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USDCAD

USDCAD looks to be trapped in a wedge formation between 1.2450 and 1.2550 levels.
The Canadian inflation report will be released at the opening of today NY session and is likely going to gather most of traders attention. The data is important for the Bank Of Canada to evaluate before deciding on the next move on rates.
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GBPUSD

GBPUSD hasn't been able to move below yesterday low and seems stuck at support 1.3150 price level. This is despite retail sales report came out worse than expectations and showing a weak local consumption.
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GBPUSD

GBPUSD couldn't find follow through after breaking out from a support level on the 1 hour chart.
The released average earnings report in the UK today came out solid and has limited the downside move for the Pound.
UK retail sales is scheduled for tomorrow release and could help the Pound to recover some losses if it comes good.
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GBPUSD

GBPUSD made a break this session below an ascending trendline on the 1 hour chart.
Pound gained strength after the release of the September inflation report coming at 3% highest level since April 2012. The steady inflation in the UK is likely to increase the pressure on the BOE to hike which should support the Pound heading towards November MPC meeting.
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AUDUSD

Australian dollar was remarkably strong during Asia session benefiting from a solid China inflation report. The released data from China shows a healthy domestic demand and credit growth.
AUDUSD breaks a congestion pattern to the upside but the move could not be sustained with Australia employment event on the calendar this week.
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Key events

The economic calendar for this new trading weeks highlights some important economic data.
- China Consumer Price Index and Gross Domestic Product: These are important data to watch from the second large economy in the world. China economic health tend to have an impact on the general market sentiment.

- UK Inflation:
CPI figure is expected to gather traders focus in order to speculate on the BOE next move on the monetary policy.
- Australia Employment

- Canada Inflation
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USDJPY

It was all about the US dollar this week declining in anticipation of the inflation report.
CPI figure came in at 2.2% slightly missing expectations of 2.3%. The greenback was down on the news by 50 pips.
From the technical point of view, USDJPY is following a descending channel on the 1 hour chart.
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USDJPY

USDJPY has been down since the beginning of this week as the pair anticipates a major risk event today.
The US CPI report gets the most traders attention this week especially with the recent FOMC meeting minutes emphasized how much Fed officials are currently worrying about inflation.
However, if the news comes positive the greenback could make a great jump recovering previous losses.
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GBPUSD

GBPUSD has been weakening since the start of this month.
Brexit talks between the European Union and the UK has taken a center theme over UK monetary policy which is bearish for the cable as negotiations have not been smooth.
On the daily chart, the pair is approaching a well respected technical level situated at 1.30.
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USDJPY

USDJPY barely moved on the release of the FOMC meeting minutes. Market reaction to the event was a bearish 20 pips move.
It becomes now clear that market participants are not much interested in trading this event but rather the focus is still on Friday inflation and retail sales report.
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