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    Top Trade Idea for 11/26/16 – EUR/AUD
    Mathematics is a pure and perfect world. Markets are not. While there are rules for defining technical factors and indicators, sometimes the art of technical analysis requires traders understand what the rules mean if they want to avoid crowded trades. This brings us to EUR/AUD. The downward move in EUR/AUD that began mid 2015 doesn’t...
    Forex technical analysis: EURGBP tests lower trend line
    May find temp buying but sellers more in control stil The EURGBP is sharply lower in trading today after moving above the 200 hour MA for the first time since the US election results on November 9th. That break was short lived, however (about 5 minutes), before the buyers turned to sellers. Momentum lower, accelerated...
    GBP/USD Holds Firm as GDP Figures Defy Brexit Narrative
    Talking Points: – Q3’16 UK GDP data provide more evidence of the limited effect so far of the Brexit referendum. – UK growth outlook remains far from certain as Chancellor Hammond’s Autumn Statement revealed. – British Pound gains on Euro and Yen; stays stuck in a range versus US Dollar after Thanksgiving. – British Pound...