Top trade idea for December 9th, 2016 – NZD/USD

Clean and Simple Occasionally, after trawling through hundreds of charts, you find a trade that cleanly fits all of your trading plan’s rules. Those focussed on Bollinger Bands as a technical indicator may have that thrilling experience in NZD/USD. Saving a thousand words: The pair traded out through the top …

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Politics Not Fundamentals Guides the ECB

Five things the markets are talking about Can Draghi afford to rock the boat today given what’s happened in Italy and what’s going on with the banks? The case for the ECB leaving policy unchanged centers around politics. ECB officials will decide the fate of their €1.7T bond-buying program that …

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Tapering Wrapped in a Lovely Bow

Post Announcement Reaction The ECB announced today that it will begin tapering (or not as Draghi later claimed, just something that strongly resembles it) its asset purchases from April next year in a clear sign that it is reaching the limits of what it is willing to do under the …

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Top trade idea for December 8th, 2016 – USDCHF

The USDCHF pair is one currency pair that it is extremely tricky to trade. There are multiple reasons for this, but the main ones are: the CHF is being viewed as a safe haven currency, and the SNB (Swiss National Bank) is one central bank that constantly intervenes to support …

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Lower GDP Takes Wind From AUD Sails.

A much lower than expected Australian 3Q GDP sends the AUD lower across the board. Australian Q3 GDP fell by a much lower -0.5%q/q today against a consensus forecast of -0.1%. Household spending has failed to recover from a lacklustre Q2, and across other sectors, house construction, CapEx and government spending were …

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Pound Suffers, EUR Contained, BoC Next

Five things the markets are talking about The markets focus now switches to monetary policy with today’s Bank of Canada (BoC) and tomorrows ECB rate announcement. With the market expected to hang on every word from the respective Governors, Poloz and Draghi, investors are sure to see asset price movement …

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