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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 8, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar was able to recover at the start of the week, thanks to the downturn in commodity prices and the return in risk aversion. There were no major reports out of the US economy, as it seems that market participants are just bracing themselves for a rate hike next week. EUR The…
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Forex Major Currencies Outlook (Dec 7, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar managed to make a quick rebound on Friday, thanks to upbeat jobs data. The US economy added 211K jobs in November, higher than the projected 201K gain. Meanwhile, the previous report enjoyed an upgrade from 271K to 298K and the unemployment rate held steady at 5.0%. Average hourly earnings rose 0.2%…
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Forex Major Currencies Outlook (Dec 4, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar had a late rally during the New York trading session as Fed Chairperson Yellen reiterated her hawkish bias. Data from the US economy fell below expectations, as the ISM non-manufacturing PMI dropped from 59.1 to 55.9 instead of just dipping to 58.1. Still, analysts are expecting to see an upbeat NFP…
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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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Forex Major Currencies Outlook (Nov 30, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The lack of top-tier data from the US and the low liquidity after Thanksgiving wasn't enough to stop the US dollar from rallying against its peers, as risk aversion seemed to take over the financial markets. Only the Chicago PMI and pending home sales data are up for release today, which suggests a potentially…
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Forex Major Currencies Outlook (Nov 27, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar was mostly stuck in consolidation against its forex rivals since there were no reports out of the US economy. Traders are off on Thanksgiving holidays and might not be back until Monday's US trading session. There have been no reports out of the US yesterday and none are due today. EUR…
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Forex Major Currencies Outlook (Nov 26, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar chalked up another mixed forex performance, as economic reports were all over the place. The headline durable goods orders report showed an impressive 3.0% gain while the core version of the report simply came in line with expectations of a 0.5% uptick. Initial jobless claims also came in above expectations but…
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Forex Major Currencies Outlook (Nov 25, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar functioned mostly as a counter currency in recent trading sessions, ending up with a mixed performance against its forex peers. Data from the US economy came in weaker than expected, as the CB consumer confidence index slumped from 99.1 to 90.4 in November and the Richmond manufacturing index indicated a drop…
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Forex Major Currencies Outlook (Nov 24, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar still managed to dominate against its forex peers even with weaker than expected economic data. The flash manufacturing PMI for November showed a decline from 54.1 to 52.6, reflecting a slower pace of growth. Existing home sales fell from 5.55 million in September to 5.36 million in October. For today, the…
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Forex Major Currencies Outlook (Nov 23, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar rebounded against its forex rivals on Friday, recovering back to its weekly highs against most of its counterparts. There were no major reports out of the US then but FOMC members Dudley and Williams reaffirmed the idea of a December Fed rate hike. The Fed has an unscheduled announcement later today…
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Forex Major Currencies Outlook (Nov 20, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar continued to give up ground to its peers even though the FOMC minutes pretty much sealed the deal for a December liftoff. Profit-taking appears to be in play, as most of these rate hike expectations have been priced in for quite some time. Data from the US economy was actually better…
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Forex Major Currencies Outlook (Nov 19, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The FOMC minutes confirmed the likelihood of a Fed rate hike in December but the dollar barely advanced after the release, as expectations have been priced in for quite some time already. The transcript showed that most policymakers agreed that the US economy can achieve the conditions necessary to warrant a rate hike next…
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Forex Major Currencies Outlook (Nov 18, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar was directionless in recent trading sessions, as mixed reports and the looming release of the FOMC minutes prevented traders from taking on large positions. US headline CPI showed a 0.2% gain as expected while the core version of the report also printed a 0.2% increase. Industrial production dropped by 0.2% in…
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Forex Major Currencies Outlook (Nov 17, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar was off to a slow start in the week but soon regained ground as risk aversion set in. US equities were able to recover from their Friday slump, adding further support for the US currency. Data was weaker than expected, as the Empire State manufacturing index rose from -11.4 to -10.7…
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