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 Orbex
Investors turn to Yellen speech

The British pound settled after briefly slipping from the highs...

 Orbex
U.S. dollar slips as investors scale back

The U.S. dollar index fell below the 100.00 handle yesterday as investors scaled back the Trump Trade...

USD continued to weaken yesterday

Price consolidated yesterday as directional catalysts have subsided in the wake of the ECB/ FOMC meetings. Local resistance at the January high of 1.0828 is the first challenge. Above their puts the focus on the bigger technical level of 1.0975 which is the 50%...

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Short covering rally continues

Short covering rally continues. Local resistance at the January high of 1.0828 is the first challenge. Above their puts the focus on the bigger technical level of 1.0975 which is the 50% Fibonacci retracement from last year’s high. We also have the completion...

Dutch exit polls bodes well for EURUSD

The initial exit polls from various sources have clearly put the Dutch incumbent Prime Minster Mark Rutte's party in the lead against his radical opponent, Geert Wilders...

Fed and Dutch set the tone for a busy day

The FOMC's interest rate decision today will be closely watched as traders brace for a third rate hike in just under two years, since December 2015. The short term Fed funds rates are expected to rise to 0.75%...


U.S. dollar wavers, PPI data coming up

Trading was flat with the currencies seen giving back the gains made from Friday. The lack of any major events also contributed in part to the flat trading. Traders will be looking forward to the first part of a busy week starting tomorrow with the Fed's rate hike looming...

Draghi's speech stands out amid a quiet trading session

The single currency is seen extending the gains from Friday's rally even as the ECB president Mario Draghi is slated to speak later today...

EURUSD at resistance, as markets await payrolls report

The common currency got thumbs up from the European Central Bank's monetary policy meeting yesterday..

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Gold slips on strong ADP report. ECB meeting next

The common currency is bracing up for another ECB day as the central bank meets for the second time this year. No changes are expected from the ECB at today's meeting...

Greenback looks to ADP payrolls

The currency markets were seen mostly ranging yesterday as investors digested the prospects of a rate hike...

Aussie dollar lifted

The Reserve Bank of Australia met earlier today and opted to leave the cash rate unchanged at 1.50% as widely expected. Policy makers did not give much information...


All eyes (and ears) on Yellen

The U.S. dollar index edged higher and is seen maintaining gains for three consecutive days. The Greenback will most likely come under pressure today as expectations build for the Fed Chair to comment on the March rate hike...

Dollar mixed, as markets await Yellen's speech on Friday

The U.S. dollar remained mixed across the board, weaker against the Australian dollar, gold and the Mexican peso but was seen stronger against the rest of its peers...

Markets muted to Trump's State of the Union address

Traders were not impressed by Trump's speech during his State of the Union Address late Tuesday as the dollar stayed muted. On the contrary, the dollar got a boost with comments from Fed officials who also spoke yesterday...

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Markets await Trump's State of the Union speech

The currency markets are likely to stay flat ahead of President Trump's State of the Union Address to the Congress later this evening, in anticipation that the President will unveil his proposed tax reforms plans and also talk about the infrastructure spending...

Dollar falls as peso and gold rally

The U.S. dollar was the weakest currency yesterday as surprisingly, the Mexican peso rallied, rising 1.22% over the day against the greenback...

U.S. dollar muted to Fed minutes

The U.S. dollar index was flat yesterday after the Federal Reserve published the meeting minutes from the January 31 -February 1 monetary policy meeting...


UK GDP estimates and FOMC meeting minutes coming up today

The economic calendar yesterday was dominated by flash PMI numbers from the Eurozone, all of which broadly showed that economic momentum in the region continued to gather pace...

Fed Harker's hawkish comments revives the U.S. dollar

While the U.S. dollar was seen slipping during a quiet trading session on Monday which saw the U.S. markets closed, the greenback got a boost with hawkish comments from Fed's Patrick Harker from Philadelphia...

U.S. dollar attempts to post a recovery amid a slow trading day

The U.S. dollar is attempting to post some gains to build up from Friday's reversal. Price action has formed an inside bar among EURUSD and USDJPY which could indicate a potential breakout trading that could establish the near-term direction of prices...


US dollar poised to end the weak on a bearish note

The US economic data continued to post strong gains with building permits and Philly Fed manufacturing index beating expectations strongly. However, the markets were not quite impressed despite the data points supporting the hawkish Fed for more rate hikes...

Kiwi advances over AUD on mixed jobs report

The Australian Bureau of Statistics released the January jobs report, which on the headline showed the unemployment rate falling to 5.7% from 5.8% in December...

Yellen revives hopes for a March rate hike

The US dollar rallied to a fresh 1-month high yesterday, spurred by hawkish comments from Fed Chair, Janet Yellen who reiterated the Feds rate hike plans...


Markets look to Yellen for next rate hike clues

After a slow start to the week, the economic calendar is busy today with the UK set to report inflation figures for January while later in the U.S. trading session...

Dollar gains on the back of Abe-Trump meet

The Japanese yen was weaker after the weekend meeting between Shinzo Abe and Donald Trump saw the leaders announce a new framework for a dialogue on trade, in what is being seen as Japan agreeing to the U.S. call for bilateral trade...

Gold slips as Trump expected to unveil tax reforms

The U.S. dollar was supported by comments from President Trump who said that he would announce some new tax plans in the coming weeks. His comments stoked expectations from investors about the much talked about plans for tax breaks and fiscal stimulus spending which wasn't mentioned so far in his term...


RBNZ holds rates. BoE Carney to speak

The US dollar was once again weak yesterday offering its peers another chance to make some gains. But with the US dollar index firmly above the support level at 100.00, further upside is expected. On the economic front, it was a quiet day from the US...

GBP surges on hawkish comments. NZD awaits RBNZ decision

The New Zealand dollar is trading subdued ahead of the Reserve Bank of New Zealand's interest rate decision due later tonight. The Kiwi gave up the gains from yesterday spurred by higher inflation expectations...

EURUSD hits technical resistance; targets 1.0600

The single currency is looking weaker after failing to break out above the technical resistance at 1.0737. Appetite for the single currency fell as the ECB President...


  


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