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Big Decision Day for the Fed

posted by fx360 655 days ago in USD, Daily

The U.S. dollar continues to trade higher ahead of the Federal Reserve's monetary policy announcement this afternoon. A decline in productivity and smaller growth in labor costs only had a small drag on the dollar. Increasing speculation on whet

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Why USD/JPY Could Break 2009 Lows

posted by fx360 656 days ago in USD, JPY, Daily made popular 656 days ago

The dollar has stabilized and even rebounded slightly against all of the major currencies. The possibility of further quantitative easing by the Fed should keep the greenback under pressure for the next 24 hours. Although the outcome of the Fed m

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German Trade Provides Early Boost To The Euro

posted by fx360 656 days ago in USD, EUR, Daily made popular 656 days ago

German Current Account Balance soared in June rising to 12.9 Billion euros versus 1.8 Billion in May and far higher than the 5.5 Billion projected by analysts. German trade balance also improved markedly to 12.3 Billion versus 10.6 Billion the pe

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Yen Rebounds On Noda Warning, FOMC in Focus

posted by fx360 656 days ago in USD, JPY made popular 656 days ago

With the exception of the yen, the dollar remained relatively weak against the majors at the start of trading for the week as Friday’s disappointing NFP numbers continued to weigh on the greenback. USD/JPY however rallied to 85.65 in early Europe

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Pound Tumbles As IP Misses

posted by fx360 659 days ago in GBP, Daily, GDP made popular 659 days ago

UK Industrial and Manufacturing Production both missed their mark printing at -0.5% vs. 0.3% and 0.3% vs. 0.5% respectively. The wider Industrial production measure posted a surprise decline in June due to maintenance in the oil fields, but UK’s

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Pound Down On Weak IP As All Eyes On NFP

posted by fx360 659 days ago in USD, GBP, Employment made popular 659 days ago

A typically lackluster night of moribund price action in the FX market ahead of the key event risk of the week as traders brace for the US NFP numbers due 12:30 GMT. The only economic release of any importance during the European session was the

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Shockingly Weak New Zealand Labor Data to Weigh on Kiwi

posted by fx360 660 days ago in NZD, Employment made popular 660 days ago

New Zealand labor data for Q2 printed exceptionally weaker than expected with employment change declining to -0.3% from 0.5% forecast while the unemployment rate increased to 6.8% from 6.3% the quarter prior. The news came as a sharp surprise to

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Euro and Pound Rangebound Ahead of Rate Annoucements

posted by fx360 660 days ago in USD, Employment made popular 660 days ago

A very quiet range bound session in Asian and European trade today ahead of the BoE and ECB rate announcements with dollar still getting some residual strength from yesterday’s better than expected ADP and ISM data that quelled fears of a fresh r

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Will Non-Farm Payrolls Save the Dollar?

posted by fx360 660 days ago in USD, Daily made popular 660 days ago

Over the past 2 months, foreign exchange traders have dumped dollars aggressively on fears that the slowdown in the U.S. economy will last longer than previously thought, forcing the Federal Reserve to increase monetary stimulus. The mere prospec

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Trade Report Could Fuel Aussie Higher

posted by fx360 661 days ago in USD, JPY, AUD made popular 661 days ago

Australian trade data printed much better than forecast coming in at 3.54B versus 1.181B eyed and significantly higher than 1.83B the period prior. The massive surplus was driven by growth in exports which jumped by 7.1% on top of the 6.0% gain t

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Cable Stumbles as Services Growth Cools

posted by fx360 661 days ago in USD, EUR, Daily

With the exception of the yen which appears to be unstoppable in its run towards a test of the 85.00 level, the dollar was higher across the board in early European trade as a combination of profit taking and weaker than expected economic data fr

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Dollar Rebounds on the Hope for Strong Payrolls

posted by fx360 661 days ago in USD, Daily made popular 661 days ago

The U.S. dollar is finding its legs this morning on the heels of better than expected labor market numbers. With traders chattering about the possibility of the Fed resuming Quantitative Easing, Friday's non-farm payrolls report will play a large

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