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  • Squawk / 3 hours ago
    Founder, Owner, Director / Market Chartist
    United Kingdom
    A negative EURUSD outlook, but GBPUSD is indecisive (with a downside bias)

    A restoration of a US$ Dollar strength from late November and into early December against many of the Major currencies.
    This has been driven by progress of US tax reform legislation and a broader “risk on” outlook on markets in to year-end.
    For EURUSD, we see a broader range environment, defined by 1.1553 and 1.2089, but with the asymmetrical bias to the downside.
    GBPUSD is also in a wider, non-trend range, seen as 1.3026 and 1,3658. Despite recent gains into Brexit negotiations and progress, more recent price action switches the immediate bias back to the downside.
    Read the Squawk
  • Squawk / 3 hours ago
    Founder, Owner, Director / Market Chartist
    United Kingdom
    USDJPY and USDCAD aiming higher

    A renewal of a positive US$ Dollar tone into early December against most G10 currencies, with US tax reform legislation moving forward and with a general “risk on” trading environment resuming.
    The US Dollar rallied into the November US Employment data release at the start of December (on the 8th) and stayed resilient through the posting of this data.
    For both USDCAD and USDJPY this sets the bias for further upside challenges to resistance into mid-December and through the holiday season into year-end.
    USDCAD aims above the key peaks at 1.2909/15/17 towards 1.3347 and 1.3550.
    USDJPY targets the key 114.73 peak, possibly for 115.50/63 and maybe 118.65, the late 2016 cycle peak.

    See the full analysis with video here:
    Read the Squawk
  • Article / 4 hours ago

    FX Update: NZD rises on new RBNZ head, lame duck FOMC up Wednesday

    Head of FX Strategy / Saxo Bank
    FX Update: NZD rises on new RBNZ head, lame duck FOMC up Wednesday
    This week's economic calendar is chock-a-block with central bank meetings and CPI data, but the FOMC and ECB meetings on Wednesday and Thursday respectively may offer little in the way of surprise scenarios. Elsewhere, sterling is offered on aggravating wait for post-Brexit trade talks to begin, while the kiwi has surged on the appointment of a new RBNZ head.
    Read the article
  • Article / 5 hours ago

    Morning Markets: Bitcoin futures steal the show

    Senior Editor / Saxo Bank
    Morning Markets: Bitcoin futures steal the show
    Asian market sentiment was optimistic today after Wall Street headed higher in the wake of upbeat nonfarm jobs data. Such gains, however, struggle to attract attention at a time when the launch of Bitcoin futures trading saw prices spike 25%, triggering two circuit-breaker halts, while massive volumes sparked delays.
    Read the article
  • Calendar event / 6 hours ago

    NO CPI

    High CPI, M/M%
    High CPI, Y/Y%
    Med CPI-SA, After Tax, Excl Energy, M/M%
    Med CPI-SA, After Tax, Excl Energy, Y/Y%
  • 6h
    Madjid Madjid
    Have a happy christmas and new year KVP, my hat off to you about the Bitcoin call. see you next year
    Market Predator Market Predator
    Hello KVP, thanks to you and wing men for Macro Monday format in 2017. All the best in 2018.
  • Trade view / Yesterday at 23:47 GMT
    Short term

    Recovery structure in play for USDJPY

    Managing Director / Technical Research Limited
    New Zealand
    This week's Senate election and the FOMC meeting could impact USD. Meanwhile the USDJPY chart shows a bullish Elliott Wave recovery structure. There is support at ¥113.30/¥113.15 and ¥112.85/¥112.50, and upside potential for a move toward ¥114.70 and ¥118.60.
    Read the Trade View
    Morten Olby Morten Olby
    Thanks for the call Max. Any thought on how to play AUDNZD think the sell-off might be useful for some longs?