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Tag Archives: forex tips

Stagnant U.K. Household Earnings to Fuel GBP/USD Weakness

– U.K. Employment to Increase Another 150K in Three-Months Through August. – Average Weekly Earnings to Hold Steady at Annualized 2.1% for Third Consecutive Month. – DailyFX 4Q 2017 Forecasts Are Now Available! Trading the News: U.K. Employment Change In light of the market reaction to the U.K. Consumer Price Index (CPI), another batch of lackluster data prints may continue to rattle the near-term ...

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Canadian Dollar Edgy on NAFTA Fears

Talking Points: USD/CAD likely to remain under the spell of NAFTA talks. A firm oil complex is underpinning the Loonie. USD bond yields remain elevated. Fundamental Forecast for CAD: Neutral We remain neutral on the Canadian dollar although we would turn bearish on CAD if the ongoing NAFTA discussions take a turn for the worse. The two drivers for the Canadian dollar, NAFTA talks and oil prices, are ...

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Yuan Looks to China Q3 GDP, Party Congress for Further Strength

Fundamental Forecast for CNH: Bullish China’s 3Q GDP, expected to grow at 6.8%, could support the Yuan to some extent. Economic policies and official’ talks from the Party Congress could boost the Yuan. China’s CPI, no longer directly affecting monetary policy, may lead to mixed Yuan moves. Chinese regulators are closely watching USD prices. What’s the Dollar trend to year-end? See our Q4 forecasts. The offshore Chinese Yuan gained against the US Dollar this ...

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Gold Prices Snap Four Week Losing Streak on Dissapointing CPI

Fundamental Forecast for Gold:Neutral Gold prices fall near two-month lows, CPI to confirm / trigger near-term low What’s driving gold prices? Review DailyFX’s 4Q Gold Projections Join Michael for Live Weekly Strategy Webinars on Mondays at 12:30GMT Gold prices snapped a four-week losing streak with the precious metal up nearly 2% to trade at 1301 ahead of the New York close on Friday...

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Tamed FOMC Minutes to Fuel Bullish EUR/USD Sequence

– Federal Open Market Committee (FOMC) to Endorse Three Rate-Hikes for 2017. – Will the Statement Highlight a Growing Dissent Amid the Downward Revision in Interest Rate Dot-Plot? – DailyFX 4Q 2017 Forecasts Are Now Available! Trading the News: Federal Open Market Committee (FOMC) Minutes The Federal Open Market Committee (FOMC) Minutes may heighten the appeal of the greenback as the central bank appears to be on course to deliver another rate-hike in 2017, but ...

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Bitcoin Prices Eye Record High – Pullbacks to Offer Opportunity

To receive Michael’s analysis directly via email, please SIGN UP HERE Bitcoin prices breakout- Near-term resistance to offer entries on a pullback. Check out our new 4Q projections in our Free DailyFX Trading Forecasts Join Michael for Live Weekly Strategy Webinars on Mondays at 12:30GMT BTC/USD Daily Chart Technical Outlook: Bitcoin broke though downslope resistance early in the month with the subsequent rally taking prices back above the record high-day close at 4600. The focus remains weighted...

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USD/JPY Stair-Stepping Down Support

To receive Michael’s analysis directly via email, please SIGN UP HERE USD/JPY turns from resistance- at risk for further losses near-term sub-112.80 Check out our new 4Q USD/JPY projections in our Free DailyFX Trading Forecasts Join Michael for Live Weekly Strategy Webinars on Mondays at 12:30GMT USD/CHF Daily Chart Technical Outlook: USDJPY turned from median-line resistance last week after failing to punch through basic trendline resistance extending off the yearly high. The focus...

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Weak Euro-Zone Core CPI to Drag on EUR/USD Rebound

– Euro-Zone Consumer Price Index (CPI) to Uptick for Second Month to Annualized 1.6%. – Core Rate of Inflation to Hold Steady at 1.2% per Annum for Third Month. – See How Shifts in EUR/USD Retail Positioning are Impacting Trend- Learn More About Sentiment. Trading the News: Euro-Zone Consumer Price Index (CPI) Even though the Euro-Zone Consumer Price Index (CPI) is...

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USD/CAD Rally Eyes Key Resistance Targets

To receive Michael’s analysis directly via email, please SIGN UP HERE USDCAD recovery approaching key levels of interest- longs at risk sub-1.25 Check out our USD/CAD quarterly projections in our Free DailyFX Trading Forecasts Join Michael for Live Weekly Strategy Webinars on Mondays at 12:30GMT USD/CAD Daily Chart Technical Outlook: USDCAD rebounded just ahead of a key confluence support zone early this month with the rally...

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