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Foreign Exchange

News Reviews USD 

USD Daily Review August 16, 2019

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USD Daily Review for August 16, 2019 USD/JPY: US Dollar Price Action Eyes Consumer Sentiment Survey USDJPY forex traders gear up for potentially sizable swings in spot prices with high-impact event risk surrounding Friday’s release of August Consumer Sentiment data on deck.   FX Price Action Setups in EUR/USD, USD/CAD, EUR/JPY and GBP/JPY The headlines have remained busy and this morning brought another item of importance around the potential for more ECB QE.   Silver Price Targets: XAG/USD Hits Trend Resistance at Yearly Highs Silver prices rallied to fresh yearly…

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GBP News Reviews 

GBP Daily Review August 16, 2019

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GBP Daily Review for August 16, 2019 EUR/GBP Price Fading Back Towards Support After Double-Digit Rally EURGBP is on course to record its first down week in over three months as bulls take a breather and wait for the next entry point.   EUR/GBP tumbles to daily lows, approaches 0.9200 The increasing buying pressure around the Sterling is sponsoring another decline in EUR/GBP with the next target at the 0.9200 handle. EUR/GBP weaker   GBP/USD nears 1.2100 as UK retail sales unexpectedly rise 0.2% m/m in July vs. -0.2% expected…

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EUR News Reviews 

EUR Daily Review August 16, 2019

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EUR Daily Review for August 16, 2019 EUR Futures: bearish view unchanged Open interest in EUR futures markets dropped by just 508 contracts on Wednesday according to flash data from CME Group. In the same direction, volume   EUR/GBP Price Fading Back Towards Support After Double-Digit Rally EURGBP is on course to record its first down week in over three months as bulls take a breather and wait for the next entry point.   EUR/USD Technical Analysis: Upside remains capped by the 55-day SMA EUR/USD Overview Today last price 1.1151…

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JPY News Reviews 

JPY Daily Review August 15, 2019

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JPY Daily Review for August 15, 2019 USD/JPY technical analysis: Sits below 106.00, potential inverse head-and-shoulders pattern USD/JPY is currently trading largely unchanged on the day at 105.93, having hit a high and low of 106.03 and 105.72, respectively, earlier today. The   Japanese Yen Bulls Still Appear In Control As USDJPY Wilts Again The Japanese Yen took a hit against the US Dollar this week as US-China trade news seemed to improve. Dollar gains have already been eroded though   JPY Futures: rising odds for further consolidation In light…

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AUD News Reviews 

AUD Daily Review August 15, 2019

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AUD Daily Review for August 15, 2019 AUD/USD: Australian Dollar Turns to Jobs Data, RBA Cut Odds The Australian Dollar has potential to target fresh year-to-date lows if the July Australia jobs report accelerates RBA rate cut bets amid mounting fears over slowing global growth.   AUD/USD: Under pressure around 0.6750, all eyes on Aussie employment report Having become the biggest losers in G10 fraternity by the end of Wednesday, AUD/USD seesaws near 0.6750 during initial hours of Asian morning on Thursday.   AUD/USD technical analysis: Aussie parked at 4-day…

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News Reviews USD 

USD Daily Review August 15, 2019

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USD Daily Review for August 15, 2019 USD/MXN: Peso Eyes Mexico Central Bank Interest Rate Decision The Mexican Peso is at risk with the country’s central bank slated to release its latest monetary policy update which could reveal an interest rate cut. Where might USDMXN head next?   Crude Oil Price Triangle Persists – Downside Break May Help USD/CAD With the US economy in the spotlight thanks to speculation that bond markets are signaling a recession in 2020, crude oil prices are losing ground once more.   Near-term Trade Setups…

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GBP News Reviews 

GBP Daily Review August 15, 2019

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GBP Daily Review for August 15, 2019 GBP/USD Price Nudges Higher on UK Inflation Uptick, Brexit Latest The British Pound (GBP) grabbed a small bid Wednesday as UK inflation edged higher. However, Brexit remains the main driver of the British Pound.   GBP/USD jumps to 1.2075 as UK CPI rises 2.1% y/y in July vs. 1.9% expected UK CPI rises 2.1% y/y in July vs. 1.9% expected. UK CPI arrives at 0.0% m/m in July vs. -0.1% expected.   GBP/USD & GBP/JPY Stem the Bleeding on Latest Brexit News Attempts…

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EUR News Reviews 

EUR Daily Review August 15, 2019

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EUR Daily Review for August 15, 2019 EUR/USD stays unchanged near 1.1170 on German data The sentiment around the shared currency remains under pressure in the first half of the week, with EUR/USD navigating the 1.1170 region ahead of the   German Prelim GDP contracts 0.1% in Q2, matches expectations (EUR unfazed) The German economy contracted by 0.1% q/q in the second quarter of 2019 and matched expectations of -0.1%, the preliminary report by Destatis showed t   EUR Futures: extra downside is back on the radar According to advanced…

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JPY News Reviews 

JPY Daily Review August 14, 2019

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JPY Daily Review for August 14, 2019 US Dollar and Yen May Rise on Japan, South Korea Trade War The US Dollar and Japanese Yen may extend gains if the trade war between Japan and South Korea boosts demand for liquidity, though KRW weakness may be stemmed by FX intervention.   Dow and Yuan Rally, Yen and Gold Tumble as Trump Stirs Trade Wars Again Reports from the USTR that some goods would not be swept up in Trump’s $300 bln tariff hike charged a ‘risk asset’ recovery   Yen…

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AUD News Reviews 

AUD Daily Review August 14, 2019

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AUD Daily Review for August 14, 2019 AUD/USD hold on to gains with all eyes on the key Australia/China statistics While the extension to the US tariffs on some Chinese goods and resumption of trade talks pleased AUD/USD buyers on Tuesday, traders await key data for now.   Yen to Turn on China Tariff Delay? AUD/JPY 2009 Support Reinforced The anti-risk Japanese Yen is vulnerable after the US delayed imposing some of its tariffs against China. AUD/JPY 2009 support was reinforced after its best performance since January.   AUD/USD drops…

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