[FOREX NEWS] USD/JPY: Political Risk & Equity Market In The Driver’s Seat; What’s Next? – Credit Agricole

Dollar/yen has moved on the ebb and flow of the political news from Washington. Things have been quite volatile, to say the least. What’s next? Here is their view, courtesy of eFXnews: Credit Agricole CIB FX Strategy Research notes that the rising uncertainty about the Trump Administration is triggering risk-off moves in the markets. In that [...]

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[FOREX NEWS] GBP/USD plunges in yet another flash crash – leans lower

Volatility is certainly back. The pound struggled to break above 1.30 and when it finally succeeded on the back of strong retail sales, the move is followed by a violent crash. The pair fell some 100 pips and bounced back 60. As with bungee jumping, the bounce is smaller than the free fall. Contrary to the [...]

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[FOREX NEWS] USD: What’s The Trade Into Comey’s Testimony Next Week? – TD

The US dollar has been moving according to the political flow of news in the US. The Comey memo brought the greenback down and the appointment of a special counsel helped it stabilize. What’s next? Here is their view, courtesy of eFXnews: TD Research notes that as the USD has lost ground as of late, it [...]

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[FOREX NEWS] US jobless claims drop to 232K

US jobless claims were expected to tick up from 236K to 240K in the weekly barometer of the labor market. The Philly Fed Manufacturing Index for May carried expectations for a drop from 22 to 19.5 points. The US dollar is back on the back foot. New revelations about the Trump team’s relations with Russia weighed on [...]

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[FOREX NEWS] New Trump-Russia revelations send the dollar back down

After the announcement of an appointment of a special counsel, the dollar recovered some of its losses on hopes for calm, at least a temporary one. But this Mueller effect didn’t even last for 12 hours. A new report by Reuters suggests the Trump campaign had at least 18 undisclosed conversations with the Russians. While some [...]

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[FOREX NEWS] UK retail sales beat – GBP/USD breaks 1.30

Brits are buying once again. Is this an Easter effect? Perhaps GBP/USD likes the data and breaks above 1.30. The UK was expected to report a rise of 1% in the volume of retail sales in April 2017. This follows a disappointing drop of 1.8% back in March. Year over year, an advance of 2.1% [...]

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[FOREX NEWS] USD recovers after special counsel appointed

Finally some political calm, at least temporary. After the big crash on the Comey memo, we have a greenback comeback. The US Department of Justice (DOJ) has appointed a special counsel to investigate a potential collusion between the Trump campaign and the Russians in the run-up to the 2016 elections. Former FBI Director Robert Swan “Bob” [...]

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