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Daily Automate trades with Mirror Trader and see ideas on other USD crosses -“The wedge objective has been reached as has the 2010 low at .6560. The next levels to be aware of are .64 (61.8%...
Daily Automate trades with Mirror Trader and see ideas on other USD crosses -“June’s AUDUSD range (3.4%) was the smallest monthly range since October (3.05%). In fact, the intermonth plots...
Daily Automate trades with Mirror Trader and see ideas on other USD crosses -“EURUSD has broken support from the slope that extends off of the March and May lows. Near term focus is on the line...
Yesterday began well but ended without the dollar rallying. This also required quite a significant adjustment to the structures of several pairs – in particular GBP/USD, EUR/JPY and to a lesser...
Overnight the Bank of England voted 1-0-8 (increase-decrease-hold) as expected and kept interest rates on hold at 0.5%.Taking a wait-and--see approach was the preferred option as the bank lowered its...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. Central Banks Step Up Verbal/Physical Intervention GBP: BoE Not as Dovish as we Fear AUD Soars on Rise in Employment CAD Lifted...
Q:Does shorting the yen at the end of October a the USD shifts its seasonal tendencies look like the next best investment? A: The yen's flow of leverage, while bullish since 2013, is aging rapidly....
Each major Forex cross remains in its 3-week trading range, all of which remain in breakout mode. Which means that day traders expect a move of hundreds of pips soon, even as bulls and bears are in...
Currently the AUD/JPY pair is at 85.55 in a well-defined range. We are looking for a continuation to the 0.500 Fibo support (and range top) area at 87.44. The average daily true range (ATR) for the...
Since the opening of the European session, the USD continues strengthening against the euro. The euro, however, is falling against the British pound. Today at 2 pm (GMT+3), the Bank of England is...
When China engineered a mini-devaluation of the yuan in August, it succeeded in closing the prior gap between the fix (central reference rate) and the spot onshore yuan. One of the prices of doing so,...
With earlier USD/JPY gains taken back and a bull pressure now seen, a move further higher towards the 122.00 level could occur. On the upside, resistance resides at the 122.00 level with a turn above...
The USD/CHF pair has been trading in a consolidation pattern as we can see on the chart, but recent higher low has made another channel inside consolidation pattern. That channel looks like a...
As we know, the tide turns quickly in forex markets and from the peak of bullish market sentiment only two months ago, GBP has since been laid aside and investors have scaled back their expectations...
S&P cuts Brazil’s credit rating to junkOnly six weeks after lowering Brazil’s investment grade outlook to negative, Standard & Poor’s cut Brazil’s credit rating to BB+...