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US$ gets a boost but is still below 95.50 resistance

The US$ received a helping hand yesterday from two fronts: the fall in the Euro following ECB comments to expand their QE program. The EUR makes up about 57% of the US$ index so this fall with the EUR boosted the USD. the better than expected US housing data. The rejuvenated US$ rose back above a recently […]


News Releases for Wed May 20 (GMT-5:00 ET)


Gold: levels to watch

Recent US$ weakness has enabled Gold to stabilise somewhat after three years+ of decline. Whilst still in an overall downtrend Gold is trying to carve out a base off the 61.8% fib retracement level of the 2008-2011 swing high move. Any further US$ weakness will help to keep Gold supported and may offer new trading opportunities. A […]


ECB’s Noyer: QE could extend beyond Sep 2016 if necessary

ECB’s Noyer:  ECB ready to go further if needed to meet inflation target  Re-anchoring inflation expectations takes time  ECB QE has had positive effect on inflation expectations  Interest rates will remain low for extended period  QE will continue beyond Sep 2016 if no sustained change in inflation path The post ECB’s Noyer: QE could extend […]


EUR/USD: Looking to play 1.11/1.15 in coming weeks with strong bullish bias

Short-term speculative EUR/USD shorts have reduced significantly in recent weeks but the big macro players remain stubbornly bearish and have been adding to shorts on the rally to 1.15. We are heading into the Northern Hemisphere summer months when moves can often be a bit illogical and when fundamental developments tend to dry up. I […]


US$: just testing broken trend line?

The US$ has recovered a bit to start the week but, in the absence of any high impact news and with a Fed speech arguing for the rate hike to start next year, I’m wondering if this is simply a technical move to test the strength of resistance from the recently broken trend line? It might take […]


Westpac EUR/AUD Outlook

The post Westpac EUR/AUD Outlook appeared first on www.forextell.com.


Goldman Sachs Spot Desk Strategies

GS: G10 FX – LONDON SPOT TRADER VIEWS OVERVIEW => USD strength was reignited yesterday on the back of the San Francisco Fed’s optimism on US growth but it still remains to be seen whether this is just a move lower in a range or if we are resuming a downward trend. For the time […]



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