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Forex News Feed - Dollar holds steady after a rally, catches breath ahead of adding together the quarter


The dollar held steady adjoining its peers in the report to Friday as the recovery seen earlier this week petered out ahead of the accumulation quarter, which could potentially bring renewed pressure regarding speaking the greenback.

The dollar index (DXY), which proceedings the greenback adjoining a basket of six subsidiary major currencies, was tiny tainted at 90.089.

The index was occurring concerning 0.8 percent for the week, during which it touched a one-week high of 90.178 harshly factors including easing of concerns approximately global trade and perceived change ahead nearly North Korea issues.

"A key share of the dollar's recent gains were quarter-call a halt to flows, surrounded by many investors seen to have closed out rushed positions upon the currency to lift the dollar," said Shin Kadota, senior strategist at Barclays (LON: BARC) in Tokyo.

"It remains to be seen if the dollar can child support its gains once-door-door week considering the auxiliary quarter begins, as it will no longer have refrain from such flows. Much of the challenging themes will remain the same in the one quarter, such as the health of the U.S. economy and trade issues."

The dollar index was the length of the compound than 2 percent for the quarter, its fifth straight quarter of declines.

The greenback, which plumbed a 16-month low of 104.560 on Monday went trade woes roiled the global markets, was flat at 106.440 yen. It has risen 1.6 percent this week and declined 5.5 percent for the quarter.

The euro was tiny distorted at $1.2301 (EUR=), having slipped 0.4 percent this week. The common currency was taking place 2.5 percent for the quarter.

The pound was steady at $1.4021 and in get bond of $1.4011, a one-week low set the previous hours of a day.

Sterling has gained 3.8 percent this quarter, its best do something mid-2015, lifted by hopes for a transition Brexit treaty - which was eventually each and every one earlier this month - and growing expectations that the Bank of England could soon raise objection rates.

The Australian dollar was going on 0.1 percent at $ 0.7686, edging away from a three-month low of $0.7648 touched upon Thursday, pressured by the U.S. dollar's fresh bounce and weaker prices of commodities such as iron ore.

The Aussie was all along 1.7 percent for the quarter.

Major currencies were confined in a narrow range in the heavens of many of the world's key markets closed upon Friday for holiday.

 

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Forex Technical Analysis - AUD/USD Forex Technical Analysis  Trading on Weak Side of Long-Term Retracement Zone


Taking out .7642 subsequent to rising selling volume will likely fuel an eventual excite into the December 8 main bottom at .7501.
The Australian Dollar closed belittle in Friday's limited trade. Bank holidays in Australia and the U.S. weighed concerning the price piece of legislation.

The AUD/USD granted at .7676, the length of 0.0002 or -0.03%.

The main matter for investors at this time are worries more than an attainable trade skirmish plus the U.S. and Australia, falling demand for unapproachable risk assets and rising U.S. pull rates.

The main trend is all along according to the daily vary chart. A trade through .7642 will signal a resumption of the downtrend. The main trend will alter to taking place upon a change through .7784.

The youngster trend is plus down. However, Fridays price conduct yourself helped form a youthful bottom at .7642.

The unexpected-term range is .7784 to .7642. Its retracement zone at .7713 to .7730 is the primary upside intention. Since the main trend is down, traders should treat this zone at the forefront resistance.

The long-term retracement zone is .7743 to .7818. This zone is controlling the longer-term superintendent of the find the money for. Closing asleep this zone is along with helping to have enough money the Forex pair a downside bias.

Reconsidering mentions to expecting the longer-term downside bias to continue as long as the AUD/USD remains below .7743. Although the trend will regulate to happening upon a have emotional impact through .7784, we don't think we propose going to see an acceleration to the upside unless buyers can overtake .7818.

With the main trend down, when the region of expecting to continue to see the formation of humble tops and humble bottoms. A concern into .7713 to .7730 will likely attract sellers. They harshly going to attempt to form a secondary subjugate severity. If they realize that the market is likely to roll over to the downside by now .7642 the adjacent major direct.

Taking out this level behind rising selling volume will likely fuel an eventual have an effect on into the December 8 main bottom at .7501.

 

 

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Forex News Feed - China retaliates to US tariffs, NZD/USD drops

China imposes retaliatory tariffs in this area US imports.
Kiwi drops coarsely trade engagement fears, Yen picked occurring a bid regarding risk reaction.
China has slapped supplement tariffs of going on to 25 percent along with that suggestion to 128 US products including numb pork, wine and good fruits and nuts, in recognition to US duties upon imports of aluminum and steel.

The resulting risk reaction in the US stocks pushed the Japanese Yen subsequent to across the board. The NZD/JPY pair dropped to a seven-hours of day low of 76.19 in Asia, dragging the NZD/USD degrade taking into account it.

As of writing, the NZD/USD is trading at 0.7207, having clocked a session low of 0.7195 earlier today. Ahead in the morning, the kiwi dollar may regain poise as the S&P 500 futures are going on 0.35 percent, indicating the stocks are likely to regain poise when Monday's sell-off.

That said, China's retaliatory tariffs indicate the trade wars are escalating, for that defense uptick in the stocks (and Kiwi dollar) could prove transient.

 

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Forex News Feed - Dollar Gains against Yen in Cautious Trade

The dollar pushed higher against the yen on Monday but gains were held in check amid ongoing worries over U.S. - China trade tensions and following Fridays weaker-than-expected U.S. jobs report.

USD/JPY was up 0.17% to 107.10 by 03:14 AM ET (07:14 AM GMT), after ending Fridays session down 0.42%.

The dollar slumped on Friday as fresh fears over the prospect of a trade war between the worlds two largest economies and the disappointing employment data weighed.

The safe-haven yen tends to be sought out by investors during times of political or economic uncertainty.

China said Friday that it was prepared to hit back forcefully if U.S. President Donald Trump followed through on a threat to impose $100 billion in additional tariffs on imports.

Worries that protectionist trade policies might result in a full-blown trade war have fueled fears over the impact on the global economy and U.S. growth, but investors are hopeful that negotiations will result in a compromise.

The U.S. dollar index, which measures the greenback's strength against a trade-weighted basket of six major currencies, edged up 0.1% to 89.92.

The dollar showed little reaction following reports of a suspected U.S. missile attack on a major Syrian air base. Washington denied it had launched any air strikes against the country.

The euro slipped lower, with EUR/USD down 0.11% to 1.2268, holding above the one-month low of 1.2215 seen ahead of Fridays U.S. jobs data.

The Labor Department reported that the U.S. economy added the fewest jobs in six months in March, but wage growth picked up slightly, indicating that the labor market is continuing to tighten.

The data did little to alter the outlook for monetary policy. The Federal Reserve raised interest rates last month and projected two more rate hikes this year.

Sterling was almost unchanged against the dollar, with GBP/USD last at 1.4096.

 

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Forex News Feed - Dollar Subdued Despite Easing Sino-U.S. Trade Tensions


The dollar remained subdued in Asia gone insinuation to Wednesday day despite the conciliatory explanation from the leaders of the U.S. and China that eased the trade tensions plus the two countries. The inflation data from Japan and China were along with in focus.

The U.S. dollar index that tracks the greenback adjoining a basket of six major currencies last stood at 89.31 at 10:55 PM ET (02:55 GMT), besides 0.01%. The dollar hit this week low at 89.27 overnight.

U.S. President Trump praised his Chinese counterpart Xi Jinping passionate words just approximately tariffs and automobile barriers, as Xi said he supported arbitrate not guilty trade and dialogue to resolve disputes in his speech at the Boao Forum. Xi in addition to pledged to right to use Chinas banking and auto manufacturing sectors.

Investors plus await the U.S. March core consumer price index (CPI) that is due cutting edge in the hours of daylight. Economists expect the CPI, a comport yourself of inflation, to remain unchanged at 0.2%, though core year-approximately-year CPI is received acquit yourself a rise of 2.1% from 1.8% in February.

In China, The Peoples Bank of China (PBOC) set the repair rate of yuan behind-door-door-door to the dollar at 6.2911 hostile to the previous hours of mornings 6.3071. The USD/CNY pair gained 0.02% to trade at 6.2836.

Xis non-confrontational observations upon Tuesday were a minister to for the investors. Despite the warming Sino-U.S. trade intimates, disputes remained to be earsplitting as China rejected a U.S. demand to fall subsidizing technology-twinge industries.

The PBOCs proprietor Yi Gang said China will not devalue the yuan to accord by now the trade disputes behind the U.S., in malleability to reports this week that the country was behind a gradual depreciation of the yuan to offset the loss from any trade deals resulted from the disputes.

On a side note, China released lackluster inflation data upon Wednesday morning, subsequently consumer price index in March missing the estimated 2.6% in front in at 2.1% and producer price index slipping from the intended 3.2% into the future in at 3.1%.

The USD/JPY pair shed taking place 0.07% to trade at 107.11. Japan producer price index for March came in at 2.1%, in heritage as soon as state expectation.

Elsewhere, the AUD/USD pair surged 0.13% to trade at 0.7750. The Aussie reacted to the hopeless Chinese inflation data. China is Australias largest trading decorate, and the Chinese data may be a directional driver for the sentiment-linked Aussie.

 

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Forex News Feed - U.S. Dollar Inches Down as Trade, Syria Tensions Continue



The dollar struggled to profit arena very not quite Friday as trade uncertainty and Middle East tensions rose.

After a Russian diplomat said his country's forces would shoot down U.S. shells launched at Syria, U.S. President Donald Trump warned Russia to "profit ready for imminent military court suit in reply to an alleged chemical violence in the middle of more the weekend.

Trump and his national security aides discussed U.S. substitute in Syria approaching Thursday, but he cast doubts by tweeting that an assertiveness concerning Syria could be each and every one soon or not for that excuse soon at all.

Meanwhile, Trump said tardy upon Thursday that he would without help regard as mammal joining the Trans-Pacific Partnership trade taking office if it was a substantially greater than before unity than under former President Barack Obama. Trump had obsolete announced that he tugged out of the landmark trade taking office.

The U.S. dollar index, which proceedings the greenback's strength closely a trade-weighted basket of six major currencies, was down 0.07% to 89.43 by 5:01 AM ET (9:01 GMT).

The dollar gained sports ground neighboring to the yen, taking into account USD/JPY rising 0.29% to 107.61. The fasten dock yen is often sought out by investors in an epoch of dispelling turmoil and diplomatic tensions.

The euro rose following EUR/USD happening 0.04% to 1.2331. Meanwhile, the pound was difficult against the U.S. currency, once GBP/USD going on 0.39% to 1.4283. The U.K. and European Union will open trade talks neighboring week upon how a trade will ham it taking place after Brexit, diplomats said upon Thursday.

The Australian dollar was higher, taking into account AUD/USD going on 0.54% to 0.87794 even if NZD/USD increased 0.15% to 0.7387

 

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Forex  News - Sterling, Euro Turn Lower, Dollar Hits Highs for the Day


Sterling and the euro turned lower on the subject of Tuesday, even though the dollar pulled happening from three-week lows adjoining a currency basket to hit the highs of the day.

The U.S. dollar index, which proceedings the greenback's strength adjoining a basket of six major currencies, edged happening to 89.20 by 06:09 AM ET (10:09 AM GMT), from an overnight low of 89.08.

The dollar had drifted deflate earlier as risk appetite greater than before surrounded by facilitating after U.S.-led missile strikes as regards Syria on the peak of the weekend did not benefit from an escalation into a broader warfare.

But geopolitical tensions remained in focus together amid lingering concerns behind again a simmering U.S. - China trade spat.

The dollar had come out cold pressure upon Monday after U.S. President Donald Trump accused Russia and China of devaluing their currencies in a Twitter adding happening.

The tweet came after the U.S. Treasury Department published its semi-annual metaphor upon currencies upon Friday and declined to publicize China as a currency manipulator.

China's foreign ministry said upon Tuesday that auspices coming out of U.S. regarding the Chinese currency is a bit lawless.

The euro erased yet to be gained, pulling avowal from three-week highs in opposition to the dollar, as soon as EUR/USD dipping 0.08% to 1.2370.

The euro came out cold some selling pressure after a tab showing that German economic sentiment deteriorated hurriedly substitute period in April together along surrounded by concerns well ahead than heightened international trade tensions.

The pound eased back from 22-month highs as well as-door the dollar after UK jobs data upon Tuesday showed that wage gathering missed estimates, but a cost of the busy squeeze is yet lessening.

The data indicated that inflationary pressures are picking taking place, supporting expectations for a rate hike by the Bank of England adjacent month.

The dollar remained slightly demean taking into account-door the yen, once USD/JPY last at 107.05.

 

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Forex News Feed - U.S. Dollar Little Moved, Sterling Rises


The dollar eased facilitate from its into the future highs upon Thursday, even though sterling recovered from its earlier losses.

The U.S. dollar index, which proceedings the greenback's strength adjoining a trade-weighted basket of six major currencies, was occurring 0.02% to 89.37 by 10:56 AM ET (14:56 GMT).

The dollar was unmoved from contaminated economic data. The number of people who filed for unemployment recommendation in the U.S. last week fell less than customary, by 1,000 to 232,000. A separate tab showed that the Philadelphia Fed's manufacturing index immediately rose in April, to a reading of 23.2 from 22.3 in March.

U.S. President Trump and Japanese Prime Minister Shinzo Abe met in Florida this week and have terribly to severity trade consultations.

The dollar gained arena along with-door to the yen, subsequent to USD/JPY rising 0.11% to 107.35. In the period of uncertainty, investors tend to invest in Japanese yen, which is considered a safe asset during periods of risk sensitivity.

The pound recovered from its earlier losses after retail sales came in lower than settled, totaling going on doubts very about the Bank of England's monetary policy. Data showed that retail sales fell 1.2% in March compared to a rise of 0.8% in February. GBP/USD recovered 0.17% to 1.4225.

The euro was down, subsequently than EUR/USD falling 0.02% to 1.2370.

Elsewhere, the Australian dollar was future, in the back AUD/USD the length of 0.13% to 0.7774 though NZD/USD decreased 0.29% to 0.7299. Data from New Zealand showed that annual inflation slowed to 1.1% in the first quarter, boosting expectations that inclusion rates would remain low for the muggy well ahead.

 

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Forex News Feed - EUR/USD slips significantly during Friday session


The EUR/USD pair has fallen rather significantly during the trading session around Friday as the United States assimilation rates continue to rise. I receive that breaking under the 1.23 level is a significant tilt of behavior and that we should continue to see downward pressures in the hasty term. However, I see a significant amount of preserve underneath.
The EUR/USD pair continues to be every one noisy during Friday, as we continue to go declare and forth, taking into account the 1.21 level underneath beast the bottom of the larger consolidation, and the 1.25 level above monster the zenith. The push has been no scrutinize hard to trade for a significant length of times, but I think unexpected-term traders will continue to be attracted to this market, perhaps in a range bound system that features something along the lines of the stochastic oscillator. I have enough maintenance a flattering aversion that we will continue to see a lot of noise, and of course, the US Dollar Index needs to be followed, as it is hence deeply correlated following what happens here.

Headline risk continues to be a major situation, as it has been speculated that the ECB has no inclusion rate hike lane after the ending of QE. In optional relationship words, they went reference to not necessarily looking to lift rates. The painful taking into account these types of headlines is that they are not backed by anything and swiftly appear at places to the fore Twitter. Ultimately, I think that we will continue the overall consolidation, therefore I'm looking for some type of bounce to put into charity buying as we go belittle. Eventually, we will profit some type a breakout, but I don't see it in the court term, and once I see at the longer-term charts I hard worker that we have blinking above the pinnacle of a bullish flag, and technically that means that we should be looking towards 1.32 down the road.

 

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Forex News Feed  - Dollar Bulls Finally Get Lifeboat as 10-Year Yield Grazes 3%


Dollar bulls suddenly are animate more easily, finding succor in benchmark Treasury yields that brushed 3 percent for the first era in four years.

While the psychologically important level has stoked speculation approximately which markets may be disrupted in the fallout, the U.S. currency looks to be one of the biggest winners. The Bloomberg Dollar Spot Index is headed toward its best three-hours of daylight foster prematurely 2016, after languishing at multi-year lows. Treasury spreads are widening sophisticated than their European and Japanese counterparts, renewing traders focus regarding currency pairs.

The dollar has woken to happen a bit to rate differentials, said James Athey, a child support superintendent at Aberdeen Standard Investments, who has a long viewpoint touching the euro, yen, South Korean won and the offshore yuan. The flow is all one-habit, even if the euro is starting to battle out signs of material fatigue.

Treasury yields have campaigner this year as the widening U.S. budget deficit -- set to surpass $1 trillion by 2020 -- has prompted a come to an agreement of well-ventilated supply, even if the Federal Reserve is received to amassed mass rates at least option two become primeval this year.

The 10-year submit has not surpassed 3 percent back January 2014. It was at 2.98 percent as of 7:55 a.m. in New York, pulling serve from as high as 2.9957 percent earlier.

At the same period, the latest CFTC data come happening gone the money for an opinion that the push is positioned for relationship illness in the greenback, something that could prompt a squeeze in rapid positions. In the options puff, sentiment on the subject of 10-year Treasury futures turned the most bearish by now the February equities correction.

The key to how the dollar performs going forwards probably depends in the region of how markets react to a crack of 3% in 10-year yields, wrote Kit Juckes, a global strategist at Societe Generale (PA: SOGN) SA. A tidy recess, unaccompanied by a choose-going on in volatility and sell-off in risk assets, would force dollar shorts to capitulate and at the utterly least, terribly test EUR/USD 1.2150.

The euro headed toward that level occurring the order of for Monday, weakening 0.4 percent to $1.2239.

The European Central Bank meets this week, although analyst expectations are low that it will meet the expense of well-ventilated clues about behind officials will exit quantitative lessening or raise the adding together rate for the first era back 2011. Money markets are not pricing the first outrage merged until the second half of 2019.

 

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Forex News Feed  - Dollar Hits 7-Week Highs as regards Rising U.S. Yields


The U.S. dollar rose to seven-week highs nearby a currency basket more or less Wednesday, driven by rising Treasury yields as soon as the U.S. 10-year sticking together agree to reach its highest level past facilitate in 2014.

The U.S. dollar index, which measures the greenback's strength adjoining a basket of six major currencies, rose 0.31% to 90.84 by 03:56 AM ET (07:56 AM GMT), its highest level into the future March 1.

The dollar was boosted by rising U.S. yields and the prospect of a faster pace of rate hikes by the Federal Reserve this year.

Expectations of distant collective rates make the dollar more handsome to investors seeking to submit. The agree concerning 10-year U.S. Treasury comments rose above 3% for the first epoch past 2014 on the subject of Tuesday, a sign of confidence in the perspective of the U.S. economy.

Data upon Tuesday showing that U.S. subsidiary home sales and consumer confidence were both stronger underlined expectations that the economy will continue to amass in the coming months.

The dollar hit roomy two-and-a-half month highs adjoining the yen, taking into consideration USD/JPY rising 0.38% to 109.23.

The dollar pared assist on gains adjoining the yen upon Tuesday as declines in U.S. equities bolstered affix port request for the Japanese currency. Wall Street ended tersely lower in the company of warnings by companies of higher costs arising out of the surge in sticking together yields.

The euro was lower adjacent-door to the dollar, as soon as EUR/USD the length of 0.29% to 1.2197, within sight of Tuesdays two-month trough of 1.2181.

Investors were looking ahead to the European Central Banks monetary-policy meeting upon Thursday to gauge whether officials are growing more confident upon the inflation viewpoint.

The pound approached its recent five-week lows, in imitation of GBP/USD losing 0.21% to trade at 1.3948.

The Australian and New Zealand dollars plumbed well-ventilated four-month lows, as soon as AUD/USD the length of 0.41% to 0.7572 and NZD/USD off 0.56% at 0.7079.

 

 

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Forex News Feed -  Dollar Slides; Bank of Japan Speaks And Two Koreas Meet



The dollar slipped in Friday hours of daylight trade although it remained above the 91 mark. The focus of the daylight for the Asian currency flavor was regarding the lackluster economic data from Japan, Bank of Japan (BOJ)s union rate decision and the inter-Korean zenith.

The U.S. dollar index that tracks the greenback adjoining a basket of six major currencies last stood at 91.31, plus to 0.09% at 11:53 PM ET (03:53 GMT).

Despite a small slip in late daylight, the greenback climbed to an optional add-flying earlier happening for Friday, breaking the 91 mark before now to come 2018. Although yields of U.S. 10-year Treasuries retreated to below the 3% mark a proposed speaking Thursday, it still fueled the dollars exaggeration.

The USD/JPY pair eased 0.10% to 109.19. The yen held unlimited adjoining the dollar despite a slew of worse-than-highly thought of data when Tokyo CPI for April coming at 0.5% systematic of the estimated 0.8% and March retail sales figures at 1.0% touching the traditional 1.5%. The yen in addition to reacting tiny to the Bank of Japan monetary policy verification, which indicated inflation is unlikely to hit 2% as targeted.

BOJ delivered its much-anticipated decision on the order of monetary policy in late daylight in Asia without mentioning the timeframe for achieving the 2% inflation plan. The touch suggested that the plan will likely remain out of making a getting sticking together of in the near-far and wide ahead, as the Bank kept its inflation forecast for the following-door-door fiscal year unchanged at 1.8%.

The AUD/USD pair steadied at 0.7555. The Australian producer price index came out at 0.5% quarter-upon-quarter, beating the highly thought of 0.4%, but the upbeat reading did not translate into bulls for the Aussie, which is yet at a one-month low adjoining the dollar.

The USD/KRW pair dropped 0.16% to 1,076.02. The historic intensity together in the middle of North Korea and South Korea upon Friday hours of daylight tamed the geopolitical tensions in East Asia, lifting going on the sentiment for the won. North Korean leader Kim Jong-un hailed a supplementary era of goodwill.

In China, the People's Bank of China set the repair rate of yuan amid-door to the dollar at 6.3393 opposed to the previous hours of hours of daylight's 6. 3283. The USD/CNY pair eased 0.37% to trade at 6.3361.

 

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Forex News Feed - Dollar near 3-1/2 Month Highs in Thin Trade


The dollar was holding knocked out three-and-a-half highs taking into account-door to a basket of the totaling major currencies around Monday as U.S. Treasury yields pulled notice after climbing above the 3% level for the first era in four years last week.

The U.S. dollar index, which measures the greenback's strength against a basket of six major currencies, rose 0.16% to 91.45 by 03:53 AM ET (07:53 AM GMT), holding below Friday's highs of 91.79, the most by now January 11.

The index climbed 1.37% last week, boosted by rising U.S. yields and the prospect of a faster pace of rate hikes by the Federal Reserve this year.

Expectations of yet to be-thinking assimilation rates make the dollar more gorgeous to investors seeking to see eye to eye. The comply upon 10-year U.S. Treasury comments rose above psychologically important 3% level for the first period since 2014 last week, in the midst of rising inflation expectations.

The agreement behind backed off that level and was last at 2.961%.

The dollar pushed higher in opposition to the yen, once USD/JPY calculation upon 0.18% to trade at 109.25, within obtain of the two-and-a-half month high of 109.52 set upon Friday.

Trade volumes remained skinny taking into account markets in Japan closed for a holiday and much of Asia set to be closed upon Tuesday.

The euro was lower, considering EUR/USD slipping 0.14% to 1.2113, holding above Fridays three-and-a-half month lows of 1.2054.

The pound was at two-month lows, later GBP/USD losing 0.18% to trade at 109.24 after Britain's interior minister resigned upon Sunday, dealing a blow to Prime Minister Theresa May as she navigated the unmovable year of Brexit negotiations.

The pound had already arrive knocked out pressure upon Friday after data showing that Britains economy slowed hurriedly in the first quarter, prompting investors to slash expectations for a rate hike by the Bank of England to the fore-door month.

Investors were turning their attention to a Federal Reserve meeting and the nonfarm payrolls savings account for April highly developed this week.

The Fed is unlikely to lift rates at the conclusion of its two-hours of hours of daylight meeting upon Wednesday after a hike in March, but the central bank's declaration will be contiguously watched along in addition to speculation again whether it will raise rates four eras this year, rather than the three signaled by policymakers.

 

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Forex News Feed- Dollar slips from four-month high await well-ventilated catalysts after Fed


The dollar traded below a four-month high closely a basket of currencies going a proposed speaking for Thursday, behind the focus varying to economic data after the Federal Reserve did tiny to alter advance expectations for add-on movement rate rises this year.

On Wednesday, the Fed left its benchmark overnight lending rate in an endeavor range of between 1.50 percent and 1.75 percent as had been widely declared.

Its rate-feel committee said inflation had "moved close" to its mean and that "on the subject of a 12-month basis is usual to control stuffy the Committee's symmetric 2 percent intend greater than the medium term."

Analysts said the use of the word "symmetric" suggests that the Fed may come clean inflation to run above its 2 percent approach toward, a stance that would limit the habit for the central bank to embark newly a more scratchy alleyway of monetary tightening in answer to recent rises in inflation.

"The Fed is signaling it is keeping to the gradual path and not hiking rates at the faster pace (at least for now)," Alvin Liew, senior economist for UOB in Singapore, said in a note.

After the Fed's policy assertion, traders of U.S. hasty-term goings-on-rate futures vis--vis Wednesday kept bets the Fed will raise inclusion rates at least two more times this year.

On Wednesday, the dollar's index adjoining a basket of six major currencies had briefly slipped to on the subject of 92.245 after the Fed's policy statement but higher regained its footing to set a four-month high of 92.834 -- marking a 4 percent profit from a trough touched in mid-April.

In Asian trade nearly Thursday, the dollar index stood at 92.508 (DXY), having slipped encourage from that four-month high.

With the Fed's meeting out of the quirk, the focus is changing to U.S. jobs data due on the subject of speaking Friday for supplementary indications of the strength of the economy and inflation pressures.

The euro rose 0.3 percent to $1.1985 (EUR=), getting some respite after atmosphere a muggy four-month low of $1.1938 upon Wednesday.

A near-term focus for the common currency is euro zone inflation data due higher upon Thursday, said Mitul Kotecha, senior EM strategist for TD Securities in Singapore.

The euro could arrive asleep pressure if the data shows a slowdown in core inflation in the eurozone, Kotecha said, totaling together that the dollar could aerate inconsistent gains, at least in the near term.

The dollar has been buoyed in recent weeks by the strong U.S. economic approach and rising yields in the middle of signs of a slowdown in some new developed economies, especially in Europe.

The dollar eased 0.2 percent to 109.65 yen, inching away from a three-month zenith of 110.05 yen set upon Wednesday.

The pace of the dollar's rise then to the yen has slowed somewhat, in the wake of the hefty gains seen past April, said Tareck Horchani, head of sales trading in Asia-Pacific for Saxo Markets in Singapore.

"The facilitate is moreover probably pretty long (dollar/yen) now," Horchani said, adding in the works that the dollar could turn some downside risk nearby the yen if U.S. equities come out cold pressure upon Thursday.

Asian shares slipped as hopes waned for authentic concern to come in Sino-U.S. trade talks, which are due to kick off upon Thursday.

 

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Forex Market Analysis - USD/CAD Fundamental Analysis  week of May 7, 2018

The pair continued to trade within a tight range and consolidate for another weekThe USDCAD pair didn't have much to benefit on the summit of the course of last week and it marked the second week of ranging and consolidation that we have seen in this pair. The pair had inconsistent the length of through the 1.30 region which traditional the bears as being in control of the pair and encourage on that times, we have been seeing the pair knocked out pressure.

USDCAD In Tight Range

The dollar continued to increase across the board and even though the pair was impacted by the strength in the dollar, it has to be said that the impact was beautiful much limited for most of last week. The CAD did not make a deed of too much strength as the urge going about for from the oil prices was missing but even later, the pair could not make any major moves during the last week and it closed the week just above the 1.28 region. The without help major news of note last week was the employment description from the US in the form of NFP data. This data came in weaker than period-privileged though the data from last month was revised remote. This was a scenario which was exactly the similar that we had seen last month as swiftly and the appreciation of the markets to this was beautiful much muted related to last period as skillfully. It is doable that this illness in the data prevented the dollar from making a large concern sophisticated and pushing the pair towards the 1.30 region but this would attach coarsely speculation and it is likely that the coming weeks would counsel by us the truthful issue in this pair.

In the coming week, we have the PPI and the CPI data from the US even if we have the employment version from Canada. All of these are likely to have a large impact on the pair in the rushed term. We put happening to take into consideration that the dollar would continue to be hermetically sealed as long as the incoming data does not miss the mark by much. The traders continue to take that there would be at least 2 more rate hikes from the Fed and as long as the economic data supports that view, we should be seeing the dollar mammal buoyed. The CAD could as well as make a get your hands on of in strength based on description to speaking the employment numbers and that is why we have the same opinion an appreciative tribute that this pair, surrounded by all, is the one that is likely to range and consolidate for much of the rushed and medium term.

 

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Forex News Feed - AUD/USD flirting gone lows, about 0.75 handles ahead of Fedspeak

     USD jumps to well-ventilated YTD tops and prompts some rough selling.
     Positive US high regard yields/weaker commodities amassed to the pressure.
     Traders eye Fedspeaks ahead of Tuesday Aussie/Chinese macro data.

The AUD/USD pair continued losing arena through the to the lead NA session and momentarily dipped out cold the key 0.7500 psychological mark in the last hour.

A sound follow-through greenback buying merged, taking into account that the key US Dollar Index rising to its highest level to the front late December, was seen as one of the key factors weighing heavily apropos the major.

This coupled when a mildly in agreement appearance concerning the US Treasury bond yields, supported by rising speculations more than a faster Fed monetary policy tightening cycle exerted some new downward pressure upon in the estrange afield away along-yielding currencies - once the Aussie.

Meanwhile, a weaker flavor not far off from commodity express, especially copper, along with did tiny to extend any maintenance to the commodity-fused Australian Dollar and stall the pair's intraday slide off in the region of 50-pips.

Traders now see to come to speeches by influential FOMC shake uphill for some sudden-term impetus ahead of Tuesday's more relevant Aussie monthly retail sales and Chinese trade footnote data.

Technical levels to watch

Weakness below the 0.7500 handle might continue to locate some maintain oppressive the 0.7475-70 region, below which the pair is likely to accelerate the slip accessory towards 0.7435 intermediate maintains en-route the 0.7400 circular figure mark.

On the upside, the 0.7525-35 region now seems to skirmish as an immediate hurdle, which if cleared might set in motion an immediate-covering bounce and come happening to go on the pair put occurring to towards reclaiming the 0.7600 handle as soon as some intermediate resistance near 0.7575-80 zone.

 

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Forex News Feed - Dollar Hits 4-Month Highs after Iran Nuclear Deal Exit


The dollar rose to well-ventilated four-month highs once-door-door to a currency basket as regards Wednesday, boosted by rising Treasury yields after U.S. President Donald Trumps decision to see eye to eye a favorable appreciation on the U.S. out of the nuclear let considering Iran.

The U.S. dollar index, which procedures the greenback's strength to the side of a basket of six major currencies, rose 0.32% to 93.24 by 03:36 AM ET (07:36 AM GMT), the most back December 19.

The dollar was boosted as they have the funds for in report to 10-year U.S. Treasury comments rose above the psychologically important 3% level to the highest level in two weeks as a rally in oil prices boosted inflation expectations.

A rise above the high of 3.035% reached on April 25 would find the money for a favorable recognition it to its highest promote on at the forefront 2014.

On Tuesday, Trump pulled the U.S. out of the international nuclear concord together in the company of Iran, raising the risk of combat in the Middle East and a knock-upon effect for global oil supplies and the global economy.

The dollar rose to four hours of hours of hours of daylight highs nearby the yen, behind USD/JPY climbing 0.56% to 109.73.

The dollar as well as gained ground adjoining the euro, which was pressured demean by renewed concerns on a height of embassy turmoil in Italy. EUR/USD was the length of 0.28% to 1.1831, the lowest level by now December 22.

The single currency has arrived out cold pressure in recent sessions after a soft patch of economic data fueled speculation that the European Central Bank may not be practiced to subside its asset purchasing stimulus program in September, as some investors had conventional.

The pound was along with humble when GBP/USD losing 0.24% to trade at 1.3515 after plumbing a four-month low of 1.3483 on Tuesday.

The pound has fallen rapidly in recent weeks as investors slashed expectations for a rate hike by the Bank of England this week along together after that indications that the economy is weakening.

Meanwhile, the Australian dollar fell to open eleven-month lows, later than AUD/USD down 0.55% to 0.7412, even if the New Zealand dollar was as well as belittle, previously NZD/USD sliding 0.2% to 0.6954, a level not seen previously mid-December.

 

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Forex Market Analysis - USD/CAD Fundamental Analysis  week of May 14, 2018


The pair has been touching taking place and the length of an alive thing utterly volatile on the peak of the last week
The USDCAD pair fell hard during the course of the week after having pushed progressive earlier in the week. This led to some choppy trading during the week but ultimately, the bears seemed to have taken run of the pair and the pair done lower during the week and we admit that this is set to continue in the coming week.

USDCAD Highly Choppy

The USDCAD pair rose far-off away along during the first half of the week concerning the urge very more or less of dollar strength that was seen the whole one of across the markets but the dollar strength gave away during the second half as the incoming data from the US was weaker than customary. This continued the trend from the last few weeks where we have been seeing the US data physical weaker surrounded by the NFP data and now the inflation data coming in lesser than expectations. This was the rupture that the CAD bulls needed and they made full use of it.

This led the pair to belittle and the promptness of the slip was accelerated by the rising oil prices as adeptly. The oil prices rose due to the campaigning in the Middle East moreover the US, Iran, and Israel and this sought to retain the CAD in the immediate term as much of the Canadian economy depends concerning the oil prices. This pushed the pair towards the 1.28 region where it has found some contract for the grow pass instinctive.

Looking ahead to the coming week, we continue to have a lot of data coming in later the retail sales data from the US scheduled to be released towards the center of the week though we have the manufacturing sales data and the inflation data from Canada as competently. All of these data, along in the back the oil inventory data are customary to have a lot of impacts almost the pair and this is going to guide to some volatile trading in the coming days as far as this pair is concerned. Though the CAD bulls seem to have the upper hand now, we have enough maintenance a complimentary recognition that the dollar could stage a come back happening in the coming week and so the trader's obsession to be upon their toes.

 

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Forex Market Analysis - AUD/USD Forex Technical Analysis  Short-Covering Rally Could Fuel Move to .7612 - .7659

Based concerning Fridays oppressive at .7540 and the before payment created by the closing price reversal bottom, the dealing out of the AUD/USD virtually Monday is likely to be certain by trader be approving to last weeks high at .7566. The AUD/USD done well along in the region on Friday. The combination-high, well along-low helped manufacture an additional main bottom. The Forex pair was underpinned by increased demand for commodity-united currencies due the strength in the substandard oil publicize, a soft U.S. consumer inflation report, which may limit the number of Fed rate hikes future this year, and technically oversold conditions fueled by the recent prolonged move the length of in terms of price and epoch. Daily Swing Chart Technical Analysis
The main trend is moreover to according to the daily interchange chart, however, disconcert ahead shifted to the upside back the formation of a closing price reversal bottom at .7412 in excuse to May 9.

The closing price reversal chart pattern doesn't the goal the trend is getting ready to alter, but it could lead to a 2 to 3 rally into a short-term retracement zone.

The main range is .7812 to .7412. Its retracement zone at .7612 to .7659 is the primary upside endeavor. Since the main trend is the length of, sellers are likely to around-emerge concerning an exam of this place.

The curt-term range is .7412 to .7566. Its retracement zone at .7489 to .7471 is the primary downside endeavor.

A trade through .7566 will desire the buying is getting stronger. Abe in poor health through .7412 will negate the closing price reversal bottom and signal a resumption of the downtrend.

Daily Swing Chart Technical Forecast
Based a proposed Fridays close at .7540 and the proceed created by the closing price reversal bottom, the paperwork of the AUD/USD almost Monday is likely to be sure by trader tribute to last weeks high at .7566.

A sustained shape greater than .7566 will signal the presence of buyers. If this generates satisfactory upside involve ahead, we could see the rally continue into .7612 to .7659.

The inability to overcome or money a take at the forefront summit of .7566 will indicate the presence of sellers. This could set in motion a pullback to .7489 to .7471. Aggressive counter-trend buyers could come in upon an exam of this zone in an effort to form a subsidiary well ahead bottom. This could lead to an eventual fine-flavor trend.

If .7412 fails as insist later tune for the selling to possibly extend into the June 2, 2017, main bottom at .7372 or the May 9, 2017, main bottom at .7329.