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CAD/CHF MAY START UPTREND AFTER CORRECTION

CANADA
  • Canada Trade Deficit Biggest in 9 Months
  • Canada's merchandise trade balance with the world posted a CAD 3.6 billion deficit in June, widening from a CAD 1.4 billion deficit in May.
  • Canada Jobless Rate Lowest Since 2008 .
  • The unemployment rate in Canada decreased to 6.3 percent in July of 2017 from 6.5 percent in the previous month and better than market expectations of 6.5 percent.
SWITZERLAND[list][/list]…
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GBP/CHF MAY CONTINUE DOWNTREND

UNITED KINGDOM
  • BoE Holds Bank Rate at 0.25% .
  • UK Economy Expands the Least in 1 Year
  • The British economy grew 1.7 percent year-on-year in the second quarter of 2017.
SWITZERLAND
  • Swiss Jobless Rate Steady at 32-Month Low in July
  • Swiss unadjusted unemployment rate stood at 3.0 percent in July of 2017, the same as in June 2017.
  • Swiss Inflation Rate Rises to 0.3% in July
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NZD/CHF MAY CONTINUE DOWNTREND.

NEW ZEALAND
  • New Zealand Holds Interest Rate Steady At 1.75%
  • The Reserve Bank of New Zealand kept its official cash rate unchanged at record low of 1.75 percent on August 9th of 2017, as widely expected.
  • New Zealand Jobless Rate Edges Down To 4.8% In Q2
  • New Zealand's unemployment rate edged down to 4.8 percent in the second quarter of 2017 from 4.9 percent in the previous period.
  • New Zealand Trade Surplus Widens In June
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USD/CHF MAY CONTINUE DOWNTREND

UNITED STATES
  • US Manufacturing Growth Slows To 9-Month Low: Markit
  • The seasonally adjusted IHS Markit final US Manufacturing PMI came in at 52 in June 2017.
  • US Factory Activity Growth At Near 3-Year High: ISM
  • The Institute for Supply Management’s Manufacturing PMI in the US rose to 57.8 in June 2017 from 54.9 in May 2017.
  • Fed Ready To Reduce Its Balance Sheet Soon
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DEU.IDX/EUR MAY SEE MORE CORRECTION.

German Index is in correction mode and it is healthy for the further rise. Germany's economic growth is progressive so Index may rise after but I expect some more correction in it as per technical indicators.
TECHNICAL ANALYSIS: GERMAN INDEX is is in downtrend on weekly and on monthly basis.
TECHNICAL INDICATORS: ALLIGATOR, DMI, AC.
WEEKLY CHART: DEU.IDX/EUR is in downtrend on weekly chart.
  • ALLIGATOR is sleeping.
  • ADX is falling.
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FRA.IDX/EUR MAY CONTINUE DOWNTREND

FRANCE INDEX may continue downtrend if ECB does not extend quantitative easing beyond December 2017.
TECHNICAL ANALYSIS: FRA.IDX is downtrend on weekly and on monthly basis.
TECHNICAL INDICATORS: ALLIGATOR, DMI, AC.
WEEKLY CHART: FRA.IDX/EUR is in uptrend on weekly chart.
  • ALLIGATOR is sleeping.
  • ADX is falling.
  • DMI+ and DMI- are in sell trend.

MONTHLY CHART: It is in downtrend
  • ALLIGATOR is awakening.
  • ADX is constant.
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EUR/JPY MAY CONTINUE UPTREND

EURO AREA
  • Eurozone GDP Growth Eases to 0.6% in Q3
  • The Eurozone economy advanced 0.6 percent on quarter in the three months to September of 2017.
  • Euro Area Inflation Rate Lower than Expected
  • Consumer prices in the Euro Area are expected to increase 1.4 percent year-on-year in October of 2017, below 1.5 percent in the previous two months.
  • Euro Area Jobless Rate Drops to 8.9% in September
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USD/JPY MAY REMAIN IN RANGE.

UNITED STATES:
  • Fed Leaves Monetary Policy Steady
  • The Federal Reserve left the target range for its federal funds rate unchanged at 1 percent to 1.25 percent during its November 2017 meeting.
  • US Factory Activity Growth Falls in October: ISM
  • The Institute for Supply Management’s Manufacturing PMI in the US fell to 58.7 in October of 2017 from a 13-year high of 60.8 in September.
  • US Manufacturing PMI Revised Marginally Higher: Markit
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EUR/USD POSSIBILITY OF RETRACEMENT

EURO AREA
  • Eurozone GDP Growth Eases to 0.6% in Q3
  • The Eurozone economy advanced 0.6 percent on quarter in the three months to September of 2017.
  • Euro Area Inflation Rate Lower than Expected
  • Consumer prices in the Euro Area are expected to increase 1.4 percent year-on-year in October of 2017, below 1.5 percent in the previous two months.
  • Euro Area Jobless Rate Drops to 8.9% in September
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NZD/USD MAY START UPTREND

NEW ZEALAND
  • New Zealand Jobless Rate Down to 9-Year Low of 4.6%
  • New Zealand's unemployment rate edged down to 4.6 percent in the third quarter of 2017 from 4.8 percent in the previous period.
  • New Zealand Trade Deficit Narrows in September
  • New Zealand’s trade deficit narrowed to NZD 1143 million in September of 2017 compared to a NZD 1388 million gap in the same month of the previous year.
  • New Zealand Inflation Jumps To 1.9% In Q3
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NZD/JPY MAY START UPTREND

NEW ZEALAND
  • New Zealand Jobless Rate Down to 9-Year Low of 4.6%
  • New Zealand's unemployment rate edged down to 4.6 percent in the third quarter of 2017 from 4.8 percent in the previous period.
  • New Zealand Trade Deficit Narrows in September
  • New Zealand’s trade deficit narrowed to NZD 1143 million in September of 2017 compared to a NZD 1388 million gap in the same month of the previous year.
  • New Zealand Inflation Jumps To 1.9% In Q3
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EUR/NZD MAY RISE AGAIN

EURO AREA
  • Eurozone GDP Growth Eases to 0.6% in Q3
  • The Eurozone economy advanced 0.6 percent on quarter in the three months to September of 2017.
  • Euro Area Inflation Rate Lower than Expected
  • Consumer prices in the Euro Area are expected to increase 1.4 percent year-on-year in October of 2017, below 1.5 percent in the previous two months.
  • Euro Area Jobless Rate Drops to 8.9% in September
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AUD/USD MAY RISE. AFTER CONSOLIDATION.

AUSTRALIA
  • Australia Holds Cash Rate Steady at 1.5% in November
  • The Reserve Bank of Australia left the cash rate unchanged at a record low of 1.5 percent at its November 2017 meeting, as widely expected.
  • Australia Trade Surplus Largest in 4 Months
  • Australia's trade surplus doubled to AUD 1.75 billion in September of 2017 from a downwardly revised AUD 0.87 billion in the prior month.
  • Australia Inflation Rate Below Expectations in Q3
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AUD/JPY MAY CONSOLIDATE FOR SOME MORE TIME.

AUSTRALIA
  • Australia Holds Cash Rate Steady at 1.5% in November
  • The Reserve Bank of Australia left the cash rate unchanged at a record low of 1.5 percent at its November 2017 meeting, as widely expected.
  • Australia Trade Surplus Largest in 4 Months
  • Australia's trade surplus doubled to AUD 1.75 billion in September of 2017 from a downwardly revised AUD 0.87 billion in the prior month.
  • Australia Inflation Rate Below Expectations in Q3
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AUD/NZD MAY CONSOLIDATE

AUSTRALIA
  • Australia Holds Cash Rate Steady at 1.5% in November
  • The Reserve Bank of Australia left the cash rate unchanged at a record low of 1.5 percent at its November 2017 meeting, as widely expected.
  • Australia Trade Surplus Largest in 4 Months
  • Australia's trade surplus doubled to AUD 1.75 billion in September of 2017 from a downwardly revised AUD 0.87 billion in the prior month.
  • Australia Inflation Rate Below Expectations in Q3
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CAD/JPY MAY RISE AFTER CONSOLIDATION

CANADA
  • Canada Jobless Rate Rises to 6.3% in October
  • Canada unemployment rate went up 0.1 percentage point to 6.3% in October of 2017, above market expectations of 6.2 percent as more young people joined the labor market.
  • Canada Trade Deficit Unchanged in September
  • Canada's merchandise trade deficit with the world totaled CAD 3.17 billion in September 2017, essentially unchanged from a CAD 3.18 billion gap in the previous month.
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AUD/CAD POSSIBILITY OF RETRACEMENT

AUSTRALIA
  • Australia Holds Cash Rate Steady at 1.5% in November
  • The Reserve Bank of Australia left the cash rate unchanged at a record low of 1.5 percent at its November 2017 meeting, as widely expected.
  • Australia Trade Surplus Largest in 4 Months
  • Australia's trade surplus doubled to AUD 1.75 billion in September of 2017 from a downwardly revised AUD 0.87 billion in the prior month.
  • Australia Inflation Rate Below Expectations in Q3
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EUR/CAD DOWNTREND MAY CONTINUE

EURO AREA
  • Eurozone GDP Growth Eases to 0.6% in Q3
  • The Eurozone economy advanced 0.6 percent on quarter in the three months to September of 2017.
  • Euro Area Inflation Rate Lower than Expected
  • Consumer prices in the Euro Area are expected to increase 1.4 percent year-on-year in October of 2017, below 1.5 percent in the previous two months.
  • Euro Area Jobless Rate Drops to 8.9% in September
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NZD/CAD MAY CONSOLIDATE

NEW ZEALAND
  • New Zealand Jobless Rate Down to 9-Year Low of 4.6%
  • New Zealand's unemployment rate edged down to 4.6 percent in the third quarter of 2017 from 4.8 percent in the previous period.
  • New Zealand Trade Deficit Narrows in September
  • New Zealand’s trade deficit narrowed to NZD 1143 million in September of 2017 compared to a NZD 1388 million gap in the same month of the previous year.
  • New Zealand Inflation Jumps To 1.9% In Q3
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USD/CAD DOWNTREND MAY CONTINUE.

UNITED STATES:
  • Fed Leaves Monetary Policy Steady
  • The Federal Reserve left the target range for its federal funds rate unchanged at 1 percent to 1.25 percent during its November 2017 meeting.
  • US Factory Activity Growth Falls in October: ISM
  • The Institute for Supply Management’s Manufacturing PMI in the US fell to 58.7 in October of 2017 from a 13-year high of 60.8 in September.
  • US Manufacturing PMI Revised Marginally Higher: Markit
CANADA[list][/list]…
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