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Euro Crashes – 1.10 Next?
Euro Crashes – 1.10 Next? Daily FX Market Roundup March 22, 2019 What a difference a week can make in the forex market. There were 3 big revelations – the Federal Reserve doesn’t expect to …
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Is Europe on the Verge of a Recession?
Market Drivers March 22, 2019 EZ PMIs crater Brexit uncertainty continues Nikkei 0.09% Dax -0.05% Oil $59/bbl Gold $1310oz. Europe and Asia: EUR GE PMU Manufacturing 44.7 vs.48.0 North America: CAD Retail Sales 8:30 CAD …
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Dollar U-Turns, GBP Crashes Will the Reversal Last?
Dollar U-Turns, GBP Crashes Will the Reversal Last? Daily FX Market Roundup March 21, 2019 The dovishness of the Federal Reserve should have been widely negative for the US dollar but instead of extending Wednesday’s …
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Dollar Crashes on FOMC, BoE & Brexit Next
Dollar Crashes on FOMC, BoE & Brexit Next Daily FX Market Roundup March 20, 2019 The US dollar sold off sharply against all of the major currencies after the Federal Reserve’s dot plot forecast revealed …
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3 Things to Watch for From the Fed
3 Things to Watch for From the Fed Daily FX Market Roundup March 19, 2019 Wednesday’s Federal Reserve monetary policy announcement is the most important event risk this week. The US dollar is trading lower …
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Markets Mark Time Ahead of Fed
Market Drivers March 19, 2019 Majors tread water UK labor data beats Nikkei 0.08% Dax 0.61% Oil $59/bbl Gold $1305oz. Europe and Asia: GBP UK Average earnings 3.4% vs. 3.2% GBP UK Unemployment rate 3.9% …
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Brexit Vote Blocked – Is GBP Headed for 1.30?
Brexit Vote Blocked – Is GBP Headed for 1.30? Daily FX Market Roundup March 18, 2019 The worst performing currency today was the British pound, which fell sharply against all of the major currencies. This …
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Aussie Pops Stops at .7100 as Risk On Continues
Market Drivers March 15, 2019 Risk holds steady and Aussie pops JPY imports at 2 year low Nikkei 0.55% Dax n/a Oil $58/bbl Gold $1299oz. Europe and Asia: JPY Trade Balance 339Byen vs 310Byen North …
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Dollar Stumbles, More Losses Ahead?
Dollar Stumbles, More Losses Ahead? Daily FX Market Roundup March 15, 2019 The US dollar ended the week lower against all of the major currencies on the back of softer economic data. Instead of improving, …
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Risk Revives Into Close of Week But BOJ Stays Pat
Market Drivers March 15, 2019 Commdollars better bid BOJ does not offer further easing Nikkei 0.77% Dax 0.05% Oil $59/bbl Gold $1302oz. Europe and Asia: BOJ keeps monetary policy the same North America: USD Empire …