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Category Archives: FX Street

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EUR/USD: looking for break below 0.9500 – BBH

Analysts at Brown Brothers Harriman explained that the euro has dropped a nickel since the high recorded in the knee-jerk response to the ECB’s announcement on December 8. Key Quotes: “It took the Fed hike and forward guidance to drive it through $1.05. It fell to

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Fitch: Australia budget outlook consistent with AAA rating

Over the past few months, commentators have repeatedly warned that Australia no longer acts like a AAA country. Ratings agencies and experts have expressed concerns regarding the country’s worsening deficits.   However, the latest comments from the ratings agency Fitch may offer relief to Aussie

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AUD/JPY downside playing out on soft antipodeans

AUD/JPY is pressured with a head and shoulders and price action breaking the neckline to the downside, along with renewed optimism for the US economy on the back of a bullish and hawkish Fed last week. While risk is on, AUD/USD is driving the price and the antipodeans

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AUD/NZD dips below 1-hr 50-MA on upbeat NZ data

The bid tone around NZD gathered pace, pushing the AUD/NZD cross below the 1-hr 50-MA level of 1.0459 after the December ANZ business confidence bettered estimates. Focus on dairy auction The latest Global Dairy Trade (GDT) auction is due on Tuesday during the European session.

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GBP/USD stuck at 1.25 on faster Fed rate hikes talk

GBP/USD failed to retake 1.25 handle in Asia on heightened prospects of faster Fed rate hikes in 2017. St. Louis President James Bullard told the WSJ that the bank should consider shrinking its balance sheet and may have to raise rates more than once in

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NZD/USD: watch downside below 0.6930

NZD/USD  was consolidated in Asia ahead of the Tokyo open, but the Dec. ANZ business confidence came in higher at 21.7 than the prior 20.5 and the activity outlook was also an improvement at 39.6 vrs prior 37.6, offering the kiwi a slight boost. NZD/USD has been hit heavily

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USD/JPY trades below 1-hr 50-MA, ignores Japanese trade data

The Dollar-Yen pair is trading below the 1-hr 50-MA level in Asia, with investors paying little attention in the improvement in the Japanese trade balance figures. The spot was last seen trading around 117.65 levels. The 1-hr 50-level stands at 118.00 levels. In a report,