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EUR Weakens in Quiet Start to the Week

10/06/2014 | OzForex

United States Dollar: It was a quiet start to the week in the forex markets with few data releases and Australian, French and German bank holidays adding to thin trading conditions. Cable moved within a 30 pip range throughout the last 24 hours trading between 1.6785 and 1.6815. ...
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Risk on as US jobs data beats expectations

09/06/2014 | OzForex

United States Dollar: GBP/USD ticked slowly higher on Friday morning and traded to a high of 1.6840. FX markets were generally steady during the European am session as investors keenly awaited the release of U.S. Non-Farm Payrolls that afternoon. It turned out to be a strong ...
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ECB Acts to Fight Deflation

06/06/2014 | OzForex

United States Dollar: Yesterday saw the monthly Halifax House Price Index print a much better than expected 3.9% increase on the previous reading. The release commented that housing demand was still strong but also said that the recent surge in building activity should hopefully ...
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All eyes on ECB

05/06/2014 | OzForex

United States Dollar: It looked as though it was going to be a quiet day for the pound yesterday – it wasn’t really. UK Services PMI printed in line with expectations/very slightly better than market expectations at 58.6 in May. GBP/USD broke higher on the news, up ...
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Weak EZ inflation reinforces expectations for ECB action on Thursday

04/06/2014 | OzForex

United States Dollar: GBP/USD has settled lower over the last 24 hours. UK Construction PMI set the tone yesterday morning after it printed weaker than market expectations, easing to 60.0 in May, its lowest level in seven months. GBP/USD dropped from 1.6775 to 1.6760, almost ...
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All quiet in FX rates as markets bide time ahead of the ECB announcement

03/06/2014 | OzForex

United States Dollar: UK Manufacturing PMI printed as expected yesterday morning. The pound was sold off as investors were looking for the number to beat expectations - this might have reignited calls for an earlier rate hike (as opposed to the much anticipated April/May) but ...
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GBP/USD limps in to June as investors look for some much needed direction

02/06/2014 | OzForex

United States Dollar: GBP/USD limped to a finish on Friday. It was the end of the month and we witnessed a bit of a short squeeze in GBP/USD on the day. The pair found good support close to and around 1.6730 and traded up to a high of 1.6775. There was no economic data out from ...
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Weak US data shrugged off as investors look forward

30/05/2014 | OzForex

United States Dollar: GBP/USD slipped under 1.67 again yesterday morning amid a lack of any top tier UK economic data, but then found solid support and rallied back to 1.6735 as investors locked in a bit of profit. Cable then settled around 1.6720 as markets looked ahead to ...
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GBP/USD tests a break below 1.67 ahead of US GDP data

29/05/2014 | OzForex

United States Dollar: The pound continued to slide yesterday. Month end related buying in EUR/GBP has accelerated the losses in cable and the pair has broken down through stop loss levels. It fell to a low of 1.6699 yesterday, the move also being prompted in part by BoE Governor ...
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Dollar stronger in reaction to strong data

28/05/2014 | OzForex

United States Dollar: GBP/USD has lost quite a bit of ground over the last 24 hours, falling from 1.6880 to a low of 1.6763. It opens close to this low this morning. The news that Pfizer had pulled out of the running to buy AstraZeneca dragged on the pound, a somewhat delayed ...
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