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Forex Major Currencies Outlook (Nov 16, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar pared most of its gains for the weak when retail sales figures missed expectations. The headline figure posted a meager 0.1% uptick versus the projected 0.3% gain while the core version of the report showed a 0.2% increase instead of the estimated 0.4% rise. Headline producer prices fell 0.4% instead of…
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AUDCAD Long-Term Channel Bounce (Nov 13, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
Screen Shot 2015-11-12 at 4.45.20 PM1
AUDCAD is slowly trending higher on its 4-hour time frame, just having bounced off the bottom of the range at the .9300 major psychological level. A short-term double bottom pattern can be seen, indicating that further rallies towards the top of the channel at the .9600 major psychological level could take place. For now, price…
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Forex Major Currencies Outlook (Nov 12, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar was in for a slow trading day, as banks were closed on Veterans' Day and there were no top-tier reports released. The preliminary UoM consumer sentiment index is due and a rise from 90.0 to 91.3 is eyed, with stronger than expected data likely to give the dollar an additional boost.…
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Forex Major Currencies Outlook (Nov 11, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar gave up some of its recent gains when medium-tier data came in weaker than expected. Import prices slumped 0.5% in October versus the projected 0.1% dip while the September figure was revised to show a sharper 0.6% decline. Wholesale inventories piled up by 0.5% instead of staying flat, hinting at a…
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Forex Major Currencies Outlook (Nov 9, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar enjoyed a strong rally against its forex rivals on Friday, thanks to upbeat jobs data. The NFP report showed a 271K increase in hiring, much higher than the projected 179K figure and the previous 137K rise. This was enough to bring the jobless rate down from 5.1% to 5.0%. Average hourly…
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Forex Major Currencies Outlook (Nov 5, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar was much stronger across the board, thanks to hawkish remarks from Fed Chairperson Yellen and support from FOMC members Brainard and Dudley. Yellen said that a December rate hike is a "live possibility" if upcoming data meets the FOMC's expectations. The ADP non-farm employment change came in line with expectations of…
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Forex Major Currencies Outlook (Nov 4, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar had a mixed performance but was mostly in the green despite weak data. Factory orders slumped by 1.0% in September, worse than the expected 0.8% fall, while the IBD/TIPP economic optimism index slipped from 47.3 to 45.5. For today, the ADP non-farm employment change report is due and a 183K gain…
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Forex Major Currencies Outlook (Nov 3, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar struggled to hold on to its recent gains when the ISM manufacturing PMI was released. The index fell from 50.2 to 50.1 in October, slightly higher than the projected 50.0 figure. However, the employment component indicated a contraction, spurring downbeat expectations for the NFP release. US factory orders data is due…
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Forex Major Currencies Outlook (Nov 2, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar gave up ground on Friday since most economic figures came in weak. The personal spending and income data indicated a mere 0.1% uptick instead of the projected 0.2% gain while the core PCE price index also logged in a 0.1% increase versus the estimated 0.2% rise. The Chicago PMI came in…
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Forex Major Currencies Outlook (Oct 28, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar was all over the place in recent trading sessions, as it functioned as a counter currency. Data from the US economy came in mostly weaker than expected, with core durable goods data, flash services PMI, and the CB consumer confidence index landing short of consensus. Traders might've also booked profits ahead…
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Forex Major Currencies Outlook (Oct 26, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar advanced against most of its peers on Friday, as the surprise rate cut by the Chinese central bank spurred a bit of risk aversion. In addition, data from the US was better than expected since the flash manufacturing PMI climbed from 53.0 to 54.1 instead of falling to the projected 52.8…
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Forex Major Currencies Outlook (Oct 23, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar regained ground against its peers when risk appetite tanked after the ECB statement. Data from the US came in better than expected, as the initial jobless claims showed a 259K figure versus the projected 266K reading while existing home sales beat expectations at 5.55M. Only the US flash manufacturing PMI is…
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Forex Major Currencies Outlook (Oct 22, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar advanced against most of its peers as risk aversion seemed to return to the financial markets. There have been no major reports out of the US economy yesterday while today has the initial jobless claims and existing home sales data on tap. The lack of any clear direction among dollar traders…
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Forex Major Currencies Outlook (Oct 21, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar regained ground against most of its peers in recent trading sessions when Fed head Yellen didn't exactly show any shift in her monetary policy bias. Other FOMC members reiterated that a liftoff is still possible this year but that it depends on how economic data turns out. Data from the US…
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Forex Major Currencies Outlook (Oct 20, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar was off to a strong start for the week but wound up giving up some of its recent gains to its peers. FOMC member Brainard reiterated the risks of hiking interest rates too early in her latest testimony, reminding forex market watchers that the Fed liftoff might be delayed to next…
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Forex Major Currencies Outlook (Oct 12, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar continued to give up ground against its forex counterparts despite stronger than expected data from the economy. Import prices posted a mere 0.1% decline instead of the projected 0.5% drop while the previous reading was revised slightly higher. For today, US traders are off on a Columbus Day holiday, which suggests…
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Forex Major Currencies Outlook (Oct 9,2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar gave up ground once more, as the FOMC minutes seemed less hawkish than expected. Fed officials acknowledged that the slowdown in China poses additional uncertainties for the global and domestic economy, although their outlook hasn't changed materially. Policymakers emphasized that they'd like to see more labor market progress and be reasonably…
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