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Saxo TV / 19 minutes agoConcern over the Ukrainian crisis may be cooling the market’s bullish sentiment, but Alan Collins is hoping to take advantage of this limited profit taking as he expects the pound to continue to rise against the dollar.
Editor’s Picks / 31 minutes ago
Investors show nerve on Ukraine worriesThe Wall Street JournalRelations between Russia and the West are at a low point not seen since the Cold War and Ukraine's economy is close to meltdown. Investors are increasingly talking of geopolitical risk as a threat. But so far, they aren't putting their money where their mouth is.Read article on The Wall Street Journal Go to post
Squawk / 46 minutes agoGold has been on the defensive during Asian trading following a very ugly day yesterday. The news that Ukrainian forces had launched special operations and Putin's warning about a civil war only helped to stabilize the price and not attract new buying. For now the market is back in neutral after the positive sentiment built up over the past week was wiped out in a matter of minutes. The change in sentiment has been driven by improved US economic data this week but also a report from the World Gold Council yesterday did some damage as it estimated that China may have 1,000 tons of gold tied up in trade financing deals. This puts into doubt the future demand from China should the government intensify its attempt to crackdown on using commodities to raise finance. Resistance is today's pivot at 1304.6 followed by 1313. Support at 1293 and 1282
Squawk / 55 minutes agoI have 1.3830-35 as resistance worthy of note in EURUSD and after the "Evening Doji Star" formation on the daily chart that formed either side of the weekend I'd say playing it to the short side could be the way to go today...
Squawk / 1 hour agoAUDUSD dip to try to hold .9305/00; April bull risk to .9535/40 target
AUDUSD bull pressures intact as modest support holds.20
• A setback within the current digestion range to nudge below modest rebound support at .9370/65, but whilst above a better foundation at .9305/00 and critically .9205, we see bullish pressures intact through mid-April.
• We do see risk for a dip towards .9305/00 on Wednesday, but look for a base from here to push higher through the Easter break.
• We see the April threat to .9535/40 retrace/ chart targets with overshoot risk is now higher, to .9625/30.
WHAT CHANGES THIS?
• Below .9300 eases bull risks; we only see a shift to negative below .9205/00.
Please see full report with levels and latest audio-visual analysis here: http://members.marketchartist.com/Daily/AUDUSD.pdf
Trade view / 1 hour agoShort term
EURJPY — end to lower daily highs signals improving sentimentApril's selling has stalled at to 50-day and 100-day average rates, but more importantly at a rising trend of higher weekly lows. Today's improving sentiment has ended a sequence of lower daily highs and this is positive and is pointing signals higher.Read the Trade View
Squawk / 1 hour agoEURUSD and GBPUSD paralyzed in range environments; we see bias for 1.3745/40-1.3905/10 & 1.6625-1.6800 to contain Wednesday (this week?)
Trade view / 1 hour agoShort term
EURUSD — A break of resistance and we look for higher levels todayOur bias is mildly bullish but a clear break of 1.3823 (bespoke resistance) is needed to take the pair higher today.Read the Trade View
Squawk / 1 hour agoGood morning Europe, happy trading
Editor’s Picks / 1 hour ago
Should drug deals and prostitution be included in GDP?The WeekBritain will see a boost in measured economic activity later this year when activities previously never measured — specifically, drug dealing and prostitution — are incorporated into the measure.Read article on The Week Go to post
At first the changes will only include U.K. production of cannabis, drug smuggling, and prostitution, but it is expected that off-the-books employment, black market gambling, software piracy, and sales of stolen goods will also eventually be included.