Wave 3 - Chapter I Introduction and general comments After clearing ECB & FED it is well known that hikes are cooking very creditably and the monetary side appears to be quite helpless in the endgame. The most well-handled analogy from poker is "checking the turn", both Powell and Lagarde showcased the ability to play this with skill. It may be in the nature...
A quick update to the Euro chart here after clearing the well known ECB positioning. This was the last thing we needed to mark a significant floor; anticipation of 1.176x (Strong Support) holding has clearly applied and for those building their own positions internally, protection is defined below March lows (1.168x) while targets above come into play at 1.217x...
EURUSD bounces off an ascending support line from November 2020 amid oversold RSI during early Thursday. However, sellers remain hopeful as MACD keeps flashing bearish signals ahead of the ECB’s special meeting. The bloc’s central bank is widely expected to repeat support for easy money policies, likely extending the latest corrective pullback towards a...
EUR/USD Daily Update for July 05. Here is what you need to know to trade the pair today. FUNDAMENTALS: A strong gain in jobs but rising unemployment rate and unchanged wages in the US led to some selling pressure in USD, but profit-taking ahead of the extended weekend and US holidays was likely the key driver of US weakness on Friday. Look for a short-term...
Hi traders. After we closed our last EURUSD trade in profit, it's time to look for trading opportunities in the coming week. Here is a complete FIST analysis for the pair with some tips on how to trade the next week. FUNDAMENTALS: EUR traded with a heavy bearish bias last week as markets supported the USD ahead of the US labor market report, the weekend, and...
Hi traders, here is a full update for EUR/USD. Please hit the 'LIKE' button if you find this post useful. Also, don't forget to follow to get more trade ideas like this. Thanks! TECHNICALS The EURUSD pair broke below a long-term trendline on the daily chart following the FOMC meeting, with the correction losing steam at the broken trendline, which now acts as...
Once again EURAUD has respected the top side only taking out the former highs before showing weakness and beginning to roll over. This offers a great RR set up and the prevailing market sentiment suggests a recovering Dollar and a stronger bond market out of the gate this morning which perhaps suggests continued weakness in the Euro. The German Buba report will be...
I suspect the $EURCAD cross pair is reversing in the weekly timeframe here, we might see a substantial rally as oil could be peaking here, and the $Euro is oversold. The setup calls for a potential rally to 1.53, with risk down to 1.47 if the trade fails. Ideally you try to get in on dips after the market is open, keep an eye on price action for an entry....
The concept of this complete or at least partially supported euro structure In this swing, there are three actors: 1 . the support which is acting as a pivot 2 . the opposing resistance which is being targeted 3 . the breakout trigger which will provide momentum The breakout here is attacking the soft resistance at 1.14 which is +/- 4% from current levels...
Hi traders, here is an update for EURUSD for today and the current week. We analyzed fundamentals, yields, sentiment, and technical levels and showed how we would trade the pair. Enjoy! FUNDAMENTALS: Top Headlines for June 14: US Dollar Index clings to gains...
In this video I look ahead to the major news event for the Euro later today, the ECB Rate Decision. I mark out the key levels I will be watching during and after the event to monitor where any trades will be placed.
On Friday we saw disappointing numbers on the unemployment rate news in USA. That affected the USD immediately. This week we have news from the ECB. However, before that we expect that the effect from the Friday news will last and we will see higher values. The resistance above current price level is at 1,2246. This scenario is possible as long as we don't...
Event Risk: May CPI the key risk event, many braced for another blowout number. Fed enters blackout period ahead of their 16-17 June meeting. Bias: -DXY stabilizing ahead of key risk events in the next week: payrolls, CPI and ECB. A USD friendly mix can be stitched together: whisper talk into payrolls is more reserved, the May CPI will surely reflect ongoing...
BULLISH FOR THE PAIR: 1. Market reports: German Manufacturing and Services PMI beat estimates, Business and Consumer confidence are rising. US PMIs and Consumer Confidence are also up, but the USD is currently more focused on yields and risk sentiment. News: Accelerated vaccination efforts in the eurozone to support the EUR against other currencies. Risk...
The Dax's phenomenal rally from pandemic lows has seen the index almost double in just over 12 months on the back of ECB quantitative easing. However, there are growing calls amongst the more hawkish members of the ECB's governing council for bond purchases to be scaled back as inflation and economic growth is expected to increase in the coming months. However,...
EUR/USD is having a rare day in negative territory. Currently, the pair is trading at 1.2006, down 0.24% on the day. The euro has been in fine form in April, racking up gains of 2.3%. The currency has made up most of the ground lost in March when EUR/USD fell by 2.8%. The direction of the US dollar has, to a large degree, been dependent on 10-year US Treasury...
ECB frontloading PEPP purchases isn’t a negative for EUR/USD. It helps to underscore the latest market narrative of tentative stability in core bond yields, in turn taking away support from USD. EUR/USD to move above 1.25 in summer. The main winner from the subsequent stability in core bond markets is EM FX, mainly the high yielders that got hit last month. ...