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  • Squawk / 11 hours ago
    Senior Analyst /
    Saint Vincent and the Grenadines
    Weekly Trading Forecasts on Major Pairs (May 2 - 6, 2016)

    Dominant bias: Bullish
    The EURUSD moved upwards 230 pips last week – an action that has resulted in a Bullish Confirmation Pattern in the 4-hour chart. The resistance line at 1.1450 has been tested and it would be breached to the upside, as price targets other resistance lines at 1.1500 and 1.1550. However, the month of May 2016 would be challenging for bulls because EUR would be weak in some cases. There is an exception of course, like EURAUD, because AUD would be weak against other currencies in May.

    Dominant bias: Bearish
    This pair merely went in the opposite direction to EURUSD. Price dropped 220 pips and later closed below the resistance level at 0.9600. There is now a bearish outlook on the market and further southwards movement is possible this week, Bears might push the pair towards the support lines at 0.9550 and 0.9500.

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  • Squawk / Yesterday at 21:29 GMT
    Managing Director / Technical Research Limited
    New Zealand
    The US dollar has closed on its lows in New York trading, with USDJPY at 106.30. The odds of a rate hike by the Fed at their June 16 meeting have dropped to 12%. not helped by today’s PCE price index numbers (the Fed’s inflation benchmark) showing the rate of increase declining in both the headline and core categories (see chart below).

    The price action in USDJPY suggests a tough start to the week in Japan’s markets after Friday’s holding. FX traders will be watching for signs the Bank of Japan is “checking prices” for possible intervention. However, that’s unlikely at this stage. More on the Japan situation here
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  • Article / Yesterday at 14:30 GMT

    FX 4 Next Week: Yen flight hitting turbulence at the heights

    Head of FX Strategy / Saxo Bank
    FX 4 Next Week: Yen flight hitting turbulence at the heights
    This week saw one of the largest Japanese yen moves in market history, a move that we respect and suspect could extend at least marginally next week. Elsewhere, we look at commodity currency plays via AUD and NOK and suggest that a close above 1.1400 in EURUSD could lead to further gains versus a frozen Fed and captive USD.
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  • Squawk / Yesterday at 7:57 GMT
    Business analyst
    United Kingdom

    The secondary trend of GBP/AUD is bullish on charts and price is trading above the trend line in its hourly chart. In hourly chart the price is sustaining above 200 day SMA and taking support of 50 day SMA on the upside indicating uptrend of the pair.
    Resistance level of 1.9235 and Support level of 1.9045
    If it breaks its resistance level on the upside and sustains above it then we can expect it to show further bullish movement in the pair.

    MACD is sustaining in its positive territory indicating the bullish trend in the pair.
    RSI is sustaining in its buying zone indicating the upcoming bullish trend in the pair.

    STRATEGY: GBP/AUD is looking bullish on charts for next few trading session. One can go for buy on lower level strategy for this pair for intra day to mid term positions in it.
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  • 1d
    swift swift
    I am following you on short NZD/USD , is the trade still on ?
  • Trade view / Yesterday at 5:58 GMT
    Day trade

    AUDUSD's bounce an opportunity to short

    partner and technical analyst / 3 c analysis
    United Kingdom
    A weekly bull trend is fairly close by for AUDUSD at 0.7480 and this may be encouraging bulls back to the market. However similar to yesterday morning, there remains a bias to sell into any strength.
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  • Article / Thursday at 13:00 GMT

    Goldilocks and the three currency bears

    Head of Trading / The ECU Group plc
    United Kingdom
    Goldilocks and the three currency bears
    The US Federal Reserve, the Reserve Bank of New Zealand and the Bank of Japan all judged that the current growth and inflation backdrop is neither too hot, nor too cold. Their inaction reinforces a picture of central banks increasingly reaching the limits of monetary policy and of currencies playing a growing (if unspoken) role.
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    JakubSzalaFX JakubSzalaFX
    "through this low growth may well be above the current "potential growth""

    Interesting how the economy structure has changed after the crisis.

    Growth trend smoothing, due to unconventional...