Aug 22 Positions Update

Open orders EURCHF – Still marginally positive as buyers keep the rate buoyed above the 1.21 handle. Note this is a multi-week play, so I am expecting to hold the positions into …
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AUD/NZD: Look to play 1.1025/1.1100 in short-term

The channel top in AUD/NZD at 1.1100 held nicely this morning and the bulls out there will be a little worried. I have the feeling that AUD/USD might have a serious test of .9200 l …
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Aug 21 Positions Update

Open Orders EURJPY – Price has come really close to my stop loss, although I still remain protected by a layer of offers up t 137.70. I will hold the position to see what happens …
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USD still looking strong; levels to watch today

Cable, 61.8% retracement of 1.6250/1.7190 comes in at 1.6612; USD/CAD, daily highs at 1.0980; NZD/USD, important support at .8400; EUR/USD, chart lows at 1.3290; USD/JPY, recent hi …
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AUD/NZD taking out important resistance levels

AUD/NZD is threatening to break cleanly above important technical resistance levels and it seems that the market is now betting on a bearish outcome from the dairy auction. NZD/USD …
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Few range trade suggestions in NZD/USD, USD/CAD and Cable

The GBP still looks suspect on the crosses especially with pairs like GBP/CAD nearing very important support levels. We can expect further volatility and plenty of two-way action. …
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Goldman Sachs Spot Desk Strategies

From Goldman’s Spot Desk via our FXWW chatroom: EUR: I continue to hold a core short, will look to add if we get a rally back to 1.3400/20 with a stop above 1.3450. First support …
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AUD/NZD: Risk-reward favours bears after poor Australian jobs data

Very poor headline unemployment rate, 6.4% is much worse than expected; Some of this explainable by an increased participation rate; The AUD has fallen by only about 30 pips thus f …
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Barclays: Staying bearish on the EUR into the ECB

Thursday’s ECB meeting is likely to accentuate EUR weakness, in our view. While we and the market do not expect any change in policy, ECB President Mario Draghi is likely to rea …
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SocGen recommends buying USD/JPY with 105 target

Rationale Higher USD/JPY is a longstanding view we have had, but we took profit in January as the upward trend petered out and the market appeared to be overly short yen. With the …
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