The outcome of the Fed statement early this morning was more or less the same as what we pointed out in the last few days. Dovish!!! They acknowledged the slowdown in the labor and domestic market while the inflation was well below the set targets, the dovish comment signifies that the June rate hike is […]

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USD/JPY is flirting with the lower support levels and 50% Fib at 118.77 levels. The one hour chart gives us no clear indication, but we can see that lower highs are being formed in the recent trading candles. On a positive note if the Fed surprise the market with a rate hike then this one […]

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Euro zone finance ministers unpleased despite actions from Yanis (Greece finance minister). Yanis was seeking conventional method to access a portion of the funds left for the bailout numbering in at euros 7.2 billion out of the 172 billion bailout funds. Last meeting held at Riga on Friday has yielded nothing which could dissolve the […]

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The pair declined since open following the inverse hammer formed on the daily chart, the previous candle indicated a move up but it turned out to be a mild fake out for the day, yet still holds ground for the week. The pair has not yet surpassed the 1.06553 level. There is a rising trendline […]

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We can see a minor gains in EURUSD to 1.0825. This pair traded with a lower note during the early Asian session and slipped back into the negative zone beginning Eu open on concerns over the debts from Greek. The downfall seems to be a sort of a short covering just to witness that the […]

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The GBP/USD pair inched higher to 1.4878 earlier today, before erasing gains to trade at 1.4833 levels. The British Pound gained in the previous session amid the absence of fresh economic data out of the UK. The three day gains seen in the sterling were largely driven by the disappointing US data and bearish growth […]

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The single currency is recovering some ground following the release of the Spanish inflation figures, with EUR/USD 1.0560/65. EUR/USD keeps the red The demand for the euro remains subdued on Tuesday, although the pair is now attempting a recovery after consumer prices in the Spanish economy rose 0.6% from February to March and contracted 0.7% […]

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Technically, a break below 0.722 would confirm a Double Top to target 0.704. However we doubt we have the required catalysts to drive it to target this week, making the Double Top something to keep an eye on next week. With a lack of Eurozone data tonight (excluding anything from Greece) then we may have […]

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USD/JPY extends overnight gains and hovers near highs above 120 handle, as the US dollar remains supported by the latest FOMC minutes which turned out to be quite hawkish as Fed officials remain divided on a June rate lift-off. USD/JPY holds above 120 Currently, the USD/JPY pair trades 0.15% higher at 120.31 levels, retreating from […]

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The pair remains on a narrow range on Tuesday, focused on the final releases of the Services PMIs in the euro area. In late March EUR/USD briefly probed the 1.1037/98 resistance area before being rejected by it. It is made up of the March 18 high and the January low. It has been revisited these […]

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