy statement, the RBA said that actions by Chinese policymakers are supporting the near-term growth outlook, but the underlying…

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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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AUDUSD Short Term Levels Ahead of The RBA Rate Decision Forex News 

AUDUSD Short Term Levels Ahead of The RBA Rate Decision

AUDUSD Short Term Levels Ahead of The RBA Rate Decision The US ISM Manufacturing July figures are the first major event risk on the docket this week, set to hit the wires 14:00 GMT. The diffusion index is expected to slightly down tick for a 53.0 print from the prior 53.2 figure. The ISM numbers tend to have market moving impact, which could be amplified this time around as the market digests the huge miss to US 2Q GDP estimates this Friday. Immediate impact of the GDP figures were reduced…

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GBPUSD Short Term Range in Danger Ahead of UK 2Q GDP, FOMC Forex News 

GBPUSD Short Term Range in Danger Ahead of UK 2Q GDP, FOMC

GBPUSD Short Term Range in Danger Ahead of UK 2Q GDP, FOMC The GBPUSD has settled in a relatively narrow trading range for the last couple of trading days, with the pair seeing most trading done between 1.3150 to the 1.31 handle. Key event risk ahead in the likes of UK 2Q GDP and the FOMC rate decision might see the pair significantly more volatile as we approach a jam-packed economic calendar in the days ahead.ng the Grid Sight Index (GSI) indicator. Taking this into consideration, we look to find…

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