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Tag Archives: gbp

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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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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Elliott Wave Analysis on EURUSD and USDCAD

EURUSD EURUSD has turned up in mid-March making the bullish price structure much more complicated. We are looking at the big blue wave C-circled, that can be finished now if we consider sub-waves on the 4h chart where we ...

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EUR/CZK: Tenacity

The most significant advantage of European Union membership is having access to an enormous free trade zone. One significant disadvantage is the incomplete Eurozone along with a collection of central banks, whose unilateral actions unintentionally affect each other. About 52% of Czech exports and about 50% of imports transact with Eurozone members. Over 15% of...

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Positive mood ahead of important Chinese data

Commodity currencies are leading the charge in a positive sentiment that keeps EUR/USD in balance and the yen on the back foot, quite different than previous days. The next market mood depends a lot on Chinese trade data: these are figures that are hard to disguise. Watch out for the changes in ...

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Market volatility rises

Currency markets are in what can only be described as a state of flux at the moment. Leaving aside the yen, which has risen for the past seven consecutive sessions, we’ve seen the dominant trends of the past few weeks partially reversed (or at least stalled), making the bigger directional movements far harder to call. ...

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Dollar remains down – will the Fed come to rescue?

The US dollar remains on the back foot as a new week begins. This is wide and not limited to the unstoppable yen. Amid a light-calendared day, a closed Fed meeting gathers some attention. Will we have any announcement of significance? ...

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