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GBP/USD closed on Thursday below the important support at 1.5050 formed by the line connecting 2010 and 2013 lows.The Bank of England, as many other central banks, has changed its tone to a more...
EUR/USD - Weekly Report The pair is trading below 1.1200 confirming our previously suggested negative expectations, and holding below this level is negative and supports further bearishness. The...
The Aussie dollar was one of those currency pairs which finally capitulated and gave up the fight, as the US dollar juggernaut continued to flatten anything which stood in its path. Until last week,...
GBP/JPY Daily OutlookDaily Pivots: (S1) 175.59; (P) 177.04; (R1) 177.95; Despite a brief breach of 175.86, GBP/JPY quickly recovered. Intraday bias stays neutral as current consolidation might...
Talking Points: Euro Shrugs Off Initial Selling Pressure Following Greece Election Outcome German IFO to Pass with Little Fanfare on Limited ECB Policy Implications Aftershocks following the...
The EUR/USD is continuing to show nothing but one-way traffic sending its price lower, with it also appearing to look like there is no U-turn in sight anytime soon. The Eurodollar recorded yet another...
EUR/USD The euro started the week with gap-lower opening, as expected, according to the results of Greek elections, which increase pressure on the single currency, already weakened by recent SNB and...
EURUSD – Likely More Bearish w/Greece Vote (4hr chart) On the heels of the anti-euro/austerity party winning the vote in Greece, the Euro was already under massive pressure post ECB QE...
Talking Points: US Dollar Technical Strategy: Holding Long Support: 11772, 11715, 11584 Resistance:11888, 11983, 12077 The Dow Jones FXCM US Dollar is testing pivotal resistance marked by a peak...
Talking Points:USD/JPY Technical Strategy: Flat Support: 117.64, 115.48, 113.51 Resistance: 119.48, 120.82, 121.91 The US Dollar advanced against the Japanese Yen as expected after putting in a...
Talking Points:EUR/USD Technical Strategy: Flat Support: 1.1123, 1.0992, 1.0830 Resistance:1.1254, 1.1416, 1.1516 The Euro is working on clearing a path below the 1.10 figure against the US Dollar as...
EUR/USDThe euro dropped in early Monday as Greece's anti-austerity Syriza party won the country's snap national elections Sunday, according to the first official projections from Greece's Interior...
Because this is the first quarterly release for the fourth quarter of 2014, we are likely to see plenty of market reaction especially considering the jobs market, retail sales, and the housing sector...
CA GDP is expected to come in negatively at -0.1%, considering BOC’s recent action in cutting interest rates and the fact crude oil prices keep on dropping, today’s GDP is more likely to...