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Article / 2 hours agoThe euro's broad strength is easing off as the G10 small currencies finally fight back. Elsewhere, the yen is charging hard again as USDJPY and EURJPY push down near key pivot levels.Read the article
Calendar event / 2 hours ago
US Existing Home SalespreviousforecastactualMed Existing Sales5.39M5.4M5.48MMed Existing Sales, M/M%+0.7%+0.2%+2%Med Unsold Homes Month's Supply4.23.9Med Median Price (USD)245100247000Med Median Home Price, Y/Y%+4.2%+5.5%
Squawk / 5 hours agoBounce On EURUSD Suggests More Upside by Gregor Horvat
EURUSD has turned up in the last two weeks; it broke above the channel resistance line that normally confirms a previously completed move; in our case that was finished a-b-c decline from September high.
As such, it seems that wave four on a daily time frame came to an end about we talked a lot in the past which means that more gains may follow now within higher degree wave five, so any short-term weakness can only be a correction. We are tracking sub-wave two that may find support now at 1.1660-1.1720 area.
For the full analysis go here:
Video / 8 hours ago
From the Floor: US, EU and Chinese data pointing higher — #SaxoStrats#SaxoStratsUS leading indicators rose to their highest level since May 2015 in October, and Eurozone and Chinese data are looking strong as well. While some investors may be worried about asset (and particularly equity) prices, Saxo Bank's Peter Garnry says the global macro landscape looks solid.
Video / 9 hours ago
Why I'm looking to buy EURGBP: ColemanIan Coleman - First 4 TradingIan Coleman of First4Trading.net explains in a technical analysis of charts why he is trading EURGBP. Coleman is looking to buy EURGBP at a dip to 0.8835 or at a break to 0.8890. His stop is 40 pips from entry and his targets are 0.8950 and 0.9080.
Article / 9 hours ago
FX Update: EURUSD bulls under pressureThe recent EURUSD rally was driven far more by euro strength rather than USD weakness, and that rally needs a follow up move higher posthaste to maintain bullish hopes. Bears are hoping that German election uncertainty will sideline the single currency after its recent bout of strength and that a fresh move higher in US yields can extend.Read the article
Article / 9 hours ago
Morning Markets: Focus on Merkel and UK dataWith Angela Merkel's political future still hanging in the balance, markets will focus today on the ongoing efforts to form a German government as well as on a slew of British data that will provide an update on the increasingly troubled UK economy.Read the article
Calendar event / 10 hours ago
CH Trade BalancepreviousforecastactualMed Exports, Y/Y%-0.5%+2.3%Med Imports Y/Y%+1.4%-2.5%Low Exports (CHF)18.5B19.5BLow Imports (CHF)15.6B17.1BLow Trade Balance (CHF)2.9B2.4B
Trade view / 10 hours agoDay trade/Sell
Bearish hammer points to further downside for EURUSDAlthough EURUSD's fall yesterday stalled at the 13/100-day moving average area and last Tuesday’s Marabuzo line, our immediate studies continue to point lower.Read the Trade View
Article / 16 hours ago
Morning Report APAC: Asian markets advance on positive overseas leadAsian markets were higher in early trade following the positive lead set by the US last night, with the Nikkei up by more than 1%.Read the article