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BAT warns on forex headwinds; on track for growth

“British American Tobacco PLC (BATS.LN) said Wednesday that it expects to face translation headwinds of 7% on organic operating profit and 8% on earnings per share for the year if current exchange rates continue” writes Ian Walker for marketwatch.com. BATs said that although trading conditions remain challenging, the group remains on track for another good year of earnings growth, excluding the impact of currency translation. Source: marketwatch.com Share This:

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GBP News Reviews 

GBP Daily Review April 25, 2018

GBP Daily Review for April 25, 2018 GBPUSD Brushes Off Dip in Business Optimism as Investors Eye UK GDP GBPUSD Brushes Off Dip in Business Optimism as Investors Eye UK GDP   EUR/USD and GBP/USD Forecast April 25, 2018 The EUR/USD pair initially pulled back during the trading session on Tuesday, continuing the bearish pressure. However, when you look at this chart from a lo…   Have a nice trading! Share This:

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EUR News Reviews 

EUR Daily Review April 25, 2018

EUR Daily Review for April 25, 2018 US Dollar Boosted by Bond Yields, EURUSD Likely to Fall Further The US dollar continues to strengthen as US Treasury yields move ever higher, with EURUSD suffering as a result.   Dismal U.S. Consumer Confidence Survey to Curb EUR/USD Weakness Another downtick in the U.S. Consumer Confidence survey may tame the recent decline in EUR/USD as it rattles expectations for four Fed rate-hikes in 2018.   EUR/USD and GBP/USD Forecast April 25, 2018 The EUR/USD pair initially pulled back during the trading session…

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JPY News Reviews 

JPY Daily Review April 24, 2018

JPY Daily Review for April 24, 2018 Yen Vulnerable to Deeper Losses as Market Mood Improves The Japanese Yen may continue to decline as sentiment improves across the financial markets, sapping the appeal of the standby anti-risk currency.   USD/JPY Rate Forecast: Looking Free To Rally As Pair Tests Ichimoku The Japanese Yen has broken above the 100-DMA and is now trending toward the Ichimoku Cloud top as macro forces seem to favor a further   USD/JPY and AUD/USD Forecast April 25, 2018 The US dollar has rallied initially during…

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AUD News Reviews 

AUD Daily Review April 24, 2018

AUD Daily Review for April 24, 2018 AUD/USD Technical Analysis: Two-Year Uptrend Broken The Australian Dollar pierced support guiding the currency higher against its US counterpart since January 2016, signaling a tectonic trend change is in progress.   GE pressured to fire auditor after 109 years GE is under fire to dump KPMG as its auditor after 109 years of inspecting the conglomerate’s books.   USD/JPY and AUD/USD Forecast April 25, 2018 The US dollar has rallied initially during the trading session on Tuesday, reaching above the 109 handle. However,…

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News Reviews USD 

USD Daily Review April 24, 2018

USD Daily Review for April 24, 2018 FX Overbought/ Oversold Report: Panic at the USD Short Trade A quick glance at the momentum scoreboard shows US Dollar in an odd place a top of the momentum leader board as inflation concerns cause   USD/CHF: Fresh Three-Month Highs as Bulls Retain Control One of the more attractive USD-weakness trends from Q1 is becoming one of the more promising themes around USD-strength in Q2. Does USD/CHF have what   US Dollar Rallies to Seven-Week Highs Ahead of ECB, BoJ The US Dollar…

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GBP News Reviews 

GBP Daily Review April 24, 2018

GBP Daily Review for April 24, 2018 GBP/JPY: Trend-Line Tango as Prices Bounce From Fibonacci Support GBP/JPY came into last week on a high note, but saw a strong reversal around UK inflation numbers. Support is now showing at a confluent   EUR/USD and GBP/USD Forecast April 24, 2018 The EUR/USD pair initially tried to rally during the trading session on Monday but rolled over and showed extreme weakness, crashing into the 1.22 level. The…   GBP/USD Technical Outlook: Key Reversal Targets 2017 Slope Support Cable is down more than…

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EUR News Reviews 

EUR Daily Review April 24, 2018

EUR Daily Review for April 24, 2018 EURUSD Pressured as Eurozone PMI Stays in Lower Gear EURUSD grinded lower in the wake of the PMI survey, where the manufacturing PMI fell to the lowest level in 14-months, while IHS highlighted dampening   The Week Ahead: Many Economic Releases, European Rates A Factor Too Traders are in for a busy week of economic releases, with key indicators coming out almost every day positive earninga so far provide the backdrop for a rally.   Euro May Continue to Trade Lower According to…

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JPY News Reviews 

JPY Daily Review April 23, 2018

JPY Daily Review for April 23, 2018 Asia AM Digest: Yen Falls as Japan Mulls Stimulus, Rupiah May Rise The Japanese Yen fell as this week started, reacting to weekend news of potential government stimulus injection. The Indonesian Rupiah may rise due to trading   GBP/JPY: Trend-Line Tango as Prices Bounce From Fibonacci Support GBP/JPY came into last week on a high note, but saw a strong reversal around UK inflation numbers. Support is now showing at a confluent   EUR/JPY Technical Analysis: Trend-Line Bounce From Fibonacci Support Central Bank…

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AUD News Reviews 

AUD Daily Review April 23, 2018

AUD Daily Review for April 23, 2018 Fundamental Charge to Technical Cues for Aussie, EUR/USD, EURCHF Fundamental Charge to Technical Cues for Aussie, EUR/USD, EURCHF   Asian Stocks Wilt On Higher US Yields, AUD/USD Looks To CPI Asian stocks started a new week under a little duress as the combination of weaker US tech stocks and higher Treasury yields stymied progress   USD/JPY and AUD/USD Forecast April 24, 2018 The US dollar rallied significantly during the trading session on Monday, breaking above the 108.50 level. The market looks likely to…

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