Vote for Forex Crunch in the FXStreet Forex Best Awards

Forex Crunch is honored to have been nominated in the FXStreet Forex Best Awards 2017, which encompasses the content produced during 2016, a turbulent year no doubt. The prizes awarded according to a team of experts as well as a popular vote. Please vote for Forex Crunch by filling and completing the survey here. There are three simple … “Vote for Forex Crunch in the FXStreet Forex Best Awards”

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GBP: ‘Cheap’ Sterling Bounces On Position-Squaring: What’s Next? –

The pound dropped on the Supreme Court decision but bounced back. It might be too expensive now. Here is their view, courtesy of eFXnews: After a volatile ride on Tuesday, sterling posted a remarkable recovery on Wednesday. GBP/USD rallied through  1.26 while EUR/GBP dropped below 0.8550. With Prime Minister Theresa’s May speech (last week) and the … “GBP: ‘Cheap’ Sterling Bounces On Position-Squaring: What’s Next? –”

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EUR/USD: Trading the US Advanced GDP

US Advance GDP is a measurement of the production and growth of the economy. Analysts consider GDP one the most important indicators of economic activity, and publication of Advance GDP could have a significant impact on the movement of EUR/USD. A reading which is better than the market forecast is bullish for the dollar. Here … “EUR/USD: Trading the US Advanced GDP”

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Australian Dollar Weakens After Inflation Data

The Australian dollar fell against its major peers today after worse-than-expected inflation data released from Australia today. The currency was trading in a range during the past couple weeks following the strong rally that has started at the end of the last year and continued into the beginning of the current year. The seasonally adjusted Consumer Price Index rose 0.5% in the December quarter from the previous three months versus the forecast value of 0.7%. … “Australian Dollar Weakens After Inflation Data”

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Mexican Peso Climbs vs. Dollar amid US Uncertainty

The Mexican peso climbed against the US dollar even though the same uncertainties about US international relations that plague the greenback should have been detrimental for Mexico’s currency as well. New US President Donald Trump seeks changes in US international relationships, and Mexico is an important part of his plans as the country was featured prominently in Trump’s election campaign. In particular, he promised to build a wall between the United States … “Mexican Peso Climbs vs. Dollar amid US Uncertainty”

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Euro Recovers from Losses Despite Soft German Business Climate

The euro was soft intraday due to the unexpectedly weak German business climate but has managed to recover and is trading close to its opening level as of now. The Ifo Business Climate Index fell to 109.8 in January from 111.0 points in December. Analysts had expected a small increase to 111.3. The data hurt the euro initially, but the currency has recovered by now, perhaps thanks to the dollar’s weakness (though the euro actually lost … “Euro Recovers from Losses Despite Soft German Business Climate”

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British Pound Rallies Boosted by Theresa May’s Announcement on Triggering Article 50

The British pound rallied against its major peers today after the UK government announced it would submit legislation on the triggering of Article 50 to parliament later this week. The British government announced through PM Theresa May‘s office that it would table the legislation before parliament on Thursday. The British pound gained significantly against the US dollar, the euro and the Japanese yen after Reuters published the announcement made by Theresa … “British Pound Rallies Boosted by Theresa May’s Announcement on Triggering Article 50”

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US Dollar Edges Lower Against Euro as Traders Remain Reluctant

The US dollar edged slightly lower against the euro on Wednesday, as a sentiment of reluctance remained dominant between currency traders. Continued uncertainty towards the economic plans of US President Donald Trump prevented the nation’s currency from maintaining its recent rally. The uncertainty stemmed from Trump’s protectionist scheme for the US economy, which could harm US trade and might have its negative effect on economic growth. The US president started … “US Dollar Edges Lower Against Euro as Traders Remain Reluctant”

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GBP/USD: Trading the UK Preliminary GDP

UK Preliminary GDP, published each quarter, is the first of three GDP releases. GDP measures production and growth of the economy, and is considered by analysts one the most important indicators of economic activity. A reading which is better than the market forecast is bullish for the pound. Here are all the details, and 5 … “GBP/USD: Trading the UK Preliminary GDP”

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As EUR/USD Looks Expensive Again, What Is The Trade? –

EUR/USD went up on the Trump Dump and now looks expensive according to the team at Credit Agricole. What’s next? Here is their view, courtesy of eFXnews: The latest rebound in EUR/USD is driven by a positioning squeeze of USD longs on the back of policy uncertainty returning in the wake of Trump’s inauguration. At … “As EUR/USD Looks Expensive Again, What Is The Trade? –”

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