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Risk on Approach Taken Following Yellen Testimony.

13/07/2017 | OzForex

United States Dollar: Fed Chair Yellen headlined proceedings yesterday with her testimony to Congress. Yellen maintained a relative position in terms of future policy however specific comments held a dovish rhetoric which surprised investors and caused the Dollar to ...
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Sterling falls while focus shifts to Fed Chair Yellen.

12/07/2017 | OzForex

United States Dollar: There was little data of note released yesterday from the US with focus turning to the JOLTS job openings figures which fell from 5.97M to 5.67M, showing the largest decline in almost a year. This release did little to motivate markets and although ...
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Nothing to declare as markets remain quiet

11/07/2017 | OzForex

United States Dollar: A very quiet start to the week has left markets looking for motivation and struggling to find a catalyst to prompt any major movement. Rates remained relatively range bound as GBP/USD held just below the 1.29 mark. The only release of note yesterday ...
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Sterling lower after manufacturing latest

10/07/2017 | OzForex

Cable slips below 1.2900 as US jobs data exceeds expectation. It was non-farm employment change that has boosted the US Dollar since the close of business Thursdays as an expected 175k rise was met with a 222k increase. The news took GBP/USD, which had be
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US jobs data knocks the Greenback

07/07/2017 | OzForex

Sterling pushes higher against the Greenback. As there was no key data from the UK Thursday, focus for investors was on US releases from 1:15 pm. As mentioned yesterday, jobs data was to be monitored and it has proven correct as the main reason for USD lo
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No further guidance gained from FOMC minutes

06/07/2017 | OzForex

Cable edges higher after the US FOMC meeting minutes. Markets and investors were both disappointed by the FOMC meeting minutes as members remain divided on when the FED should start trimming its balance sheet. The draw-down plan announced after Junes inte
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Sterling on standby for services PMI

05/07/2017 | OzForex

Tuesday’s construction data failed to support Sterling. The main reasons for the was that the June data showed weaker growth momentum in business activity, new work and employment with all expanding at slower rates. However, despite the release coming jus
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Sterling awaits construction latest

04/07/2017 | OzForex

Sterling losses seen after local manufacturing data disappoints. At the end of the second quarter UK manufacturing showed an expansion in both production and new orders, but the rates of increase decelerated. The result overall came in 2.1 under expectati
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Cable slips back below 1.30 as manufacturing bites

03/07/2017 | OzForex

United States Dollar: GBP/USD slipped to a low of 1.2953 on Friday as month end flows ahead of the London fix dominated proceedings. There turned out to be some healthy bids lined up close to and around 1.2950 and it promptly bounced as the session and week came to an ...
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Sterling and Euro hold gains on Hawkish Central Bank comments

30/06/2017 | OzForex

James Mills United States Dollar: GBP/USD has continued its upward trajectory against the U.S Dollar ...
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