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EUR/USD
EUR/USD retreats on USD strength, ahead of ECB MinutesThe EUR/USD is trading in the mid 1.1500s on broad USD strength. The greenback advances on the back of the optimistic FOMC Minutes. In addition, the US went forward with imposing fresh tariffs on China. EZ PMI data was mixed.The ECB Meeting Minutes are awaited.
USD/JPY
USD/JPY bulls eyeing a move beyond mid-110.00s
Having retested 100-day SMA support, the USD/JPY pair turned higher for the second straight session and is now looking to retest overnight swing high.
Reports that the US President Donald Trump’s longtime lawyer Michael Cohen was admitted for making illegal payments and committed other crimes to influence the 2016 election exerted some downward pressure initially. However, a modest …
Having retested 100-day SMA support, the USD/JPY pair turned higher for the second straight session and is now looking to retest overnight swing high.
Reports that the US President Donald Trump’s longtime lawyer Michael Cohen was admitted for making illegal payments and committed other crimes to influence the 2016 election exerted some downward pressure initially. However, a modest …
GBP/USD
I think the chart shows a lot
Gpy/JPY
The Fed said it planned to raise interest rates in June, saying it would allow inflation to rise above the bank's 2% target as the economy continues to recover.The minutes of the Fed meeting from early May, released on Wednesday, showed most members believe the policy committee is likely to take another step towards getting rid of easy monetary policies if the information matches the economic outlook.The record points to a high level of controversy over the Bank's approach to inflation.Members a…
The Federal Reserve's record indicates a confirmed increase in US
The Fed said it planned to raise interest rates in June, saying it would allow inflation to rise above the bank's 2% target as the economy continues to recover.The minutes of the Fed meeting from early May, released on Wednesday, showed most members believe the policy committee is likely to take another step towards getting rid of easy monetary policies if the information matches the economic outlook.The record points to a high level of controversy over the Bank's approach to inflation.Members a…
Think before falling correction CAD/USD
The Bank of Canada is likely to leave interest rates unchanged at 1.25%, but markets are likely to move. The event on April 18 at 14:00 GMT consists of new forecasts and a press conference by Governor Stephen Boloz and Representative Caroline Wilkins of 15:15 GMT.The Ottawa-based institution has many things to keep in mind.Four reasons to welcome1) North American Free Trade Agreement (NAFTA): In the previous rate decision and in the ensuing public appearance, Bolouz expressed concern about the …
Non-Far Payroll came below expectations
Earlier in the day, the Non-Far Payroll came below expectations at 164K versus 192K forecast by analysts while wage’s growth (average hourly earnings) also disappointed at 2.6% versus 2.7% forecast by analysts.
Fundamental Analysis
After the dollar's outlook is disappointing, I expect the market to see important data coming out of the pair to support the rise of the pairThe most important news, most of which is in Asia on Tuesday, is comingThe Trade Balance
Imports of goods and services from chi…
Fundamental Analysis
After the dollar's outlook is disappointing, I expect the market to see important data coming out of the pair to support the rise of the pairThe most important news, most of which is in Asia on Tuesday, is comingThe Trade Balance
Imports of goods and services from chi…