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  • Article / 27 October 2015 at 9:40 GMT

    From the Floor: Risk sentiment droops ahead of FOMC

    From the Floor: Risk sentiment droops ahead of FOMC
    Markets swung into risk-off gear overnight as the rally inspired by China's dovish broadside last Friday ran out of steam, edging most Asian equity indices into the red and boosting familiar safe havens ahead of tomorrow's crucial Federal Reserve statement. European markets have followed suit. But while the mood is skittish the going is still sluggish and volumes are on the light side.
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  • Squawk / 26 September 2015 at 9:51 GMT
    Senior Analyst / Tallinex.com
    Saint Vincent and the Grenadines
    Weekly Trading Forecasts on Major Pairs (September 28 – October 2, 2015)

    EURUSD
    Dominant bias: Bearish
    This pair fell 200 pips last week, almost touching the support line at 1.1100. Afterwards, price bounced upwards by 180 pips and then got corrected lower. The price action in the market reveals that bulls are still making noticeable effort to push the price upwards, all in the context of a downtrend. This week, serious volatility would be witnessed as bulls continue to make more bullish effort, which would not jeopardize the extant bearish bias until the resistance line at 1.1300 is overcome.

    USDCHF
    Dominant bias: Bullish
    USDCHF moved upwards in a directionally mode last week, breaking above the resistance level at 0.9800, but closing below it at the end of the week. The short-selling that occurred on September 24, 2015 simply provided an opportunity to go long at better prices.

    Source: www.tallinex.com
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  • Squawk / 20 June 2015 at 19:52 GMT
    Senior Analyst / Tallinex.com
    Saint Vincent and the Grenadines
    Weekly Trading Forecasts on Major Pairs (June 22 - 26, 2015)

    EURUSD
    Dominant bias: Bullish
    EURUSD first consolidated last week; then it broke upwards, closing above the support line at 1.1300. The bias is still bullish and price could test the resistance lines at 1.1450 and 1.1500. Failure to do this could lead to a drop in the price, and therefore, the condition of USD would be the greatest determinant of the movement of EURUSD for the rest of this month. Only a significant weakness in USD may help EURUSD maintain its current bullish bias.

    USDCHF
    Dominant bias: Bearish
    This pair was able to break below the resistance level at 0.9250 (which bears could not breach in the first two weeks of June 2015). Since then, price has moved below another resistance level at 0.9200. The support level at 0.9150 was tested last week and it could be tested again, especially with more selling pressure in the market.

    Source: www.tallinex.com
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  • Squawk / 13 June 2015 at 9:30 GMT
    Senior Analyst / Tallinex.com
    Saint Vincent and the Grenadines
    Weekly Trading Forecasts on Major Pairs (June 15 - 19, 2015)

    EURUSD
    Dominant bias: Bullish
    This pair is still in a bullish mode in spite of the effort of bears to pull price down. There are support lines at 1.1100 and 1.1050 and a downside breach of the support lines would result in a new bearish outlook. There are also resistance lines at 1.1400 and 1.1450: an upside breach of those resistance lines would result in further confirmation of the existing bullish mode. However, even if the market moves further upwards, it is more likely that it would become weak by the end of this week or before the end of this month.

    USDCHF
    Dominant bias: Bearish
    On USDCHF, last week was characterized by desperate struggles between the bull and the bear. The bear is still strong enough to check the bull from realizing his objectives and as such, the bias on the market remains bearish.

    Source: www.tallinex.com
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  • Article / 11 May 2015 at 14:07 GMT

    FX Board: GBP strength impresses

    Head of FX Strategy / Saxo Bank
    Denmark
    FX Board: GBP strength impresses
    Sterling remains bid in the wake of last week's clear election victory for the Conservatives. How high is the ceiling for GBPUSD as key UK event risks loom? Elsewhere, the euro and CHF are weak and NZD is the weakest.
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  • Squawk / 11 April 2015 at 19:35 GMT
    Senior Analyst / Tallinex.com
    Saint Vincent and the Grenadines
    Weekly Trading Forecasts on Major Pairs (April 13 - 17, 2015)

    EURUSD
    Dominant bias: Bearish
    This pair plunged by 400 pips last week, owing to the very weak condition of EUR. In fact, most EUR pairs are weak – hence the justification of the ongoing bearish movement. The market is expected to keep going further downwards next week, reaching the support lines at 1.0500 and 1.0450. On the upside, there are resistance lines at 1.0700 and 1.0800, which should challenge any rallies in the course of this week, for only a break above the resistance line at 1.0800 could threaten the current bearish outlook.

    USDCHF
    Dominant bias: Bullish
    USD is strong and CHF is generally weak. The USD/CHF pair was able to trend higher last week, rising from the support level at 0.9500 and reaching the resistance level at 0.9800. The expectation for this week is bullish, which may see price reaching other resistance levels at 0.9900 and 0.9950.

    Source: www.tallinex.com
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  • Editor’s Picks / 21 January 2015 at 3:15 GMT

    Oil prices aren't the only factor in energy's future

    CNBC
    Oil prices and oversupply may be the energy buzzwords of the past few months, but what will people in the sector be talking about in five, 10 or even 20 years' time? As the World Economic Forum in Davos gets under way, Katy Barnato of CNBC takes a look at one of this year's key themes – energy, and future possibilities for the sector. Some of the possibilities include the energy demand from India, whose rate of growth is expected to exceed China's, and nuclear safety fears, such as the security risks posed by emerging nuclear powers.
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  • Article / 13 October 2014 at 9:13 GMT

    Daily Shot: Beijing is back in business

    TradingFloor.com Team / Saxo Bank
    Denmark
    Daily Shot: Beijing is back in business
    This morning's surprisingly positive Chinese trade report represents a rare ray of light on a cloudy global economic landscape. Meanwhile, floundering crude oil prices mean cheaper gasoline in the US, which could boost consumer confidence. Finally, what do beliefs about evolution say about national economies?
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    David everist David everist
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