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JP Morgan: Sell GBP/CAD

Well…JP Morgan doesn’t seem to agree with Citi’s reco and are recommending to short GBP/CAD. JPM: Sell GBPCAD at 1.8185, stop 1.8415, target 1.75 The latest break below daily triangle support at 1.8195 provided a fresh sell-singal in favour of a broader 4th wave setback to the projected target at 1.7486. That said, we entered […]

Citi Techs recommend long GBP/CAD position

CITI TECHS Going long GBPCAD We are adding a long GBPCAD position at 1.8042 with an initial target of 1.8360 and an extended target of 1.85. The stop is at 1.7925 and we are utilizing 10% of capital for this trade. – GBPCAD posted a bullish key day off support on Friday and could head […]

Cable extends losses; 1.65 barrier in focus

GBP/USD is posting fresh lows amid on-going supply from an UK clearer Dealers report good selling interest from leveraged funds; volume is decent Support seen ahead of 1.65 option barrier, but unlikely to be a major obstacle The post Cable extends losses; 1.65 barrier in focus appeared first on www.forextell.com.

BNP Paribas – Stay short AUD & USD/JPY to rise further

From the French bank’s stat team: AUD weakness justified…..stay short AUD AUD’s weakness this morning is no surprise given the stretched positioning amid the weakness of the data releases. The RBA kept interest rates unchanged for the 12th straight policy meeting and signalled it would stay on the sidelines for a while to come. Yet […]

FX: Option expiries for today’s NY cut 10:00 ET

AUD/USD: 0.9250 (452M).   NZD/USD: 0.8400 (234M)USD/CAD: 1.0870 (140M), 1.0900 (165M)EUR/USD: 1.3100 (495M), 1.3125 (392M), 1.3200 (1.1BLN)USD/JPY: 104.00 (795M), 105.00 (430M)EUR/JPY: 137.75 (150M) 

USDX: monthly 200 EMA vs NFP by Mary McNamara

The USD index rally has continued this week and, whereas I thought it would struggle for longer at the 61.8% fib, it has just cruised up through this major resistance and pivotal level. USDX daily: The next major resistance level in its path is that of the monthly 200 EMA up near 83.50. The whole number […]

S&P500 & 1st trading day of the month: what to watch by Mary McNamara

Monday September 1st was a holiday for the US and thus today marks the first real trading day for the S&P500 for this new month. I’ve noted on numerous other occasions how the first trading day of the month is often bullish for stocks. Often, but not always, yet this is something to be on the lookout […]

Highlights from the RBA statement

RBA: Most prudent course is likely to be period of stability for rates RBA: Weakening China property markets a challenge in near term RBA: Australian Dollar remains above estimates of its fundamental value RBA: Recent data suggests moderate growth occuring RBA: Inflation expected to be consistent with target over next 2 years RBA: Labour market […]

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