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Goldman Sachs Spot Desk Strategies

POSITIONING => We have reduced our EURUSD short going into the ECB, but have reengaged on our USD long vs AUD after yesterday’s compelling price action, and have bought some topside 1w options in USDJPY. Flat EURUSD => We prefer to be flat going into the ECB and have more flexibility for today’s session, with […]

USDJPY: Watch for buying between 114.400/300 by Reece Marini

USDJPY H1 Elliott Wave and Gann traders that are looking to add to current positions or those that are looking to re-enter the current trend in USDJPY will have a close eye on the 1:1 (Yellow) and 1:1 (Blue) at 114.400/300. These levels are currently offering support coming into the London session and if they […]

FX levels to watch ahead of ECB/BOE/NFP by Mary McNamara

USD strength shaped much of the FX direction overnight and this, along with the sharp drop in Gold, helped to drag the A/U down the most. The one valid TC signal from last week on the A/J has now closed off after yielding up to 300 pips. I do get the sense that the Yen pairs […]

EUR/USD: Options rolling off plus the ECB later today by Sean Lee

It will be a busy day for the EUR/USD today ahead of the ECB decision and statement. Most of the big option expiries which we mentioned earlier this week kept the pair stuck within 70/80 pips of the main expiry level at 1.2500. Most of the bigger options have now rolled off, allowing plenty of […]

Session Data for Thur Nov 06 (GMT-5:00 ET)

A 16-page Interactive Forex Trading System Template by Sam Eder

Do you have a written trading plan for you system? If you are planning to trade Forex for more than anything but a hobby you should. As a trader you need to build a winning system that fits you and your personality as a trader and a written trading plan is a crucial part of […]

AUD/USD hits fresh 4-year low by Milan Cutkovic

Renewed USD strength and weak commodities have led to a sharp decline in the AUD/USD today Break of 0.8640/50 area already bearish, daily close sub-0.86 would add to negative sentiment Next key support area noted around 0.8320, then not much until 0.8080 The post AUD/USD hits fresh 4-year low appeared first on www.forextell.com.

GBP/USD Flows Update

From Citi: We are getting a lot of questions about what has gone on in GBP. The honest answer is we don’t really know. An UK clearer was seen flailing about in cable, while some say it was led by EURGBP. We’ve see reasonable turnover today, but it’s been contrarian for most of the session. […]

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