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In the short term, the USD/CAD's dynamics will be determined by the publication of US statistics, the crude oil market and commodities data. This week, oil prices have dropped after last...
The yen has Reached its Pink Megaphone Top but would Usually Make a Higher High Before Retracing to its Blue Rising Megaphone Bottom The yen has reached its pink megaphone top but would usually make...
On Monday I suggested that we could see a break of the long-term descending channel following a strong rally last week and break of the double bottom neckline. Since then, we’ve had another...
USD weakened as dampened sentiment dominated the session as more disappointing data out of China continued to be a cause of concern for participants. Chinese CPI missed expectations (1.60% vs. Exp....
The EUR/USD is testing the September 18 lower high around 1.1470. The bears want a double top near the top of the 6-month trading range. The bulls want a breakout and then a test of the August high...
EUR/USD is even higher now, trading very close to 1.1458 level from September highs, which we expect to be broken soon, but not for long as we see price in wave 5 of C), so pair is in final stages of...
Global markets were dealt a heavy blow in Wednesday’s Asian trading session as a soft China CPI release of 1.6% y/y failed to meet expectations. The failed expectations resulted in a renewed...
Currently we are at 1.2975 after breaking the large sideways move. We are looking to continue to the Fibo S6 support area at 1.2849 with an overall target at 1.2793. The average daily true range (ATR)...
GBP/USD: GBP has revered its Tuesday losses and looks to resume its short term uptrend. On continued upside offensive it should target its nearby resistance at the 1.5400 level. On the upside,...
Forex News and Events US: Fed waits for more data The Federal Reserve are still awaiting more supportive data for a further rate hike. Today’s data, September retail sales and PPI will be...
GBP/USD – Playing for a flag break and another leg higher to target 1.55 Despite an early gain in GBP on the SABMiller (L:SAB) deal, both headline and core CPI from the UK undershot...
The forex-trading theme remains the same – the USD under pressure with risk aversion trading strategies in vogue – as FI dealers scale back their Fed rate hike expectations. However,...
Market Drivers for October 14, 2015 Cable labor data mixed but pair rallies Comm dollars turn around Nikkei -1.89% Europe -0.76% Oil $47/bbl Gold $1174/oz Europe and Asia CNY: CPI 1.6% vs. 1.8% GBP:...
GROWTHACES.COM Forex Trading Strategies Taken Positions GBP/USD: long at 1.5275, target 1.5440, profit locked in at 1.5290, risk factor * USD/CAD: short 1.3080, target 1.2730, profit locked in at...
EUR/USDOutlook: Short Term (1-3 Days): Bullish – Medium Term (1-3 Weeks): Bearish Fundamental: EUR failed to break the 1.1400 handle yesterday due to the worse than expected local macroeconomic...