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EUR/USD: We are bullish. Friday’s up-day endorses the prior base candle and signals higher in range towards initial targets near 1.1420. A move above would point higher towards the 1.1505 area. Copy signals, Trade and Earn $ on Forex4you - https://www.share4you.com/en...
USD/JPY flat despite risk rally The conditions are nearly perfect for a rally in USD/JPY but the pair is stubbornly soft. A rally to 104.85 earlier has been beaten back and the pair is at a session low of 104.24, virtually erasing a gap higher at the open...
Japanese exporters halt yen-buying - Nikkei Asian Review The Nikkei Asian Review reports that Japanese exporters have cut yen buying because of the post-BOJ jump last week. The story is what may be hitting USD/JPY now. The pair has dropped 30 pips in a flash and took out 104.00...
Talk that today's polls will be released in about 4 hours Just what this crazy market needs is two polls showing the 'leave' side way ahead...
Results of the US 2-year note auction Was trading at 0.740% on the bid side in the when issued market Prior was 0.920% Bid to cover at 2.72 vs 3.00 prior The market has shifted a long way from a month ago when the Fed was stoking rate hike talk...
Retail brokers are tightening up ahead of the big vote It's almost becoming a daily event that the emails get pinged around from brokers warning of margin changes. IG will be increasing GBP fx pairs margins to 6% from 14.00 GMT Wednesday...
The first article was about identifying what type of trader you may be. We wrote that might want to take a personality test to see where you stand in the continuum along impulsive to conservative...
GBPUSD remains the main focus GBPUSD The GBPUSD could not move below the 100 bar MA on the 5-minute chart and extended up to the 200 day MA at 1.4690. The prior resistance was 1.4666. Since breaking the price remains above that level...
Why Trump is down to his last strike and has replaced his campaign manager The path to the White House for Donald Trump was clear...
Closing gains/losses in the main bourses UK FTSE +3.1% German DAX +3.5% French CAC +3.6% Spain IBEX +3.4...
Which indicators are good at predicting recessions Economists are horrible forecasters. It's so bad that the Fed's own James Bullard says they should quit altogether because the public is so-often sent the wrong signals. The WSJ surveys economists monthly and the latest reading is 21...
What polls are due up on the Brexit referendum Poll schedules are a bit sketchy but there is talk that two polls may be released today. An online poll from YouGov may be released at an unknown time (after the London close) and a phone poll from ORB is also due and is rumored at 2100 GMT (5 pm ET...
Major Cycle Low Upcoming in Gold There is a major cycle low looming for gold prices. Ideally it should arrive as a price low in late 2016. But based on history, it could arrive anytime between August 2016 and March 2017, and still fit within the normal tolerance...
Dollar’s Up Move Not Confirmed by Stocks Some people think they know what the relationship is between the US Dollar Index and stock prices. But as I noted in a Chart In Focus article over a year ago, the correlation between stocks and the dollar regularly flips from positive to inverse...
Major Cycle Low Upcoming in Gold There is a major cycle low looming for gold prices. Ideally it should arrive as a price low in late 2016. But based on history, it could arrive anytime between August 2016 and March 2017, and still fit within the normal tolerance...
S&P 500 erases last week's decline In a few minutes of trading, the S&P 500 erased last week's 1.2% decline. The index is up 26 points to 2097. That's the largest gain since a 28 point rally on May 24...
That was quick The GBPUSD is testing the topside target outlined as an extreme level. That area comes in at 1.4633-1.4666. The level corresponds with swing highs (see green circles in the chart below) - the most recent earlier this month (see daily chart...
Reserve Bank of India governor over the wires 20 June 2016 India can't abandon inflation to focus on growth can't have it both ways, wanting lower inflation and lower rates The RBI governor very much on the front foot in the wake of his surprise announcement at the weekend not to serve a second t...
Former BOE Financial Stability Head John Gieve speaking to Bloomberg 20 June 2016 while Brexit could mean interest cuts or other stimulus to support growth the Governor may also have to be wary of increasing falls in the pound There will be a shock to demand, so that means there will be something...
Brexit talk will dominate The economic calendar won't be the source of much drama today. Scheduled news includes minor data and a couple speeches. It starts at the bottom of the hour with Canadian wholesale trade sales at 8:30 am ET (1230 GMT). The consensus is +0.5% after a -1.0% fall in March...
