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Although the earlier data from the euro area showed that the inflation increased more than expected in June (1.3% vs. 1.2% YoY), the shared currency struggled to gather further strength against the USD. As we approach the end of the last trading day of June, the EUR/USD pair is trading at 1...
Weekly Trends
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Roman Vashchilin, 30 June 2017, 19:14
Cable’s near-term outlook stays neutral/bearish, according to Chief FX Strategist at Socotiabank Shaun Osborne. Key Quotes “Intraday price action looks a little soft again with Cable struggling to hold above 1.30...
Currency
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Roman Vashchilin, 30 June 2017, 15:41
The shared currency stays within the daily range following releases in the US docket, with EUR/USD navigating around the 1.1400 handle. EUR/USD upside still capped near 1.1450 The pair keeps the daily correction lower unchanged after US personal income expanded more than expected in May, up 0...
Weekly Trends
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Roman Vashchilin, 30 June 2017, 15:37
Switzerland's KOF Leading Indicator reversed the prior month’s weak read surging to 105.5 (from 102.0 in May). The jump nearly covered last month’s decline and highlighted that the upwards trend indicates near term outlook remains solid...
Market News
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Jiming Huang, 30 June 2017, 14:04
Unexpectedly, China's NBS PMI surprised higher providing evidence that the China growth story remains undervalued and there is still solid external demand. China's June NBA manufacturing PMI increased to 51.7 above 51.0. The good data was driven by new orders and higher production readings...
Market News
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Jiming Huang, 30 June 2017, 14:03 #China
Daily economic digest from Forex.ee Stay informed of the key economic events Friday, June 30th The EUR/USD pair broke out of its consolidation phase to the downside in early Europe, stepping away from the region of its 14-month highs, marked yesterday at 1.1445 level...
Analytics & Forecasts
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EEAnalytics, 30 June 2017, 12:43
Oil prices continue to recover. The rise of the last days has become the longest since April. The price of Brent crude is growing for the seventh consecutive session. Prices received additional support from data on the reduction of oil production in the US last week by 100,000 barrels per day...
Analytics & Forecasts
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TifiaFX, 30 June 2017, 12:25 #Brent, Trading, forex
EUR/USD resumed the upside during the American session as the spread between US and European bond yields narrowed further and amid a decline in equity prices in Wall Street. The pair reached a new 1-year high at 1.1444 and remains near the top, holding a strong bullish tone...
Currency
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Roman Vashchilin, 29 June 2017, 21:00
Currently, USD/CHF is trading at 0.9563, down -0.33% on the day, having posted a daily high at 0.9601 and low at 0.9558. USD/CHF is down to test a key support area in a continuation of the broader bearish trend from the 1.0340's and a weekly double top area...
Weekly Trends
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Roman Vashchilin, 29 June 2017, 20:37
Analysts at Nomura explained that among G4 central bank chiefs, Governor Kuroda's stance has not materially changed. Key Quotes: "JPY weakness against European G10 FX is in line with our view of monetary policy divergence, and the EUR/JPY appreciation trend may continue in the medium term...
Market News
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Roman Vashchilin, 29 June 2017, 20:18
The USD/JPY pair, which lost its bullish momentum near the 113 handle in the early NA session, came under a renewed selling pressure and fell below the 112 mark. As of writing, the pair is trading at 111.97, losing 0.28% on the day. The latest blow to the greenback came from the St...
Currency
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Roman Vashchilin, 29 June 2017, 20:00
Hello traders, Currently GBPUSD is in momentum ahead of the 2nd stage breakout, and vice versa will enter a period of consolidation. This image has thousands of words better than my explanation, and people who understand to work with : Support, Resistance and...
USDJPY: The pair continues to press higher as it saw price extension during Thursday trading today. On the downside, support comes in at the 112.00 level where a break if seen will aim at the 111.50 level. A cut through here will turn focus to the 111.00 level and possibly lower towards the 110...
Analytics & Forecasts
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FXTechstrategy.com, 29 June 2017, 15:05
Politics and BoE are filling the hard data void as markets leapt on apparent shifts in BoE towards accommodation reduction, suggests Tim Riddell, Research Analyst at Westpac...
Currency
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Roman Vashchilin, 29 June 2017, 14:02
The upside momentum around the single currency now seems to have lost some vigour, prompting EUR/USD to slip back to the 1.1400 neighbourhood...
Weekly Trends
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Roman Vashchilin, 29 June 2017, 13:58
Fed members look concerned by the level of equities. San Francisco Fed President John Williams declared recently that the stock market is “running on fumes” while Janet Yellen said that current stock valuation levels are “rich”...
Market News
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Jiming Huang, 29 June 2017, 13:39
The single currency continues to climb higher amid anticipations for tighter monetary policy in the Eurozone and in UK. Investors were absolutely not disrupted by Draghi and Carney‘s apparent communication shambles on monetary policy earlier this week...
Market News
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Jiming Huang, 29 June 2017, 13:38
GBP/USD The British pound is growing today. The currency rose in price by 0.4%. The local resistance 1.30 is already seen, followed by May highs at 1.3040. Macroeconomic calendar for the UK is empty today, so we focus on the dollar...
Analytics & Forecasts
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Real Trade, 29 June 2017, 13:23
Daily economic digest from Forex.ee Stay informed of the key economic events Thursday, June 29th Seems that the Euro bulls took a breather in mid-Asia after enormous rally, which pushed the EUR/USD pair to refresh its 2017 tops at 1.1419 level...
Analytics & Forecasts
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EEAnalytics, 29 June 2017, 12:33
American stock indexes retain a positive trend against the backdrop of sales of government bonds. The yield of 10-year US government bonds, according to Tradeweb, rose on Wednesday to 2.223% from 2.198% on Tuesday. Investors remain confident that US economic growth is strong enough...
Analytics & Forecasts
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TifiaFX, 29 June 2017, 12:17 #fundamental analysis, Fed