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The pound to euro exchange rate (GBP/EUR) has reached new lows of 1.2544 (at time of writing), breaking below the previous 1.2579, 15-month, bottom established on March 24...
Analytics & Forecasts
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Vasilii Apostolidi, 2 April 2016, 15:43
USD/JPY Technically, the trend remains bearish in the daily chart as far as 114.00/50 zone is intact, and prices remain stuck inside a consolidation triangle, which keeps our outlook flat with a light preference to the downside as per the daily trend...
Trading Strategies
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David Joseph, 2 April 2016, 15:34
USD/JPY Technically, the trend remains bearish in the daily chart as far as 114.00/50 zone is intact, and prices remain stuck inside a consolidation triangle, which keeps our outlook flat with a light preference to the downside as per the daily trend...
Analytics & Forecasts
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David Joseph, 2 April 2016, 15:28
NZD/USD The New Zealand Dollar managed to end the month above 0.6900 major resistance, confirming a break higher from a 7-month range trading. Looking at the biggest picture, the focus was on the weekly resistance zone of 0.6880/0...
Trading Strategies
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David Joseph, 2 April 2016, 15:27
AUD/USD The Aussie did another attempt to close above 0.77 psychological barrier but failed as profit taking has increased due to the month end. From a wider angle and looking at the weekly chart, the pair has already confirmed a bullish reversal after breaking above 0...
Trading Strategies
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David Joseph, 2 April 2016, 15:25
USD/CAD The pair bounced strongly near the weekly support of 1.2820 and printed a low around 1.2850. Moreover, prices rallied and succeeded to break above 1.3010 hourly resistance confirming a bullish reversal in the short-term. Meanwhile, a big resistance stands at 1...
Analytics & Forecasts
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David Joseph, 2 April 2016, 15:23
GBP/USD The British pound traded in a choppy manner yesterday and continue to fight for a clear direction in the near-term as 1.4450-1.4470 zone remains key resistance. Looking at the near-term technical picture, the pair failed around 1...
Trading Ideas
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David Joseph, 2 April 2016, 15:20
Risk sentiment was broadly stable for most of the week, mainly due to Fed Chair Yellen dampening investors’ central bank rate expectations...
Analytics & Forecasts
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Vasilii Apostolidi, 2 April 2016, 12:06 #RBA, forex
If I told you that there is a 99.22% probability that you can win the next trade on Dow Jones Industrial would you believe me! In trading the Theory of Runs answer a statistical question that ask about the probability to find another black (OR white) candle after a series of them...
Analytics & Forecasts
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Muhammad Elbermawi, 2 April 2016, 11:42
EUR/USD The Euro succeeded to break above the symmetrical triangle that comes from 1.1497 peak, which is a strong bullish signal that affects the med-term trend. However, it is preferable to wait for a weekly close above 1.1400 level to confirm this bullish reversal...
Trading Ideas
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David Joseph, 2 April 2016, 10:10
EUR/USD The Euro succeeded to break above the symmetrical triangle that comes from 1.1497 peak, and which this stand ss a strong bullish signal that affects the med-term trend. However, it is preferable to wait for a weekly close above 1.1400 level to confirm this bullish reversal...
Analytics & Forecasts
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David Joseph, 2 April 2016, 10:03
Almost every Forex and Futures trader that we have spoken to has admitted to, at some point, taking a trade outside their method and/or outside their risk tolerance...
Other
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Francis Dogbe, 2 April 2016, 08:45 #forex
Almost one month ago I mentioned two areas on AUDJPY that were likely to test bullish conviction. The first area of resistance broke down the very next day and triggered what would eventually become a 330-pip rally. The second area, on the other hand, was much stronger than the first. The 86...
Forecasts
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Francis Dogbe, 2 April 2016, 08:33 #price action
At the end of a tough quarter, the fraught debate over how policymakers should tackle the world's economic woes gets another airing in the coming week as central banks on both sides of the Atlantic publish minutes. Solid growth in U.S...
Banks
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Francis Dogbe, 2 April 2016, 08:32 #Fed
Weekly Trading Forecast: Dollar Slide and Euro, Equity Rallies Temper Yellen cut the legs from under the Dollar, but the currency hasn't simply collapsed. Market conditions may be tempering fundamental drive heading into the new quarter...
Analytics & Forecasts
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Mohammad Soubra, 2 April 2016, 07:38
The European Union (EU) is confronting a series of potentially existential threats, including the refugee crisis, ISIS terror, Russian adventurism, and Brexit (the potential exit of the U.K. from the EU...
Forecasts
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Francis Dogbe, 2 April 2016, 00:34
Economists are forecasting that a healthy 205,000 jobs were created in March, but the numbers may not add up as expected. Key in Friday's March employment report will be average hourly wages, expected to rise 0.3 percent and the labor participation rate, which has been edging up since October...
Analytics & Forecasts
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Francis Dogbe, 2 April 2016, 00:29
Britain’s current account deficit is the worst ever recorded in peace-time since the Bank of England started collecting records in 1772 under the reign of George III...
Market News
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Francis Dogbe, 2 April 2016, 00:29
I look at every theory and have read every good book on trading. I worked 15 years in the city with top league firms like Credit Suisse and Deutsche Bank. Whatever I try always brings me back to my original trading method...
Trading Systems
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Olivier Nomblot, 2 April 2016, 00:03
According to analysts from Danske Bank the jobs report showed that growth continues in the sector and the manufacturing data points to a positive turn in the cycle...
Analytics & Forecasts
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Vasilii Apostolidi, 1 April 2016, 20:57 #Fed