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Philly Fed and initial jobless claims coming up

Philly Fed and initial jobless claims coming up

The week is breezing by but nerves are increasingly frayed after 4 consecutive declines in US equities. Today's highlight is the duo of the Philly Fed (shown above) and initial jobless claims, both at the bottom of the hour.There are sign of softening in the US jobs...

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German economy likely expanded in Q1 – Bundesbank

German economy likely expanded in Q1 – Bundesbank

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...

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GBP/USD continues to consolidate below 1.2500 for now

GBP/USD continues to consolidate below 1.2500 for now

The near-term chart better depicts the price action in the pair on the week:GBP/USD hourly chartWhile the dollar has retreated a little, it hasn't amounted to much in GBP/USD as of yet.The jump after the UK inflation data yesterday stalled upon testing the 100-hour...

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FX option expiries for 18 April 10am New York cut

FX option expiries for 18 April 10am New York cut

There are a couple to take note of, as highlighted in bold.The first ones are for USD/JPY with the big one being a $6 billion set of expiries at 153.00. That is seen quite a distance away from the current spot price, but it is one to take note of given the size. That...

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Dollar cools off in trading this week

Dollar cools off in trading this week

The dollar is seeing its recent advance stall, as traders are trying to figure things out amid the lack of major economic data releases in trading this week. I'll dive more into the charts later in analysing the changes in near-term sentiment for the dollar. But for...

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