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The pound has posted gains on Tuesday, as GBP/USD is trading in the mid-1.51 range. In the US, as there was just one indicator on the calendar. NAHB Housing Market Index showed little change, with a...
Talking Points Potential double bottom Multi-year channel support in place Above 15268, resistance at 15425-15500 Cable is attempting to carve out a double bottom near major long-term support. Support...
Quantitative Easing is bad for currencies, right? By definition, QE is a policy that seeks to stimulate the economy by increasing the monetary base, or supply of money, in an economy, and as we all...
Talking Points: GBP/AUD bouncing off channel support 18750 looks possible in days ahead if today's rally holds 18340 critical level (today's low) This morning, GBP/AUD is bouncing off multi-month...
The yen declined for a third day versus the dollar as a report showed China’s economy grew faster than analysts estimated, damping demand for haven assets.The Japanese currency fell against all...
USD/JPY Following a hawkish article from Fed Watcher Hilsenrath last night stating that the Fed is on track to hike rates in 2015, USD/JPY has been bid throughout the European session, despite briefly...
Currently we are at 1.1589. We are looking for a break down here and then continuation to the 1.618 Fibo support area @ 1.1466 with an overall target @ 1.1341. The average daily true range (ATR) for...
GROWTHACES.COM Forex Trading Strategies:Taken Positions:EUR/USD trading strategy: short at 1.1590, target 1.1375, stop-loss 1.1665USD/CAD trading strategy: long at 1.1880, target 1.2200, stop-loss...
EUR/USDCurrent level - 1.1578 Yesterday's initial test of 1.1650 failed, but my outlook here remains bullish, for a break through the mentioned level and rise towards 1.1750...
EUR/USD continues to show little movement this week, as the pair trades at the 1.16 line on Tuesday. On the release front, German ZEW Economic Sentiment jumped to 48.4 points, well above expectations....
• We expect the ECB to surprise the market on Thursday • EUR/USD is likely to fall further on ECB QE and re-pricing by Fed • We sell EUR/USD for a 1.0900 target; stop at 1.1940 Strategy...
Forex News and Events The FX markets remain focused on Thursday’s ECB meeting. As expectations for a sizeable ECB operation keep the EUR-complex under decent selling pressure, the surprise...
Market BriefThe USD was better bid against its G10 and EM peers in Asia, the risk appetite remains moderate. The Chinese GDP grew at the pace of 1.5% in 4Q, missed already weak market estimates (1.7%...