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  • Squawk / Yesterday at 8:30 GMT
    Senior Analyst /
    Saint Vincent and the Grenadines
    Weekly Trading Forecasts on Major Pairs (July 6 - 10, 2015)

    Dominant bias: Bearish
    Current events in the Eurozone will continue to shape the movement of EURUSD and other EUR pairs this week. Last week, price opened with a gap-down of about 200 pips before an upward bounce of over 300 pips occurred on Monday. On Tuesday, price began to go south and tested the support line at 1.1050 on Wednesday. After that, price consolidated till the end of the week. This week, EURUSD and other EUR pairs could open with gaps, and of course, the gaps would be followed by strong movements in case they occur. The outlook on EURUS D is bearish: unless the resistance line at 1.1250 is overcome, further southward movement is expected.

    Dominant bias: Bullish
    This currency trading instrument traded downwards on Monday, reaching the support level at 0.9250. Form that level, price went north by 250 pips, testing the resistance level at 0.9500.

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  • Editor’s Picks / Friday at 9:23 GMT

    Varoufakis advises Irish to seek 'sensible debt relief'

    Irish Independent
    Ireland has been saddled with a preposterous amount of debt and should seek a deal with other bailout states like Greece, Greek finance minister Yanis Varoufakis said today. "We should seek a sensible debt relief exercise...not just for us, but countries like Ireland and Portugal too," he told RTE in an interview on Morning Ireland. Ireland has the fourth highest government debt to GDP ratio in the EU, Greece has the highest with Italy and Portugal in between.
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  • Calendar event / Friday at 9:00 GMT

    EU Retail trade

    Med Retail Sales Monthly
    Med Retail Sales Yearly
  • Calendar event / Thursday at 9:00 GMT

    EU PPI

    Med PPI, M/M
    Med PPI, Y/Y
    Med PPI, Ex-Energy, M/M
    Med PPI, Ex-Energy, Y/Y