Earlier today we released our performance of the trade copier since Aug 2014 to March 2015. Please read the performance here: Capital3x Trade Copier Performance
FXE
FXE has new descending triangle breakdown on 13 March 2015 but it may not be useful as the futures has already met its target at 109.
FXA: FXA has a new descending triangle breakdown on `10 March 2015 and just like the EUR, it has also reached its target at 78. We wait for new targets as the pattern starts to evolve.
YEN
Yen has a new downside target at 69.5. This is a brand new pattern with a new target. We want to long USDJPY to take advantage of this pattern.
DXY
New upside targets for USD index at 112. These are long term setups and hence take them with prudence of stop and sizing.
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Editors’ Picks
EUR/USD consolidates recovery below 1.0700 amid upbeat mood
EUR/USD is consolidating its recovery but remains below 1.0700 in early Europe on Thursday. The US Dollar holds its corrective decline amid a stabilizing market mood, despite looming Middle East geopolitical risks. Speeches from ECB and Fed officials remain on tap.
GBP/USD advances toward 1.2500 on weaker US Dollar
GBP/USD is extending recovery gains toward 1.2500 in the European morning on Thursday. The pair stays supported by a sustained US Dollar weakness alongside the US Treasury bond yields. Risk appetite also underpins the higher-yielding currency pair. ahead of mid-tier US data and Fedspeak.
Gold appears a ‘buy-the-dips’ trade on simmering Israel-Iran tensions
Gold price attempts another run to reclaim $2,400 amid looming geopolitical risks. US Dollar pulls back with Treasury yields despite hawkish Fedspeak, as risk appetite returns.
Ripple faces significant correction as former SEC litigator says lawsuit could make it to Supreme Court
Ripple (XRP) price hovers below the key $0.50 level on Thursday after failing at another attempt to break and close above the resistance for the fourth day in a row.
Have we seen the extent of the Fed rate repricing?
Markets have been mostly consolidating recent moves into Thursday. We’ve seen some profit taking on Dollar longs and renewed demand for US equities into the dip. Whether or not this holds up is a completely different story.