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A mini Sornette Bubble on the euro is about to complete part 2 It should retrace to the area of the lumpy top soon and then either reverse into a Part 3, bigger than Part 2 or take out the lumpy...
Businesses pay nominal bilateral exchange rates. Those are what we trade. However, to understand the impact on the economy, it is best to adjust for inflation and use a broad basket of currencies that...
Talking Points EUR/USD back to moving average envelope near $1.1050. EUR/AUD triangle hints of significant bottom. The Euro is catching a bid this morning after the May Euro-Zone CPI report showed...
EUR/JPYCurrently we are at 137.61. We are looking for a continuation to the 1.618 Fibo Resistance area @ 138.46 which should produce the head of a head and shoulders pattern. The average daily true...
EUR/USDCurrent level - 1.0927 The intraday bias is neutral after yesterday's dip to 1.0886 and key resistance on the upside lies at...
GBP/USD Open 1.5473 High 1.5305 Low 1.5169 Close 1.5466 On Monday pound/dollar decreased with 50 pips. The Cable depreciated from 1.5305 to 1.5169 yesterday, in line with the negative money flow...
Talking PointsRBA Leaves Key Rate Unchanged at 2 percent as Expected Australian Dollar Pushed Higher, Climbing 0.7% vs. USD Policy Statement Maintains Neutral, Data-Dependent Tone The Australian...
GROWTHACES.COM Forex Trading StrategiesTaken PositionsEUR/USD: long at 1.0935, target 1.1140, stop-loss moved to 1.0935, risk factor **USD/JPY: short at 124.15, target 122.20, stop-loss 125.10, risk...
The USDJPY bulls made a spectacular performance in the last two weeks. The US dollar rose from 118.86 to 125.05 against the Japanese yen. But the Elliott Wave Principle suggests it could already be...
The single European currency remains under pressure: the euro has been badly affected by news from France this time. The number of unemployed increased up to a peak of 3.53 million people. An economic...
EUR Creditors draft supposed “final” offer to Greece Dollar bulls are getting an itching trigger finger Draghi takes center stage tomorrow RBA wants the Fed to do the heavy lifting One day...
Market Drivers for June 02, 2015 USD/JPY takes out 125.00 and reverses RBA Holds still Nikkei -.13%, Europe -0.63% Oil $61/bbl Gold $1187/oz. Europe and AsiaAUD: RBA Holds stillGBP: UK Construction...
The GBP/JPY pair has been rising in a strong up-trend, which remains intact and is expected to continue higher. Momentum remains strong and the exchange is above all the main moving averages. The...
Last night RBA left the rates unchanged but because there are possibilities for further easing adding to weakness in business capital expenditure in mining and non mining sector. Having a correlation...
Market Commentary Better than expected ISM Manufacturing PMI data and construction spending overnight sent the USD broadly higher. EUR/USD retreated from 1.0979 and hit a low of 1.0887 before...