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The trading plan for Friday, October 9, was prepared and released before the end of the US trading session on Thursday, October 8.Traders await the release of the Federal Reserve’s September...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.FX Traders React to Surprises from Central BanksThe U.S. dollar traded lower against all of the major currencies after the FOMC...
The Yen Confirmed a Rising Megaphone (Orange) Overnight The yen confirmed a rising megaphone overnight. It’s may break out downwards from the formation now and retrace to its bottom before a...
EUR/USD pares early gains following ECB release ECB minutes state downside risks for inflation have risen US jobless claims data place a question mark over NFP growth The EUR/USD was in an ebullient...
GBP underperformed FX markets after the BoE took a more pessimistic view on UK inflation prospectsHeading into the opening stages of European trade, commodity linked currencies underperformed amid...
Dollar vulnerability continues to take centre stage within the global currency markets. Sentiment remains bearish for the USD and this may be reflected on the Dollar Index which has declined to a new...
The EUR/USD and USD/JPY remain in extremely tight trading ranges on the daily charts. Day traders have been mostly scalping for 10 – 30 pips, and many of the 10 pip scalps are with limit orders...
Canadian dollar strengthened following GDP report last week indicating Canadian economy continued expanding after contracting in the first half of 2015. Labor market report on Friday is expected to...
The poll of private economists by Reuter’s agency showed they expect ECB to increase the size of quantitative easing in the forthcoming 6 months, which will push the euro down. Now the weak euro...
GBP/USD is little changed on Thursday, as the pair trades just above the 1.53 line in European trading. The pound has enjoyed a strong week, buoyed by a strong Manufacturing Production report on...
BoE to remain on holdIt is widely expected that the Bank of England’s MPC will vote 8-1 in favor of no change in interest rates or adjustment to target asset purchases. With the next Inflation...
EUR/USDOutlook: Short Term (1-3 Days): Bullish – Medium Term (1-3 Weeks): BearishFundamental: EUR eased slightly as German industrial output and French imports slumped, raising growth concerns...
Less than a month ago, on September 16th, we published “The EUR/CAD Saga Continues”, saying that “the exchange rate is likely to plunge below the 1.46 mark again.” We thought...
Data for August published today in Germany showed a reduction in both imports and exports. However, it barely affected pair’s dynamics as the EUR/USD strengthened. Today attention needs to be...
GROWTHACES.COM Forex Trading StrategiesTaken PositionsEUR/USD: long at 1.1220, target 1.1400, profit locked in at 1.1230, risk factor ** EUR/USD: Watch FOMC Minutes(stay long for 1.1400)The USD is...