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AUD/USD struggling to hold onto 0.7750

AUD/USD struggling to hold onto 0.7750 as data misses and risk sentiment retreats
The AUD/USD is drifting lower ahead of the European session, dipping lower but still hanging onto the 0.7750 level, but bearish pressure is mounting.
The Syrian crisis is beginning to drag the US and Russia into a collision course within the UN, and traders are getting nervous as US President Donald Trump prepares to begin launching air strikes against Bashir al-Assad's forces in retaliation for a chemical weapons …
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NZD/USD

The NZD/USD got a boost when the NZIER Business Confidence indicator printed better than expected, at -11 percent versus the previous -12 percent decline, but the real market drive came when China's President, Xi Jinping, delivered surprisingly on-balance statements regarding the latest round in the tit-for-tat tariff spat embroiling China and the US currently.
NZD/USD Levels to watch

With a bullish continuation from Monday's lift taking shape, the Kiwi is set to challenge immediate resistance a…
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USD/JPY Forecast

  • The pullback in Treasury yields and lower expectations of growth/inflation elsewhere could help USD.
  • Trade war fears and risk aversion could play spoilsport.
The USD/JPY pair has fallen back below 107.00 - inverse head-and-shoulders neckline, signaling 'fake bullish breakout'. The retreat could be associated with the risk aversion in the equities. The US economy added only 103k jobs in March - the lowest print since last September, according to non-farm payrolls report. The February figure was re…
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The UK economic calendar for April 9-13

n the US the second week of April will be headlined by the US inflation data for March. The Consumer Price Index (CPI) excluding food and energy is expected to rise 2.0% over the year in March, up from 1.8% reading for February.The headline CPI is forecast to have accelerated to 2.3% over the year after printing 2.2% increase in the previous month. Wednesday’s action will be complemented by FOMC meeting minutes disclosing details of discussion among Fed policymakers during the last meeting in Ma…
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GBP/USD nearing the top of the weekly range

The Pound has had little to offer these days, confined to a 100 pips' range amid poor UK growth figures. Dollar weakness helping it bounce.
1. Technical Overview
he very short-term technical indicators on the 1-hour chart point to a further potential on the downside for GBP/USD from here. Momentum and the Relative Strength Index have both turned lower on 1-hour chart and Moving Averages of 50 and 21 periods formed the Beashish crossover along with Bearish crossover on Slow Stochastic. While GBP/…
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EURUSD at its lowest ahead of US NFP

The positive momentum of the greenback continues amid further recoveries in market's mood, sending EUR/USD close to the 1.2200 threshold.
Technically, the pair has gained further downward strength, as in the 4 hours chart, it moved further below a bearish 20 SMA, acting as a dynamic resistance at around 1.2280, while technical indicators gained bearish strength within negative territory. The pair has scope to extend its decline toward the 1.2200/10 region, with a break below it exposing 1.2160.
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GBP/USD Forecast: Downfall after the sugar rush, PMI data

The pair rode higher in a steep channel (thick black lines on the chart), and the RSI already flirted with 70, the entry point to overbought territory. This kiss of the RSI marked the turning point. The pair tumbled down and fell below the uptrend support line. The RSI is now close to balanced around 50, but upside Momentum is still significant. Support is found at the round level of $1.4000 that capped the pair in the middle of March for several days. The figure is backed up by the 50-day Simp
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EUR/USD Forecast: range persist, little hopes Payrolls can change

The EUR/USD pair continued trading lifeless these past days, confined to a tight range for the fifth consecutive week, as investors are still looking for a fresh catalyst beyond Central Banks.
Market's attention is slowly turning towards US elections after the first US Presidential debate, called by media as a point-win for the Democrat candidate Hillary Clinton. The next debate will take place in a couple of weeks, and markets will be looking if any of the candidates is able to launch a bazook…
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USD/CAD slips but remains near 1-month highs

The U.S. dollar slipped lower against its Canadian counterpart on Monday, but remained within close distance of a one-month high after data showed that Canada's current account deficit narrowed less than expected in the third quarter.
USD/CAD hit 1.3394 during early U.S. trade, the pair's highest since November 23; the pair subsequently consolidated at 1.3350, slipping 0.21%.
The pair was likely to find support at 1.3286, Friday's low and resistance at 1.3437, the high of November 23 and a one-m…
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EUR/USD Forecast: Parity in sight

EUR/USD is likely to have a week to remember. With volatility on the rise and many key events ahead, the market is about to start, what could be a historic December. After six months of closing between 1.09 and 1.12, the pair broke decisively to the downside and is about to post the lowest monthly close since 2002.
Currently, EUR/USD is moving with a clear bearish bias, in line with the dominant trend. Expectations of a rate hike in the US (the first since 2006) and more easing by the European C…
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