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  • Squawk / Yesterday at 10:45 GMT
    Senior Analyst / Tallinex.com
    Saint Vincent and the Grenadines
    Weekly Trading Forecasts on Major Pairs (March 30 – April 3, 2015)
    GBPUSD
    Dominant bias: Bearish
    The movement on Cable for the last week was flat, and should the market remain flat for this week, the overall bias would turn neutral. The recent bias is bearish and the current price action shows a serious tug of war between the bull and the bear. For the price to move seriously (to go out of balance), either the bull or the bear must dominate, for price will remain flat as long as the bull and the bear appear to have equal strength. Whether this week or next week, there would be a rise in momentum, which may force the price below the accumulation territory at 1.4750 or above the distribution territory at 1.5050. However, it is more likely that Cable would rally, meaning that the expected increase in the momentum will likely favor buyers.

    Source: www.tallinex.com
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  • Article / Friday at 18:00 GMT

    FX 4 next week: Uncertain times for the US dollar

    Head of FX Strategy / Saxo Bank
    Denmark
    FX 4 next week: Uncertain times for the US dollar
    Unsettled times for the US dollar after a rejection of big fig 1.1000 in USDJPY. With a key Yellen speech on the agenda and a minefield of US data in store, the week ahead might well be choppy. Elsewhere, EURGBP strength is waning, EURNOK looks headed for downside and the AUDJPY/NZDJPY bearish reversal seems assured.
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    1d
    goldfinger goldfinger
    I assume first head should read euro dollar in flux at 1.10 rejection?
  • Article / Friday at 17:42 GMT

    Market Close: US markets rally ahead of Yellen speech

    TradingFloor.com Team / Saxo Bank
    Denmark
    US stocks are trading in the green, ahead of the US Fed Chair Janet Yellen’s speech later today. On the macro front, revised data released in the US showed that economic growth in the last quarter of 2014 slowed as previously anticipated. UK stocks ended in negative territory, led by a decline in energy and mining sector stocks.
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  • Article / Friday at 13:57 GMT

    WCU: Commodity focus turns to Yemen

    Head of Commodity Strategy / Saxo Bank
    Denmark
    WCU: Commodity focus turns to Yemen
    Yemen was the big story of the week as a Saudi Arabian-led coalition attacked Hauthi rebels, sparking fears of a spike in tensions between Shiite Iran and its Sunni neighbours and triggering sharp gains for oil and precious metals. Elsewhere, industrial metals lagged and the agricultural sector awaited a key report due next week.
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    1d
    Ole Hansen Ole Hansen
    With regard to oil markets also remember that the deadline for an agreement between Iran and six major powers is on Tuesday March 31. Look out for...
  • Squawk / Friday at 13:39 GMT
    Head of Macro Strategy / Saxo Bank
    Denmark
    US economy grew 2.2% in the fourth quarter:

    The third estimate of Q4 GDP shows that the world's largest economy grew by 2.2% q/q (annualised) vs. 2.4% expected and unchanged from the second estimate a month ago.

    Following growth rates of 4.6% and 5% in Q2 and Q3 the economy slowed markedly in Q4 of last year, but the composition was quite good with personal consumption up 4.4% while government consumption dropped 1.9%. Investment (including inventories) rose 4.5% as did exports while imports rose a substantial 10.4%.

    While Q1 will likely also show slow(-er) growth I expect a pick-up in growth in Q2 and beyond as the impact from USD strength fades while personal consumption and (residential) investment should continue to be key drivers of growth.
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  • 1d
    fxtime fxtime
    The moral to the above imho is.......Never trust a BoE storyteller sorry governor!