British Pound Advances as Inflation Expectations Push Higher, Euro Holds Tight Range

The British Pound halted the three-day slide against the greenback as a Bank of England survey showed a rise in inflation expectations, and the currency may continue to retrace the sell-off from earlier this week as the daily RSI bounces back from oversold territory. However, as the MPC is scheduled to release its March meeting minutes next week, the GBP/USD is likely to maintain the narrow range carried over from earlier this month as investors weigh the prospects for future policy

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British Pound Advances as Inflation Expectations Push Higher, Euro Holds Tight Range

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The British Pound halted the three-day slide against the greenback as a Bank of England survey showed a rise in inflation expectations, and the currency may continue to retrace the sell-off from earlier this week as the daily RSI bounces back from oversold territory. However, as the MPC is scheduled to release its March meeting minutes next week, the GBP/USD is likely to maintain the narrow range carried over from earlier this month as investors weigh the prospects for future policy

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British Pound Advances as Inflation Expectations Push Higher, Euro Holds Tight Range

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EUR/USD Classical 03.11

Setbacks have stalled for now ahead of  1.3400 (61.8% fib retrace of the 2008-2009 low-highs), and although the overall structure remains bearish, the market looks as though it may be attempting to carve out a short-term base.

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EUR/USD Classical 03.11

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Setbacks have stalled for now ahead of  1.3400 (61.8% fib retrace of the 2008-2009 low-highs), and although the overall structure remains bearish, the market looks as though it may be attempting to carve out a short-term base.

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EUR/USD Classical 03.11

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Swiss Franc May Turn Volatile Against Euro as SNB Announces Monetary Policy

The Swiss Franc may see a pick-up in volatility against the Euro as the Swiss National Bank makes its monetary policy announcement, with traders keen to see if policymakers will further relax their posture on currency market intervention.

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Swiss Franc May Turn Volatile Against Euro as SNB Announces Monetary Policy

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The Swiss Franc may see a pick-up in volatility against the Euro as the Swiss National Bank makes its monetary policy announcement, with traders keen to see if policymakers will further relax their posture on currency market intervention.

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Dollar Slips on Stable Risk Trends and Record Budget Deficit, But Still No Clear Trend

• Dollar Slips on Stable Risk Trends and Record Budget Deficit, But Still No Clear Trend • Euro Strength Runs Awry of a Gloomy EU Draft and Slower Growth for Strained Members • British Pound Drops as Factory Activity and Growth Estimates Slip • Australian Dollar Traders Respond to Weaker Employment Growth by Easing off Rate Expectations • New Zealand Dollar Tumbles after RBNZ Commentary Leans Towards Measured Tightening

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Dollar Slips on Stable Risk Trends and Record Budget Deficit, But Still No Clear Trend

From DailyFX:

• Dollar Slips on Stable Risk Trends and Record Budget Deficit, But Still No Clear Trend • Euro Strength Runs Awry of a Gloomy EU Draft and Slower Growth for Strained Members • British Pound Drops as Factory Activity and Growth Estimates Slip • Australian Dollar Traders Respond to Weaker Employment Growth by Easing off Rate Expectations • New Zealand Dollar Tumbles after RBNZ Commentary Leans Towards Measured Tightening

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Dollar Slips on Stable Risk Trends and Record Budget Deficit, But Still No Clear Trend

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Euro Forecast to Recover Against US Dollar on Options Sentiment

Forex options risk reversals show distinct risk that the US Dollar may slip further against the Euro, Australian Dollar and New Zealand Dollar through short-term trade. Indeed, traders have begun to aggressively bet on and hedge against further Euro strength via options, and recently one-sided speculative futures positioning shows distinct risk of near-term corrections.

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Euro Forecast to Recover Against US Dollar on Options Sentiment

From DailyFX:

Forex options risk reversals show distinct risk that the US Dollar may slip further against the Euro, Australian Dollar and New Zealand Dollar through short-term trade. Indeed, traders have begun to aggressively bet on and hedge against further Euro strength via options, and recently one-sided speculative futures positioning shows distinct risk of near-term corrections.

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Euro Forecast to Recover Against US Dollar on Options Sentiment

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Currency Crosses: Technical Outlook 03-10

Little has changed regarding the euro and Yen crosses. The CADJPY and AUDJPY have traded to new highs but closed off of the best levels of the day.

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Currency Crosses: Technical Outlook 03-10

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Little has changed regarding the euro and Yen crosses. The CADJPY and AUDJPY have traded to new highs but closed off of the best levels of the day.

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Currency Crosses: Technical Outlook 03-10

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A Drop in German Exports Casts Doubt on Recovery

The German trade balance surplus unexpectedly shrank in January from 13.4 billion to 8.0 billion as falling exports offset rising imports. Demand from abroad dropped by 6.3% against forecasts for a 0.5% improvement led by weakness from other Euro-zone members.

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A Drop in German Exports Casts Doubt on Recovery

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The German trade balance surplus unexpectedly shrank in January from 13.4 billion to 8.0 billion as falling exports offset rising imports. Demand from abroad dropped by 6.3% against forecasts for a 0.5% improvement led by weakness from other Euro-zone members.

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A Drop in German Exports Casts Doubt on Recovery

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Euro Holds Narrow Range, British Pound Extends Decline as U.K. Manufacturing Falters

 The Euro tipped lower against the greenback on Wednesday, with the exchange rate slipping to a low of 1.3545 during the overnight trade, and the single-currency is likely to maintain the narrow range carried over from the previous week as policy makers in Europe aim to support the economies operating under the fixed-exchange rate system.

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Euro Holds Narrow Range, British Pound Extends Decline as U.K. Manufacturing Falters

From DailyFX:

 The Euro tipped lower against the greenback on Wednesday, with the exchange rate slipping to a low of 1.3545 during the overnight trade, and the single-currency is likely to maintain the narrow range carried over from the previous week as policy makers in Europe aim to support the economies operating under the fixed-exchange rate system.

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Euro Holds Narrow Range, British Pound Extends Decline as U.K. Manufacturing Falters

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EUR/USD Classical 03.10

Setbacks have stalled for now ahead of  1.3400 (61.8% fib retrace of the 2008-2009 low-highs), and although the overall structure remains bearish, the market looks as though it may be attempting to carve out a short-term base.

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EUR/USD Classical 03.10

From DailyFX:

Setbacks have stalled for now ahead of  1.3400 (61.8% fib retrace of the 2008-2009 low-highs), and although the overall structure remains bearish, the market looks as though it may be attempting to carve out a short-term base.

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EUR/USD Classical 03.10

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Dollar Avoids a Trend Once Again after Retracing Risk Aversion Gains

• Dollar Avoids a Trend Once Again after Retracing Risk Aversion Gains • Euro Stumbles as Policy Officials Voice Their Doubts over Greece and an EMF Solution • British Pound Hit by Data and Credit Rating Warnings • Japanese Yen Benefits from Carry Unwinding and Strong Signs of Economic Recovery

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Dollar Avoids a Trend Once Again after Retracing Risk Aversion Gains

From DailyFX:

• Dollar Avoids a Trend Once Again after Retracing Risk Aversion Gains • Euro Stumbles as Policy Officials Voice Their Doubts over Greece and an EMF Solution • British Pound Hit by Data and Credit Rating Warnings • Japanese Yen Benefits from Carry Unwinding and Strong Signs of Economic Recovery

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Dollar Avoids a Trend Once Again after Retracing Risk Aversion Gains

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