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Fed language changes but "considerable time" remains in the statement

18/12/2014 | OzForex

United States Dollar: UK data released yesterday morning didn’t have too much of an impact on the pound. It showed that wage growth picked up with earnings growing faster than inflation again whilst the rate of unemployment remained unchanged at 6%. The Bank of England ...
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Volatility the outcome as Russia, oil and EM currencies dominate the headlines

17/12/2014 | OzForex

United States Dollar: Conditions in FX markets can best be described as turbulent. Oil prices continue to drift lower, the Russian rouble has fallen lower – despite the fact that the Russian central bank hiked interest rates by 6.5% on Monday, and the negative effects ...
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UK CPI data in focus before FOMC Statement

16/12/2014 | OzForex

United States Dollar: GBP/USD dropped yesterday from an early high of around 1.5740 to test support at 1.56 by late afternoon. The only data release of note in the past 24 hours was a better than expected Industrial Production release from the States with monthly output ...
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Oil and US stocks lower again, but GBP/USD remains steady

15/12/2014 | OzForex

United States Dollar: UK construction data printed weaker than expectations on Friday. It showed that output in the sector decreased by 2.2% in September vs. forecasts for 0.8% in October. GBP/USD bumped along close to the 1.57 figure following the release. It spiked to a ...
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US Retail Sales beat forecast

12/12/2014 | OzForex

United States Dollar: With no top tier data from the UK yesterday, the pound reacted to events further afield. From the States there was yet more good news with Retail Sales showing better than expected figures. Both the core (0.5% m/m) and overall (0.7% m/m) reading printed ...
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Oil lower, dollar lower as attention turns to ECB''s second TLTRO

11/12/2014 | OzForex

United States Dollar: GBP/USD has traded a steady range over the last 24 hours. It dipped to 1.5648 yesterday morning as the dollar was well bid throughout the London session. BoE Governor Carney was interviewed and quoted in the Birmingham Post yesterday too but ...
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Daily Forex Commentary

10/12/2014 | OzForex

United States Dollar: UK manufacturing and industrial production data printed weaker than expected on Tuesday morning. Output fell 0.7% in October, the first fall in five months and vs. expectations for a rise of 0.2%. GBP/USD fell to a low of 1.5630 following the release, ...
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Dollar retraces as FOMC statement looms

09/12/2014 | OzForex

United States Dollar: The dollar retraced on Monday, giving up some - if not a lot – of the gains that it made following the release of strong US jobs data on Friday. After starting the day at 1.5545, GBP/USD pushed slowly higher throughout the day yesterday, trading to ...
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Dollar gaps higher after strong jobs data

08/12/2014 | OzForex

United States Dollar: The dollar jumped higher on Friday following the release of better than expected US jobs data. It showed that employers added 321,000 jobs in November vs. expectations for 231,000, the most since January 2012. GBP/USD gapped from 1.5695 to 1.5633 and ...
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Euro boosted after ECB fail to commit to QE

05/12/2014 | OzForex

United States Dollar: GBP/USD got a boost from better bids in EUR/USD yesterday, this following the ECB monetary policy press conference. President Draghi was less dovish than expected in his statement which in turn saw EUR/USD push higher – GBP/USD got dragged higher ...
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