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04 - Yellen and the USD

Dollar rises before yen waiting for Yellen
The dollar floated between highs and lows against other major currencies on Tuesday, 3, with the market awaiting speech from Federal Reserve chairman Janet Yellen and key economics data of the United States, such as the September payroll report.Investors are hoping to find new clues about the pace of monetary tightening in the US in Yellen's speech on Wednesday afternoon.
In addition, the foreign exchange market has limited trading until the payroll is …
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Markets Waiting for Yellen & Draghi

FX markets entered a "wait & see phase" with low liquidity this morning as investors are awaiting policy clues from Chair Yellen and President Draghi. USD is up against Japanese Yen but lost some ground to Sterling which is correcting higher. Dollar also lost a bit to AUD and CAD.
I expect Chair Yellen to send a mildly hawkish message which should be very supportive for American dollar. The most anticipated however is ECB President's speech that will take place in the afternoon US time and alre…
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11 - Waiting for Yellen

Investors are expecting the two interventions the US Federal Reserve Chairman will make on Wednesday and Thursday before the Financial Services Committee of the House of Representatives to explain the way forward for Economic developments and monetary policy.
In the US markets, there is now a climate of expectation regarding the two interventions that the US Federal Reserve Chairman will make this Wednesday and Thursday before the Financial Services Committee of the House of Representatives to e…
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USD/CHF

Technical Indicator Used:
horizontal/vertical lines
support/resistence
EMA 200/ 100/ 50/ 20
fundamental:
SNB will fight against strenghtening Swissfranc. However SNB looks mainly on Eur/CHF and not USD CHF. USD/CHF always very close to the EMA 200/100/50/20
Weekly Chart:
Monthly Chart:
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USD/JPY

Technical Indicators used:
horizontal/vertical lines
support resistence
EMA: 200 / 100 / 50 / 20
Fundamental:
Japan still fight deflation, Fed will soon Hike Rates / Correlation to the S&P 500.
Weekly Chart:
Monthly Chart:
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GBP/USD

Technical Indicator Used:
horizontal/vertical lines
support/resistence lines
EMA 200 / 100
Bollinger Bands
Fundamentals: US is expected to hike rates /Gbp eased to fight against uncertainity of Brexit. Inflation rises and Carney may be forced to hike rates.
Weekly Chart:
Monthly Chart:
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EUR/USD

Technical Indicator Used:
horizontal/vertical lines
support/resistence
EMA : 200 , 100
Bollinger Bands
Fundamentals:
US: Rate hike cycle
EU: No tapering
Trends: Weekly, Monthly down / daily up
Eur/Usd is correcting up to ema 200, some change of fundamentals could support this thesis.
Weekly Chart:
Monthly Chart:
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20/03/2017

Euro correction against the dollar is still in progress with the main target at the 1.0828 level.
After three consecutive advances, sterling is struggling to find means for a surge till the 1.25 level.
Dollar/yen remains on the back foot and losses might be extended till below the 112 level during this week.
Today, gold rose till the 1.233 level, the highest since March the 6th, with analysts naming this recent strength as technical buying in face of dollar weakness.
On Thursday, Fed Chair J…
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No Pullbacks To Join The Dollar Buying Party

The dollar buying continues with no significant pullbacks to join the happy party. This is especially evident in USD/JPY which went from 111.60 all the way to 114.55 without any stops and there were only very meaningless pullbacks not exciding 40 pips. How do you join the dollar long happy party in such environment? I would love to buy the pair at 113.20 but for now there is no signs it might travel there. Perhaps today before Yellen's speech event we'll see some retrace on profit taking. In the…
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Markets Are Waiting for Yellen

Dollar has halted its rally for now and the markets are awaiting fresh clues from Janet Yellen during her
congressional testimony today and tomorrow. Euro, British pound and yen rebounded against the US dollar modestly during the Asian session and will most likely advance a little more ones London trading opens. One noticeable thing that happen in early hours of trading was the fact that antipodean currencies(especially AUD) have not made too much advances even though the Chinese economic data …
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