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Thanksgiving calm before next week''s storm

27/11/2015 | OzForex

United States Dollar: Trading conditions were rather thin yesterday with it being Thanksgiving in the U.S. GBP/USD was sold off in the early morning session, mostly a result of month-end supply. It fell to a low of 1.5066 before bouncing back above 1.51 in the afternoon ...
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Aussie gives up gains after weak overnight data

26/11/2015 | OzForex

United States Dollar: The pound appreciated vs. the USD yesterday as UK Chancellor Osborne delivered his Autumn Statement. Growth forecasts for 2015-16 were left unchanged at 2.4% but revised up to 2.4% and 2.55 for 2016-17 and 2017-18 respectively. Debt as a share of GDP ...
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Pound feels the pressure as Carney sounds dovish

25/11/2015 | OzForex

United States Dollar: GBP/USD fell steadily throughout the day yesterday. EUR/GBP was well bid in the early morning session which weighed on the currency pair. The pound came under further selling pressure following some fairly dovish remarks from Bank of England Governor ...
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Pound ranges steady as markets eye Inflation Report Hearings

24/11/2015 | OzForex

United States Dollar: GBP/USD started the day under 1.52 yesterday and was steady throughout most of the morning session. It spiked to 1.5180 come mid-afternoon and in response to weaker than expected US Existing Home Sales and Flash Manufacturing PMI. There were a lot of ...
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Markets cautious ahead of BOE Inflation report

23/11/2015 | OzForex

United States Dollar: The dollar opens on the front foot this morning as investors remain cautious ahead of this week’s Bank of England Quarterly inflation report. The end of last week was a different story however as the greenback fell against most of its major ...
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Dollar weakens as investors left feeling flat on Fed minutes

19/11/2015 | OzForex

United States Dollar: GBP/USD climbed steadily throughout the day yesterday. It was supported early on by some fairly hawkish comments from the Bank of England’s Ben Broadbent. He said that it was wrong to say that the central bank was committed to keeping interest ...
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Euro under more pressure as investors eye US FOMC Minutes

18/11/2015 | OzForex

United States Dollar: Headline UK CPI printed in line with market expectations yesterday at -0.1% y/y. The core number, which excludes food, energy and booze, was a bit stronger than market forecasts and it gave the pound a boost. GBP/USD reached 1.5215 on the news. US ...
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Inflation numbers in focus today as dollar and equities strengthen

17/11/2015 | OzForex

United States Dollar: Investors took a fairly cautious approach to trading on Monday following the terrorist attacks in Paris on Friday eve. The dollar initially firmed on safe have demand but EUR/GBP selling accelerated as the day went on which acted as good support to ...
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Stock markets fall after Paris terror attacks

16/11/2015 | OzForex

United States Dollar: Friday saw American data underperform with Retail Sales, Core Retail Sales, PPI and Core PPI all miss forecast. Cable pushed higher in the immediate aftermath jumping from around 1.5210 to 1.5265 however the gains were quickly reversed with GBP/USD ...
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Dollar weakens as Fed speakers take dovish stance

13/11/2015 | OzForex

United States Dollar: GBP/USD got a boost from increased selling in the EUR/GBP pair on Thursday, this coming off the back of various dovish comments from ECB President Draghi. Cable rose further as Fed Chair Yellen failed to say much related to future monetary policy while ...
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