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Technical Forex News

GBP/USD followed the euro, but rebounded

GBP/USD opened the day at 1.7039, slid to 1.7021, but recovered to 1.7045 area soon. The pair was slow to realize there was nothing aggressive in the MPC minutes on Wednesday. The investors scrutinized every word, and, not finding anything to strengthen on, sent the pair to 1.7120 area. The...

Majors

EUR/USD is excited by strong PMI

EUR/USD managed to rebound from 1.3437 low to 1.3470 area, as German PMI came out better than expected.

Currencies

EUR/JPY bounces after PMIs

The EUR/JPY bounced from a 5-month low and turned intraday positive after data showed German and Eurozone...

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Fundamental News

NZ trade balance comes above expectations

New Zealand trade balance(MoM)(Jun) came at $247M vs $150M exp and $285M last, with the (YoY)(Jun) read standing at $1.2B vs $1.15B exp and $1.37B last. Exports (Jun) were $4.19B vs $4.28B exp and $4.60B...

EMU: Flash PMI manufacturing surprises to the upside in July

The preliminary Eurozone PMI manufacturing rose to 51.9 in July, from 51.8 in June, according to data...

Central Banks

RBNZ hikes rates, signals pause on tightening cycle

As widely expected by market participants, the RBNZ decided to increase interest rates by 25bp to...

Equities

Wall Street closed at highs but Boeing pushed down the DJIA

US stocks market closed mostly positive on Wednesday as investors digested earnings from big companies...

Commodities

Crude Oil: Support at 106.80 could be violated − eFXnews

The eFXnews team point out that that the SEB stresses that oil's correction higher might or might...