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  • Calendar event / 2 hours ago

    EU Retail trade

    forecast
    actual
    Med Retail Sales, M/M%
    -0.1%
    -0.5%
    Med Retail Sales, Y/Y%
    +2.1%
  • Squawk / 6 hours ago
    Business analyst
    United Kingdom
    GBPJPY

    The secondary trend of GBP/JPY is bullish on charts and price is trading above the trend line in its hourly chart. In hourly chart the price is sustaining below 200 day SMA and taking support of 50 day SMA on the upside indicating uptrend of the pair.
    Resistance level of 156.10 and Support level of 154.90
    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.

    INDICATORS:-
    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/JPY 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.
    Read the Squawk
  • Article / 6 hours ago

    3 Numbers: Eurozone retail sales on track to dip in today's March data

    editor/analyst / CapitalSpectator.com
    United States
    3 Numbers: Eurozone retail sales on track to dip in today's March data
    Eurozone sentiment data points to a slide in today’s hard data for retail spending in March, testing optimistic views about the potential for consumers to drive growth in the single currency area. In the US, the ADP estimate of private payrolls should deliver encouraging news at the start of the second quarter. And in forex markets, contrarians are watching for a reversal, but the slide in the US dollar against the yen is still rolling on.
    Read the article
  • Squawk / Yesterday at 21:19 GMT
    -
    United Kingdom
    W18 #FX daily update:
    #CHF 0.85 %▲
    #EUR 0.78 %▲
    #USD 0.47 %▲
    #JPY 0.12 %▲
    #GBP 0.08 %▼
    #NZD -0.43 %▼
    #CAD -0.86 %▼
    #AUD -1.0 %▼
    #MOFuturesFX
    Read the Squawk
  • Squawk / Yesterday at 16:34 GMT
    Hypothesis Testing
    United Kingdom
    Update on a prior strategy.
    This time for FX pairings and I have opted to give the lowest profitable result which happens to be the cable.
    Overall 610pips is the NET profit so say you traded a basic £10pp you would now be £6100 in profit. Remember the data assumes you only take the bare minimum of targetted points suggested where as a simple strategy of halving your trade and tightening the stop to b/e would have earned you far more.
    https://www.tradingfloor.com/posts/trading-a-break-in-highly-liquid-markets-7085684
    Read the Squawk
    3h
    thewickedwiz thewickedwiz
    yes
    I agree but will this not be highly deflationary!(a stock market crash)
    Would the USD not at that stage become the safe haven at some stage?
    I wonder if...
    3h
    kom75 kom75
    fxtime, just have seen your advice. Appreciate
    3h
    fxtime fxtime
    Wickedwiz great overview....much appreciated. My concern about the dollar is that it is losing its cache as safe haven status. Other world economies are already heavilly invested...
  • 15h
    BullionGuide BullionGuide
    Your bullish rhetoric for the U.S. dollar is laughable. a correction in the price of the U.S. dollar was expected and that is all it was...