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Tapering set to continue

10/03/2014 | OzForex

United States Dollar: Friday saw a better than expected Non-Farm Payrolls release from the States showing that 175k jobs were added in February. With the markets expecting a figure closer to 150k cable gapped 50 pips from 1.6775 to 1.6725 immediately on release. With the two ...
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Euro rallies as Draghi fails to take action

07/03/2014 | OzForex

United States Dollar: As expected the Bank of England left interest rates and QE unchanged yesterday. GBP jumped to 1.6739 on the announcement that the central bank will reinvest the £8.1bn principal from its maturing March 2014 gilt. It came back off almost as quickly but ...
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Second-guessing the ECB likely to make for a volatile afternoon

06/03/2014 | OzForex

United States Dollar: GBP/USD rallied back above 1.67 yesterday. UK Services PMI printed in line with expectations at 58.2, another strong reading and particularly impressive given the recent spate of bad weather in the UK. There was no initial reaction to the data but it was a ...
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Markets cautious ahead of ECB announcement and geopolitical tensions

05/03/2014 | OzForex

United States Dollar: The Ukraine situation has remained in focus over the last 24 hours. News yesterday morning that Putin had ordered his troops to return from the borders to their military bases provided some good support to risk and both GBP and EUR pushed higher against the ...
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Russia/Ukraine tensions remain in focus for currency markets

04/03/2014 | OzForex

United States Dollar: The events in Russia/Ukraine continue to dominate the headlines but the impact on financial markets remains fairly limited. The latest is that Putin has ordered Russian troops on the Ukrainian borders to return to their military bases, which in turn has ...
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Markets look to Draghi Testimony for Clues on Possible Rate Cut

03/03/2014 | OzForex

United States Dollar: Events in Ukraine continue to dominate the news with Russia’s annexing of Crimea drawing condemnation from around the world. Despite this GBP/USD remains surprisingly resilient with recent soft data from America countering the gains the Greenback ...
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Markets await Eurozone CPI and US GDP

28/02/2014 | OzForex

United States Dollar: Yesterday morning saw cable slide from 1.6675 in early trading down to a low of 1.6615 as we headed towards lunch. Instability in Ukraine was to blame for the fall as ongoing tensions with Russia lead investors to seek the safety of the Greenback. With a ...
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USD gains as events in Ukraine dominate the news

27/02/2014 | OzForex

United States Dollar: Yesterday saw the revised Q4 UK GDP release which printed as forecast at an unchanged 0.7%. At the same time the UK Preliminary Business Investment release for Q4 was also released and printed 2.4% expansion, slightly less than the predicted 2.6% increase. ...
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Markets await UK GDP this morning

26/02/2014 | OzForex

United States Dollar: The Pound started yesterday on a positive note with the two UK data releases of any note coming out better than forecast. The British Bankers Association Mortgage Approvals came out much better than expected at 50k for January (exp 47.9k). This was a 38% ...
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Markets look to UK Inflation Report Hearings

25/02/2014 | OzForex

United States Dollar: On a data-thin day yesterday GBP/USD started with a fall at the start of London trading on the back of comments made by Bank of England Governor Mark Carney made on Australia''s ABC Radio. There was nothing new said, he defended forward guidance and said ...
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