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FX Majors & Crosses trade ideas via the FXWW Chatroom

MajorsEUR/USD: SHORT AT 1.2695 FOR 1.2501 INITIAL OBJECTIVE, STOP 1.2758USD/JPY: LONG AT 107.30 FOR REVISED 109.25; STOP RAISED AT 107.35GBP/USD: BUY AT 1.6070 FOR 1.6226; STOP AT 1.5990USD/CHF: LONG AT .9518 FOR .9625 OBJECTIVE, STOP .9471AUD/USD: POSSIBLY SELL HIGHERUSD/CAD: LONG AT 1.1205 FOR 1.1418 STOP AT 1.1145CrossesEUR/JPY: LONG AT 136.80 FOR 138.20; REVISED STOP AT […]


Kuroda comments reinforce view that BOJ will stay steady this week by Sean Lee

Comments from earlier today from the BOJ Governor strongly suggest that the Japanese central bank is content with current policy settings and that they will not be making any policy changes this week. .         EXPECT JAPAN TO CONTINUE MODERATE RECOVERY ·         CPI LIKELY TO PICK UP IN 2ND HALF OF FISCAL YEAR […]


Ranging markets ahead of FOMC by Mary McNamara

Markets have been fairly range bound to start the week and I suspect that this might may remain the case until after Wednesday’s FOMC announcement.  USD index: this continues to hover below major resistance from the monthly chart’s bear trend line but FOMC news might get this moving one way or the other. Some recent soft […]


Session Data for Tue Oct 28 (GMT-5:00 ET)


Crude Oil prices drop back sub-$80 by Milan Cutkovic

Crude Oil prices are dropping again and the futures contract is trading at 79.50 currently Goldman and Deutsche both lowered their forecasts for Oil prices for next year Goldman expects WTI to be trading at $70 in Q1 of 2015 The post Crude Oil prices drop back sub-$80 appeared first on www.forextell.com.


USD/JPY – Bearish outside day if daily close sub-107.78

From Citi’s tech team: The bounce seen in USDJPY is almost identical in magnitude to that seen after the January low (That rally fall was also very similar to the recent fall). A close today below 107.78 (if seen) would be a bearish outside day at the high (Exactly what happened at the 04 April […]


FX Positioning Update – NZD shorts remain large by Milan Cutkovic

BNP Paribas noted in their latest positioning report that investors continue to hold sizeable, but not extreme, USD long positions, especially against the Kiwi Dollar, Swiss Franc and the Euro. They see the NZD as by far largest short positioning traders hold and note that it could be a barrier to further weakness in the […]


EUR/GBP – Citibank expects further losses

EUR/GBP – More space to the downside: EURGBP breaking below short-term support levels at 0.7871 which twice held as the lows last week…we remain of the bias EURGBP will continue to push lower towards the 0.7755-0.7766 area in the short- to medium-term. The post EUR/GBP – Citibank expects further losses appeared first on www.forextell.com.



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