Advance GDP q/q – USA We may see a lot of market volatility during this release especially Wednesday’s FOMC decision. If we get a positive data then we can see plenty of volatility in the USD. 7:00 PM IST—US Advanced GDP q/q Forecast 0.8% Previous 2.0%. We will be trading based on a deviation of […]

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The UK GDP had a lot of potential to trigger a volatility in the GBP but was quickly turned off when the news came in-line. This resulted in a lot of set-ups being deleted across Pound pairs especially the GBPCAD and GBPNZD. Our focus is now shifted on the US 4th quarter GDP which will […]

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A surprising vote that decided the direction on USD/JPY. The Bank of Japan Board voted to initiate a policy for negative interest rate which came in at 5 to 4 vote and decided to keep its monetary base at ¥80 trillion a year which came in at 8 to1. The Core CPI has added to […]

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We have broken past 1122 and moved to 1127 which was our third target. Gold retraced from this level and fell back to 1117. The current range is set in-between these levels, and if Gold dips below 1117 then it is only for new recruitments and it is a good idea to enter long in […]

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The pair fell sharply yesterday ahead of the Fed & remains weak even after the Fed signaled a dovish stance. The weakness in GBP/USD is due to the speculation that the Fed may not raise the interest rates for the year 2016 and the Bank of England may also let go of their plans to […]

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The central bank of New Zealand made no changes to the rates while, the NZD/USD gained in today’s trading session. They left the Cash rate unchanged but bounced back to the easing stance. The headline talks was that the inflation is expected to increase this year and will take a longer duration to reach the […]

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Dollar Yen is trading on the negative side in the weekly chart while we have seen some minor gains in the lower time frames. The price was kicked off by the weekly channel that served as a support to USD/JPY and is now heading towards the mid piece of the Channel. There are several hurdles […]

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EUR/USD is trading inside the wedge on the daily chart and this wedge has also trapped the recent range (support and resistance) in it. The break out direction is the one that we have to watch for now, once the pair breaks out, it has to potential to move 200 pips in that direction. The […]

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We have finally broken above 1109 as we head towards 1122, but as mentioned earlier the mid term resistance is at 1117 but we believe that Gold should break it with ease. On the weekly chart the 1117 is exactly positioned at the beak of the wedge and a break above this will expose the […]

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GBP/USD is trading on the upper channel on the hourly chart. The pair fell on Monday after the release of Book balance survey which dropped to –15% this month compared to –7% the last month, this brought back the weakness in Pound Dollar. Today’s UK calendar is empty and trades based on the Market sentiment. […]

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