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Currently we are at 1.4854. We are looking for a continuation to the Slope support area @ 1.4760 with an overall target @ 1.4605. The average daily true range (ATR) for the pair currently is 132...
Minutes ago, the Bank of England announced that overnight interest rates would remain unchanged. The market dropped over 100 pips on the announcement, as the chart below shows. On the daily chart,...
Talking Points:BoE to Unleash Rate Decision, MPC Minutes, Inflation Report Simultaneously British Pound Post-BoE Bias May Favor Upside on Hawkish Turn in Guidance The Bank of England is firmly in...
Cable is anticipating BOE by going precisely nowhere! All we can say is the 1.5550 region represents strong support and is also where have the 200 ma. The pair has been rotating around the VPOC (the...
GROWTHACES.COM Forex Trading StrategiesTaken PositionsUSD/JPY: long at 123.70, target 125.80, stop-loss moved to 124.30, risk factor *Pending OrdersEUR/USD: sell at 1.0950, target 1.0750, stop-loss...
Data released from the US is mixed, ADP employment number of July increases 1.85 million, hitting a new low since April. July’s ISM Non-Manufacturing Index is 60.3, higher than the expected 56.2...
EUR/USDCurrent level - 1.0916 The intraday bias here is neutral, as the pair is struggling below 1.0930 resistance. Crucial on the upside is still 1.0985 and initial major support is projected at...
Market Commentary USD whipsawed on mixed data; weak ADP jobs data countered by big ISM (Non-manufacturing) beat. Bund blowout sends yields up; Euro stocks climb to two week highs; US rate market sees...
Why Is This Event Important:However, bright signs coming out of the U.K. economy may ultimately spark a dissent within the Monetary Policy Committee (MPC), and the pound-dollar may continue to retrace...
Talking Points:US Dollar Technical Strategy: Holding Long via Mirror Trader Basket Support: 11985, 11937, 11898 Resistance: 12043, 12149, 12204 The Dow Jones FXCM US Dollar continues to grind against...
Talking Points:EUR/USD Technical Strategy: Flat Support: 1.0856, 1.0814, 1.0740 Resistance: 1.0980, 1.1037, 1.1128 The euro is attempting a tepid recovery from five-month trend line support following...
Talking PointsVolatility, like leverage, is a double-edged sword for investors FX volatility more consistent than stocks, implied readings show Realized volatility lower in FX vs. Treasury bonds,...
USD/JPYUSD/JPY has reached one of our previous suggested technical targets at 125.00 where it met a psychological level. The mild retrace from this level makes us neutral over intraday basis despite...
GBP/JPY Daily OutlookDaily Pivots: (S1) 193.62; (P) 194.42; (R1) 195.64; At this point, we're still treating rebound from 184.95 as part of a consolidation pattern from 195.86. Hence, we'll be...
The GBP/USD pair is trading in a side way pattern on a 4 hour time frame. The price is also trading in a very small range and the price is trading close enough to its 20 day moving average....