GBP: Trading Politics Or Trading The BoE – Nomura

GBP/USD shot higher, topping 1.36, on the BOE’s bullish stance. It then dropped on political uncertainty regarding May’s future and Brexit talks. What’s next? Here is their view, courtesy of eFXnews: Nomura FX Strategy Research notes that the GBP has underperformed in the G10 space this week as negative headlines from the Conservative Party conference, [...]

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Can AUD/USD bounce from the lows?

AUD/USD suffered from the RBA’s dovish words and the strength of the US dollar. But, perhaps this is a buying opportunity? Here is their view, courtesy of eFXnews: AUD/USD: Where To Buy Dips Technically? – BofAML Bank of America Merrill Lynch Technical FX Strategy Research notes that a triangle bottom in AUD/USD was confirmed with [...]

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USD/JPY is entrenched in range – Forecast Oct. 9-13 2017

Dollar/yen did not go anywhere fast. The US dollar did make some gains and the pair hit resistance at 113.50, but it then retreated and ended the week in the same place. The rises were driven by good economic data but fresh worries about North Korea supported the yen. USD/JPY fundamental movers Good US data despite messy NFP [...]

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AUD/USD Forecast Oct. 9-13 2017

The Australian dollar struggled amid various pressure, mostly from the RBA. The upcoming features more talk from the central bank as well as some Chinese data. Here are the highlights of the week and an updated technical analysis for AUD/USD. The Reserve Bank of Australia seemed to escalate its rhetoric regarding the strength of the Australian [...]

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Canadian jobs report to keep the BOC on hold until 2018

The Canadian jobs report produced a small miss on the headline change in jobs but also consisted of a big jump in full-time jobs. What does it mean going forward? The team at CIBC sees the BOC staying on hold through 2017. CIBC Research comments on today Canad’a September jobs report: Here is their view, [...]

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EUR/USD Forecast Oct. 9-13 2017

EUR/USD was under pressure once again, dropping for the second week in a row. The upcoming week’s highlight is a speech by Mario Draghi.  Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD. The euro suffered from the Catalan crisis. The Spanish government cracked down on a referendum it [...]

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USD/CAD Forecast Oct. 9-13 2017

Dollar/CAD was stable during most of the week but eventually moved a bit higher. The upcoming week begins with Canada’s Thanksgiving holiday and then the focus is on housing data. Here are the highlights and an updated technical analysis for USD/CAD. Canada gained slightly fewer jobs than expected, but the unemployment rate remained stable and the [...]

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GBP/USD Forecast Oct. 9-13 2017

GBP/USD extended its falls amid Brexit uncertainty and unimpressive economic data. Will it head below 1.30? The upcoming week features industrial output, the trade balance and more. Here are the key events and an updated technical analysis for GBP/USD. Despite the feel-good atmosphere after May’s Florence speech, the headlines were much more negative now about Brexit. It [...]

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Forex Weekly Outlook – Oct. 9-13 2017

The US dollar remained strong and enjoyed mostly upbeat data. Can we expect further gains? The focus remains on the greenback with the FOMC minutes, US retail sales and the all-important inflation figures  Here are the highlights for the upcoming week. The US economy still looks good, despite the devastation that the hurricanes created. The [...]

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Non-Farm Payrolls fall by 33K – wages up 0.5% – USD rises

The US jobs report is totally off the charts: a drop, yes a drop of 33K jobs. This hasn’t happened in quite some time. On the other hand, wages are leaping 0.5%, which is great and wages are up 2.9% y/y. The unemployment rate is down to 4.2%, the lowest since 2001 (yes, 16 years), [...]

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