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Yellen supports interest rate hikes

27/09/2017 | OzForex

Cable heads south as the US prepares for an interest rate increase in December. As the UK had little in the way of macroeconomic data yesterday, eyes turned to the US early and specifically Yellen’s speech late afternoon. Prior to the release, we saw US C
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Markets anticipate Janet Yellen''s speech

26/09/2017 | OzForex

Data was thin on the ground Monday for each of the UK and US currency locations, which saw cable trade either side of 1.3500 for most of the day. FOMC members William Dudley and Charles Evans spoke yesterday, giving their views on the current state of the
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Political uncertainty hits the EUR

25/09/2017 | OzForex

Cable trades higher despite Theresa May’s lacklustre speech in Florence, Italy on Friday. The speech was highly anticipated last week as it was to offer investors, as well as UK and European residents, guidance on whether we are to see a soft or hard Brex
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USD retreats as geopolitical tensions rise.

22/09/2017 | OzForex

United States Dollar: The main release from the US yesterday came in the form of Unemployment Claims which unexpectedly fell from 282K to 259K. This is the second consecutive release that has come in well below forecast and helped build support for the USD following the ...
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Dollar rallies following Fed''s hawkish hold.

21/09/2017 | OzForex

United States Dollar: All eyes yesterday were firmly set on the US with the latest Fed announcement released late on in the day. The Fed unsurprisingly held rates at 1.25% but markets reacted positively to the announcement that they would be drawing back on the historic ...
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Focus turns to today''s FED announcement.

20/09/2017 | OzForex

United States Dollar: Markets were able to digest a number of minor data releases from the US yesterday. Building Permits and Housing Starts both came in above forecast giving the USD some much-needed support as we head towards today's FOMC statement. Other news of ...
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Political risks return for the Pound.

19/09/2017 | OzForex

United States Dollar: A very quiet start to the week for the USD with only minor announcements released yesterday. The USD was relatively unmoved as markets wait for higher tier data and central bank comments for guidance. On the data front today we will see the latest ...
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Markets await Wednesday''s Fed announcement.

18/09/2017 | OzForex

United States Dollar: A number of key announcements were released from the US on Friday, including Retail sales which unexpectedly fell from 0.3% to -0.2% causing the USD to retreat as trading came to a close last week. With little on the cards from the US today focus ...
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Hawkish comments trump dovish voting

15/09/2017 | OzForex

The pound climbed to fresh one year highs against the US dollar overnight as it continued to rally following yesterday’s Bank of England announcement. Whilst rates were left on hold at 0.25% and troublemakers Michael Saunders and Ian McCafferty were heavi
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From tax plans to Super Thursday – markets wake up

14/09/2017 | OzForex

Yesterday afternoon the USD was excited by positive developments regarding a potential tax reform plan. The USD rallied as Paul Ryan announced he wanted the reforms in place by the end of the year and it is expected another announcement will be made on Se
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