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The EUR/SEK pair has formed a head & Shoulder pattern on a daily time frame. If this pattern does play out completely, it could push the price towards the 8.40 level. The pair is also trading...
Book profit on sold payer 6M5Y EUR swaption. The position was established on 25 June (link). The payer swaption was sold for a premium of 119 ticks and is now bought back for 57 ticks. Even though we...
Bulls on EUR/USD missed their chance at the beginning of the European session yesterday. The price formed an inverted head and shoulders formation and buyers managed to break the black neck line. As...
EUR/USDCurrent level - 1.2810Yesterday's slide from 1.2897 has tested 1.2750 support area and current intraday bias is slightly positive, for an attempt at 1.2840 minor resistance, en route to...
USDJPY plunged overnight on hardly any development as the technical arguments for a deeper JPY correction, though a trio of event risks lies ahead in the form of FOMC minutes, a Bernanke speech, and...
The IMF downgraded its forecast for 2013 growth for the fifth time; it now forecasts global growth at 3.1% this year, unchanged from 2012, as China and the US will grow less and Eurozone output will...
Tuesday’s forecasts went in our direction for the most part, except for one pair all others behaved close to what was thought possible, also the fast moves that we had anticipated did take...
The euro’s troubles continue, as the currency tries to find its footing against the surging US dollar. On Tuesday, EUR/USD took a tumble and fell into 1.27 territory, following comments by a...
Hopes of a run higher for GBP versus the USD were dashed yesterday by a real shocker for manufacturing production, which knocked back any recent good sentiment towards the UK. Industrial production...
EUR/USDThe euro slid to a three-month low against the dollar after an official at the European Central Bank signaled it may remain accommodative for more than a year, further diverging from policy in...
The main data release during Asian trade on Wednesday was Chinese June trade balance which came in lower at $27.1 billion from an expected surplus of $27.8 billion helping the Aussie to sell off...
As you can see from the following trade opportunity alert, USD/CAD recently broke down below the support trendline of the 4-hour Rising Wedge chart pattern identified by Autochartist. The pair is...
General Market Commentary: It’s been a solid start to the month, but we want more and the markets appear poised to deliver on several different pairs today. Take note that the FOMC meeting...
The U.S. Dollar traded remarkably higher against the Euro and the British Pound after the International Monetary Fund issued its growth forecasts for the major global economies. According to the IMF,...