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Yen bulls never stood a chance this week as the pandemic recovery themes drove traders away from the safe haven currency, despite arguably net positive economic updates from Japan.
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With both the Eurozone and the U.K. printing PMIs today, I’m keeping close tabs on whether EUR/GBP can maintain its downtrend.
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We’ve got potential catalysts ahead from Australia, making this range setup on GBP/AUD one to watch for both the bulls and the bears.
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No data? No problem! I’m looking at this simple trend setup on NZD/USD, and it looks like there’s good enough reason to go with the flow.
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EUR/AUD has been in a solid short-term downtrend and with Aussie jobs just ahead, we’ve got potential setups for both the bulls and the bears.
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The U.K. printing its inflation numbers got me looking at Cable today. What do you think of GBP/USD’s short-term uptrend?
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AUD/JPY bulls are solidly in control, but will they hold onto their gains with potential catalysts coming from Australia and Japan?
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Reversal alert! I just spotted this head and shoulders breakdown on EUR/NZD, and the upcoming catalysts might draw more bears in.
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What did Governor Powell and his gang talk about in their last meeting? Will it affect the dollar’s intraweek trends in any way?
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The Loonie danced to the tune of its counterparts last week. Can the bulls and bears find direction from Canada’s data releases?
Read MoreMistakes are the usual bridge between inexperience and wisdom.Phyllis Theroux