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Forex Market Updates as on Friday August 18, 2017

Persisting moderate risk-aversion combined with a dip in the Chinese new home prices continue to keep a lid on further recovery in the NZD/USD pair. AUD/JPY has recovered losses and currently trades o...

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Forex Market Updates as on Thursday August 17, 2017

GBP/USD pair caught a fresh bid-wave in Asia and extended its overnight steady rise to reclaim 1.29 handle. However, the bears continue to lurk above the last amid mixed market sentiment and increased...

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Forex Market Updates as on Wednesday August 16, 2017

Aussie wage inflation numbers matched estimates, thus AUD/USD pair remains largely unchanged around the pre-data level of 0.7833. GBP/USD pair extended its overnight consolidative mode into Asia, havi...

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Forex Market Updates as on Monday August 14, 2017

EUR/USD pair rallied to a high of 1.1848 on Friday. The gains were fuelled by a weaker-than-expected US inflation release and the resulting drop in the Fed rate hike odds. GBP/USD pair regained footin...

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Forex Market Updates as on Friday August 11, 2017

AUD/USD pair extended its recent downward trajectory and dropped to near four-week lows, albeit has managed to recover few pips thereafter. Choppy week for GBP/USD so far, alternating gains with losse...

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Forex Market Updates as on Thursday August 10, 2017

GBP/USD pair is better offered in Asia around 1.30 handle, having witnessed a temporary reversal a day before from three-week lows of 1.2950. EUR/USD fell to 1.1689 [support offered by the trend line ...

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Forex Market Updates as on Wednesday August 09, 2017

AUD/USD remains at the three-week low of 0.7862 after the data released in Australia showed the home loan growth slowed to 0.5% m/m in July vs. expected figure of 1.5%. NZD/USD pair extends its losing...

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Forex Market Updates as on Tuesday August 08, 2017

The bullish move in the AUD/USD pair appears to have stalled around the 5-DMA level of 0.7937 after Chinese export growth and import growth number missed estimates. GBP/JPY remains flat lined around 1...

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Forex Market Updates as on Friday August 04, 2017

AUD/USD jumped to a high of 0.7962 in a knee jerk reaction to the retail sales figure before falling to a session low of 0.7934. GBP/USD extended its overnight consolidative mode into Asia, as the bea...

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Forex Market Updates as on Thursday August 03, 2017

EUR/GBP wobbled in Asia, but was supported by the 5-DMA level of 0.8954 ahead of the Bank of England [BoE] rate decision, quarterly inflation report release and Carney’s press conference. Having fac...

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Forex Market Updates as on Wednesday August 02, 2017

AUD/USD breached the 1-hour 200-MA support of 0.7958 despite a big jump in the Aussie building permits figure [actual 10.9% m/m vs. expected 1.5%]. The currency pair was last seen trading closer to 0....

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Forex Market Updates as on Tuesday August 01, 2017

The renewed uptick seen in NZD/USD in the Asian trades so far gained further traction, following the release of upbeat Chinese manufacturing PMI, as published by Caixin last minutes. AUD/USD rose to a...

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