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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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  • Article / Yesterday at 17:14 GMT

    Black Friday shoppers snap up US dollars

    FX Consultant / IFXA Ltd
    A blast of dollar buying crowned a choppy and drama-laden week, shortened for many by the US Thanksgiving holiday but rendered unforgettable by Turkey's downing of a Russian fighter plane. Next week's calendar is heavy with major events, above all the ECB's meeting on Thursday and Opec on Friday.
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    Hisham Boulos Hisham Boulos
    Thanks Mike, nice one as usual, BTW you seem sure of the rate hike .. and also seems to be saying it is likely the USD will...
  • Article / Yesterday at 15:45 GMT

    FX Board: USDCHF bulls throw down the gauntlet

    Head of FX Strategy / Saxo Bank
    FX Board: USDCHF bulls throw down the gauntlet
    The US dollar is looking to finish the week with a flourish, pushing back against the upstart commodity currencies today and bashing to new five-year highs against a struggling Swiss franc as December looms with the tantalising central bank policy divergence story.
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  • Article / Yesterday at 15:30 GMT

    FX 4 Next Week: Draghi to keep EURUSD headed south

    Head of FX Strategy / Saxo Bank
    FX 4 Next Week: Draghi to keep EURUSD headed south
    The US dollar climbed across the board on Friday, setting new highs against the Swiss franc in particular. Next week brings several major events, most importantly the ECB's policy meeting on Thursday, which is expected to roll out new easing measures. All this adds up to further downside to EURUSD.
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    fxtime fxtime
    Perhaps a precautionary level to watch is for a break of 1.01400 as a GTC short? eg a break of this current week trading low incase we...
    Shazi Shazi
    John j hardy this week euro usd up
    Shazi Shazi
    John j hardy 3 dec meeting what u think about euro usd
  • Article / Yesterday at 14:37 GMT

    WCU: Oil market turning attention to Opec and Saudi Arabia

    Head of Commodity Strategy / Saxo Bank
    Hedge funds have accumulated the first net-short across key commodities and following six weeks of continuous selling the sector paused ahead of several critical event risks over the coming weeks. Continued focus on oversupply ahead of the December 4 Opec meeting kept oil under pressure, industrial metals received a boost from talk of Chinese production cutbacks while a rising dollar added further misery for precious metals.
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  • 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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