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EUR/USD wary of Draghi (for now)

The big event of the week is here, and EUR/USD is retreating ahead of the decision. Is the market awaiting the ECB to re-open the door to more easing? Will we get hints of helicopter money? The once unthinkable and still wild idea of...

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Elliott Wave Analysis on AUDUSD and USDCHF

AUDUSD AUDUSD is turning up since Monday when the market found support at 0.7628 after a Sunday gap, so it looks like the pair is making a bigger wave 5) than before, as the leg up from 0.7486 can be in five waves, now still only in wave 3. That said, we ...

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EURUSD , GBPUSD , USDJPY and XAUUSD TA – April 20 2016

EURUSD Daily Analysis EURUSD (1.13): EURUSD posted some major gains yesterday after nearly three days of moving in a small range. Price is back trading above the $1.13 – $1.135 handle and could potentially threaten the $1.140 region. The 4-hour chart continues to show the hidden divergence, and unless EURUSD manages...

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Commodity cool down and tension towards the ECB

The dollar was sold off heavily on Tuesday but now we are seeing some profit taking. The pound awaits the jobs report after Carney’s Brexit warnings and the end of the Kuwaiti strike weighs on commodity currencies after their big achievements. For the Canadian dollar, another ...

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ECB Preview: Hints of helicopters to push down EUR/USD?

The concept of a the central bank handing out money to citizens seems inconceivable, but when there’s a will, there might a way, especially as government seem incompetent at creating any kind of growth. Throwing money at the problem in this type of manner is still quite improbable...

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USD/CAD falls with the Doha effect – levels to watch

The Canadian dollar was the clear loser from the Doha Disappointment: the oil ministers did not reach any kind of accord, oil plunged and the Canadian dollar dropped across the board with significant weekend gaps. But oil and forex are never one way street ...

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GBP/JPY a Brexit play, Outlook for Oil, FTSE, EURUSD and Gold

EUR/USD and Gold upside ahead, FTSE higher before lower, Oil a difficult trade, says Brenda Kelly, Head Analyst at London Capital Group, as she offers the technical outlook for GBP/JPY, EUR/USD, Oil – WTI, FTSE and Gold price, joined by Zak Mir, Technical Analyst at Zak’s Traders Café. ...

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Is China out of the woods? – MM #99

The world’s second largest economy is eyed by many with worries. We dive into the recent data and try to explain the good, the bad and the ugly before talking about the upcoming week, overshadowed by the  You are welcome to listen, subscribe, provide ...

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Will the oil spill continue affecting markets?

No deal in Doha means a drop in commodities and a rise in the yen. The gloomy Monday morning mood could continue despite talk that the freeze talks may not be fully over. For now, the weekend gaps are certainly intact. ...

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