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EUR/USD: what train are you on; 1.1800 or

EUR/USD has been an impressive unit, last week taking on the 1.13 handle despite the concerns over the EZ and how the ECB may need to act accordingly by way of an extension to their QE programme.
This is an area that once the spotlight over the US economy is temporarily digested and switched to other relevant risk, (from Fed/rate hike and Nonfarm Payrolls shocker), the idea that the ECB is going to augment its QE plans could weigh heavily on the euro and all of a sudden we are looking at the 1.0…
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AUD/USD bulls sigh of relief on Nonfarm Payrolls

AUD/USD has been based on the 0.70 handle since late September's trade after the price met supply at 0.7279 on the early September minor recovery from 0.6907. Last week's Nonfarm Payrolls miss will have the bears thinking twice as we approach this week's FOMC minutes as the main event on the calendar for the pair.
At the same time, while China is on holiday's, commodity prices will remain under the spot-light and despite the improvements of late in the prices of metals, the outlook continues to …
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USD/CAD: worst week since April

Near the end of the week,USD/CAD is trading slightly above Friday’s lows consolidating weekly losses. For the third day in a row the loonie is the best performer among commodity currencies.
USD/CAD reverses
On Tuesday the pair climbed to 1.3458 and hit the strongest level in 11 years. Afterwards bounced to the downside, and started a reversal. It dropped on Wednesday after GDP data from Canada; it continued to decline on Thursday and on Friday bottomed at 1.3182, a 13-day low after the US emplo…
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EUR/USD Forecast

All of a sudden, the US economic recovery is not such, and a rate hike is out of the table for this 2015, with Chinese woes becoming more relevant than ever, as further declines in there will continue fueling fears of a stronger setback in the US. And while the situation is not the brightest in Europe, latest manufacturing figures have been in line with steady growth in the third quarter, not to mention, ECB's President has shocked the markets a couple of weeks ago, when he said that the Central…
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USD/JPY slightly bid ahead of Nonfarm Payrolls

USD/JPY is trading on the bid in the Tokyo open after a mixed start, with equities opening lower as investors are in anticipation of Nonfarm Payrolls tonight. The ADP report showed a positive result and supports a decent release in tonight jobs data in the region of 200k. The FOMC will be looking to all data of late, and not all has been positive, including today's ISM release in manufacturing that points to a contraction in months ahead.
The Yen has garnered some demand on the back of recent co…
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Risk sentiment makes a comeback

Key Quotes
"Equity markets rallied overnight and the euro underperformed. There were a lot of cross currents in markets with month and quarter end, but fundamentally the confirmation of negative September inflation in the euro area was seen as skewing the risks towards additional QE on the part of the ECB."
"This potentially supported risk assets but was negative for the euro. Sentiment was also supported by the Peoples Bank of China’s announcement that it would cut the first home mortgage depos…
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EUR/USD Forecast: heading nowhere, Payrolls up next

Financial markets were all about sentiment this week, with stocks leading the way among stocks traders for most of the time. Uncertainty triggered by Central Banks' leaders, with the FED leaving its rates unchanged the previous week, and ECB's Draghi saying they are not yet considering extending QE, despite the global slowdown, has resulted in quite choppy trading in the EUR/USD.
But nearing the weekend, things are seem to be a bit clearer, as late Thursday, FED's chair, Janet Yellen, pretty muc…
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GBP/USD fails to hold gains

Even though the pound made a bounce attempt during the American session, it failed to sustain gains and dipped back to negative ground for the day, putting GBP/USD on track for its fifth daily loss in a row.
GBP/USD bottomed out at 1.5199 at the beginning of the New York session and bounced, but the recovery was limited by 1.5290, forcing the pair to pull back. At time of writing, Cable is trading at 1.5235, still a few pips below its opening price, as investors turn their attention to
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GBP/USD extends losses into a fourth straight day

GBP/USD has shed more than 450 pips since last Friday and it remains on track to post its fourth loss in a row, becoming one of the worst performers in the FX space. Cable bottomed out at 1.5220 but with the subsequent bounce capped by the 1.5260 area, it was confined to a consolidative phase. At time of writing, GBP/USD is trading at 1.5242, 0.76% below its opening price.
GBP/USD technical view
“Short term, the pair is still in risk of further declines, as the 20 SMA extended its decline and no…
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EUR/USD shoots to highs near 1.1180

After bottoming around the 1.1100 key support, the pair has engaged in a correction higher to the current 1.1170/80 band, or session tops. The up move has gathered further traction following comments by ECB’s Jazbec, who has ruled out further ECB stimulus for the time being.
Those comments have fallen in a mixed bag of opinions by other ECB members, who have recently left the door open for either an increase of the size of the bond-buying programme (currently at €60 billion) or an extension beyo…
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