Cable: A quick question for you all

Mon 1st Sept The Cable has been trading within a descending trading channel for the last 8 weeks. This has been giving the weekly chart a bit of a ‘Bull Flag’ appearance but we …
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Busy week of central bank meetings ahead

The ECB will be the main event, with expectation of QE high after Draghi’s Jackson Hole speech, but the BOJ and BOC will also be keenly awaited. Sentiment remains very bearish on …
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CFTC Positioning Update

CFTC Position Data – Friday, August 29th 2014: EUR net short 151K vs short 139K prior JPY net short 103K vs short 87K prior GBP net long 15.5K vs long 13K prior AUD net long 42K …
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USDX prints a bullish monthly close: FX Indices Review for 01/09/14

USDX Monthly: The August candle closed as a large bullish candle and above the resistance of the 61.8% fib of the last major swing bear move 2010-2011. This is the first bullish mo …
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FX: Option expiries for today’s NY cut 10:00 ET

USD/JPY: 103.20-25 (1.8BLN), 103.50 (417M), 103.75-85 (450M), 104.00 (700M), 104.50 (1BLN)EUR/JPY: 136.50 (676M), 1.3675 (200M)EUR/USD: 1.3150 (346M), 1.3200 (1.14BLN),1.3215 (300M …
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Medium term bears continue to sell EURUSD

EURUSD Daily EURUSD continues to trade with a heavy tone after taking out the 1:1 (Yellow), the market gaped through the 61.8 on Monday and after retesting this level the market ha …
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Session Data for Friday Aug 29th (GMT-5:00 ET)

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AUD/NZD: 1.12 then 1.14 next levels to watch

The AUD/NZD continues to look bullish and seems to me making another attempt at the key 1.12 level. This follows on from the recent bullish ascending triangle breakout when the AUD …
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E/U in focus ahead of key CPI data: H&S move up 340 pips

E/U: I noted weeks ago that the E/U seemed to have formed a weekly chart bearish H&S pattern. The ‘neck line’ of this pattern was at 1.35, the ‘height’ was at 1.40 and …
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S&P500 update: back below 2,000 but still looking bullish

The S&P500 closed back below the psychological 2,000 level today BUT the buying into the close did not look anything like a nervous market. This is despite ongoing geopolitica …
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