Forex Market News

November 2017

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    GBP/USD Marches Toward Monthly-High (1.3321) Ahead of BoE Testimony

GBP/USD Marches Toward Monthly-High (1.3321) Ahead of BoE Testimony

By |November 21st, 2017|

GBP/USD appears to be on track to test the monthly-high (1.3321) ahead of the BoE testimony as it extends the bullish sequence from the previous week.

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    EUR/USD Shakes on German Political Risk: Setups Remain on Both Sides

EUR/USD Shakes on German Political Risk: Setups Remain on Both Sides

By |November 21st, 2017|

This week opened with another dash of Euro-risk added to the equation, but EUR/USD recovered after a spill on the open. Setups remain on both sides of the pair as we start this holiday-shortened week.

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    FX Markets Look to Pockets of Event Risk During US Holiday Week

FX Markets Look to Pockets of Event Risk During US Holiday Week

By |November 21st, 2017|

The upcoming Thanksgiving holiday in the United States means both the economic calendar and market liquidity will be thinning out over the coming days.

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    Gold Prices May Continue Higher as German Coalition Crumbles

Gold Prices May Continue Higher as German Coalition Crumbles

By |November 21st, 2017|

Gold prices may continue higher as the breakdown in German coalition talks stokes risk aversion and weighs on yields, boosting the appeal of non-interest-bearing and anti-fiat assets.

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    Yen and Franc May Extend Gains as German Politics Sour Sentiment

Yen and Franc May Extend Gains as German Politics Sour Sentiment

By |November 21st, 2017|

The anti-risk Japanese Yen and Swiss Franc rose after German coalition talks broke down, souring market sentiment. More of the same looks to be on tap ahead.

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Euro Looks to Hold onto Gains During US Holiday Week

By |November 21st, 2017|

The economic calendar over the coming week will be impacted by holidays in the United States, meaning liquidity will be running thinner than normal. Likewise, there are few upcoming instances to look for new guidance on the Euro.

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    Weekly Trading Forecast: US Politics May Trump Economics Again

Weekly Trading Forecast: US Politics May Trump Economics Again

By |November 19th, 2017|

Financial markets are likely to remain at the mercy of US politics despite a flurry of speeches from key central bankers and several big-splash releases on the economic calendar.

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    Despite US Dollar Woes, AUD/USD & NZD/USD Begin Next Legs Lower

Despite US Dollar Woes, AUD/USD & NZD/USD Begin Next Legs Lower

By |November 18th, 2017|

The DXY Index remains susceptible to further losses, but the commodity currency bloc may be in worse shape.

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    Slowing Canada Consumer Price Index (CPI) to Curb USD/CAD Weakness

Slowing Canada Consumer Price Index (CPI) to Curb USD/CAD Weakness

By |November 18th, 2017|

A slowdown in Canada’s Consumer Price Index (CPI) may prop up USD/CAD as it encourages the Bank of Canada (BoC) to carry a wait-and-see approach into 2018.

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    NZ Dollar Falls, Yen Gains as Mueller Closes In on Trump Campaign

NZ Dollar Falls, Yen Gains as Mueller Closes In on Trump Campaign

By |November 18th, 2017|

The New Zealand Dollar led sentiment-linked currencies lower while the Yen and other funding currencies declined on news that Robert Mueller has subpoenaed the Trump campaign.

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