DXY: At trend highs but running into very strong resistance. Time for a retracement? by Jim Langlands

The DXY has made it to the important resistance at 85.20 (76.4% of 89.59/72.70) which is also strong trend line resistance, joining the tops from March 2009/May 2010, so some cauti …
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Kiwi below 0.8000 on Wheeler comments. Where to from here? by Jim Langlands

Having fallen sharply to below 0.8000 following the RBNZ Governor Wheelers’ comments, the Kiwi looks as though it could be headed a fair bit lower, over time, although in the sho …
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USDCHF: Reached the 0.9455 target. Next stop 0.9535 by Jim Langlands

USD/CHF: 0.9455 US$Chf rallied in unison with the softer Euro today and finally reached our target at 0.9455, where it currently sits.Having broken above the problematic 0.9400 are …
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Indices/Commodities round up by Jim Langlands

INDICES/COMMODITIES S+P Futures 1968 We have today seen the test of 1965 that we were looking for, and if this can be taken out the S+P should head towards 1950 and possibly to 193 …
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AudUsd: Looking very heavy. China data tomorrow, in focus

AUD/USD: 0.8925 Having made an early attempt to regain 0.9000 on Friday, the Aud gave up in the face of strong selling interest and headed lower for the rest of the session, …
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FX Outlook for EURGBP, EURJPY, GBPJPY, GBPAUD

EURGBP: 0.7875 Having taken out the stops above 0.8040 the previous week in spiking up to 0.8065, the cross then spent last week chopping around just under 0.8000 before collaps …
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DXY. Reaching strong resistance. Some caution warranted.

DXY: 84.63 The DXY has today made it to 84.70, just shy of the July 2013 top at 84.75. This should prove strong resistance and given that the MACD are becoming overbought and th …
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Euro under heavy pressure after rate cut, ahead of today’s US Jobs/NFP by Jim Langlands

EUR/USD: 1.2945 The Euro fell like a stone after the ECB surprised the market by cutting interest rates by another 10 bps, to a new record low of 0.05%, while also lowering the de …
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18 Aug: DXY suggests some US$ weakness at the start of the week.

USD/DXY: 81.42  The DXY chopped around last week, consolidating in a 0.8139/65 range and looking as though we could be in for some more of the same ahead, although the daily MACD …
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Kiwi looking good for further gains.

NZDUSD: 0.8490 Short covering persisted into Europe, after yesterday’s stronger than expected NZ retail sales data, squeezing the Kiwi up to a high of 0.8510 before it dipped bac …
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