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Forex News And Analysis |
Candlestick Daily: USD/CAD Short Trade Dropping from 1.0050 Resistance
CURRENCY CURRENT BIAS POTENTIAL STRATEGY EUR/USD (Short Term) Bouncing modestly from 3-month lows near 1.2900, see full report for more details GBP/USD (Short Term) Consolidating just above support at the Monthly Pivot, 1.6100 round handle. USD/JPY (Short Term) Yesterday’s sell trade invalidated as USD/JPY continues to stagnate below 80.00 round handle USD/CHF (Short Term) Encountering [...]
The majority of Greece’s next bailout tranche of €5.5bln today
S&P 500 (Jun 12) INTRADAY Review We had a short strategy for yesterday’s session as we expected the Eurozone political risk to continue to drive the risk-off move. We had an entry level at 1350.25 which was tested at 13.00BST and provided a great entry and from there the S&P sold off in a very [...]
Bulls Beware: AUD/JPY on the Verge of Another Leg Lower
With strong selling pressure clashing against a key area of buying support at 79.80, a strong breakout and continuation in one direction is likely by the end of Monday’s trade. Given the established downtrend, a potential bearish breakout would be more tradable. Commentary from Brad Gareiss and Matt Weller, Technical Analysts, GFT latest forex news
FX: Softer US PPI, Solid Canadian Job Growth
Over the past 12 hours, we have seen very little consistency in the performance of the U.S. dollar which is unchanged against the EUR, JPY and CHF, higher against the GBP and AUD and lower against the CAD and NZD. Although stock futures are pointing to Commentary from Kathy Lien & Boris Schlossberg, Directors of [...]
CANADA FX DEBT-C$ ends stronger after strong employment gains
* C$ ends slightly higher as job gains offset by global woes Reuters: US Dollar Report forex news
Movement has been decent in the currency pair this morning
S&P 500 (Jun 12) INTRADAY Review We had a short strategy for yesterday’s session as although the market sentiment had improved somewhat compared to Wednesday due to Greece receiving a €4.5bln tranche of the next bailout payment, we felt the upside was limited as the uncertainty surrounding the Greek political situation remained. Our short entry [...]
GLOBAL MARKETS-Shares fall on euro zone concerns, JPMorgan loss
TOKYO, May 11 (Reuters) – Asian shares slid on Friday, spawning declines in other risk assets, as deepening political turmoil in the euro zone fuelled concerns about global growth and a huge loss… Reuters: US Dollar Report forex news
EUR/GBP: Retest of .8000 Likely After Brief Bounce
Looking to the charts, we can see that last week’s gap lower took the EUR/GBP to new 3.5-year lows below .8070. The pair has since fallen to key psychological support at .8000, where it has found a floor for the past two days. Moving forward, significant previous support (from the prior 3.5-year low) at .8070 [...]
Euro Steadies But Concern Persists
A quiet night of consolidation in the currency market today with EUR/USD steady at 1.2950 level as markets continue to wait for resolution of the Greek parliamentary elections. Euro zone governments kept Greece afloat on Wednesday after agreeing to a payment of 5.2 billion euros from the region’s bailout fund. The EFSF agreed to make [...]
Update: GBP/JPY Long Opportunity at 128.07
We must slightly update this trade’s profit target. Commentary from Brad Gareiss and Matt Weller, Technical Analysts, GFT latest forex news
GLOBAL MARKETS-Stocks fall, bonds gain on Greek fears
* Greek political disarray spawns fears of deeper debt crisis Reuters: US Dollar Report forex news
GLOBAL MARKETS-Greece pressures euro, drives demand for German debt
LONDON, May 9 (Reuters) – The euro closed in on a three-month low and safe-haven German bonds rose on Wednesday as political disarray in Greece and the rising costs of fixing Spain’s banks fueled… Reuters: US Dollar Report forex news
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