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North Korea Fires 4 Ballistic Missiles at Northwest Coast of Japan. USDJPY Fell to 113.60

Posted by Chris Advincula on Mar 6, 2017 6:11:00 AM

(Mar 6 Monday) The USD/JPY fell from 114.10 to 113.75 (-35 pips) in Asia and continued to drift lower to 113.57 in Europe as the yen gains after North Korea fired four ballistic missiles into the sea near the northwest coast of Japan. This latest provocation from Kim Jong Un has prompted Japan to raise its defense alert to the highest level.

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Topics: $USDJPY, Japan, Forex, Japanese Yen, Fundamentals, South Korea

Fed's Brainard "Higher Rates Likely Soon" - USD/JPY Breaks 114.00

Posted by Chris Advincula on Mar 2, 2017 6:45:01 AM

(Mar 2 Thursday) The U.S. dollar gains against the yen and other major currencies. Early in the Asian session, the USD/JPY rate rose sharply from 113.73 to 114.15 (42 pips) in reaction to Fed Governor Brainard's hawkish comment on U.S. interest rates. (23:00 GMT). The dollar made further gains to 114.33 in early Europe.

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Topics: $USDJPY, US Dollar, Forex, Federal Reserve monetary policy, Fundamentals

Australia's 4th QTR GDP Rose +1.10% Avoids Recession. AUD/USD Fell from 0.7700 as Dollar Gains

Posted by Chris Advincula on Mar 1, 2017 6:23:47 AM

(Mar 1 Wednesday) The australian dollar made good gains following the better than expected 4th Quarter GDP data and China's manufacturing PMI data in the prior Asian session. The aussie initially rose from 0.7632 to 0.7665 and rose a further 35 pips to test 0.7700 on follow through buying and stops being triggered.

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Topics: AUDUSD, US Dollar, Forex, Australian Economy, Fundamentals

EUR/USD Climbs to 1.0640 on Extended Buying as U.S. Dollar Fell

Posted by Chris Advincula on Feb 16, 2017 6:58:23 AM

(Feb 16 Thursday)  The euro made extended gains in Europe to the midday session high of 1.0640 from 1.0600 (+40 pips) as the U.S. dollar fell against the major currencies.. The low on the intraday chart was 1.0520, which came off 30 pips in the NY morning session yesterday,. Euro-buying interest followed +140 points to 1.0640.

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Topics: $USDJPY, GBPUSD, EURUSD, European Session, Forex, Fundamentals

Pound Spurred by Fear of the Future Shrugs Off Good News

Posted by Chris Advincula on Oct 28, 2016 8:16:22 AM

(Oct 28 Bloomberg) The pound's reaction to this week's report on gross domestic product provided an insight into currency traders' attitude toward Brexit.

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Topics: GBPUSD, U.K. Economy, Forex, Fundamentals, BREXT, U.K. GDP

 

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