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GOLD: Bears targeting stops below 1180.00 by Reece Marini

GOLD Weekly Gold has found some support on the triple bottom and AB=CD (Blue) that coincided at 1180.00 as bears cover current short positions. There are likely a number of large stops sitting below this triple bottom with a break opening up this market for a much larger fall with the next major support not […]


Tips for Future Money Managers: Notional Funds by Sam Eder

In the world of institutional money management you can’t afford to have anywhere near the volatility in your returns that you might on your own account at a retail trader. For example a top hedge fund would look to wind down trading if they were down more than 2% for the month. In-fact Michael Platt […]


Danske Bank Trader Views via the FXWW Chatroom

MajorsEUR/USD: SELL AT 1.2674 FOR 1.2542 OBJECTIVE, STOP 1.2702USD/JPY: LONG AT 109.00 FOR 110.67; STOP AT 108.30GBP/USD: SHORT AT 1.6000 FOR 1.5854; STOP AT 1.6170USD/CHF: LONG AT .9355 FOR REVISED .9790, REVISED STOP .9563AUD/USD: LOOK TO SELLUSD/CAD: POSSIBLY BUYCrossesEUR/JPY: SHORT AT 137.70 FOR 136.32 OBJECTIVE, STOP 138.23EUR/GBP: POSSIBLY SELLEUR/CHF: BUY AT 1.2106 FOR 1.2193; STOP […]


Bank of Japan keeps policy unchanged, but notes weakness in production by Milan Cutkovic

Bank of Japan keeps monetary policy steady by unanimous vote, as expected BoJ: Japan’s economy continues to recover moderately as trend, but weakness seen in production due to sales tax hike BoJ: Industrial output has been showing weakness recently due in part to inventory adjustments BoJ: Board member Kiuchi proposed making 2 % inflation target […]


USDX: down but not out! by Mary McNamara

The USDX has pulled back down from the resistance of the monthly chart’s triangle bear trend line but it is still holding above a shorter term, daily support trend line for the time being. USDX daily: Any new close and hold below this daily support trend line would have me looking to various fib levels […]


Session Data for Tue Oct 07 (GMT-5:00 ET)


Nasty USD reversals suggest bulls slowly losing control by Sean Lee

USD/JPY: On 2 occasions now in the past week we’ve had pretty nasty reversals from levels close to 110.00. This may not mean that the bull move is over, but it certainly suggests that bulls are losing momentum and we may be in for some protracted sideways trading. EUR/USD: The market was not comfortable with […]


AUD/USD – Short squeeze pre-RBA, but sentiment remains negative

AUD/USD reached a high of 0.8745 earlier Banks saw demand mostly from leveraged names; short covering ahead of the RBA and trailing stops getting cleared above 0.8720 Further gains seem unlikely however, as the market remains cautious ahead of the central bank meeting RBA might be inspired by the RBNZ and use the current market […]



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