Elliott Wave Forecast: EUR/GBP - Buy at 0.8485 or on break o
Yesterday's strong rebound suggests a test of resistance at 0.8598 would be seen, however, a break there is needed to suggest a possible upside break of recent range and bring subsequent rise towards previous resistance at 0.8637, having said tha
Elliott Wave Forecast: USD/CAD - Buy at 1.0090
Despite intra-day rebound to 1.0239, current retreat has retained our view that near term downside risk remains for another fall to last week's low of 1.0137, break there would extend the decline from 1.0421 top towards 1.0090-00, however, sharp
Ichimoku Signal Update: EUR/USD - Stand aside
Although the single currency has risen again after holding above the Ichimoku cloud top yesterday and near term bullishness remains for recent upmove to extend gain to 1.3434 (previous resistance), weakening of upward momentum should prevent shar
Ichimoku Signal Update: USD/JPY - Stand aside
Despite yesterday's rebound to 95.77, as the greenback has retreated after faltering below indicated resistance at 95.80, retaining our view that a possible triangle formation is underway and pullback to the Ichimoku cloud bottom (now at 94.66) c
Top Trade Idea for July 19th, 2013 EUR/USD
The EUR has been one of the top three performers versus the dollar in the G10 over the last month. It has traded in an uptrend ever since Fed chairman Ben Bernanke announced that the Fed could taper asset purchases during his testimony to Congress last...
EUR/USD Testing 1.34 as Spotlight on Federal Reserve
The Federal Reserve has repeatedly stated that it will stick with the current program until it sees an improvement in the US economy, especially in the employment market. Currently the Fed purchases $85 billion in assets every month. If the Fed does ...
Are EUR Bulls Prepared For The FOMC Decision?
So far there have been no surprises - consolidation is the name of the game this morning before 'helicopter' Ben gets to his press conference. The G10 major currencies have essentially traded sideways ahead of today's FOMC economic projections, s
European Market Update
Risk appetite/aversion sentiment hinges on FOMC economic outlookNotes/Observations
Japan exports rise at fastest rate in 2 years; May Trade deficit was narrower than expected, and both imports and exports registered double-digit y/y gain
Bond-Purchase Vote 3-6 For Fifth Straight Month: BOE Minutes
Policymakers at the Bank of England were split again on the outlook of monetary stimulus for the fifth consecutive month, but a majority said the recovery was adding steam, June 5-6 meeting minutes showed Wednesday.
BoE Minutes: MPC Members Unanimous On Rate, Split On APF
The Bank of England has released the minutes of the final policy meeting of Governor Mervyn King, held on June 5 and 6 where the Monetary Policy Committee maintained the size of quantitative easing at 375 billion pound and the key interest rate a
BOE Releases Minutes Of King's Last Policy Meeting, Mansion
Global markets are in for a busy day with U.S Federal Reserve policy decisions, along with the minutes of the Bank of England`s Monetary Policy Committee latest meeting, both expected to grab investors focus.


