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Bullish Bullard to help the weakening dollar?

After two Fed officials send mixed messages over the weekend, James Bullard of the St. Louis Fed will likely weigh in in favor of a rate hike in June. The US dollar opens the week slightly lower. Also watch out for euro-zone ...

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Elliott Wave Analysis on AUDUSD and NZDUSD

AUDUSD AUDUSD is currently falling from highlighted resistance levels (around the formal wave four) as displayed on the chart. We marked the highs of this pullback as the black wave 4 so the pair should move lower to complete wave 5 sequence in the...

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USD takes a breather – Live Market Open

The US dollar is taking a break from its rises after commodities, including oil, recover from the lows. The greenback continues trading in a uniform manner across the board. Will we see a new move today? Join me for a live market open, hosted by FXStreet: walking though recent developments and ...

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Elliott Wave Analysis on USDJPY and AUDUSD

USDJPY As expected USDJPY hits 110.67 level which was our minimum upward objective last week, based on the projection for a third wave up that we marked it as wave C or wave 3. For now it can still be a little early to confirm if the rally up is corrective ...

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Elliott Wave Analysis on AUDUSD and Silver

AUDUSD AUD may turn bearish against the buck, but a recent pattern suggests another wave up to a new high, before the bears may step in. Notice that we are tracking an ending diagonal very closely; it’s a powerful reversal pattern with slow and overlapping price waves that causes a strong ...

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Fed in focus, BOJ could bite

The last trading week of April is certainly a busy one. The Fed convenes and they could bury the last remaining hopes for a rate hike in June. They will also have the preliminary GDP report and hint about it. In addition, we have rate ...

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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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