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The dollar held steady on Tuesday, ahead of the FED’s two-day meeting…

  Good Morning,   – The dollar held steady on Tuesday, ahead of the U.S. Federal Reserve’s two-day meeting that begins later today, for clues to the direction of U.S. interest rates. – ECB’s Praet: Euro zone deflation risk is limited, economy has lost momentum but no deflation is present. – France and the European […]

The dollar remains under pressure…

  Good Morning,   – The dollar remains under pressure… the dollar index slips on the day, on track for weekly loss. – BofA on EUR/USD:  Get Ready To Sell EUR/USD. BofA notes that the choppy range of the past several weeks has been frustrating, but now evidence says the medium, if not long term […]

NZD still recovers after China’s Trade Balance

NZD still maintains positive momentum though China’s data announcements were mixed. However, traders liked the good news concerning Trade Balance USD (Previous: $23.92B, Forecast: $35.50B, Actual: $38.05B) and pushed the pair higher. Those that saw Friday’s post, the ongoing positive candlestick  was confirmed by the end of day. The pair created a bullish candlestick as well […]