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MOST RECENT ARTICLES
BEIJING (MNI) – The People’s Bank of China’s foreign-exchange (forex) purchase position rose in March for a third straight month, reflecting a relatively balanced flow of supply and demand, data released by the central bank showed. The PBOC’s forex purchase position on Mar. 31 rose by CNY7.838 billion from a month ago to CNY21.495 trillion, […]
From the FXWW Chatroom: The US saw net outflows from M&A activity for the second consecutive month, with YTD net inflows now reduced to USD 15bn. Year-to-date flows have now turned positive for the Eurozone, with 2018 net inflows standing at USD 2bn following net inflows over the past month of over USD 8bn. The […]
Cable is turning sharply lower following worse than expected CPI data 2.5% vs 2.7% exp. We see the pair falling aggressively below the trading channel, so a five wave recovery came to an end exactly at our Fib. levels. We see the pair now in a bearish intraday mode which can take the pair back […]
If you had to choose one word to sum up the price action of the FX majors it would have to be Consolidation. However, the S&P500 took a measured march higher that offered up a great low-risk TC signal that delivered up to 5R and the NDX gave a 10 R trade! TC website update: […]
From the FXWW Chatroom: Since we took profit on USDCAD longs in early March, the Canadian dollar has enjoyed a solid recovery (+3.3%), although further progress in this direction may now become more difficult. Firstly, regarding today’s BoC meeting, we believe the policy stance is likely to remain cautious in light of growing evidence of […]
EURUSD: 1.2372 EurUsd had a squeeze higher in early Europe on Tuesday, reaching 1.2413 before the ZEW disappointed traders, sending the Euro down to 1.2335, since when it has retraced some of the losses to finish unchanged on the day, at 1.2370. Wednesday will look to the EU CPI for guidance (exp 0.9%mm, 1.5%yy (Core […]
From the FXWW Chatroom: As trade tensions ease, flows support AUD, CAD and MXN. EM FX selling accelerating, particularly in EMEA. TRY, CZK, ZAR and RUB most at risk. EZ equity selling from long position put EUR at risk. However, resumption of US equity selling against USD rally. View the latest market information in the […]
One thing I have come to realise trading FX over recent times is to expect the unexpected. In fact, this is the reason for the TC shift to focus on lower time frame charts as it helps to remove longer-term bias. The anticipated ‘risk-off’ shift did not develop and I had mentioned this as a […]
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