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AUD/USD – Consolidates Below Key 0.7850 Level
To start this new week the Australian dollar has been consolidating just below the key 0.7850 level where it is likely to now meet some resistance. Throughout last week the Australian dollar fell sharply from above 0.8150 down to a two week low below 0.7850 to close out last week.

Australia 200 – Looking Upwards Back At 5800
In the last couple of weeks the ASX200 index has moved back and forth around the key 5650 level, but in doing so has temporarily halted the medium term down trend it was in from 6000. During this time it has experienced both support and resistance from the 5650 level

Morning View: Holiday Markets And Greece's 'Monetary Asphyxiation'
'The problem is simple: Greece's creditors insist on even greater austerity for this year and beyond – an approach that would impede recovery, obstruct growth, worsen the debt-deflationary cycle, and, in the end, erode Greeks' willingness and ability to see through the reform agenda that the country so desperately needs.

Elliott Wave Trade Ideas Performance Update

After seeing the rebound to 135.35, we entered a long position at 134.50 and euro did find support at 134.43 and rebounded again, however, price faltered below said resistance at 135.35 again and turned back south late last week, the position was stopped at 134.40 and price fell to as low as 133.25 earlier today.

Candlesticks and Ichimoku Trade Ideas Performance Update

We took the view in cable that top has been formed at 1.5815 and we had been looking to sell sterling on recovery and a short position was entered at 1.5630, however, the pair staged a much stronger than expected rebound to 1.5700 before turning back south again on Friday

Trade Idea Wrap-up: USD/CHF - Buy at 0.9370

As the greenback has remained firm after Friday's rally to 0.9457, retaining our bullish view that erratic rise from 0.9072 is still in progress and may extend gain to 0.9485-90 (61.8% projection of 0.9079-0.9406 measuring from 0.9287), then towards 0.9525-30, however, reckon previous resistance at 0.9573 would hold from here

Trade Idea Wrap-up: GBP/USD - Sell at 1.5550

As cable has remained under pressure after Friday's selloff on dollar's broad-based rebound, adding credence to our view that early rebound from 1.5447 (last week's low) has ended at 1.5700 and retest of this level would be seen, however, break there is needed to signal the fall from 1.5815 (this

Trade Idea Wrap-up: EUR/USD - Sell at 1.1085

The single currency has continued to trade defensively after Friday's selloff from 1.1208, adding credence to our bearish view that the decline from 1.1467 top is still in progress and further decline to 1.0950-60 (61.8% projection of 1.1467-1.1062 measuring from 1.1208), then 1.0930 would be seen, however, near term oversold

Trade Idea Wrap-up: USD/JPY - Sell at 121.95

Although the greenback has retreated after rising to 121.78 earlier today and minor consolidation is in store, reckon the Ichimoku cloud (now at 121.10) would limit downside and near term upside risk remains for recent upmove to extend one more rise to 121.90-95 (50% projection of 118.89-121.48 measuring from 120.64),

Trade Idea: EUR/GBP - Sell at 0.7195

As the single currency has fallen again after meeting renewed selling interest at 0.7163 on Friday, retaining our view that correction from 0.7014 (wave iii trough) has ended at 0.7483 and bearishness remains for further weakness to 0.7050-60, then retest of 0.7014, however, below this recent low is needed to

Trade Idea: USD/CAD - Buy at 1.2180

As the greenback has maintained a firm undertone after Friday's rally above previous resistance at 1.2306, adding credence to our view that the rise from 1.1920 low is still in progress and bullishness remains for this move to bring retracement of recent decline, hence further gain to 1.2350-60 but near

US Session: Orders and Options Watch
EUR: The single currency traded marginally lower, mixture of bids and stops at 1.0950 is still in focus, however, buy orders are reported at 1.0930 and 1.0900 (more stops below), fresh demand should emerge around 1.0870-80 and then 1.0850. On the upside, offers remain at 1.1010, 1.1025 and 1.1040-50, more

Trade Idea Update: USD/CHF - Buy at 0.9370

As the greenback has maintained a firm undertone after Friday's rally above 0.9406, retaining our bullish view that erratic rise from 0.9072 is still in progress and may extend gain to 0.9485-90 (61.8% projection of 0.9079-0.9406 measuring from 0.9287), then towards 0.9525-30, however, reckon previous resistance at 0.9573 would hold

Trade Idea Update: GBP/USD - Sell at 1.5570

Friday's selloff on dollar's broad-based rebound signals early rebound from 1.5447 (last week's low) has ended at 1.5700 and retest of this level would be seen, however, break there is needed to signal the fall from 1.5815 (this month's high) has resumed and extend weakness towards 1.5393 support which is

Trade Idea Update: EUR/USD - Sell at 1.1085

The single currency has remained under pressure after Friday's selloff from 1.1208, adding credence to our bearish view that the decline from 1.1467 top is still in progress and further decline to 1.0950-60 (61.8% projection of 1.1467-1.1062 measuring from 1.1208), then 1.0930 would be seen, however, near term oversold condition

Trade Idea Update: USD/JPY - Sell at 121.95

Although the greenback has maintained a firm undertone after Friday's resumption of recent upmove and gain to 121.90-95 (50% projection of 118.89-121.48 measuring from 120.64) cannot be ruled out, loss of upward momentum should prevent sharp rise beyond previous chart resistance at 122.03, bring retreat later, below the Kijun-Sen (now

U.S Dollar Gets the Green Light from Fixed Income
Over the past few weeks the dollar bull had been trading with their backs against the wall, pressured by the spike in global sovereign bond yields, and the questionable timing of the Fed's first-rate hike that seemed to have been pushed further out the curve due to soft U.S data. However,

Trade Idea Update: USD/CHF - Buy at 0.9370

As the greenback has maintained a firm undertone after Friday's rally above 0.9406, retaining our bullish view that erratic rise from 0.9072 is still in progress and may extend gain to 0.9485-90 (61.8% projection of 0.9079-0.9406 measuring from 0.9287), then towards 0.9525-30, however, reckon previous resistance at 0.9573 would hold

Trade Idea Update: GBP/USD - Sell at 1.5570

Friday's selloff on dollar's broad-based rebound signals early rebound from 1.5447 (last week's low) has ended at 1.5700 and retest of this level would be seen, however, break there is needed to signal the fall from 1.5815 (this month's high) has resumed and extend weakness towards 1.5393 support which is

Trade Idea Update: EUR/USD - Sell at 1.1085

The single currency has remained under pressure after Friday's selloff from 1.1208, adding credence to our bearish view that the decline from 1.1467 top is still in progress and further decline to 1.0950-60 (61.8% projection of 1.1467-1.1062 measuring from 1.1208), then 1.0930 would be seen, however, near term oversold condition

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