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9 years ago |

Smart money selling into 0.77600 ahead of Aussie data

AUDUSD H4 After taking out the major 1:1 (Yellow) and 50 Fib (Purple) the Aussie has continued to slid with the bears now pushing for large stops that are likely sitting just below the 2015 lows at 0.75320. AUDUSD H1 The smart money has been seen selling the Aussie on a number of 1:1 rally’s […]

9 years ago |

What I Wish I Knew When I First Started Trading – Part 2

If you have not read the first part of the article, I suggest you do so here. Here are a few more things that I wish I knew when I first started out. Simplify… but not so much that your strategy does not work I’m sure you have heard it’s best to keep things simple […]

9 years ago |

BNP Paribas: Go long USD/NOK

We enter a long USDNOK trade recommendation at 7.8030, targeting 8.1500, with a stop placed at 7.6900. Upcoming event risk, the relative rate outlook, positioning and technicals all support a rise in USDNOK. We expect the Norges Bank to cut rates next month. In addition, we expect OPEC to maintain its current production target at […]

9 years ago |

CitiFX Techs recommend short EUR/USD

 CitiFX: short EUR/USD at 1.0900. Stop 1.1115,. Target zone 1.0458/1.0521 The post CitiFX Techs recommend short EUR/USD appeared first on www.forextell.com.

9 years ago |

Citibank remains Nr. 1 FX dealing bank

Citibank remains the #1 FX dealing bank Deutsche Bank is still the #2, followed by Barclays and JP Morgan UBS takes the 5th spot, followed by BofA Euromoney estimates that electronic platforms now handle 53.2 % of all FX transaction The estimated volume of the FX market is $5.3 trillion per day Full story: http://www.bloomberg.com/news/articles/2015-05-26/electronic-trading-takes-over-currency-market-roiled-by-scandals […]

9 years ago |

FX: most pairs holding up pretty well considering

I posted a separate article about the US$ index this morning and suggested watching for any break up through the 61.8% fib. This resistance seems to be keeping the index in check for the time being and this has meant that the expected FX vulnerability with the stronger US$ hasn’t taken a strangle hold grip […]

9 years ago |

Aussie stocks worth noting as May draws to a close

Some Aussie stocks/ETFs worth watching as May draws to a close and as key support seems to be holding. Note how some of the Mining/Resource stocks  are starting to look interesting again! First off though let’s look at a few of the main indices; XAO, XJO and XSO: XAO weekly: All Ordinaries: the 61.8% fib […]

9 years ago |

US$: stuck under 96.50

The US$ remains stuck under the 96.50 S/R level and the lack of activity here continues to drive action, or lack thereof, with FX. Silver and Gold are both consolidating in triangle patterns though so any trend line breakout with momentum might be worth watching for on these two. USDX daily: the 96.50 was the neck […]


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