Short EURNOK

We have entered short EURNOK trade at 9.6225 with stop loss at 10.00 and take profit at at 9.30.

We believe that under-valued NOK will gain more fair value against EUR with the help of rising oil prices.

Long USDCAD

We have entered long-term trade at 1.3144 with stop loss at 1.25 and take profit at 1.40.

FED tightening is not fully priced in the market. Probable US border tax adjustment would boost USD, but also will have a negative impact on Canadian trade. Bank of Canada is will not tighten in firs half of 2017

Long USDCHF

We have entered long-term trade at 0.9894 with stop loss at 0.92 and take profit at at 1.05.

We believe that richly valued CHF will lose its value against USD whose tightening cycle has just started.

Forex Bank Prediction resources

Whether you are a long term trader or a scalper you will always be curious about and would like to know what are the big players in the Forex market doing. What are their positions? Fortunately, certain websites do provide that kind of information. To be more precise I am talking about the positions that are held by the big banks and big hedge funds. 

The best websites with bank positions, or in my opinion, the most useful ones are:

1. eFXnews - it is Boston based financial media agency covering global FX markets. It provides the positions held my the biggest players in the market. Highly recommendable one.

2. PLTfx - it is FX trading advisory and Funds Management. Another great resource that provides bank Forex positions. It requires login.

3. Forex Quebec - it is global Forex trading portal that provides the bank positions under its bank forecasts section. It is a good resource though it is not providing the forecasts on daily basis.

4. Dukascopy TV - a Forex broker that is providing the information in video format on part-time basis.

5. Forex Street - another global Forex trading portal. It provides many positrons of a slightly less relevant players in the market. 

In short, it is always useful to know what are the biggest players in the market predicting before you enter your position.