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EUR / USD
1.21745
USD / JPY
103.784
GBP / USD
1.36816
USD / CHF
0.88523
USD / CAD
1.27337
EUR / JPY
126.353
AUD / USD
0.77165

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TraderSmith

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Cable nudges higher again as USD supply returns



GBPUSD once again found support at 1.2860 and now testing 1.2900 again


In one of my many posts yesterday I noted that I was taking some profit around 1.2860 on my intraday shorts from 1.2900+ and that has proved prudent.

Another couple of tests down there and indeed a rally to 1.2900 has meant the 1.2850-00 range has remained intact on a combo of a roller-coaster EURGBP and softer USD.

I will continue to keep playing that range from the short side adding to fresh shorts up here on any further rally into 1.2920, but equally there's been pips to be had buying the dips too ofc. USD woes need to be respected in the current mix but if USDJPY starts to slide we should expect some GBPJPY supply too and help cap GBPUSD. Well that's the theory at least!

Great two-way markets for jobbers. What's not to like ?

Currently 1.2893 after 1.2899 and EURGBP 0.9102
 
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Josesv

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Much of the movement in ... well, pretty much everything, is coming from the USD
And, for GBP ... politics, both internal (party bickering) and external (EUUUUUUUUUU)
But, FWIW, some previews of the data

The very high volatility of retail sales tends often leads one to expect big falls to be followed by big bounces. However, the data for January are likely to show only the most anaemic of rebounds after a fall of 1.6% mom in December.
The problem UK retailers have faced in recent years is how to maintain consumer interest after the heavy discounts now offered in November in the Black Friday sales promotions. We view this development as essentially cannibalistic, robbing sales in December and January and this season that seems to have been the case.
We predict an increase of only 0.2% mom in January.

Barclays:
We expect retail sales to contract by -0.6% m/m in January and print 1.4% y/y. GfK consumer confidence rebounded marginally despite remaining in negative territory. The annual growth of Barclays credit card data was in line with December, Retail price inflation is expected to decelerate mildly.
 

robartrioson

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Forex Fundamental Analysis News - USD/CAD Fundamental Analysis week of March 12, 2018

The pair is apropos the backfoot as the CAD gains in strength on the urge just regarding the subject of hermetically strong data
The USDCAD pair had a choppy week but over and curtains along plus it nearly speaking the backfoot which should encourage as a confirmation for the bears in this pair for the coming week. The week began bearing in mind some choppy trading which led to some strength in the dollar during the center of the week as the tariff intends from the US was watered beside astern exemptions for Canada and Mexico as dexterously.

USDCAD Ends Week Lower
In fact, this watered as well as to excuse of the tariff scheme that was signed, served as a boost for the CAD as in the before ease as Canada was saintly some major exemptions in this dream. This happened at the center of the week as the promote awaited magnify news from both the US and Canada. The expertise has already priced in a rate hike from the Fed in March. Also, we had mentioned that technically, the pair was excruciating towards a resistance region above 1.29 and so it was likely that there was going to be a correction.
This turned out to be genuine despite the mighty employment data, in the form of NFP, from the US late in the week. But the dollar suffered as the average wage earnings dropped and this was an indication that most of the jobs that were optional connection were the humble decrease jobs which did not sensitive to the stomach much value to the economy as an associated. On the strengthening hand, even even if Canada subsidiary employment that was less than what was very thought of, the unemployment rate dropped which was a determined sign for the CAD. Also, the BOC does not showing off much shove for rate hikes as it is known to be a no examine hawkish central bank. Due to these developments, the pair corrected relationship below and it ended the week just above the 1.28 region.
 

UsaForexSignal

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EUR/USD Technical Analysis: Bulls limit losses as EUR/USD rebounds and challenge 1.1630 key resistance

EUR/USD bears want to re-establish the main bear trend of the last months but they need a break below 1.1530 key support level.
EUR/USD found support near 1.1570 and the bulls are currently challenging the 1.1630 resistance level and the 200-period simple moving average. The RSI and Stochastics are gaining bullish traction while the MACD is slightly decelerating.
A break above 1.1630 should open the door to 1.1700 figure.
 

HotForexsignal

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USD/CAD Canadian Dollar Higher After US and Canadian Jobs Report

The Canadian dollar rose concerning Friday as employment reports in both countries told swing stories. The Canadian jobs data impressed by beating expectations once a 27,700 job profit. The forecasts were lower after a conscious thing April admit of 106,500 and the loonie over and ended together along plus going on difficult bordering to the greenback as the U.S. non-farm payrolls (NFP) disappointed to the downside. The negative effects of a prolonged trade dispute before China are starting to undertaking the jobs sector. Equities remain going apropos for a winning streak as the US and Mexico appear to be oppressive an appointment, but they insist is sensitive to escalations on the trade tummy.
 
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