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25 July 2014 - Categories: fundamentals By Steve - Comments: 0
July RBNZ Statement Review

July RBNZ Statement Review

The Reserve Bank of New Zealand (RBNZ) decided to hike interest rates by 0.25% as expected, yet this move failed to spur a strong rally for the New Zealand dollar in this week’s trading. For one, geopolitical tension in Gaza and Ukraine are weighing on risk sentiment and demand for higher-yielding currencies. But what really

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25 July 2014 - Categories: technical analysis By Aaron Haynes - Comments: 0
Support Turned Resistance on EUR/NZD - July 25, 2014

Support Turned Resistance on EUR/NZD – July 25, 2014

EUR/NZD has sold off strongly recently, but price consolidated above the 1.5400 major psychological support zone when the move seemed overdone. Since then, price has broke to the upside and signaled a possible retracement to an area of interest visible on the 4-hour time frame. The 1.5800 major psychological level has acted as support in the

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24 July 2014 - Categories: technical analysis By Aaron Haynes - Comments: 0
Uptrend Forex Play on GBP/AUD - July 24, 2014

Uptrend Forex Play on GBP/AUD – July 24, 2014

After a couple of tests of the rising trend channel resistance, GBP/AUD broke below the mid-channel support and is making its way to the bottom of the channel on the 4-hour time frame. Stochastic is indicating oversold conditions, suggesting that a possible bounce might take place soon. Support is located near the 1.7950 minor psychological

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24 July 2014 - Categories: fundamentals By Steve - Comments: 0
BOE Shifts to More Cautious Stance in Latest Meeting Minutes

BOE Shifts to More Cautious Stance in Latest Meeting Minutes

After weeks of being supported by positive rate hike expectations for the year, the British pound had to return some of its gains when the BOE meeting minutes indicated that policymakers are no longer as hawkish about the economy. For one, policymakers expressed concerns about the lack of wage growth, as hiring has been strong but

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23 July 2014 - Categories: fundamentals By Steve - Comments: 0
Australian Dollar Gets Boost from Strong CPI

Australian Dollar Gets Boost from Strong CPI

As expected, Australia reported a 0.5% increase in consumer prices for the second quarter of the year, slightly weaker compared to the previous period’s 0.6% increase. The rise was spurred by higher tobacco prices, increases in health services costs, and higher dwelling fees. This offset the drop in travel and petrol costs. On an annualized

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