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News Releases for Fri May 22 (GMT-5:00 ET)


GBPUSD: Cable stronger after UK Retail Sales. Carney speaking today

GBP/USD: 1.5659 Sterling had a sharp move higher after the release of the April UK retail sales, which easily beat expectations, by rising 1.2% (vs 0.4% exp mm) and was an impressive rebound from March’s -0.7% mm fall.Having dipped to a session low of 1.5524 in early UK trade, Cable has so far topped out […]


Indices/Commodities Outlook

  INDICES/COMMODITIES S&P Futures 2128 No change in view.  The S+P had another choppy but directionless session, below the previous day’s all time high at 2133 level (2131/2115), leaving the outlook unchanged. Beyond 2133 would open up the way for a run towards the 2150/55 target, where the trend line joining the previous highs will […]


EURUSD: Euro choppy ahead of a busy end to the week. US CPI; Draghi/Yellen speeches to come

EUR/USD: 1.1111 EU data was mixed today with the Eurozone Mfg PMI flash coming in at PMI 52.3, above the expected 51.8, while Germany went the other way, only reaching 51.4 (vs 52.0 exp). The Eurozone services PMI dropped to 53.3 (exp of 53.9) and the German services PMI also dropped to 52.9 (exp of […]


US$: still stuck at 95.50

Weaker US housing and manufacturing data overnight has kept the US$ in check and hovering around the key 95.50 S/R level. This stalemate has resulted in many FX pairs just chopping sideways but with the Cable as the outlier today following better than expected Retail Sales data. US stocks have enjoyed the slightly weaker US$ and closed […]


BNP Paribas: Short AUD/NZD

Short AUDNZD is a key macroeconomic FX view and current levels offer considerable value for short exposure. We have initiated a short AUDNZD recommendation at 1.0780, targeting a move to 1.0340 with a stop at 1.0945. Short NZD positioning is the largest among the G10 currencies at -34 (on a scale of -50 to +50) […]


News Releases for Thurs May 21 (GMT-5:00 ET)


FXWW Connect: The missing link for the serious individual trader

In order to be a successful trader, you will need to develop strong and logical convictions. You will base these convictions, not on hearsay, guesswork and other people’s opinions, but on factual evidence. To build these convictions, you will need a constant stream of relevant news across economics, politics and current events. The primary source […]



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