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All eyes on UK and European data this morning

22/03/2016 | OzForex

United States Dollar: Cable continues to slip. Sterling gains on the back of last week’s FOMC seem a distant memory as we trickle down close to 1.4350 from 1.4514, seen last week Friday, versus the Greenback. There is very little to comment on regarding data releases ...
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Political uncertainty weighs on the Pound

21/03/2016 | OzForex

United States Dollar: Sterling hasn’t maintained gains against the Greenback for the start of todays session. As thought, Sterling sits lower after Fridays session with end of week position taking as well as profit taking on the decent moves from Wednesdays FOMC ...
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FOMC news dominates Thursday trade

18/03/2016 | OzForex

United States Dollar: The roll on effect from the FMOCs dovish tone Wednesday has dragged cable higher as USD is sold off. Two main contributors to this being that there was no change to the current US interest rates and continual hikes for this year have been narrowed to 2 ...
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Dollar weakens on dovish FOMC statement

17/03/2016 | OzForex

United States Dollar: Yesterday saw the dollar weaken across the board as the latest FOMC statement was released by the US Federal Reserve. The release included the line that “global economic and financial developments continue to pose risks” to the US economy ...
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***FOMC Special***

16/03/2016 | OzForex

United States Dollar: The Brexit poll, commissioned by the Telegraph, and referred to in yesterday’s commentary weighed on the pound throughout most of the day yesterday. Other sterling negative news included a Blomberg report which showed that surveyed economists had ...
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Pound slumps after most recent Brexit poll

15/03/2016 | OzForex

United States Dollar: GBP/USD trickled lower yesterday amid a lack of any major market data or events. Investors were and are seemingly treading carefully in the run up to a slew of central bank statements this week, the UK Budget announcement tomorrow and “Super ...
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Sterling higher ahead of this weeks budget

14/03/2016 | OzForex

United States Dollar: GBP/USD gapped higher near the end of Friday as the dollar came under broad pressure. Cable spent much of the day trading steadily down, hitting an intraday low of 1.4260, but jumped quickly to 1.4437 as US markets opening. With no data releases at the ...
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Draghi sends shockwaves across Global markets

11/03/2016 | OzForex

United States Dollar: The Dollar was broadly weaker yesterday following the ECB announcement, GBP/USD gaining to 1.4305. It was able to find some support following the release of the unemployment claims that followed. The number posted was 259k coming in stronger than the 272k ...
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Its all about the ECB today as the Kiwi takes a tumble

10/03/2016 | OzForex

United States Dollar: The US Dollar had a rather flat day yesterday as all eyes are on today’s announcement from the ECB. Later in the afternoon we did see the release of wholesale inventories, it rose by 0.3% in January, increasing by the highest level since last June ...
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Brexit talk causes Sterling to weaken

09/03/2016 | OzForex

United States Dollar: The Dollar proceeded with caution during yesterday’s session ahead of Thursdays critical ECB Governing Council Meeting. With little in the way of solid data the greenback was still influenced by Monday’s events. The Dovish comments from the ...
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