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EUR/USD: US CPI Likely A Trigger For Further EUR/USD Tactical Correction This Week – Barclays

Barclays Capital FX Strategy Research argues that in the absence of important euro area data, a pickup in US inflation this week should provide a trigger for further EUR/USD lower correction following a solid NFP report last Friday.

"On Read More →

GBPJPY – British Pound Facing Downsides Vs Japanese Yen

Key Points

  • The British Pound declined heavily and moved below the 145.00 support against the Japanese Yen.
  • There is a contracting triangle pattern with resistance at 144.40 forming on the hourly chart of GBPJPY.
  • Today in Japan, the Eco Watchers Read More →

NZD: Longs Vulnerable For Further Unwind Into RBNZ – BNPP

BNP Paribas FX Strategy Research argues that NZD longs could be vulnerable for further unwind on a dovish RBNZ outcome this week.

"The Reserve Bank of New Zealand appears likely to keep rates on hold at its meeting on Read More →

GBPUSD – British Pound Back In Downtrend Vs US Dollar?

Key Points

  • The British Pound after remaining in an uptrend found sellers near 1.3269 against the US Dollar.
  • There was a break below a key bullish trend line with support at 1.3175 on the hourly chart of GBPUSD.
  • Today in Read More →