Forex

Posts Tagged ‘decline’

The Cable is underperforming in the midst of a rally in the rest of the risk trade. The Pound is being punished in reaction to comparatively weak UK fundamentals. Weaker than expected manufacturing and construction PMI's along with a discouraging decline in home prices has wiped away the optimism generated

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• Technical Analysis Daily: EUR/USD (0)
• GBPUSD – Trades Cautiously Above LT Trendline (0)

EURO: The Euro (1.2788) shooted up to as high as 1.2855 levels in yesterday's US Session post the data release from the US increasing the risk appetite in the market. It broke past its resistance of 1.2780 as short covering builded up as it consolidates some of the decline off

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• EUR/USD – Will Volatility Tighten Ahead of NFP? (0)
• Market Morning Briefing (0)

This is a follow up to this mornings EUR/USD update, where I was stalking the correction rally. So far the market has held the pair below 1.2740, an important area as I mentioned.It has become a pivot for a decline in the US session. The decline now tests the 1.2670

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• Foreign Exchange Market Commentary (0)
• Foreign Exchange Market Commentary (0)

Euro slowed down as the sharp decline from the highs found a temporary support at 1.2587 zone. We can count clear five waves down from the highs, which confirms a temporary change in larger trend. However, upward pull-back all the way towards the 1.2900-1.3060 zone could be seen in a

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• USD/JPY: Anticipating Another Rally Swing to 87.70 (0)
• EUR/GBP Pullback Complete (0)

Well, this has slipped lower with price mainly decoupled from the other two European currencies. This part of the decline appears to have potential to the 1.0186-00 area (probably the higher end) but from there should see a correction higher. It's difficult to know exactly where the correction will end

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• EURGBP: Struggling To Initiate A Recovery (0)
• FX Thoughts for the Day (0)

The Pound dipped further during the day, to a low near 1.5372, just above 1.5368, our projected Max Low for the Day. It might not extend the losses further today. But, if and while it remains below 1.5425 for today, there would be good chances of further decline tomorow. There

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• Foreign Exchange Market Commentary (0)
• The Daily Forecaster: GBPUSD (0)

EUR/USD was in consolidation, possible a wave 4 in the wave a until the market rejected a rally above 1.29. The decline is likely wave 5 of a so a b wave can be expected to follow. That is my preferred count, which would be followed by a wave c.

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• EURUSD – Watch The 1.2456/1.2328 Levels, It’s A Big Support Zone (0)
• The Daily Forecaster: GBPUSD (0)

The downward break of 1.3000 support confirmed the negative scenario, leading euro close to 1.2800 area. EUR/USD formed a sharp rise at the 1st of July, which probably ended with yesterday's sharp decline and the downward move is now likely to be resumed. Sentiment changes in the markets and risk

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• EUR/USD- Technicals and Forecast, Foretell of a Fall (0)
• Daily FX Report (0)

Euro's decline accelerated after breaking below 1.3100 and 1.3000 yesterday, printing a session low at 1.2830 which was 350 points down from the daily open. Dollar's appreciation across the board comes after the Fed said that the U.S. economic growth slowed hence the sell off in most risk

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• Foreign Exchange Market Commentary (0)
• Daily Technical Outlook (0)

Euro moved lower in this week and finally broke through the red support line, which suggests that top is in place. Technically, the pair should now be headed lower, where an impulsive decline could be seen, with moves well below 1.3000 region. MACD is showing a double bearish divergence, which

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• The Daily Forecaster: USDJPY (0)
• USDJPY: Looks To Weaken Further (0)