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The Euro remains heavily shorted by retail traders

News by Allie Longford on 20:57 EST Octuber 15, 2017
Retail traders remain aggressively short against the euro at the start of the third week of October.

EURUSD weakness warns of another leg down

Tech analysis by Simon Kazinsky on 12:16 EST Octuber 09, 2017
The pair hit resistance on the moving average that has previously acted as support on the monthly chart and now, as tends to happen, appears to serve as resistance.

Standard and Poors 500 touches a multi year fibonacci ratio

Tech analysis by Simon Kazinsky on 14:26 EST September 18, 2017
It has finally made it.

Markets mutted as FED minutes are released

News by Newsroom on 14:05 EST August 16, 2017
No major moves on the currency and stock markets after the FED released its last meeting minutes on Wednesday.

Michigan Consumer Sentiment also on target

News by Newsroom on 10:03 EST July 28, 2017
Following a US GDP reading in line with expectations, Michigan Consumer Sentiment follows the same suit.

US GDP on target

News by Newsroom on 08:33 EST July 28, 2017
Gross domestic product in the US grew by 2.6% annualised on the second quarter according to the latest report released on Friday.

FED leaves rate unchanged will normalize its balance sheet in due course

News by Newsroom on 14:07 EST July 26, 2017
Nothing unexpected on the FED statement on Wednesday.

UK unable to grow despite stimulus and a sinking pound

News by Allie Longford on 05:44 EST July 26, 2017
The latest GDP figures released on Wednesday by the ONS indicate the UK remains unable to grow in a significant manner.

Trump continues to take credit for the stock market bonanza

News by Allie Longford on 18:13 EST July 16, 2017
The 45th US president arrived to the White House last year mastering different skills.

Non Farm payroll higher than expected send stocks marginally up

News by Newsroom on 08:33 EST July 07, 2017
220,000 new jobs created above expectations of 177k.

FED Yellen: Not another financial crisis in 'our lifetimes'

News by Allie Longford on 10:02 EST June 28, 2017
Probably marking the top, Yellen said at an event yesterday in London:

Euro ramping higher on ECB Draghi comments

News by Newsroom on 09:57 EST June 27, 2017
The euro surged to 1.128, its highest in over a week against the dollar on Tuesday, after European Central Bank President Mario Draghi said factors weighing on inflation in the euro zone were temporary and the Bank could look through them.

The Kiwi melts up after the RBNZ left rates unchanged

News by Newsroom on 00:44 EST June 22, 2017
The Reserve Bank of New Zealand (RBNZ) left te cash rate unchanged at 1.75% as expected and delivered a neutral policy bias, indicating that interest rates are likely to remain on hold for “a considerable period” on Thursday.

Commodity currencies dominate in the Currency heatmap chart

News by Simon Kazinsky on 00:21 EST June 22, 2017
The trident of kiwi, aussie and loonie dominate the table this week.

Sterling sharply lower as BoE Carney dismisses a rate hike

News by Allie Longford on 10:15 EST June 20, 2017
The British pound takes a dive on Tuesday after BoE Governor Mark Carney dampened expectations for a rate hike saying it's not the time yet.

The golden fibonacci ratio is just an inch away on the S&P500

Tech analysis by Simon Kazinsky on 16:48 EST June 19, 2017
The benchmark index for the main US 500 American companies is about to reach an important level just a few points above the 2,500 mark a round figure that is also important on its own.

Housing starts, further evidence of a weakening economy

News by Newsroom on 08:55 EST June 16, 2017
After a very disappointing retail sales report released earlier this week a new red light appears on the dashboard of the US economy.

Bank of England divided on holding interest rates at historic low

News by Allie Longford on 08:43 EST June 15, 2017
Rising inflation presently at 2.9% annual widened the divide at Bank of England on Thursday as three members voted to hike interest rates.

Fed does not dissapoint and raises rate and markets shrug it off

News by Newsroom on 14:07 EST June 14, 2017
The Fed did raise its fund rate by a quarter to 1.25% on Wednesday.

Very weak retail sales send stocks higher

News by Allie Longford on 09:14 EST June 14, 2017
Still in the new normal phase where bad news is good news.

UK Inflation at its highest in five years

News by Newsroom on 04:59 EST June 13, 2017
The UK consumer prices ticked up in May to an annualized 2.9% up 0.2% from April, the Office for National Statistics (ONS) revealed on Tuesday.

Monday blues for US stocks

News by Allie Longford on 09:43 EST June 12, 2017
As implied by futures on Monday night the main US indices start the week with further loses.

Two mid size Spanish banks down the sinkhole in less than a week

News by Allie Longford on 07:30 EST June 09, 2017
Annualized Spanish GDP runs at 3.3% according to the latest figures from INE and unemployment has been continuously reduced quarter after quarter for the past three years.

Pound could gain with hung parliament according to JPMorgan

News by Newsroom on 05:04 EST June 09, 2017
A hung parliament in the UK’s upcoming general election could prove good news for the pound if it leads to a centre-left coalition that pursues a “softer” Brexit, according to strategists at JPMorgan.

Pound falls sharply but UK shares rise after election night

News by Newsroom on 04:50 EST June 09, 2017
The pound has dropped overnight by 2% and trades at round $1.27, reflecting worries about continued political uncertainty.

British pound plummeting ahead of election results

News by Newsroom on 17:26 EST June 08, 2017
The pound loses more than 1% against the dollar after exit polls show conservative losing support and a possible hung parliament.

ECB Mario Draghi live June press conference feed

News by Newsroom on 08:20 EST June 08, 2017
The ECB chairman addresses the press after keeping the minimum bid rate at 0% as expected.

ECB leaves minimum bid rate at 0 as expected

News by Newsroom on 07:51 EST June 08, 2017
No surprise, the ECB left its key rate at 0.0%.

Euro zone growth revised up to highest rate in a year in first quarter

News by Newsroom on 05:46 EST June 08, 2017
Gross domestic product rose by 0.6% above 0.5% estimated previously.

Most loved and hated currency pairs by retail traders

News by Simon Kazinsky on 09:42 EST June 07, 2017
Retail traders have positioned their-selves aggressively long on USDCHF just as the pair breaks lower in what appears the death of any hope for it to cross and maintain above parity as it sharply breaks all short, medium and long term supports.