CATEGORY Technical Analysis

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NZD/USD Forecast Nov. 9-13

The New Zealand dollar chopped around after the employment data. 3 events are lined up now. Here is an analysis of fundamentals and an updated technical analysis for NZD/USD. Milk prices fell again, and this time by 7.4%. In addition, employment dropped by 0.4%, much worse than expected. Together with an excellent jobs report in the US, the ground [&hellip

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AUD/NZD: Differences

In the statement following the recent Monetary Policy Board meeting of the Reserve Bank of Australia, Governor Glenn Stevens announced the continuation of the RBA policy stance held since the May 2015 meeting. The statement was more telling than the cash rate being held at 2.00%. As far as central bank statements go, the board [&hellip

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AUD: Maxed Out? – Credit Agricole

AUD/USD was hit by the excellent US NFP but is maintaining the 0.70 level. Can this hold? Here is the view from Credit Agricole: Here is their view, courtesy of eFXnews: Domestic and international releases will likely shape AUD’s price action this week. The calendar is littered with key domestic and Chinese releases. When it comes to [&hellip

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EUR/USD offered at 1.0850, GBP/USD heading down to 1.47, USD/JPY aiming higher

In today’s forex forecast, we discuss the outlook for EUR/USD, GBP/USD, EUR/GBP, and USD/JPY, with Steven Woodcock, Senior FX Analyst at Plutus FX. GBP/USD: Still a range-trade Woodcock believes that despite the slide to 1.50, GBP/USD remains a range-trade. On the trade setup, he prefers small longs, as the cross trades near a key psychological [&hellip

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Markets jolted by NFP release

The highly anticipated US employment data for the month of October released last Friday has sufficiently jolted market participants, busting the greenback from its shackles and elevating it against the majors.  The greatest number of jobs added since December of last year, average earnings reaching new cyclical highs on a year-over-year basis, and the U6 [&hellip

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