FOREX NEWS HEADLINE

24 May 2017

USD/CAD Hits Fresh May Low, RSI Flashes Bearish Signal on Upbeat BoC

USD/CAD slips to a fresh monthly low of 1.3430 as the Bank of Canada (BoC) struck an improved outlook for the Canadian economy.

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24 May 2017

USD/MXN: Wall of Resistance Holds, Now What?

USDMXN has been testing support at the 2017 low-day close for the past few days. Here are the updated targets & invalidation levels that matter.

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24 May 2017

FOMC Minutes, BoC Rates and USD/JPY Bulls Re-Emerge

Today brings two Central Banks to the forefront for global markets. But its the moves under-the-surface that should garner the most attention from traders and market participants.

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24 May 2017

USD/CAD Risks Larger Pullback on Less-Dovish BoC

USD/CAD stands at risk of extending the recent series of lower highs & lows should the Bank of Canada (BoC) soften its dovish outlook for monetary policy.

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24 May 2017

US Dollar May Rise as FOMC Minutes Revive Rate Hike Appeal

The US Dollar may rise as minutes from May’s FOMC policy meeting shows central bank officials remain committed to a robust interest rate hike cycle.

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23 May 2017

Gold Prices May Turn Lower on Upbeat FOMC Meeting Minutes

Gold prices may decline as minutes from May’s FOMC policy meeting suggest the central bank’s 2017 interest rate hike program remains on track.

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23 May 2017

Bitcoin Sets Records amid Elevated Risk, Yuan Eyes Upper Bound ahead of FOMC

The digital currency faces increasing risks despite of its record-setting run; the offshore Yuan is at key resistance level ahead of May FOMC minutes.

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23 May 2017

Crude Oil Prices Target Resistance Ahead of OPEC

Crude oil prices are testing daily resistance on this stretch ahead of Thursday’s OPEC meeting. Here are the updated targets & invalidation levels that matter.

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23 May 2017

EUR/USD Stretches to Fresh Yearly Highs- Levels to Know From Here

The rally turned just ahead of technical resistance with the immediate long-bias vulnerable. Here are the updated targets & invalidation levels that matter.

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23 May 2017

NZD/USD Comes Up Against April High; Sterling Weathers Terror Attack

NZD/USD quickly approaches the April high, with the pair facing a key test as market participants scale back bets for three Fed rate-hikes in 2017.

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23 May 2017

Kuroda (BoJ), Draghi (ECB), Bank of Canada & FOMC Minutes on the Horizon

The next 30 hours will bring a series of drivers to markets, with some element of communication coming from the BoJ, BoC, ECB and Federal Reserve. In this article, we look at the context surrouding each scenario.

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23 May 2017

Crude Oil Prices Continue to Rise Before Key OPEC Meeting

Crude oil prices rose for a one-month high as OPEC-led producers prepared to extend a production cut scheme. Gold gains may be capped by US PMI data and upbeat Fed-speak.

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23 May 2017

Euro May Shrug Off Busy Data Docket, US Dollar May Recover

The Euro may shrug a steady stream of economic data releases while the US Dollar may find a lifeline in upbeat activity surveys coupled with confident Fed commentary.

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22 May 2017

EUR/USD Pushes Toward November High on Merkel’s ’Too Weak’ Comment

While the USD was weak again, the EUR and commodity currencies were the headliners on Monday as EUR strength appears resilient.

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22 May 2017

AUD/USD Into Resistance – 7500 in Focus

The rally has extended into technical resistance to open the week with the immediate long-bias vulnerable. Here are the updated targets & invalidation levels that matter.

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22 May 2017

NZD/USD Breaks Monthly Opening Range Ahead of NZ Trade Balance Report

The NZD/USD exchange rate looks poised for a larger recovery as it breaks out of a narrow range and climbs to a fresh monthly high of 0.6997.

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22 May 2017

OPEC, G7, FOMC Minutes Headline a Big Week for Global Markets

This week brings to the fray a series of drivers that could serve to extend or reverse last week's quick spike of volatility. OPEC, G7 and FOMC Meeting Minutes are on the docket, and will likely drive price action across major currency pairs.

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22 May 2017

Brexit Briefing: Sterling Stable Despite Pressure From Polls, Minister Davis

British Pound holds its ground despite David Davis warning the UK will walk away from the Brexit talks if the EU demands a €100 billion divorce payment and polls showing a narrowing lead for the Conservatives.

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22 May 2017

Gold Prices May Decline as Fed Officials Talk Up Rate Hikes

Gold prices may turn lower having stalled at a three-week high as Federal Reserve officials signal their interest rate hike program remains on track despite recent US political jitters.

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22 May 2017

British Pound Slumps, US Dollar Looks to Fed for a Lifeline

The British Pound slumped to start the trading week, with Brexit-related jitters likely at work. The US Dollar may rise as Fed officials signal rate hike program still on track.

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21 May 2017

Euro Positioned to Continue Rally versus Greenback, Commodity Currencies

A light economic calendar this week should keep the Euro in the market’s favor, particularly against the Australian, New Zealand, and US Dollars, which it has fared quite well against in recent weeks amid rising political pressure out of the United States and greater selling pressure in the commodity complex.

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20 May 2017

Yen Crosses Look for Permanent Traction in Equity, Risk Slide

USD/JPY witnessed its first decline in six weeks this past week. While there looms a range of both domestic and global event risk in the coming week, the focus is likely to default to general evaluations of sentiment.

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20 May 2017

Weekly Trading Forecast: US Politics, Economic News Flow Clash

Financial markets were consumed with shaky US politics last week. Upcoming news-flow from Washington DC may be no less potent even as top-tier economic event risk returns.

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20 May 2017

S&P 500 Attempts to Shrug Off Political Headwinds

Global markets will attempt to repair damage in the week ahead, but if key levels aren’t broken another dive lower could develop.

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20 May 2017

All Eyes on Vienna As OPEC Looks To Lock In Extension

Next week, OPEC will meet in Vienna and is expected to extend production cuts from major oil producers through March 2018 in attempt to balance global oil supply with demand.

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