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Fundamental Forex Analysis

AUD/USD remains confined in a range, moves little post-US macro data

AUD/USD struggled for a firm direction on Thursday and was seen oscillating in a range. The risk-off mood benefitted the safe-haven USD and kept a lid on the intraday bounce. Mixed US economic data failed to im...

Outlook on the economic recovery remains uncertain
Fundamental Forex Analysis

Outlook on the economic recovery remains uncertain

Australia’s Council of Financial Regulators (CFR), in its latest report, said the outlook, including the nature and speed of the expected recovery, remains uncertain. Additional takeaways “Financial...

Australia's jobless rate could rise to 11%
Fundamental Forex Analysis

Leading Index remains at recession levels – Westpac

According to Bills Evans at Westpac, the Westpac- Melbourne Institute Leading Index growth rate remains in deep negative territory consistent with an economic recession, despite the sight improvement. Key quote...

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Fundamental Forex Analysis

NBS Manufacturing PMI edges lower to 50.6 in May, remains in expansion territory

The economic activity in China’s manufacturing sector expanded for a third straight month in May, albeit at a softer pace than it did in April, the National Bureau of Statistics (NBS) reported on Sunday. ...

USD/CAD: ???? ???? ?????? 200-DMA
Fundamental Forex Analysis

USD/CAD hangs near 2-1/2-month lows post-US/Canadian data, focus remains on Trump

A broad-based USD weakness prompted some fresh selling around USD/CAD pair. Friday’s US/Canadian macro releases did little to provide any meaningful impetus. The key focus remains on Trump’s reaction to China’s...

NZD/USD ???????? ? ????? 0.6550
Forex News

Remains vulnerable near 3-week lows, below 0.60 mark

NZD/USD struggled to capitalize on the overnight bounce from three-week lows. Bearish bias remains amid the recent break below the 0.60 confluence support. The NZD/USD pair traded with a mild negative bias on ...

EUR/USD ?????????? ?? ??????? 1.1090
Forex News

Mood improves, dollar remains strong

What you need to know on Friday, May 15th:  The American dollar remained the strongest, surging against most major rivals after US President Trump backed a stronger dollar. His words came just one day after Fed...

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Forex News

Rebounds around 50 pips from multi-day lows, focus remains on Powell’s speech

NZD/USD once again finds decent support near the 0.60 confluence support. The set-up warrants some caution before placing aggressive directional bets. The NZD/USD pair has managed to rebound over 50 pips from ...

USD/CAD: ???? ?????? ???? ?? 1.3300
Forex News

USD/CAD remains on the defensive below 1.4000 mark

A combination of factors kept a lid on the early USD/CAD uptick to 1.4065 area. The USD remained depressed on softer-than-anticipated US consumer inflation. A strong rally in oil prices underpinned the loonie a...

National Cabinet agreed three-step plan to achieve COVID-safe economy by July
Fundamental Forex Analysis

NAB Business Confidence Index bounces to -46 in April, AUD/USD remains heavy

NAB Survey still remains in the negative territory. Australian budget is up for release later on Tuesday. AUD/USD keeps losses below 0.6450 on disappointing data. National Australia Bank’s (NAB) index of busin...