Currency Wars

Currency Wars
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Forex Market News Currency Wars! What are they? Who’s fighting and what are they fighting about ? How does it affect us? ‘Currency Wars’ simply refers to the situation where a number of countries are effectively competing to devalue their currencies. They are doing this to ‘cheapen’ their currency in order to either export their […]

RBA Action Day

RBA Action Day
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Forex Market News As usual we had a relatively quiet start to the week after some late action last week following an improved US core CPI, which put the USD back on the front foot. EUR led the way breaking through strong recent support at 1.1260 opening the door for another test of January’s low […]

The Draghi Protocol

The Draghi Protocol
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Forex Market News In what was a pretty quiet trading session thanks to the USA market holiday for MLK Jr oil still makes the headlines. This time it was Iraqi stockpiles that slapped the bulls back down, with price currently down another 2.4% at 47.52 (WTI). However, it is Draghi and the ECB that is […]

Bounce on ECB and China GDP

Bounce on ECB and China GDP
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Forex Market News China Data out yesterday in China saw continued strong growth with GDP at 7.3% and industrial production at 8%. Both numbers a tad higher than expectations. This flowed into the commodity markets all of which had strong(ish) moves, a turnaround from recent trends. The Loonie and the Aussie (briefly) both jumped on […]