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GBP/JPY Daily OutlookDaily Pivots: (S1) 149.85; (P) 150.55; (R1) 151.44;Deeper fall is expected in GBP/JPY with 151.61 minor resistance intact. As noted, recovery from 147.10 has already completed at...
The US dollar eased versus a basket of currencies on Tuesday but its losses were limited, supported by the view that the U.S. Federal Reserve is likely to be the first among major central banks to...
Movements overnight highlight the crucial role that central banks play in the currency markets nowadays. There was considerable divergence on the commodity currencies – AUD was the...
EUR/USDTrading range: 1.3055 - 1.3155Trend: UpwardBuy at 1.3068 SL 1.3036 TP 1.3145USD/JPYTrading range: 99.95 - 99.30Trend: NeutralSell at 99.82 SL 100.14 TP 99.37GBP/USDTrading range: 1.5090 -...
The EUR/USD reversed sharply from last week's lows following Bernanke's speech. The pair moved almost 400 pips straight up in just two days. However, a larger trend for the EUR/USD is still down, so...
GBP/USD Open 1.5095 High 1.5144 Low 1.5026 Close 1.5096On Monday Pound/Dollar continued decreasing with 110 pips. The Cable depreciated from 1.5140 to 1.5026 yesterday, in line with the negative money...
The Australian dollar rose against its 16 most-traded peers after policy makers said in minutes of this month’s meeting that the inflation outlook is being affected by recent currency...
Another day of rather tedious and listless movement. That may be frustrating, but there seems to be one positive that can be derived from this form of trading, which is corrective and as such should...
More economic news are expected this week, but of course the currency market will be most affected by the data and comments from central banks. We will be paying close attention to the Bank of...
30-year U.S. bonds are moving higher into a third leg of recovery, which we think its wave C of corrective retracement as discussed yesterday. In such pull-backs you will usually see a reversal back...
Monday’s forecasts went in our direction for the most part, except for two pairs all others behaved close to what was thought possible. Markets are very hard to read at the moment, we could be...
USD/JPY bounce leaves risk through 101.55 to 102.50 this weekWe highlighted last week, that whilst above 96.95, we looked for a rebound and aim “higher into this week and for extension above the...
We learned a few hours ago that Chinese economic growth over the past quarter was in line with economists' projections. The economy grew 7.5% in the second quarter, a slight dip from the 7.7% seen in...
Dollar Little Moved, S&P 500 Extends 8 Day Rally Ahead of BernankeThe dollar is facing down serious breakout potential, but the will for a serious breakout and trend development simply isn’t...
We had generated 1277 pips gain was generated for July month to date. 8 trades were closed: 7 trades won and 1 trades lost. Here are the details of my trades: 1. AUDNZD: 87 Pips Profit Previously...