Articles

DailyFX European Market Wrap: Equities Flat, Pound Hits Two-Month High vs Euro


by  Katie Pilbeam

European markets are looking pretty lack luster this Wednesday afternoon despite some positive data releases including an above expectation rise in Britain’s GDP, Lloyds Banking Group reporting its highest annual profit in a decade and Eurozone inflation rising.

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Resilient Core Retail Sales to Curb Canadian Dollar Weakness


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Another pickup in Canada’s core reading for Retail Sales may heighten the appeal of the loonie as the BoC appears to be on course to move away from its easing-cycle.

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ASX 200 Technical Analysis: Must This Be A Double Top?


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The ASX 200 is grappling with January highs again. If the bulls can take them out, then they may fight another day. If they cannot, we could be looking at “double top".

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by    and Christian Lewis

US Dollar Retreats Despite FOMC Minutes Plotting Out Course to Next Hike

The US Dollar slid Wednesday afternoon following the release of the Federal Reserve’s February meeting minutes despite view from ‘many’ that next hike could come ‘fairly soon’.
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USD/JPY Decision Time- 112.30 Line in the Sand

The pair has carved out a clean weekly opening range just above key support. Here are the updated targets & invalidation levels that matter.
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HKD Gains as Hong Kong Introduces Tax Cuts to Stimulate Economy

Hong Kong Financial Secretary released the budget for the fiscal year of 2017 to 2018, with stimulus measures.
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USD/JPY Inverse H&S Takes Shape Above 112.50; FOMC Minutes on Tap

USD/JPY may stage a larger recovery over the coming days as it carves an inverse head-and-shoulders formation ahead of the FOMC Minutes.
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USD/JPY, Gold Price Action Diverging from USD-Strength Theme

While USD has remained strong through much of February, price action in USD/JPY and Gold have diverged - indicating that rate hike fears may not be as pronounced as the U.S. Dollar's chart might indicate.
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DXY Looks to FOMC Minutes for More Evidence of Impending Rate Hike

The US Dollar is on strong footing again this morning as lingering political risks in Europe and disappointing data out of the UK have kept the greenback in a favorable light among market participants.
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EUR/GBP Hits a Two-Month Low, UK GDP Picks Up in Q4

EURGBP remains under pressure as 2-yr German Bond yields hit a record low and UK 4Q GDP beats expectations.
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US Dollar Pulls Back vs. Yield-Sensitive FX as FOMC Minutes Loom

The US Dollar turned defensive against especially yield-sensitive alternatives including the Aussie and the Yen as all eyes turned to minutes from February’s FOMC meeting.
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Gold Price Chart Hints at Topping, Hawkish FOMC Minutes May Help

Gold prices may turn lower as technical topping cues are made good with a push from a hawkish set of minutes from the Federal Reserve’s February policy meeting.
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Asian Stocks Mixed, Weaker US Dollar Weighs on Nikkei

Asian stocks were mixed on Wednesday, with a moderately weaker US Dollar making progress tough for the likes of Japan's benchmark Nikkei 225 index.
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by  Daniel Dubrovsky

Aussie Dollar Shrugs Off Worse-Than-Expected Construction Data

The Australian Dollar shrugged off data showing that total construction work unexpectedly fell in the fourth quarter, disappointing economists' expectations of an increase.
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by    and Christian Lewis

Peso Surges As Bank Of Mexico Announces FX Hedge Program

The Mexican Peso surged as much as 2.3 percent against the US Dollar to a three-month high after the Bank of Mexico announced it will offer as much as $20 billion in foreign-exchange hedges.
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Crude Prices Flirt with Key Resistance- 2017 Opening Range Intact

Crude is probing a critical region of resistance which if broken could see significant topside potential. Here are the updated targets & invalidation levels that matter.
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USD/CAD Constructive Above 1.3070 Ahead of Canada Retail Sales

USDCAD looks poised for further gains after responding to key daily support last week. Here are the updated targets & invalidation levels that matter into the release.
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EUR/USD Losses Favored on RSI Trigger; Fed Mulls March Rate-Hike

EUR/USD quickly approaches the monthly low (1.0521) as fresh comments from Fed officials suggest the central bank remains on course to further normalize policy in 2017.
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USD Weakens After Markit PMIs Miss Heightened Expectations

The USD gave back some of its recent gains as the latest Markit manufacturing and services survey slipped to a two-month low and disappointed USD bulls.
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Dollar Tests a Key Resistance Level as EUR/USD Sits on Support

The U.S. Dollar is testing a key resistance level, trying to leave behind the bearish down-trend of January. This has brought EUR/USD down to an interesting support level above the 1.0500-handle.
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DXY Aims for Monthly Highs as Fed March Hike Odds Increase

The US Dollar has made a significant technical breakthrough over the past 24-hours.
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Euro Drops as PMI Data Point to Still Sluggish Inflation

The Euro is dropping against its G20 peers despite today’s PMI data showing the Euro-Zone economy firing on all cylinders. However, inflation is only creeping up slowly.
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GBP Steadies as UK Borrowing Falls Sharply

UK public finances are in good shape, according to the latest ONS data, despite Brexit fears about the future.
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Crude Oil Prices Look to IP Conference as Deadlock Continues

Crude oil prices are looking to a gathering of industry bigwigs in London for comments that may break the deadlock that has confined prices to a narrow range since early December.
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Most Asian Markets Gain, US Hopes Still Drive

Asia/Pacific stock markets were mostly higher on Tuesday with hopes for US economic policy still behind their vigor. The Dollar posted modest, cross-board gains, too.
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Yen Steady After Extremely Perky Manufacturing PMI Data

The Japanese Yen didn’t get much of a boost from a very strong survey from its home country’s manufacturing sector, where output is at three-year highs.
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by  Chrisitan Lewis

Fiscal Stimulus to Boost US Economic Growth, Says OECD

According to the Organization for Economic Cooperation and Development (OECD), United States economic growth is set to accelerate heading into 2018.
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