Moving towards the Us trading hours , The us dollar in consolidation mode waiting for clue on next trend direction. The upcoming US event which may likely further boost the dollar strength as mkts speculations on the likely timeline of Fed tightening. The US dollar making attempt with uptrend momentum against the Franc having declined in past weeks as expected. On my observations from technical and trend point of view GBP /CHF will be next in traders watch list , considering natural and simple p…
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It's that time again when all eyes will be on FED and US economic data as today we have two important figures scheduled to be release. Not only that we have the FOMC decision as main risk event on top of that we also have the US GDP figures and US employment figures. Market expectation for this week's FOMC meeting has not changed as QE tapering is on an autopilot and we should expect another $10B taper. The focus will be more on the updated Summary of Economic Projections (SEP) which will g…
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After yesterday ECB decision today we have another big risk event which may cause some serious volatility: NFP figures. I was not expecting to see that kind of behavior on EUR/USD after ECB's new market policy, however I'm not expecting EUR/USD to develop in to a new bearish trend not until 2015 and you can find more reasons why in my previous article: The Case for a Multi-year USD Bullish Trend Now coming back to the NFP report there is no way we can beat previous figures of 288k. First …
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With the recent announcements from the Federal Reserve about ending monetary stimulus and considering mixed economic data, I think most would agree that the market is behaving very good taking profits and responding to a non-inflation environment. For example, gold considered a barometer for inflation and gold is continuing a downward trend trading for less than 1300 per ounce which was predictable. For commodities, China reduced the demand for copper and industrial metals. And after signals…
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