This week, the key level is 1.07750 After last Friday's drop to the 1.06700 zone, we are in a good point to enter the market with buy orders targeting the key level of the week. I don't expect big movements, since there is no news with high volatility today. Guys, what do you think? Leave a comment with your thoughts.
After Friday's big drop following the better-than-expected nonfarm payrolls data, we are at a good level to enter the market with buy orders. Tomorrow we will have great volatility, as the CPI data and the interest rate decision come out. We will be ready for a return to the 1.08500 level. Guys, what do you think? Leave a comment with your thoughts.
Today will be a day with a lot of volatility after the non-farm payrolls data comes out. A worse than expected data would take the price to our target zone at 1.09750 - 1.10000, but if the data is better than expected, we would have a fall in the euro that we would take advantage of to place more buy orders. Guys, what do you think? Leave a comment with your thoughts.
Buy opportunity in the FX:EURUSD with a target at 1.09800 for a profit of 100 pips. After knowing the worse than expected data from the JOLTs survey of job offers, buying pressure has been added. Yesterday, in the derivatives market we saw a large volume of call options with strike 1.10000, so my target is between the 1.09750 - 1.10000 zone. Guys, what do you...
The 1.08000 zone still has a lot of selling pressure, so if there is no clear breakout, the price would have to fall back towards the 1.07500 level. Guys, what do you think? Leave a comment with your thoughts.
Buy opportunity in the FX:EURUSD with a target at 1.08000 for a profit of 20 pips. We continue to have a liquidity zone at the level of 1.08000 after the price tested that zone on Friday after the NFP data and then fell to the level of 1.07550, which today acted as a support level. Guys, what do you think? Leave a comment with your thoughts.
We still have selling pressure at the 1.07250 level, so the price will remain below that level this week. In a few hours the FOMC statement and the interest rate decision will be released, so I am going to go short looking for today's daily minimum, and if later they raise the price a little more, it will be a good opportunity to enter again short at a better...
Buy opportunity in the FX:EURUSD with a target at 1.07000 for a profit of 30 pips. With the data worse than expected from the news of Second-hand home sales, I expect the price rises to the level of 1.07000 Guys, what do you think? Leave a comment with your thoughts.
The EUR/USD pair has crashed for five straight days as the US dollar has staged a strong comeback. This sell-off intensified on Monday after the US published strong retail sales numbers and after the weekend attack on Israel. It crashed to a low of 1.0630, its lowest swing since November 3rd. Bearish view: - Sell the EUR/USD pair and set a take-profit at...
The Australian dollar continued its strong sell-off even as the prices of industrial metals continued bouncing back. The AUD/USD pair crashed to a multi-month low of 0.6450 on Monday, much lower than this month’s high of 0.6645. Bearish view: - Sell the AUD/USD pair and set a take-profit at 0.6425 - Add a stop-loss at 0.6525 Bullish view: - Set a buy-stop...
Prospects remain positive as investors bet on lower global interest rates, perhaps look for diversification opportunities away from elevated stocks or, in the case of central banks, continue to reduce exposure to the USD (net central bank gold purchases have grown strongly in the past two years, reports indicate). Broadly, history suggests higher Gold prices are...
Sell opportunity in the FX:EURUSD with a target at 1.07000 for a profit of 40 pips. With the data better than expected from the news of ISM Manufacturing PMI and the selling pressure that has existed in today's session, I expect the price falls to the level of 1.07000 Guys, what do you think? Leave a comment with your thoughts.
GBP/USD holds support below 1.2600. Markets continue to reflect the expectation that the BoE will hold off until August before easing. Rate expectations are perhaps providing the GBP with a bit of a cushion against the USD’s advance. Sterling has rebounded modestly from the earlier session low. The GBP/USD pair based around 1.2590/1.2600, effectively a retest of...
EUR/USD holds a very narrow range in the low 1.0800s. Bargain hunters are still likely to look at dips to near 1.0800 as a buying opportunity for now. Short-term trend dynamics are neutral while the daily and weekly DMIs still lean, if only moderately, EUR-bullish. That should limit downside pressure on spot in the near term at least. Resistance is...
The drop in FX volatility after last week’s action is being helped by the PBoC's stabilisation of the Yuan and should not help the Yen, which remains the most popular funding currency for carry trades. Verbal interventions in Japan and the softer Dollar momentum are helping a bit, but the current environment suggests a recovery in JPY remains even more strictly...
Short-term price action is leaning negative for the USD after spot peaked a little below 1.3615, close to where the USD has topped out a number of times since late February. Price action is bearish (an "evening star" candle pattern formed on the chart since late Friday) which should mean some corrective drift lower in in funds in the near term towards...
Eurozone PMIs continued to paint a grim picture for the region’s manufacturing outlook. That is not hugely relevant for the FX market, anyway. The soft economic outlook in the Eurozone has been priced in for a while, and with markets relatively confident about a June European Central Bank cut, it’s mostly Dollar rate expectations that are set to keep moving...
To what level can Bitcoin rise? There is an analyst that I respect a lot, from Standard Chartered, who has considered the most likely target for Bitcoin's rise, the price of 200,000. I am more of a chart person, and we are going to go level by level, seeing the evolution of the price on the chart. Financial advisors who have recommended their clients invest in...