Top trade idea for July 26th, 2016 – AUD/USD

AUDUSD has turned down from 0.7834 high in May after wave C-circled completed a big corrective wave IV flat pattern. A flat has a 3-3-5 sub-wave structure, so it was a contra-trend movement that should send price back to the lows. So far, market made a very good and strong …

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Gold Steady at $1320, Markets Eye BoJ, Fed Meetings

Gold has edged lower on Monday, as the metal trades at a spot price of $1320.49 per ounce in the North American session. It’s a quiet start to the trading week, with no US releases on the schedule. On Tuesday, there are two key releases, CB Consumer Confidence and New Home Sales. We …

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USD/CAD Canadian Dollar Lower as Oil Tumbles

The Canadian dollar started the trading week on the wrong foot after oil futures dropped with the prospect of further drilling in the U.S. to add to the already oversupplied market. With little economic releases this week on the Canada front at the beginning of the week the CAD was …

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BoJ, Fed and Earnings to Dominate This Week

It’s been a relatively quiet start to the week in the markets but this should pick up quite considerably with a couple of big central bank decisions to come and more than a third of S&P 500 companies reporting second quarter earnings. The stand out central bank decision is the …

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CANADA: Consumer Price Index, June 2016

The Consumer Price Index (CPI) rose 1.5% in the 12 months to June, matching the gain in May. Excluding gasoline, the CPI was up 1.9% year over year in June, equal to the increase in May. 12-month change in major components Prices rose in all major components in the 12 …

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Central Bankers Take Center Stage

Both the FOMC and Bank of Japan will share the centre stage this week but let us not forget the Austalia Q2 CPI, which will be vying for some of the spotlights. Federal Reserve -Conundrum  The Federal Reserve Board( Feds) capably stage- managed a masterful decline in real US rates in …

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USDJPY and JPY Crosses. Storm Clouds Gathering

A quiet end of the week in Asia but storm clouds appear to be gathering from a technical perspective on JPY Crosses. Asia definitely has a “Friday” feeling about it today. G-20’s this weekend, BOJ and FOMC next week. Plus, most importantly for this Kiwi, the start of the Super …

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Top trade idea for July 22nd, 2016 – EUR/USD

Draghi’s dilemma puts EURUSD double bottom in play The ECB’s caution on post Brexit stimulus has seen the Euro pause at chart support. Today’s Flash PMI data might decide whether this turns into a full corrective rally Yesterday, the ECB signalled its perfectly sensible intention to wait until it has …

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