When trading trends, there are two main principles to insert yourself into the flow: enter on the breakout of …More>>
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MOST RECENT ARTICLES
It’s far too easy to take this Forex thing casually. You can open an account with a broker is the blink of an eyelid and in two more blinks you can be trading Forex. But Forex is a game a skill played by some of the most sophisticated, well connected and intelligent men and women […]
USDX Monthly: The October candle is now printing a bearish Spinning Top candle and is sitting just below the key resistance of the monthly charts bear triangle trend line. Monthly Ichimoku: The October candle is well above the monthly Cloud. Weekly: The weekly candle closed as a bearish candle with a long lower shadow. It […]
Reuters data shows that there are almost $3 billion worth of options expiring at 107.50 today (14:00 GMT), which might keep price close to that area. We saw large bids in front of 107.50 yesterday and the pair held well, considering the sharp drop in equities and the general risk-off theme. Dealers report stops through […]
G10 Themes Euro and Japan investors step into the global spotlight Our FX forecasts assume a benign adjustment to tighter Fed policy, with the USD gaining more ground vs low yielders. During QE, US investors increased purchases of foreign bonds; Euro and Japan investors may behave similarly. Eurozone’s large current account surplus is potential source […]
Oil prices have been under pressure for a while now, but yesterday’s decline were heavy, with the WTI losing 4 % on the day, from $87.96 to $84.10. From a technical perspective, Oil is now in a bear market and likely to head towards the 2012 low of $77.20. The outlook is also grim when […]
USD long positions have started to unwind but positioning still considerably long. • Our BNP Paribas positioning analysis highlights that long USD positioning remains elevated even as other popular trades were flushed out in September. • The heightened level of USD positioning components is also notable, particularly the trending sub-indicator that has now reached the […]
Some weak EUR data and comments from ECB President Draghi were added overnight to the already growing concern about global economic recovery and growth. Fundamental events like these will always trump any developing technical patterns and this is what resulted overnight. It was a bit of a mixed bag for the markets though with US stocks and some […]
Reports on Reuters say that China, which is the world’s largest importer of coal, will reintroduce import tariffs of between 3%-6%. Australia is the top supplier of coal to China and this news will definitely have an adverse effect on AUD sentiment heading into the weekend. Reports yesterday morning suggested solid bids in AUD/USD near […]
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