Date archive forJanuary, 2018
By gossewestra On Thursday, January 18th, 2018
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Bitcoin May Trade Higher Despite Sentiment

New to Bitcoin? Be sure to check out our new Bitcoin Trading Guide! Bitcoin: Retail trader data shows 76.3% of traders are net-long with the ratio of traders long to short at 3.22 to 1. The number of traders net-long More...

By gossewestra On Thursday, January 18th, 2018
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Pound Strength to Continue Based on Sentiment

GBPUSD: Retail trader data shows 34.1% of traders are net-long with the ratio of traders short to long at 1.93 to 1. In fact, traders have remained net-short since Dec 28 when GBPUSD traded near 1.33732; price More...

By gossewestra On Thursday, January 18th, 2018
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Central Bank Weekly: GBP and USD Continue to Ignore BOE and FOMC

Talking Points: – Fed rate hike odds for March 2018 have climbed from 50% to 89% since November, but the DXY Index has continued to fall. – No rate move by the BOE is priced in before August, and FX More...

By gossewestra On Thursday, January 18th, 2018
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EUR/USD Initiates Bearish Sequence, RSI Flashes Textbook Sell Signal

FX Talking Points: – EUR/USD Initiates Bearish Sequence, RSI Falls Back From Overbought Territory. – USD/CAD Eyes Top of 2018 Range Following Dovish BoC Rate-Hike. EUR/USD bounces back from a fresh More...

By gossewestra On Thursday, January 18th, 2018
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Bullish EUR/GBP Off of Range Support

– For trading ideas, please check out our Trading Guides. And if you’re looking for something more interactive in nature, please check out our DailyFX Live webinars. To receive James Stanley’s More...

By gossewestra On Thursday, January 18th, 2018
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EUR/USD Bounces from Fibonacci Support, the USD Pain Trade Continues

Talking Points: – The U.S. Dollar (DXY) saw another case of rejection overnight when resistance set-in at the 2017 swing-low. – The Dollar trade remains stretched via Retail Positioning, with IG Client More...

By gossewestra On Thursday, January 18th, 2018
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Bullish GBP/CAD

Check out our new Trading Guides: they’re free and have been updated for the first quarter of 2018 GBP/CAD Rally has Further to Run The Bank of Canada raised interest rates by 0.25% to 1.25% on Wednesday on More...

By gossewestra On Thursday, January 18th, 2018
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DailyFX US AM Digest: US Dollar Rebound Stunted as Government Shutdown Eyed

Receive the DailyFX US AM Digest in your inbox every day before US equity markets open – signup here Despite a strong performance to close out yesterday, the US Dollar finds itself trading lower once again More...

By gossewestra On Thursday, January 18th, 2018
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It’s Still Too Early to Call a Bottom in the US Dollar

Talking Points: – A potential bottoming pattern, a bullish morning doji star, formed in the DXY Index this week but has seen no follow through today. – Likewise, EUR/USD bearish evening doji star – More...

By gossewestra On Thursday, January 18th, 2018
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Goldman Sachs Group (GS) Pulled Back After Q4 Report

Goldman Sachs Group (GS) reported fourth quarter adjusted EPS of $5.68 Wednesday morning, which topped the consensus estimate of $4.92. Net revenues decreased 4 percent to $7.83 billion from $8.17 billion in the More...