Yohay Elam

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GBP/USD could reach 1.36-1.37 by year end – two opinions

Comments Off on GBP/USD could reach 1.36-1.37 by year end – two opinions

The pound advanced on hopes for a Brexit breakthrough. Here are two opinions that represent the targets that this optimism entails for the pound. We still have our doubts. The EU is very tough on the UK and the Irish issue also looms large. Here is the…

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Yellen mostly positive – USD likes it

Comments Off on Yellen mostly positive – USD likes it

Fed Chair Janet Yellen sounds slightly more optimistic than last week. The changes may be very subtle, but they are enough to support the dollar. The greenback is already enjoying optimism that Congress will eventually pass a significant tax cut. The g…

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ETH/USD >$500 – Ethereum getting carried after Bitcoin

Comments Off on ETH/USD >$500 – Ethereum getting carried after Bitcoin

Bitcoin is not alone in setting new records at very round levels. The price of the second most popular cryptocurrency, Ethereum, is trading above $500. The high so far is $548 but liquidity remains relatively low. The rise today is 8%, below the advanc…

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Report: UK & EU agree on 45-55 billion divorce bill, UK denies – GBP jumps

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The UK has raised its Brexit divorce bill offer to a sum closer to the EU’s demands of 60 billion euros. According to a report in the Telegraph, the EU accepts this proposal and this will unlock the next phase of the negotiations, related to the …

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EUR: potential end-of-year moves against USD, GBP, JPY

Comments Off on EUR: potential end-of-year moves against USD, GBP, JPY

The euro had a positive week to end November. How will it end 2017? Here are two views that look at the single currency, looking into EUR/USD, EUR/JPY, and EUR/GBP. Here is their view, courtesy of eFXnews: EUR/USD: 1.21 Again By Christmas; EUR/JPY: Lon…

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ETH/USD settles in steady range – more rational than bitcoin?

Comments Off on ETH/USD settles in steady range – more rational than bitcoin?

The price of Ethereum has followed its bigger brother, bitcoin, and reached new record highs. However, it is trading a somewhat more rational manner, taking its time to consolidate after the move, quite different than BTC/USD. ETH/USD is finding itself…

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Powell signals continuation – but of which type?

Comments Off on Powell signals continuation – but of which type?

The incoming Chair of the Federal Reserve does not intend to shake up the Federal Reserve. He has always voted with the majority and never made any speech that diverted from the Fed’s line. His 5 years as Governor will continue from the top seat….

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USD: Changing Our Fed Call To 3 Hikes Next Year – Nomura

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The US dollar dropped last week after the FOMC made dovish sounds. Some reached a conclusion that the Fed under Powell will not raise rates anytime soon. Nevertheless, the team at Nomura still see three rate hikes next year and they have a few reasons….

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EUR/USD: Range Shifted Higher & Bounce Not Stretched Yet – Danske

Comments Off on EUR/USD: Range Shifted Higher & Bounce Not Stretched Yet – Danske

EUR/USD began the trading week with an increase to higher ground, extending its gains. Yet then, the better data from the new home sales halted the dollar decline consequently sending EUR/USD back down. What’s next? Here is their view, courtesy o…

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US new home sales leap to 685K – USD sell-off stalls

Comments Off on US new home sales leap to 685K – USD sell-off stalls

The US dollar started the week on the back foot, extending some of the losses it suffered from last week. Yet with the highest level of new home sales in a decade, the greenback did not remain unfazed. A leap to 685K annualized sales of new units in Oc…

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