GBP/USD favors the downside amid political worries, BOE echoes

GBP/USD is finding it hard to hold onto the 1.31 handle and is flirting with this line. At current levels, cable is at the lower end of the wide range of 1.3030 to 1.3320 that characterized it recently. 1.3080 serves as a line of support, the last barrier before the bottom of the ranger. On […]

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GBP/USD to 1.25 during the next 6 months – BNPP

GBP/USD has been hit by the BOE but has not gone too far. The pair still maintains the range. What are the long-term prospects for the pair? Here is their view, courtesy of eFXnews: BNP Paribas Research discusses GBP outlook in light of last week’s BoE policy decision. “We expect growth in the UK to […]

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AUD/USD bounces, but it is forming lower highs

The Australian dollar lost its high range in late October and seems to have stabilized at a new range. Support is found at 0.7625 and resistance is at 0.7730. Any drop to the downside was followed by a rise to the upside in recent days. This is the case today as well. After falling to […]

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USD under some pressure amid tax delay talk

The US dollar enjoyed signs of progress on enacting a massive tax reform. The suggested changes include changes to income taxes, estate taxes, and corporate taxes. The massive reforms could boost the US economy, at least in the short run. But now, there are reports about a delay in the corporate tax cut. The Washington […]

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USD/JPY: Still The Best Vehicle To Play US Tax Reform; Where To Target? – ING

USD/JPY made an attempt to move to the upside, temporarily rising above 114.50,  but retreated back under 114. What’s next? ING tackles the pair from a different angle. Here is their view, courtesy of eFXnews: ING FX Strategy Research is mildly bullish on USD/JPY around current levels on the prospects of US tax reform and expects the […]

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The greenback remains in the green amid an upbeat JOLTs report

A better than expected read on the US labor market. The JOLTs jobs report came out at 6.093 million against a drop under 6 million annualized that was expected. The previous month saw a minor revision to 6.09. All in all, the labor market looks healthy and stable. The IBD/TIPP Economic Optimism also came out above […]

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EUR/USD looks depressed ahead of Draghi – another drag?

EUR/USD is getting used to a lower range. While the moves are limited, the limits of the range are well-defined. The pair trades between support at 1.1575 and resistance at 1.1620. This is the lower end of the recent trading ranges. Why is the pair trading at lower ground? Draghi’s dovish words from two weeks […]

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Trader of the Year 2017 – registration open

FXStreet and Swissquote present the 11th edition of Trader of the Year. You can sign up here. The contest features very interesting prizes and Forex Crunch is happy to be a media partner. Use the hashtag  #FXSTraderofTheYear when tweeting about this event. You can read more in the original publication here or below Barcelona, October […]

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AUD/USD ticks lower on unchanged RBA decision

The Australian dollar was moving higher, bouncing off the support line of 0.7640. It had already advanced to nearly 0.77. Well, the initial reaction to the RBA decision sent it to that round number of 0.77, but it was only momentary. From there, the pair slipped back down under 0.7670 and remained entrenched in the […]

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GBP/USD: consolidation or further falls?

The pound was hit by the Bank of England’s dovish hike last week and remains on lower ground. But will it continue falling? Here are two opinions: Here is their view, courtesy of eFXnews: GBP/USD: Symmetric Risks After The Sell-Off – Barclays Barclays Capital FX Strategy Research discusses GBP/USD outlook, arguing that Sterling faces symmetric risks […]

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