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Officially not working for IrnonFX anymore.
  • Anton Larsson However, their new competition is still really f:ing bad ass
    Sep 3, 2014
The euro strengthened even after German data showed that Gfk consumer confidence for September fell for the first time this year. The moderate decline was probably due to worries of the impact of the sanctions on Russia, but the “positive tone” in y…
EUR/CHF near the floor of 1.2000. Risk/reward on a long trader here is amazing
Anton Larsson posted a blog post
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 fo…
Aug 22, 2014
•Today:
–Canada: CPI for July expected to slow, retail sales for June expected to decelerate = CAD-negative
–US: Fed Chair Yellen gives the keynote speech at the Jackson Hole seminar for central bankers. The market expects dovish comments on the con…
Anton Larsson posted blog posts
Aug 20, 2014
Anyone looking for long term carry trades?
Anton Larsson commented on matina papa’s status
"Good Morning!"
Aug 20, 2014
UK CPI slowed to +1.6% yoy in July, from +1.9% yoy in June. GBP/USD down approximately 50 pips
Canada's revised net change in employment jumped to 41.7k in July, way above the forecast of a rebound to 20.0k from -9.4k in June. USD/CAD down approximately 40 pips at the release
Anton Larsson posted a blog post
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 contrac…
Aug 14, 2014
Random Update...

The dollar traded mixed against its G10 peers during the European morning Wednesday. It was higher against GBP, JPY and CHF, in that order, while it was lower against NOK and AUD and steady versus EUR, SEK, CAD and NZD.
The UK une…
Anton Larsson posted a blog post
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 a…
Aug 7, 2014
Anton Larsson posted a blog post
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 be…
Aug 6, 2014
"The only thing standing between you and your dream is the bullshit story you keep telling yourself as to why you can’t achieve it"
- Jordan Belfort
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  • FXmosphere

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  • Sir Gissachance

    The Trader - Daily through to 0.05 Second Time Frame using JBCB, CBA and FPA. Scalp, Swing, Position. Chart Patterns, Geometry and Multiple Time Frame Technical Analysis. Tabling Forexmospherian Currency Kraken for 71 Pairs. The Posts and Videos uploaded are my own views on Trading the Forex Markets. Trading is about you and nobody else so always managed your own risk and take time to learn a suitable Trading strategy.

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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 have a revision for May at +0.9% mom from +0.7% mom
  • Retail sales excluding auto accelerated to +1.5% mom from an upwardly revised +0.3% mom
  • The forecast was at +0.3% mom

 

  • USD/CAD strengthened about 20 pips on the release, but gave the gains back immediately……
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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 marginally below our resistance line of 82.140 (R1), the highs of the 11th of September. A decisive violation of that line could extend the rally and challenge the highs of the 5th of September at 82.700 (R2). Nevertheless, the RSI shows signs of topping and could exit its overbought territory in the near future. As a result, a pullback is likely before the longs pull the trigger again, perhaps to test the 81.760 (S1) level as a support this time. On the daily chart, an…
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NZD/USD Trade Forexmospherians

  • 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% GDP growth. The below-estimate data coming from the euro-area’s largest economies dragged the Eurozone’s preliminary growth down to a flat reading in Q2 from +0.2% qoq in Q1. The miss was widely expected after the earlier soft German and French data, but EUR did not weaken, probably due to the relief that the bloc did not record a contraction in Q2.
  • Taking into account that the tit-for-tat sanctions with Russia have yet to be seen in the data, we believe that growth in Q3 is likely…
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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 borrowing money at excessively cheap rates and leveraging their balance sheets to buy back stock at elevated prices to make the earnings per share look good.  This is a nice little trick but very short sighted.  It does elevate the stock price so company executives get their annual bonuses but corporate balance sheets are just another area where debt levels remain excessive and growing.  This latest trend offers a partial explanation for the longest uninterrupted cyclical…

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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 blue upside channel and above both the moving averages, I see a positive picture. I would dampen my bullish view as soon as we reach the all-time highs zone, since two times the rate touched the zone it was reversed sharply. Taking a look to our momentum studies, I see that the MACD, already positive, is likely to rebound from its signal line, confirming the accelerating bullish momentum of the price action. I would ignore the overbought reading of the RSI at the moment, since 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 example, even while the IMF declaring that Spain has “turned the corner,” the country’s exports are falling and the trade deficit is widening out again, endangering the recovery. We will know more tomorrow when the preliminary PMIs for July are released. The Eurozone PMIs are forecast to be only a touch weaker, so there seems to me to be plenty of room for disappointment. Meanwhile, the technical picture for EUR/USD is also negative . This could be the break we…

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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 would keep a neutral stance as far as the overall trend of the pair is concerned. The rate is trading below the blue downtrend line, but we need to see if the sellers are strong enough to overcome the 1.3500-1.3475 zone before expecting larger bearish extensions in the future.
  • Support: 1.3500 (S1), 1.3475 (S2), 1.3400 (S3)
  • Resistance: 1.3…
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