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The USD/JPY is facing the ultimate crossroads, as sellers start to line up against the pair ahead of trading this week, and the risk of a collapse towards the key 105.00 handle now becomes likely....
Interesting, price gap on crude oil did not impact the EUR/USD which is still consolidating from 1.1230 low. Pullback is now getting higher and more complex so we are wondering if that’s already...
This week the scorecard recommends buying SEK, NOK and CHF while selling NZD, CAD and AUD.Last weeks signals resulted in a 0.4% loss. Next scorecard signals will be sent out on 25 April. To read the...
EUR/USD is flat on Monday, continuing the lack of movement which has marked the pair since late last week. With no major releases out of the Eurozone or the US, it could remain an uneventful day for...
The AUD/USD surged higher and tests near the major resistance level 0.7740 as China’s GDP meets forecast. The AUD/USD needs a candle above 0.7745 to regain its momentum and to open an uptrend...
London Forex Report: Disappointment over failure to reach an agreement on oil production freeze by the world major oil producers at a meeting over the weekend had pushed oil prices back down below the...
GBP/JPY Daily OutlookDaily Pivots: (S1) 153.86; (P) 154.58; (R1) 155.09; GBP/JPY dips sharply today but stays above 151.64 temporary low. Intraday bias remains neutral first. In case of another...
The EUR/USD is treading water ahead of Draghi’s conferenceThe EUR/USD was trading a leg lower as equity markets rallied, awaiting Draghi’s conference this week. Although inflation is weak,...
Market sentiment turned sour on Monday after talks on Sunday between 18 OPEC and non-OPEC countries taking part in negotiations to freeze output failed to produce an agreement. A deal was scuppered...
Yesterday’s Trading: Economic data from the US on Friday was ambiguous, allowing the euro/dollar to rise to 1.1316. The New York business activity index exceeded expectations. The index for...
Following the weekend Doha meeting where oil producers failed to reach an agreement, the markets opened today with risk off the table. Yen gained sharply while the reaction was muted in EUR/USD and...
We now think that the probability of the Riksbank expanding and extending its current QE programme at its monetary policy meeting next week (Thursday 21 April at 09.30 CEST) has fallen below 50%. The...
EUR/USD strong resistance at 1.1305/15 is the most important of the day and holding keeps the pressure on for 1.1289/85 then strong support at 1.1250/40. This could hold the downside today, but longs...
UK Retail Sales should provide some volatility for the sterling as market remain indecisive over the upcoming referendum and recent bout of USD strength. I’d recommend to follow the trade plan...
ECB Interest Rate is done in 2 parts, first with the rate decision at 7:45am then followed with a press conference at 8:30am. Current market is expecting ECB to keep policy unchanged as recent rate...