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Bsappsfx blogQ4_Week_42: Market Outlook
Currencies: The USD has pulled back over the last week. This is expected after having a strong 30 day push up. EUR/USD has seen some relief this week and pulled back 140 pips, after a huge run down falling nearly 400 pips since mid-September. JPY has tanked over the...
Q4_Week_41: Market Outlook
Currencies: The dollar has consolidated over the last few days. Tonight we have the FOMC release, so we will keep an eye on this to see if we can get a breakout on the dollar. We are still massively bullish on the dollar, but when price action consolidates then we...
Q4_Week_40: Market Outlook
Currencies: The Dollar has had a pullback as we had anticipated. We are still overall very bullish on the dollar, and we are looking for reasons to buy this. However, NFP is tomorrow which has led to this week having very low volume – an indication that NFP could be a...
Q3_Week_39: Market Outlook
Currencies: The dollar has continued its push up, with a lot of momentum this week. We have seen EUR/USD fall 160 pips and GBP/USD fall 300 pips off the back of this. “Last week’s Fed meeting added fresh life into the debate about a potential hike in the fed funds...
Q3_Week_38: Market Outlook and World Affairs
Currencies: The Dollar has seen a strong push up this week, but we are anticipating a pullback from these levels. GBP/USD has hit a low 1.36, a 300 pip decline since hitting a high of 1.39 - 10 days ago. Although we are anticipating a pullback, for continued USD...
Q3_Week_37: Market Outlook
Currencies: The USD has been consolidating over the last few days, and because of this we are waiting for the breakout to confirm the direction. Our overall bias is still bearish, but we will need to wait for the breakout to confirm this. We have the Retail Sales...