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Small Losses for the Euro

The diverging monetary policies between the ECB and the Fed will keep the downward pressure on the Euro. Looking at the longterm, the pair has been strongly trending lower since May of 2014. The EUR/USD lost over 3,500 pips before stabilizing somewhat in Q2 of this year.
But on the shorter time-frame things look complicated. The single currency has stayed mostly in a range since for the past 2-3 months. The pair is still exhibiting a slight bearish bias however. On the chart below we can see a d…
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Fed Staff Bets on 2015 Rate Hike

The Fed published forecasts by its staff that show a 2015 rate hike. The mishap, which is currently under investigation by the federal prosecutors, predict a 0.35% rate for Q4 this year. This is about 25 basis points above the current rate, meaning the staff sees one hike this year.
The July meeting next week seems like a long shot for a rise but now September and October are back on the table. Analysts at JPMorgan and Barclays said that the leak suggests a hike before December. This should supp…
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pipx avatar
pipx 26 Lug

I don't think was a mistake just made to appear like one, then see what happens on Monday open. From there then decide what the real rate should be.

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Markets Grind to a Halt Ahead of FOMC

Markets are grinding to a halt ahead of the important FOMC meeting today. The Euro's total daily range is currently only 24 pips, with a high at 1.2747 and a low at 1.2723. Added to this is the fact that there is no clear market direction. The Euro is flat, the Pound is down while the Aussie is up against the Dollar.
The Federal Reserve is widely expected to end QE3 at its meeting today. Market participants will be looking carefully at the statement for cues on when we can expect the first inter…
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Betting on Dollar Weakness Pays Off as Fed Agrees!

Another great day for me. I've been betting that the gains seen in the US Dollar were overdone. I placed a EUR/USD long at 1.2655 and USD/DKK and USD/CHF shorts. All trades are now well in the green, with the Euro leading the pack at +79 pips.
The EUR/USD had an upward bias for most of the day but it wasn't until the release of the FOMC minutes that a major rally got underway. The minutes highlighted a growing concern among FOMC members that further gains in the dollar could hurt exports and dam…
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VictoriaVika avatar

Best of luck )

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