The confidence in US economic recovery is gathering momentum and report last week by WSJ about FED mapping up a strategy for unwinding QE has substance, as FED Doves are joining the Hawks bandwagon in a hope that chances of unwinding of FED’s asset purchase program is increasing, since US economy looks in a better shape.On an average, consistent growth this year is visible in manufacturing and housing sector. In last six-months over 1.2 million jobs were created. US Consumer is showing their…See More
Before I discuss my analysis of the aforementioned currencies, I highly recommend that you do not trade according to my thesis. This is my opinion and my opinion alone. I am NOT affiliated with any forex website, broker, or similar market participant. I recommend that you stick to what is working and use the information below either as fodder or to challenge your thinking. As for disclosure, I am all cash BUT would consider swing trading the CAD on a break above 1.0315 or below 0.9950; on the…See More
EUR/USD suffered a second week of significant falls after euro-zone figures disappointed and the dollar kept advancing. Is the pair ready to recover or are we going to see more drops? Flash PMI’s and German Ifo Business Climate are the highlights of this week. Here is an outlook for the main events and an updated technical analysis for EUR/USD.Eurozone economic data was …See More
AUDUSDRecent actions by the RBA sent the AUD falling hard. While there is support around .9700, it looks like it could continue to fall to the low .9000 levels in the coming months. The COT report shows that noncom positions are significantly long (l:80,000 vs s:30,000) and the small specs are short (l:22,000 vs s:37,500). I'm looking for a break below .9700 to go short.EURUSD…See More
Thank you for taking the time to post but I think you over looked the actual question and the importance of it but thank you for responding once more with some wonderful analysis and chart to boot.
First Clue for…"
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