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FXWRAP: ECB And ADP Leave USD Mixed Ahead Of NFP

posted by Avatar fxlady 324 days ago in EUR made popular 324 days ago

The dollar was holding a mixed tone vs. the euro and the yen Thursday, the greenback partially undone, perversely, by better than expected US economic data that primed a short-squeeze in euro positions after ... read more
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Today's Jump in ADP Tips A Stronger Non-Farm Payroll Report Tomorrow?

posted by Avatar fxlady 324 days ago in USD made popular 324 days ago

With employment on the mend traders can begin to price a move in that direction by the Fed, which would be USD positive. Negative Scenario: Of course, we can also have the opposite effect if the ADP report pumps up the markets expectations and then NFP ... read more
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Euro Upside Limited Despite ECB Monetary Policy Reversal

posted by Avatar fxlady 324 days ago in EUR, NZD

Although some risk correlated currency crosses have done a better job of reacting to the negative developments with Eur/Chf tracking lower and Eur/Jpy also coming back under pressure, currencies like the Australian and New Zealand Dollars are ... read more
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The Bank of England

posted by Avatar fxlady 329 days ago in GBP made popular 329 days ago

... fact that inflation expectations seem relatively stable and wage growth remains muted. This supports the view that inflation will fall back markedly once the pressures from VAT changes, higher energy and commodity prices, and GBP's past devaluation. read more
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Weak Chinese Data Fails to Halt EUR Gains

posted by Avatar fxlady 331 days ago in EUR, JPY made popular 331 days ago

Japans Q2 Tankan kicked off the soft string of data large manufacturing index -9 vs -7 cons, +6 last; large non-manufacturing index -5 vs. -4 cons. This was followed by China's June PMI production index, which fell to 53.1 from 54.9 in May and 55.3 in ... read more
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Euro slumps as Greece jitters weigh

posted by Avatar fxlady 335 days ago in EUR made popular 334 days ago

"We are sticking to our view that we will see successful (for now) closure on the Greek fiscal crisis, and if so then combined with our view that the market has become far too complacent on future ECB tightening risks, EUR/USD could soon be back into ... read more
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EUR/USD: Sovereign buying noted

posted by Avatar fxlady 345 days ago in EUR, AUD made popular 345 days ago

Have you noticed the current differences in (12, 26, 9) MACD configurations between the AUD/USD 4-hour chart and the... Sean Lee: Hi Dragan, I don't belive there was any gap at that time. The market traded in a fairly tight 13 pip range either side of ... read more
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Greek debt, political turmoil hits stocks, euro

posted by Avatar fxlady 345 days ago in USD, EUR, Commodities

"The Chinese economy has undoubtedly slowed as a result of the monetary tightening ... but .. the trough in leading indicators suggests that the pace of slowdown is moderating," said Gerard Lane, equity strategist at Shore Capital. ... read more
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Inflation Data, from China to the U.S., Boosts Risk-Appetite

posted by Avatar fxlady 347 days ago in CAD, Economic Indicators made popular 347 days ago

The producer price index for May increased at a 7.3 percent on a year-over-year basis, beating the 6.8 percent forecast, according to a Bloomberg News survey. Following the news release, the USD/CAD pair fell over 35-pips in the ensuing 20-minutes, ... read more
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Weekly Forex Summary on USD, Euro, GBP, JPY, AUD, CAD and MXN

posted by Avatar fxlady 348 days ago in EUR, Economic Indicators made popular 348 days ago

Euro Zone GDP was reported expanding at 0.8% in Q1 last week, in line with forecasts. Despite growth in Europe, lingering questions about the strength of the global economy particularly in the US, are weakening on the euro. Given these external factors ... read more
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AUD: Employment data next up

posted by Avatar fxlady 353 days ago in AUD, Economic Indicators made popular 353 days ago

The unemployment rate is expected to stay unchanged at 4.9% and the economy has likely put on around 22000 new jobs. Sell orders noted in AUD/USD, 1.0670/80 with stops above 1.0695 Bids noted 1.0600/10 with heavy stops below 1.0570 The opinions and ... read more
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French Trade Deficit Widens In April

posted by Avatar fxlady 353 days ago in USD, EUR made popular 353 days ago

The French trade balance showed a deficit of EUR 7.14 billion in April, data from the customs office showed Wednesday. The deficit widened from last month's EUR 5.9 billion shortfall. The trade deficit for April was bigger than the expected ... read more