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The Daily Score - 17 April 2014

By MahiFX

Market Summary

Forex markets are likely to slow down today ahead of the Easter holidays in much of the world with only US weekly jobless claims and the Philly Fed's manufacturing index survey as important data items due later today.

On Wednesday Fed chair Janet Yellen stressed the need for monetary policy to remain accommodative with low inflation and persistent slack in the economy. Though data such as industrial production and the Beige book all pointed to economic activity picking up.

USD/JPY saw some volatility linked to moves in the Japanese stock market with the government pension fund potentially looking ... Continued

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Forex markets likely to goad ECB into action

By MahiFX

Mario Draghi, the president of the European Central Bank, is probably one of the most effective central bankers when it comes to talking the markets in a particular direction – but if he wants a weaker EUR, action will have to back his words.

Recently the ECB surprised forex markets ... Continued

The Daily Score - 16 April 2014

By MahiFX

Market Summary

China's GDP growth came in at 7.4% for Q1, 2014, though the pace is slower than previous Qs, it was better than expected and this helped support AUD/USD and sentiment towards risk assets. The Nikkei 225 index rose 2.26%, but with markets in more of a risk on ... Continued

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