Dollar Uptrend Under Fire – ST Topping Potential Increasing

Dollar Uptrend Under Fire – ST Topping Potential Increasing

The likelihood that the USDOLLAR Index is establishing a short-term top has jumped after recent price action.
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UPDATE 1-Fitch to reevaluate Brazil fiscal trend after new savings goals

SAO PAULO, July 23 (Reuters) – Fitch Ratings said on Thursday it will reevaluate Brazil’s fiscal trends, which are key for its decision on whether to downgrade the country’s credit ratings, after the…

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FOREX-Euro rises as Greece progresses on bailout steps

* Dollar index trims loss on lowest jobless claims since 1973

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GBP/USD drops to 1.5550 after US data

FXStreet (Mumbai) – The bid tone on the USD strengthened, pushing the GBP/USD pair to a session low of 1.5550 after the labour department data in the US showed the initial jobless claims last week fell to its lowest in four decades. GBP/USD: Supported by the 50% Fib of June rallyThe cable appears toSee Original Article

USD/CAD: Key resistance is 1.3065 – Scotiabank

USD/CAD: Key resistance is 1.3065 – Scotiabank

FXStreet (Guatemala) – Eric Theoret, CFA, CMT Currency Strategist at Scotiabank explained that Wednesday’s fresh 11-year closing high is notable, however USD/CAD has yet to break its intraday 2009 high at 1.3065.Key Quotes:”The RSI has not confirmed the fresh highs in USD/CAD, peaking at 76 on JulSee Original Article

GBP/USD Risks Bullish Breakout on Strong U.K. Retail Sales Report

A further expansion in U.K. Retail Sales may generate a near-term breakout in GBP/USD as signs of a stronger recovery boost interest rate expectations.
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United States CB Leading Indicator (MoM) above expectations (0.2%) in June: Actual (0.6%)

FXStreet.com (Barcelona) For more information, read our latest forex news.
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Chinese Banks' Forex Settlement Deficit Expands in H1

However, they sold-off over 970-billion U.S. dollars in forex through the same period. Wang Chunying with the State Administration of Foreign
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EUR/USD changing hands on relative fundamentals – BTMU

EUR/USD changing hands on relative fundamentals – BTMU

FXStreet (Guatemala) – Analysts at Bank of Tokyo Mitsubishi UFJ explained that the euro has come back under modest downward pressure against the US dollar as the foreign exchange market has shifted back to being driven by relative fundamentals. Key Quotes:”The risk of a negative shock from a Greek dSee Original Article

USD/CAD retakes 1.30 and beyond

FXStreet (Edinburgh) – The US dollar has resumed its upside vs. its fellow neighbour on Thursday, lifting USD/CAD to the vicinity of 1.3030.USD/CAD coming up from 1.2940Spot has managed well to revert the drop to session lows in the boundaries of 1.2940 in response to the positive prints from CanadiSee Original Article

Forex focus: What's the impact of a lower AUD on markets? – FXstreet.com

Joshua Mahony, market analyst for IG index, joined us on Tip TV and began by noting how Australia is diversifying its economy. RBA trying to shift
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South Africa SARB Interest Rate Decision increased to 6% from previous 5.75%

FXStreet.com (Barcelona) For more information, read our latest forex news.
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GBP/USD drops further and hits 1-week lows

GBP/USD drops further and hits 1-week lows

FXStreet (Córdoba) – The pound dropped further in the market and hit a 1-week low against the US dollar. GBP/USD broke below 1.5525/30 and fell to 1.5515, reaching the lowest since July 14. GBP/USD changes short-term outlookCable is trading below Tuesday’s lows and is opening the doors for more dSee Original Article

Nowcasts on the UK's data next week – TDS

FXStreet (Guatemala) – Analysts at TD Securities noted the forthcoming data that is due for the UK text week with the key GDP for Q2 and their nowcasts. Key Quotes:”Q2 GDP (Tue 28 July): Our nowcasts for UK Q2 GDP have barely budged from 0.6% q/q since April and the release of Q1 GDP at 0.4%. OveralSee Original Article

United States EIA Natural Gas Storage change: 61B (July 17) vs previous 99B

FXStreet.com (Barcelona) For more information, read our latest forex news.
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HIGHLIGHTS-South African central bank comments on rates

JOHANNESBURG, July 23 (Reuters) – Below are comments from South African Reserve Bank Governor Lesetja Kganyago at his latest decision on interest rates.

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Crude Oil Breaks 50 Dollar Mark On Surprise US Stockpile Growth

Crude Oil Breaks 50 Dollar Mark On Surprise US Stockpile Growth

WTI oil crashed below $50 after a weekly governmental report showed crude inventories rose versus an expected drop. Copper demand on LME reached the lowest level in two years.

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Oil sees moderate strength, global glut weighs

FXStreet (Mumbai) – Oil prices at both the sides of the Atlantic trade with moderate gains even though the USD index recovered losses after the upbeat weekly US jobs data. Concerns of oversupplyDespite the resilience, the gains are being capped by global glut worries. The WTI crude futures in the USSee Original Article

Gold closed with gains below $1,100

FXStreet (Edinburgh) – The troy ounce of the precious metal has snapped a 10-session negative streak on Thursday, closing in levels below the $1,100 handle.Gold remains weakDespite today’s positive performance, the demand for the safe haven metal remains subdued, as the likeliness of a rate hike bSee Original Article

FOREX-Yen holds losses vs dollar, euro after IMF warning

NEW YORK, July 23 The yen held losses against the dollar and euro early Thursday after the International Monetary Fund warned Japan must avoid
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FOREX-Yen holds losses vs dollar, euro after IMF warning – Yahoo Finance UK

FOREX-Yen holds losses vs dollar, euro after IMF warning – Yahoo Finance UK

NEW YORK, July 23 (Reuters) – The yen held losses against the dollar and euro early Thursday after the International Monetary Fund warned Japan
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Forex – EUR/USD, USD/JPY Flows: Big drop in claims gives USD sellers pause for thought

A bigger than expected drop for initial claims has reined in USD losses that may have been on the edge of inspiring a push to some bigger levels.
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S.Africa's cbank says inflation outlook assumes oil price rise

PRETORIA, July 23 – For highlights of South African Reserve Bank Governor Lesetja Kganyago’s news conference after the central bank’s policy meeting, please double-click on (Reporting by Ed Stoddard…

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Kenyan forex market, bourse cut Friday trading hours as Obama visits | News by Country | Reuters

NAIROBI, July 23 (Reuters) – Trading hours on Kenya's stock and foreign exchange markets will be shortened on Friday due to President Barack
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