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Canada's CPI for July

  • The headline CPI slowed to +2.1% yoy in July from +2.4% yoy in June.
  • The rate was below the forecast of +2.2% yoy
  • The core CPI rate declined to +1.7% yoy from +1.8% yoy
  • The forecast was at +1.9% yoy

 

Canada’s retail sales for June

  • The headline figure came at +1.1% mom, beating estimates of +0.3% mom
  • We…
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DXY futures

  • DAXY Futures rallied on Tuesday, breaking above 81.760 (resistance turned into support), the upper boundary of the sideways path it’s been trading in recently. In my view, the move above that hurdle signals the continuation of the uptrend, marked by the blue upside support line. Today, during the European morning, the price halted…
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NZD/USD

  • The dollar traded unchanged or lower against its G10 counterparts during the European morning Thursday. It was lower against NZD, JPY, CAD, AUD and NOK, in that order, while it remained stable against GBP, EUR, CHF and SEK.
  • Germany’s economy contracted more than expected while France’s stagnated, missing estimates of moderate growth. This will most likely force the French government to cut their growth forecasts as it is very difficult to reach their current target of +1.0%…
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Since that bottom in 2008, IBM’s stock price has ranged from $ 70 to $ 215, with a current price of $ 190.  Here is a company with no trend line growth in revenues, a debt to equity ratio that has gone from 49% to 61% selling at 8 times book value and where common stock outstanding has declined by 27% over this period.  IBM is doing exactly what so many of these big titans of industry are doing today. They are using a tax loop hole which effectively lowers their tax liability by…

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usdrub update

  • USD/RUB has been moving in an uptrend since the completion of an inverted head and shoulders formation, back on the 17th of July. Today, the pair opened with a gap up and managed to break the obstacle of 36.150 (resistance turned into support). I believe that today’s move sets the stage for extensions towards the all-time highs, near 36.700 (R1), where the 2nd price objective of the inverted head and shoulders lies. As long as USD/RUB is trading within the…
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Against what should have been a favorable background for European assets and hence EUR, it’s particularly notable that EUR/USD is opening in Europe below 1.3500 for the first time since 3 Feb (and even that was only one day; the last time it was down here for any sustained period of time was last November). The weakness seems to be caused by the view that European growth has stalled and with the ECB on hold, the only thing that can rescue Europe is a weaker euro. For…

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EUR/USD in a consolidative mode

  • EUR/USD moved in a consolidative mode on Monday, remaining slightly above the psychological zone of 1.3500 (S1). Bearing in mind that we can identify positive divergence between the RSI and the price action, and that the MACD lies above its trigger line and is still pointing up, I would expect a rebound, maybe for another test near the 1.3580 (R2) zone. On the daily chart, I see a possible hammer candle, increasing the likelihood for an upside corrective wave. Nonetheless, I…
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Limassol


Trading style:

Value, moving risk between different asset classes. "TOMIC Style"


About me:

FX and Equity Options Professional. I graduated from Rocky Mountain College with a Bachelor's of Science in Business Management and Administration along with a minor in Economics. As a Swedish native I have a very diverse cultural, academic, and professional background. Primary fields of interests are macroeconomics and the financial markets. I am currently working as an FX Broker and actively manage an options portfolio with a focus on blue-ship stocks and high volume indexes on the american market. Let me know if you want to open an fx account. I can give you the hottest deals with a top broker. Also blogger and option mentor, visit thechartdevil.com, powered by LiveVol Securities t: +357 25027759 | m: +357 96383400 | e: ALarsson@IronFX.com Website: IronFX.com Personal Website: http://www.thechartdevil.com/ Linkedin: cy.linkedin.com/in/antonlarsson/


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