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  • Trade Idea: USD/CHF – Buy at 0.8440

    Trade Idea: USD/CHF – Buy at 0.8440

    USD/CHF – 0.8595 Most recent candlesticks pattern    : N/ATrend                                    : Near term up Tenkan-Sen level                       :0.8593Kijun-Sen level                         :0.8576Ichimoku cloud top                     :0.8413Ichimoku cloud bottom                 :0.8224 Original strategy :  Buy at 0.8440, Target: 0.8600, Stop: 0.8405 Position: – Target:  – Stop:- New strategy  :   Buy at 0.8440, Target: 0.8600, Stop: 0.8405 Position: – Target:  –...

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  • US: The Effects of a Large Stock Market Decline on Growth

    US: The Effects of a Large Stock Market Decline on Growth

    Over the past month, equity markets have been declining, on the fear of recession and heightened uncertainty relating to European and US debt problems. In this document, we examine the pass-through from equity prices on the real economy. We conclude that a 10% fall...

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  • Commodity Currencies Slide; USD Gains in Early US Session

    Commodity Currencies Slide; USD Gains in Early US Session

    The commodity currencies, AUD, NZD, and CAD are sliding sharply in early US session. The USD is also very strong. Below are USD/JPY, AUD/USD, USD/CAD, and NZD/USD 5-min charts. The USD/JPY is rallying despite risk aversion. This shows that at the moment, with QE3 out of...

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  • Trade Idea Wrap-up: USD/CHF – Buy at 0.7900

    Trade Idea Wrap-up: USD/CHF – Buy at 0.7900

    USD/CHF – 0.7961 Most recent candlesticks pattern    : N/ATrend                                    : Near term up Tenkan-Sen level                       :0.8019Kijun-Sen level                         :0.8022Ichimoku cloud top                     :0.8117Ichimoku cloud bottom                 :0.8097 Original strategy :  Buy at 0.7950, Target: 0.8080, Stop: 0.7915 Position: – Target:  – Stop:- New strategy  :   Buy at 0.7900, Target: 0.8050, Stop: 0.7865 Position: – Target:  –...

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  • Trade Idea Wrap-up: USD/CHF – Target met and buy again at 0.8000

    Trade Idea Wrap-up: USD/CHF – Target met and buy again at 0.8000

    USD/CHF – 0.8073 Most recent candlesticks pattern    : N/ATrend                                    : Near term up Tenkan-Sen level                       :0.8026Kijun-Sen level                         :0.8026Ichimoku cloud top                     :0.7938Ichimoku cloud bottom                 :0.7925 Original strategy :  Bought at 0.7905, met target: 0.8010 Position: – Long at 0.7905Target:  – 0.8010Stop:- New strategy  :   Buy again at 0.8000, Target: 0.8120, Stop: 0.7965 Position: –...

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  • EUR/USD’s Loud Noise Causing Whiplash within the 1.4350-1.4450 Range; Breaking to the Upside

    EUR/USD’s Loud Noise Causing Whiplash within the 1.4350-1.4450 Range; Breaking to the Upside

    [WizardRSS: unable to retrieve full-text content] As I was wrapping up this article, the market is breaking above 1.4450. So, let’s anticipate the rally towards the 1.45-1.4517 high and if we can close above that today. Still, be careful of volatile action below 1.4517. EUR/USD’s recent volatility...

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  • Daily Report: Dollar Retreats from Highs as Traders Await Bernanke

    Daily Report: Dollar Retreats from Highs as Traders Await Bernanke

    Although the greenback rallied across the board yesterday as the Federal Reserve looked less likely to announce QE3, the greenback failed to extend yesterday’s gain and retreated quite sharply versus most major currencies. In the past 2-3 trading days, the greenback started to rebound...

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  • Trade Idea Wrap-up: USD/CHF – Hold short entered at 0.7965

    Trade Idea Wrap-up: USD/CHF – Hold short entered at 0.7965

    USD/CHF – 0.7893 Most recent candlesticks pattern    : N/ATrend                                    : Near term up Tenkan-Sen level                       :0.7919Kijun-Sen level                         :0.7923Ichimoku cloud top                     :0.7908Ichimoku cloud bottom                 :0.7894 Original strategy :  Sold at 0.7965, Target: 0.7830, Stop: 0.8000 New strategy  :   Hold short at 0.7965, Target: 0.7830, Stop: 0.7975 Remark: No update tomorrow, next Candlesticks and...

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  • FX Forecast Update: Dollar Depreciation Trend to Resume

    FX Forecast Update: Dollar Depreciation Trend to Resume

    Key points Dollar negative factors to dominate over the next 12 months and push EUR/USD towards 1.50 Still some value in the Scandi currencies as the market underestimate the risk of further monetary tightening USD/JPY to stay close to intervention levels as no support from...

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