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Stocks Slip as Focus Shifts to Trade; Dollar Fall: Bloomberg

Greenback weakens following Fed’s gradual-tightening signal U.S. equity futures rise; Treasuries gain; gold advances Stocks in Europe followed Asian peers lower as investors began to switch their attention away from the Federal Reserve and back to earnings and the outlook for global trade. The dollar gave back some of its recent gains. European shares retreated […]

3 May: Forecast: FX: US$/Majors + trade ideas: FXCharts

EURUSD: 1.1954 The US$ has headed to new trend highs against the Euro after some choppy trade around 1.2000 following the FOMC announcement,  which saw rates being left rates on hold and with nothing new in the statement. Having fallen sharply from 1.2025, the Euro has reached a low of 1.1935 where important Fibo support […]

US VIEW: Bank desk reactions to the FOMC MonPol decision: FXWW

From the FXWW Chatroom: – Scotiabank: The FOMC consensus walked on the slightly more dovish side of neutral compared to market concerns going into the statement. There are significant language changes that at a minimum provide no clue that the consensus is thinking of adding to the ‘dot plot’ guidance for the pace of rate hikes. – TD: We would […]

2 May: Forecast: FX: US$/Majors + trade ideas: FXCharts

EURUSD: 1.1992 The dollar is rampant and made further gains on Tuesday, taking out several important levels of support with the Euro under pressure from heavy selling in Sterling after the poor UK data. With the dollar increasingly picking up steam, further losses for the Euro seem likely although it will be today’s FOMC Statement […]

HSBC trade recommendation: FXWW

From the FXWW Chatroom: Sell GBPUSD at 1.3632, with a target of 1.3150 & a stop at 1.3920. View the latest market information in the FXWW Chatroom with a free trial.

Forex Trading Opportunities for the Week Ahead 30 April 18: FXRenew

I plan my trading for the week ahead each weekend. Here are the Forex trading opportunities I will bestalking this week. Note that this is my current view, but if market conditions change my view can change too. Generally I will trade in alignment with what I have noted here, though I will wait for a […]


From the FXWW Chatroom: With USDJPY nearing our short-term target of 110, we see good opportunity to re-establish selective strategic JPY longs such as against GBP. With notable downside surprises in recent UK growth and inflation data, the risk of the BoE staying on hold next week has increased, weighing on GBP which is highly […]

USD READY TO GO? By Scott Pickering

Last week was not a week that I particularly enjoyed. I was caught the wrong way with two trading positions, GBP/USD long and USD/CAD short. I had multiple small positions across the two trades and whilst my loss in $$$ was not huge my loss in pips was circa. 1,000 pips. I made the novice […]

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