EUR/USD: Nothing much to drive – Danske Bank
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EUR/USD: Nothing much to drive – Danske Bank

Via FX Street Christin Tuxen, chief analyst at Danske Bank, explains that the EUR/USD temporarily dropped below 1.12 yesterday further triggering a small rebound in implied volatility. Key Quotes “The move was not related to any particular headline or data release and coincided with a rally in US stocks on stronger earnings. At the same...

EUR/USD remains under pressure near 1.1200 ahead of IFO
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EUR/USD remains under pressure near 1.1200 ahead of IFO

Via FX Street The selling bias around the pair stays well and sound today. The greenback stays bid near 2019 highs on data, sentiment. German IFO is coming up next in the calendar. The sentiment around the European currency remains vulnerable so far this week and is now forcing EUR/USD to once again look to...

EUR/GBP Technical Analysis: Doji makes today’s close pivotal
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EUR/GBP Technical Analysis: Doji makes today’s close pivotal

Via FX Street EUR/GBP created a doji candle yesterday, signaling indecision in the market place. As a result, the bullish view put forward by the falling channel breakout, confirmed earlier this week as per the daily line chart, stands neutralized.  A close today below 0.8636 (Doji low) would validate the signs of indecision and confirm...

EUR/USD: Key support exposed ahead of the German IFO data
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EUR/USD: Key support exposed ahead of the German IFO data

Via FX Street EUR/USD is looking south, having printed three-week lows yesterday on the back of broad-based dollar demand.  Technical studies are biased bearish. Traders may continue to buy US dollars today on growing US-EU economic divergence.  The pivotal support at 1.1176 may come into play if the German IFO data, due at 08:00 GMT,...

NZD/USD Technical Analysis: 0.6585 can lure sellers after 61.8% Fibo. support breaks
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NZD/USD Technical Analysis: 0.6585 can lure sellers after 61.8% Fibo. support breaks

Via FX Street NZD/USD flashes fresh low of the month by being near 0.6620 after Australia’s sluggish inflation data also negatively affected the New Zealand Dollar (NZD) because of their trade ties. The pair has already dipped beneath 61.8% Fibonacci retracement of its October to December 2018 upside, signaling brighter chances of further declines towards...

USD/JPY witnesses pullback to 111.80 as Tokyo opens
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USD/JPY witnesses pullback to 111.80 as Tokyo opens

Via FX Street Traders struggled to choose between the two safe-havens during Tuesday’s risk-off. Light economic calendar keeps emphasizing political plays while looking for fresh direction. The USD/JPY pair trades little changed to 111.80 as Tokyo opens on Wednesday. The pair failed to justify the JPY’s safe-haven demand on Tuesday as the US Dollar (USD)...

When are the Australian CPIs and how could they affect the AUD/USD?
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When are the Australian CPIs and how could they affect the AUD/USD?

Via FX Street Australian CPI overview Early on Wednesday at 01:30 GMT will see 2019’s first quarter inflation data dump for the Australian economy, and the headline q/q CPI reading is expected to come in at 0.2% versus previous quarter’s reading of +0.5%. The Reserve Bank of Australia’s (RBA) trimmed-mean CPI is also expected to...

GBP/USD: Break of 1.2970/60 favors sellers amid Brexit uncertainty despite recent pullback
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GBP/USD: Break of 1.2970/60 favors sellers amid Brexit uncertainty despite recent pullback

Via FX Street Brexit pessimism contrasts the US positive clues while recalling nine-week low. Qualitative catalysts to keep dominating price sentiment amid lack of economic data. Recent pullback of the GBP/USD pair to 1.2930 can’t speak in favor of the bulls as the Cable continues to remain under 1.2970/60 confluence comprising 100-day and 200-day SMA...

NZD/USD: Recent fall is no cause for panic – BNZ
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NZD/USD: Recent fall is no cause for panic – BNZ

Via FX Street According to the  NAB FX Strategy Team, the global economic outlook remains a key factor for the NZD over the rest of the year. Key Quotes:  “Last week the NZD underperformed again, this time driven by slightly softer CPI inflation data. The weak headline figure and lack of upward pulse in the...