We hope everyone had a great start to the year! As we think about the year ahead and some of the major themes that might play out, the EU vs US inflation story is among those catching our eyes now in particular.
“Inflation” & “Rate Hikes” were the main talking points for the US Economy in 2022 as the US Federal Reserve (Fed) reacted and adjusted to stubborn...
Technical Analysis and Outlook:
The currency pivoted about our newly created Key Res 1.091 and is heading down to Mean Sup 1.078 with possible additional buster energy to Mean Sup 1.070 before reigniting upward action to the Outer Currency Rally $1.110 in the near future.
The euro-dollar continuously stayed close to our newly created Key Res $1.086 this week and displaying a solid movement towards Outer Currency Rally $1.110 as specified in EUR/USD Daily Chart Analysis for December 30. However, be aware that this puppy is prone to breaking downwards to Mean Sup $1.078 and possibly $1.070 to reignite upward action Outer Currency...
After Equity Option expiry today and into Month end, the technical rally induced by January effect could be fading.
Commodities recent spike (on China reopening/inflationary) will certainly have an knock on seasonal effect in next Inflation data,
Technically speaking BTP/Bund spread has done a double bottom, and we could expect a bounce from here (Italy widening...
• Daily EURO/DOLLAR chart, zooming out back to 2021, where the 1.5 year downtrend started
• Short term, trend is bullish, higher highs higher lows
• Rising wedge forming, a bearish reversal pattern
• Resistance levels becoming support levels, a clear sign of an uptrend
• However, looking at the big picture changes the outlook a little bit
• Drew Fibonacci...
Technical Analysis and Outlook:
The euro-dollar has bounced strongly from Mean Sup 1.052 as specified EUR/USD Daily Chart Analysis for January 6. The prevailing up path to the newly created Mean Res $1.070 and Key Res $1.078 is completed with the eye towards Outer Currency Rally 1.1100. However, be aware that this puppy is in the process of breaking downwards to...
Technical Analysis and Outlook:
The euro-dollar has bounced strongly from Mean Sup 1.058 as specified EUR/USD Daily Chart Analysis For the Week of December 30. The prevailing up path to the newly created Mean Res $1.070 and Key Res $1.078 is ongoing with the current market sentiment. However, be aware there is the possibility that this puppy may break downwards...
Welcome to the first trading day of the New Year.
Trading remains thin, as most markets are closed. In the European session, EUR/USD is trading at 1.0679, down 0.23%. I expect a quiet day for the euro.
There are no US events on the schedule. German Manufacturing PMI improved to 47.1 in December, up from 46.2 in November and shy of the consensus of 47.4 points....
Technical Analysis and Outlook:
The euro-dollar has formed a new strong Mean Sup 1.058. The prevailing up path to the Key Res $1.078 is ongoing with the current market sentiment. However, be aware there is the possibility that this puppy may break downwards from the current position to reignite upward action as specified above.
It's the last trading day of 2022, and EUR/USD is almost unchanged in what should be a quiet day in the currency markets. In the European session, EUR/USD is trading at 1.0674, up 0.13%.
The week between Christmas and New Year's is usually very light on data, and there were no tier-1 events in Germany or the eurozone this week. Earlier today, Spain released the...
We're seeing limited movement in the currency markets this week, which is not uncommon during the week between Christmas and New Year's. Trading volume remains thin and the data calendar is very light. In the North American session, EUR/USD is trading at 1.0649, up 0.35%.
The US released unemployment claims today, one of the highlights in a quiet week. Initial...
$EURGBP - UPDATED CHART
This is an updated chart from the last EURGBP We was within range and now we have broken towards up side. We had a Dovish BOE, ECB - Revision on inflation lets see what Largarde has to say...
I am long EURGBP 1/2 size.
Broken to upside, be careful we do have it within this channel /trendline down is key break above that bulls are...
Technical Analysis and Outlook:
The euro-dollar stays put under our Mean Res 1.0680. The prevailing down path points to the Mean Sup 1.0470, and extended probabilities to Mean Sup 1.0330 is a high degree of certainty. However, the upside move to retest Mean Res 1.0680 and Key Res $1.0780 is possible within the current market sentiment. Of course, the question is...
Price action has been largely trending to the north, thanks to a shift in USD momentum and a more hawkish ECB. Looking for this to continue to grind to the upside, with this swing trade idea.
After last weeks FED and ECB markets were left adjusting to Powell and Lagarde's comments.
FED will have to continue on with rate hikes well into Q2 '23 when they can start a pivot of no hikes, but certainly not making any cuts either. Rates will be held until they feel they have things 'under control'.
While Lagarde sounded 'hawkish' it doesn't change high...
The euro-dollar rip through our Mean Res 1.0585 but could not punch to vital Key Res $1.0780. The newly created interim Mean Res 1.0680 is the catalyst to draw the currency to retest the Mean Res 1.0680 and hit the Key Res $1.0780 in the process. The prevailing down path points to the Mean Sup 1.0450 and mildly extended probabilities to Mean Sup 1.0330. However,...
The EUR/USD is trading sideways on Friday, managing to stay above 1.0600, despite the strength of the dollar and the decline in equity markets, still favored by the European Central Bank meeting on Thursday. It peaked at 1.0735, the highest since June and then pulled back to as low as 1.0590. It is up for the week, but off highs.
The ECB raised interest rates...
