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MOST RECENT ARTICLES
Euro Talk – FXWW Chatroom
GS: EUR from trading: Seeing first real notable model participation (sellers) in this move and EUR feeling vulnerable today given ongoing Greek developments/weekly close. Worth highlighting below 55dma 1.0919 – Orderbook still have better offers up towards 1.1020/50 area and sense market not inclined to chase at this stage.
Yen Summary – FXWW Chatroom
Dollar-yen opened at Y121.50 and then marked an early range of Y121.49 to Y121.60. The pair showed little reaction to Japan’s trade data released early this morning and continued to trade sideways. Demand from Tokyo names believed to be fixing-related then lifted the pair up to a session high of Y121.76 and and it then held near there for […]
Westpac: USD to soften again and limit AUD/USD decline – FXWW Chatroom
AUD/USD starts the week probing almost 3 week lows near 0.7800. Friday’s NY trade saw a broad wave of USD buying when the US core infl ation measure for April printed stronger than expected. Fed chair Yellen also said interest rates were likely to be raised this year, albeit conditional on improvement in the US economy. But […]
Citi Trade of the Week: Selling AUDNZD
Citi Trade of the Week: Trade idea: Sell AUDNZD at 1.0698, target 1.0480, stop 1.0815 The post Citi Trade of the Week: Selling AUDNZD appeared first on www.forextell.com.
EURUSD: US$ surges after Yellen/CPI. Euro opening heavy on w/e press stories re Greece
EUR/USD: 1.1007 The Euro is opening right on 1.1000 after a weekend article in the FT, quoting Greek interior minister as saying that Syriza narrowly rejected a call to stop repaying the IMF debt and to nationalize the banks. Reuters are this morning reporting that Greece’s Interior Minister says Greece will not make its June IMF […]
USDJPY: Dollar makes highest daily close since 2007. More to come?
USD/JPY: 121.50 After an early European dip to 120.63, US$Jpy turned sharply higher on the release of the US CPI to reach 121.57, settling the week at the highs, assisted by Janet Yellen’s speech which affirmed that a Fed tightening this year remains on track. The closing level was actually the highest daily close since […]
Indices/Commodities Outlook
INDICES/COMMODITIES S&P Futures 2124 No change in view. Despite Friday’s slightly upbeat CPI release and Janet Yellen’s optimistic outlook on the economy, the S+P had another choppy but directionless session, below the previous day’s all time high at 2133 level (2130/2123) and leaving the outlook unchanged. Beyond 2133 would open up the way for […]
Barclays trade for week ahead: Short EUR/GBP
We are overall bearish on EURGBP and prefer to fade upticks in range. Selling interest is expected in the 0.7485/0.7535 area. A move back below the 0.7115 recent range lows would confirm downside traction. Our greater downside objectives are towards a measured swing target in the 0.6770 area and then lower towards the 0.6535 range […]
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