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Calm before ECB and US jobs storm

06/02/2014 | OzForex

United States Dollar: Ranges in FX have been fairly narrow over the last 24 hours as investors await today’s central bank announcements and U.S. Non-Farm Payrolls on Friday. The pound was initially sold yesterday morning though, this following the release of weaker than ...
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FX markets steady ahead of central bank announcements

05/02/2014 | OzForex

United States Dollar: The pound got an unexpected boost yesterday morning after UK Construction PMI beat market expectations. The data showed that construction activity reached its highest level in six and a half years, rising to 64.6 in January. GBP/USD jumped from 1.6285 to ...
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Pound off the boil ahead of Construction PMI

04/02/2014 | OzForex

United States Dollar: The pound has come under heavy selling pressure over the last 24 hours. It started early yesterday morning after positive European PMIs supported bids in EUR/GBP which in turn weighed on GBP/USD. UK Manufacturing PMI was then released at 9:30 and although ...
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USD stronger amid concern for emerging markets

03/02/2014 | OzForex

United States Dollar: Concerns for the state of emerging markets continued on Friday and it made for a volatile session in the morning. Global equity prices fell as risk was sold - the Dow finished the month down 5.3% and the USD strengthened across the board, attracting safe ...
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Sentiment wanes as emerging markets remain in focus

31/01/2014 | OzForex

United States Dollar: Emerging market currencies have been volatile again. The Russian central bank vowed unlimited intervention to protect the rouble yesterday after it fell to a record low on a trade weighted basis at the start of the week. With the Fed widely expected to ...
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No surprise from FOMC as Fed tapers again

30/01/2014 | OzForex

United States Dollar: GBP/USD opened on Wednesday close to the 1.66 figure. It then dropped 70 points in the early afternoon after BoE Governor Mark Carney spoke at the Scottish Council for Development. Whilst his speech was principally focused on what Scottish independence ...
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Risk on as emerging market concerns ease

29/01/2014 | OzForex

United States Dollar: UK Q4 GDP printed as expected yesterday at 0.7%. Year on year the economy grew at its fastest rate in six years but the pound actually snapped lower on the news. In the run up to the data there were growing expectations that the number would be good, if not ...
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Pound opens broadly higher ahead of Q4 GDP

28/01/2014 | OzForex

United States Dollar: GBP/USD opens higher this morning at 1.6610 with speculation building that this morning’s UK Q4 GDP print will be a strong one. Forecasts for growth range between 0.7% and 0.8% - the data is released at 9:30am. Stock markets were volatile again ...
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Carney''s comments at the WEF weigh on the pound

27/01/2014 | OzForex

United States Dollar: There were some wild movements in financial markets on Friday. GBP/USD started the day off at 1.6650, or close to and above that level, but then quickly lost ground following comments from Bank of England Governor Mark Carney. He was speaking at the World ...
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GBP/USD trades close to three year highs

24/01/2014 | OzForex

United States Dollar: GBP/USD has continued to push higher and trades at 1.6660 this morning. The strong UK employment data released on Wednesday and weak US economic data released yesterday afternoon have prompted this move. Existing Home Sales printed at 4.87 million vs. ...
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