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Monthly Archives: May 2016

AUDUSD: Aussie Soars on Economic Figures

AUDUSDDaily

The Australian dollar was nearly 1% stronger during the morning session on Tuesday as investors bought the currency after relatively solid Australian data. Building approvals for April ticked higher from downwardly revised 2.9% (from 3.7%) to 3.0% month-on-month and the

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USDJPY: Pair Erases Losses Despite Positive Japanese Data

USDJPYH4

The dollar managed to erase all daily losses and turned positive during the London session, with the pair spotted jumping back above the 111.00 mark on Tuesday. Earlier in the session, Japanese unemployment rate for April stayed at 3.2%, while

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AUDUSD: Aussie Soars on Economic Figures

AUDUSDDaily

The Australian dollar was nearly 1% stronger during the morning session on Tuesday as investors bought the currency after relatively solid Australian data. Building approvals for April ticked higher from downwardly revised 2.9% (from 3.7%) to 3.0% month-on-month and the

Posted in Uncategorized

USDJPY: Pair Erases Losses Despite Positive Japanese Data

USDJPYH4

The dollar managed to erase all daily losses and turned positive during the London session, with the pair spotted jumping back above the 111.00 mark on Tuesday. Earlier in the session, Japanese unemployment rate for April stayed at 3.2%, while

Posted in Uncategorized

USDJPY: Yen Drops Sharply on VAT Postponement

USDJPYH4

The USDJPY pair soared on Monday and was trading 1% stronger on the day, seen jumping above the 111 mark during the Frankfurt session. Earlier in the day, rumors that Japanese Prime Minister Shinzo Abe will delay the sales tax hike

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EURGBP: Cross at Daily Highs in Holiday Session

EURGBP_ecnH1

The cross ticked higher during the Frankfurt session as the euro erased daily losses against the US dollar and the EURGBP cross was hovering around 0.7610, some pips stronger on the day. Data released this morning showed that French GDP

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SPX: Index Eyes Record Highs Above 2,100

SP_ecnDaily laco

The SPX index rose sharply from May’s lows and is now nearly 100 points stronger. It was consolidating on Thursday, but another leg higher is likely on Friday. The price was flattish during the London session, hovering around 2,090 USD.

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EURUSD: Euro Returns to 1.12

EURUSD_ecnH4 laco

The single currency managed to erase this week’s losses and the pair pushed back toward the 1.12 mark on Thursday. It was trading flattish on Friday, slightly below this level during the London session. Looking ahead, the second estimate of

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XAUUSD: Gold Erases Losses, Tests 1,230 USD

XAUUSD_ecnDaily laco

The price of gold was climbing higher on Thursday and it was seen around 0.5% stronger during the morning session, testing the 1,230 USD level. The bullion started to trim losses on Wednesday, when the services PMI slowed to 51.2

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GBPUSD: Cable Retakes 1.47 Ahead of GDP Data

GBPUSD_ecnDaily laco

The pound managed to rise again on Thursday and the GBPUSD pair settled above 1.47 during the London session, gaining 0.2% on the day. Later in the day, the second estimate of the Q1 UK GDP is due and the

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