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MOST RECENT ARTICLES
There is a lot of green on the heat map at the start of the week, suggesting that the current ‘risk-on’ mood is set to continue although this will be dependent on the ongoing optimism of the US-China trade talks. US stocks remain underpinned following Friday’s rally, and once again, buying dips is favoured although […]
From the FXWW Chatroom – Barclays recommend selling EUR/USD at $1.1310 targeting a move to $1.0889 (76.4% Fibonacci retracement of the 2016-2018 move) with a closing-basis stop at $1.1449 (50% Fibonacci retracement). View the latest market information in the FXWW Chatroom with a free trial.
Note that this is my current view, but if market conditions change my view can change too. Generally I will trade in alignment with what I have noted here, though I will wait for a set-up before I enter. I base my view on technical and fundamental information. This is my beliefs and you are welcome […]
While my “on hold” call for the RBA turned out correct last year, I now expect the RBA to cut the cash rate this year, and twice by early-2020. This reflects a weakening in a range of economic indicators and the Reserve Bank’s own acknowledgement of more downside risks. Economic storm clouds Let’s start with […]
From the FXWW Chatroom – Well worth a read. Leaving aside recent flash crashes in aud and chf – Foreign-exchange margin trading gained popularity in Japan after a revision to financial legislation in 2005, and surged to account for 68 percent of total spot transactions in 2013 when the central bank expanded quantitative easing. With their […]
WASHINGTON (MNI) – The following is the text of the Mortgage Bankers Association’s Mortgage Applications Survey released Wednesday morning: Mortgage applications decreased 3.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending February 8, 2019. The Market Composite Index, a measure of […]
The US$ has regained yesterday’s lost ground and would appear to be to build on those gains, particularly against the EU majors so trading from the short side does remain preferred from a structural perspective. The Aud and the Kiwi both bounced higher than expected but provided a decent opportunity to sell into and holding […]
In many regards, I could just re-post last week’s blog post. Yes, I will admit some additional “facts” have come to light vis-à-vis BREXIT and the CHINA / U.S. trade deal, but these moves are not really ground breaking, or earth-shattering news, what happened was predicted. Last week my blog title was: – CENTRAL BANKS […]
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