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Tag: currencies

Forex Major Currencies Outlook (Feb 10, 2016)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar was in a weaker spot yesterday even as it put up a fight against the comdolls. Data from the US economy came in mixed, with JOLTS job openings showing a gain and the NFIP small business index declining. Fed head Yellen's speech might be a strong catalyst for directional plays today…
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Forex Major Currencies Outlook (Jan 29, 2016)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar gave up more ground to its peers when US data came in mostly weaker than expected. Headline durable goods orders fell 4.4% while core durable goods orders dropped 1.2%. Pending home sales rose 0.1% only instead of showing the projected 1.0% gain. Advanced GDP data is due today and a 0.8%…
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Forex Major Currencies Outlook (Jan 28, 2016)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar had a volatile time during the FOMC statement, as the currency initially rallied but instantly gave back its gains. According to the Fed, they are monitoring the global financial and economic developments closely, removing the reference on balanced risks to their outlook. FOMC officials also reiterated that they would continue to…
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Forex Major Currencies Outlook (Jan 27, 2016)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar gave up ground when risk appetite picked up during the latter trading sessions once more, as oil prices made a strong rebound. Data from the US economy came in mixed, with the CB consumer confidence improving and beating expectations. However, the flash services PMI and Richmond manufacturing index showed declines. For…
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Forex Major Currencies Outlook (Jan 26, 2016)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar regained ground in recent sessions when risk-off flows dominated price action. There have been no reports out of the US yesterday but the slump in oil prices was enough to send traders scurrying back to the safe-havens. The US flash services PMI, CB consumer confidence index, and Richmond manufacturing index are…
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Forex Major Currencies Outlook (Jan 18, 2016)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD US economic data came in mixed last Friday, although the numbers were mostly weaker than expected. Headline retail sales fell by 0.1% as expected while core retail sales dropped by 0.1%. The headline PPI showed a 0.2% dip in producer prices while the core figure posted a 0.1% uptick. The Empire State manufacturing index…
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Forex Major Currencies Outlook (Jan 15, 2016)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar had a generally stronger performance throughout the day, especially after US equities kicked off the session with a strong start. Data from the US economy came in mixed, as import prices showed a smaller than expected 1.2% drop while initial jobless claims were higher than expected. FOMC member Bullard reiterated that…
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Forex Major Currencies Outlook (Jan 14, 2016)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar had a mixed performance, as it resumed its rally against the commodity currencies but gave up ground to the euro and franc. Fed official Evans reiterated that tightening should proceed at a gradual pace while the Beige Book noted that the inflation outlook is still grim. For today, initial jobless claims…
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Forex Major Currencies Outlook (Jan 13, 2016)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar had a mixed performance lately, as the lack of top-tier catalysts left it functioning as a counter currency instead of driving any directional moves. According to FOMC member Fischer, the US central bank stands ready to make adjustments if any issues arise during the normalization process. For today, the US Beige…
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Forex Major Currencies Outlook (Jan 12, 2016)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar returned some of its recent wins to the commodity currencies but regained ground to the euro and the Japanese yen. Data from the US economy was actually stronger than expected, as the labor market conditions index ticked higher, but Fed official Lockhart's remarks downplayed the odds of a March Fed rate…
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Forex Major Currencies Outlook (Jan 4, 2016)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar is on relatively strong footing this week, especially since the Fed recently started its rate hike cycle and data from the US came in mostly stronger than expected. The ISM manufacturing PMI is up for release today and a rise from 48.6 to 49.1 is eyed. Stronger than expected data could…
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Forex Major Currencies Outlook (Dec 17, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The Fed increased rates by 0.25% as expected, upgrading growth and employment forecasts for 2016 as well. Although they downgraded their PCE inflation estimates for next year, Fed head Yellen still showed confidence in US fundamentals. In terms of data, industrial production, capacity utilization, and the flash manufacturing PMI all missed expectations. The Philly…
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Forex Major Currencies Outlook (Dec 16, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar was able to bounce back against its peers when data came in mostly in line with expectations. The headline CPI stayed flat in November while the core version of the report showed a 0.2% uptick. The Empire State manufacturing index rose from -10.7 to -4.6, higher than the projected climb to…
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Forex Major Currencies Outlook (Dec 15, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar had a mixed performance, although it was generally weaker against most of its peers with traders lightening up on their long positions ahead of the FOMC statement later on. No reports were released from the US yesterday while today has the Empire State manufacturing index lined up. A climb from -10.7…
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Forex Major Currencies Outlook (Dec 3, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar continued to give up ground during the earlier trading sessions but made a bit of a recovery later on. Data from the US economy was mostly stronger than expected, as the ADP non-farm employment change report indicated a 217K gain versus the projected 191K rise. This sets the tone for a…
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Forex Major Currencies Outlook (Dec 2, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar had a rough trading day, as the downbeat ISM manufacturing PMI forced the currency to retreat. The reading slipped from 50.1 to 48.6 in November, its lowest reading since June 2009, instead of rising to the projected 50.6 figure. Up ahead, the ADP non-farm employent change is due and a 191K…
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Forex Major Currencies Outlook (Dec 1, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar made a few wins and losses here and there, as the currency seemed to react to country-specific events. Data from the US economy came in weaker than expected, with both the Chicago PMI and pending home sales report falling short of consensus. Up ahead, the US ISM manufacturing PMI is up…
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