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  • IronFX UUIIFXBR

    EURUSD shot up on Friday after finding support at 1.0610 (S2). Nevertheless, the surge was halted below the resistance line of 1.0910 (R1), which also happens to be the 50% retracement level of the 26th of February – 13th of March decline. Taking into account that the rate is trading above the prior short-term

  • Fx Pro UUIIFXBR

    The result of last week’s change in Fed language was a reversal of the recent dollar strength, together with new highs in Eurozone equities. The Eurostoxx 50 has risen for seven consecutive weeks, whilst the UK FTSE has broken through the 7,000 level. On the face of it, the QE party has further to run

  • Jarratt Davis

    Click here to learn how to use my trade calls!     Originally updated: 07:45 Trading Bias: LONG Currency pair: USDCAD Current Sentiment: Bullish In today’s trading session we will be focussing on buying opportunities on the USD/CAD. Fundamentals: Toady we…

    The post Trading Outlook – USDCAD appeared first on Jarratt Davis.

  • Swissquote UUIIFXBR

    The US dollar got hammered in New York before the FOMC-week’s close. The majority of the G10 and EM currencies outperformed the USD as the Fed-hawks were left unsatisfied with lower Fed normalization path, although the Committee dropped the word “patient” from its statement at last week’s meeting. The Fed dots median forecast shifted significantly lower, from 1.125% to 0.625%, suggesting either

  • IronFX UUIIFXBR
    Forex » EUR/USD gives back all its FOMC gains
    IronFX - March 20, 2015, 08:32 GMT

    EURUSD tumbled on Thursday and gave back all its gains achieved on Wednesday after the FOMC decision. The fall was halted at 1.0610 (S1) and subsequently EURUSD rebounded somewhat. I still believe that Wednesday’s rally was a 61.8% retracement of the 26th of February – 13th of March decline, and that the bears will

  • IronFX UUIIFXBR

    • Surprise surprise! Central banks keep rates steady! Yesterday I mentioned that a rate hike by Norges Bank was as certain as the Swiss National Bank (SNB) floor for EUR/CHF. I meant it as a joke, but it turned out to be true. Norges Bank did not cut rates. It was a measure of the

  • Jarratt Davis

    Click here to learn how to use my trade calls!     Originally updated: 08:00 Trading Bias: Short Currency pair: EUR/CAD Current Sentiment: Bearish In today’s trading session we will be focussing on Canadian core CPI later in the session. Fundamentals: Expectations are…

    The post Trading Outlook – EURCAD appeared first on Jarratt Davis.

  • IronFX UUIIFXBR

    EURUSD flew approximately 400 pips higher after the Fed, despite dropping “patient”, lowered its interest rate trajectory and downgraded its view on economic growth and inflation. EURUSD moved above the near-term downtrend line taken from back the peak of the 26th of February to hit resistance at 1.1045 (R2), close to the 61.8% retracement

  • Fx Pro UUIIFXBR

    Dollar bulls were squeezed last night as we saw some dramatic moves in FX markets with the dollar plunging after the Fed lowered its inflation and growth forecasts last night. There was every likelihood of there being a spike in volatility during and after the FOMC decision which we warned about yesterday, as well as

  • JFD Brokers UUIIFXBR

    The greenback weakened against its main rivals Wednesday after the Federal Reserve’s monetary policy statement implied that the central bank will keep its benchmark rate lower for longer time, which have been kept at a record low since the financial crisis of 2008. The Federal Reserve removed the word ‘patient’ from the FOMC statement and