After the monetary policy statement this morning, all the JPY pairs move 200+ pips and continued the direction for the 4th straight hour. What caused this drastic changes and violent move which caught most of the traders? BoJ eases further, expands base money target to Y80trillion. Kuroda Surprises With Stimulus Boost as Japan Struggles Bank […]

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EURUSD The EUR/USD pair finished at 1.2646 yesterday, after having faced rejection around 1.2680 levels. The pair is trading slightly up today near the 50 SMA level of 1.2660 on the hourly chart. Meanwhile, the hourly RSI has breached 50.00 levels on the upside, opening doors for a further strength in the Euros. However, the […]

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EUR/USD The EUR/USD pair finished at 1.28 levels yesterday after prices bounced back from the 10-day moving average level of 1.2734. The pair is trading at 1.2819 levels, having recovered from a low of 1.2788 levels. Moreover, the pair failed to sustain below the 5-day moving average level of 1.2805 as the daily and the […]

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Market movers today US industrial production is expected to rebound in September on the back of subdued industrial production in the previous two months. The overall picture remains that growth in industrial production has eased a bit in Q3 compared with Q2. The NAHB house builder survey for October will give the first early indication […]

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Dollar weak, euro weaker… Yesterday, the news flow was euro negative. Low inflation in the UK and in Sweden, a poor ZEW investor confidence and weak EMU production data all weighed on the euro. EUR/USD dropped to the mid 1.26 area. Euro weakness rather than dollar strength was the name of the game. The dollar […]

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After the sell-off of risky assets last week, there was no sign that the storm had past, especially not for US equities, even as a lot of traders enjoyed a holiday for Columbus Day. Initially, the negative fall-out of (US) equity performance on core bond yields and on the dollar was limited, but a forceful […]

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EURUSD Current Level – 1. 2658   Last week's slide from 1.2791 has been reversed at 1.2603 and current intraday bias is positive, for a rise towards 1.2820 major resistance. Initial minor resistance is projected at 1.2715 and key support on the downside lies at 1.2648.   USDJPY Current level – 107.35   The downtrend […]

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EURUSD bear trend reversed. A firm push through the solid resistance area at 1.2700/16, and the key trend line resistance, now 1.2685 for a shift to a range them into mid-October. We now see a range defined by 1.2995 above and the support at 1.2502/00. Within the range, a positive bias points to 1.2760/70 and […]

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Upcoming news CAD: Housing Perm its unexpectedly plunged by 27.3% in August so will be interested to see if Housing Starts also mirrors this. With USDCAD looking heavy below resistance then any strength from US housing may provide short swing trades leading up to the FOMC minutes. USD: FED minutes tonight will no doubt hog […]

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Analysis and Recommendations: Stop loss at 1.25 Entry level at 1.269 First Target profit at 1.285 second target at 1.312 and stay long if breaks the second level. Economic for the Dollar’s looks like Uncle Sam rally is running out of steam, Global equity markets extended a rally on Monday that drew strength from a […]

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