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  • Squawk / 8 hours ago
    Senior Analyst /
    Saint Vincent and the Grenadines
    Weekly Trading Forecasts on Major Pairs (November 30 – December 4, 2015)

    Dominant bias: Bearish
    EURUSD only consolidated to the downside last week, in the context of a downtrend. There are resistance lines at 1.0750 and 1.0800, which could check rally attempts. There are also support lines at 1.0500 and 1.0450, which are the targets for bears, since further bearish movement is possible. Any rally attempts that happen in the market should be taken as false breakouts. It is expected that the Euro would be weak in December, and so EUR pairs would be bearish in most cases.

    Dominant bias: Bullish
    This pair managed to go upwards by an addition of 100 pips last week – in solidarity with the extant bullish bias. Since the great psychological level at 1.0000 has been breached to the upside, price has moved northward by 300 pips, testing the resistance level at 1.0300.

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  • Calendar event / Yesterday at 16:59 GMT

    US Vringo

    Low Vringo Inc effective date for 1-for-10 reverse stock split
  • Article / Yesterday at 13:45 GMT

    Slow news day breeds conspiracy theories

    Director / Accumen Management
    United Kingdom
    Slow news day breeds conspiracy theories
    This morning's FX market price action left many aghast. Explanations for the burst of dollar buying run to the conspiracy theory category, but month-end programme buying is likely at the heart of it. Nonetheless EURUSD and Cable are retesting recent lows.
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  • Editor’s Picks / Yesterday at 13:13 GMT

    UK to outspend US over the holidays: ING poll

    A new survey released by ING indicates that Britons are preparing to outspend their US counterparts this holiday season. According to the polls, the UK tops the 14-country "Christmas Spending League" with the average Brit planning to spend $440 this holiday season (the average American is looking to drop $382 on holiday-related purchases). According to ING's Martha McKenzie-Minifie, "the fact that Thanksgiving and the Black Friday sales are so close to Christmas could well contribute to the [result]". At the bottom of the league? Germany, Australia, Ialy, and Spain, where consumers are planning $200 worth of holiday shopping.
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  • Calendar event / Yesterday at 10:59 GMT

    NO Polarcus

    Low Polarcus ex date for 10-for-1 reverse stock split