Euro zone inflation misses with 1.5% – EUR/USD tumbles down

Inflation is a global issue, better said: lack thereof. Headline CPI missed expectations with only 1.5% y/y in November in the Flash report. Core inflation also fell short with only 0.9%. Good news does come from the unemployment front: a surprising fall to 8.8%. The peak was above 12% in 2013.  EUR/USD is falling, hitting […]

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AUD/USD stabilizing amid positive Australian, Chinese data

The Australian dollar was being carried down by the strength of the US dollar. The greenback enjoyed an upgrade to GDP, hopes for an approval on a tax cut, and also a relatively positive speech from Janet Yellen. Fortunately for the Aussie, it had some better-than-expected data of its own. Here are the key figures […]

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EUR/USD: ‘Primed For Another Look At Higher Levels’ – NAB

EUR/USD lost the highs but may be marking a higher low in its correction. Can it tackle 1.20 once again? The team at NAB examines the next moves in euro/dollar. Here is their view, courtesy of eFXnews: NAB FX Strategy Research discusses EUR/USD outlook and makes a bullish case for the pair with 1.15 stands as […]

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GBP/USD could reach 1.36-1.37 by year end – two opinions

The pound advanced on hopes for a Brexit breakthrough. Here are two opinions that represent the targets that this optimism entails for the pound. We still have our doubts. The EU is very tough on the UK and the Irish issue also looms large. Here is their view, courtesy of eFXnews: GBP/USD: Breakthrough In Brexit […]

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US GDP revised to 3.3% – USD extends gains

The US was expected to upgrade the assessment of GDP growth in Q3 to 3.2% from 3% originally reported. This is the second release out of three. Significant revisions are not uncommon. The US dollar has been slightly higher, but the picture is a bit more mixed: EUR/USD stabilized around 1.1840 after falling off the […]

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GBP/USD breaks to a two-month high on Brexit bill deal hopes

A report about the British government accepting to pay a high Brexit divorce bill sent the pound higher. And now it is taking another leg up. Pound/dollar is already trading at 1.3415 1.3428, the highest in around two months. An outline of the Brexit divorce bill is much closer to the EU demands of 60 […]

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Bitcoin > $10,000 – levels to watch

BTC/USD just crossed the closely-watched $10,000 line. This was eyed by many people and become closer to reality over the weekend. After Bitcoin achieved the big prize, is the sky the limit? Will this extra publicity trigger even higher levels such as 15K or 20K? Or will some investors and speculators cash out and sell […]

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Report: UK & EU agree on 45-55 billion divorce bill, UK denies – GBP jumps

The UK has raised its Brexit divorce bill offer to a sum closer to the EU’s demands of 60 billion euros. According to a report in the Telegraph, the EU accepts this proposal and this will unlock the next phase of the negotiations, related to the future trade relationship.  Update: the UK government denies the […]

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EUR: potential end-of-year moves against USD, GBP, JPY

The euro had a positive week to end November. How will it end 2017? Here are two views that look at the single currency, looking into EUR/USD, EUR/JPY, and EUR/GBP. Here is their view, courtesy of eFXnews: EUR/USD: 1.21 Again By Christmas; EUR/JPY: Long Attractive With Tight Stop – SocGen Societe Generale Cross Asset Strategy […]

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ETH/USD settles in steady range – more rational than bitcoin?

The price of Ethereum has followed its bigger brother, bitcoin, and reached new record highs. However, it is trading a somewhat more rational manner, taking its time to consolidate after the move, quite different than BTC/USD. ETH/USD is finding itself trading in a new range. The bottom of the range is $446, the peak seen […]

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