EurAud would be our vehicle of choice on a hawkish ECB meeting today. Aussie is suffering from worse domestic data and worse data out of China. Aussie is a proxy for bets on China and is showing weakness.
Sometimes understanding the market's movements is difficult. After a haskiwh message by the FED, it's quite counterintuitive to see USD weakness. We have only one explanation: disruptive potential from the ECB and US/China trade issues.
During the next week, the sessions on Wednesday 13 and Thursday 14 could trigger the “perfect storm”, the markets await the FED and ECB interest rates decisions, and most likely these events will be our driver throughout the summer. Having said that, the most important session will be Tuesday, from here, we could understand how the market will position itself...
The markets are expecting a hawkish hold from the ECB this week. We might get a "buy the rumour/sell the fact" kind of play ahead of the meeting.
Ok Traders, EUR/USD is primed to go lower in my opinion. After A small Rally this last week to give back some gains by the dollar, the EURO is showing weakness yet again ahead of ECB Dovish comments to end QE. Despite that Being EURO Positive , the comments raised by the ECB will fool the market into thinking that Inflation is not coming soon and that Interest...
eur/usd critical ket levels being tested with heavy news announcements next week
Currently the market is accumulating longs while waiting for ECB to hike. SNB should follow up with a hike and this thing should shoot up. Caution: Your broker might increase the margin requirements.
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In all ordinary circumstances my advice here would be to buy at market within proper limits of risk mgmt. We are entering at the bottom of a wide range in EURUSD which will require a large purse and strong nerve. For the sake of transparency, here we are assuming the dollar leg has finished and we are trading a pullback towards the middle of the range, timing...
EUR/USD, EUR/JPY. EUR/AUD, EUR/GBP Weak Data, Dollar Strength, euro can gain some ground for a moment here
Here we are looking to trade the final wave of the flows with ECB ending their QE programme alongside a protectionist US fiscal policy. From a fundamental perspective: Softer numbers from EZ on both the inflation and consumer front have driven any odds of a hike in 2018 out of the question. => We have (and still are) trading the expectation leg of this move...
Hello Traders, After the ECB interest rate decision and EURUSD falling more than 100 pips, I want to share with you my current 1/4 hour perspective. I have no doubts about it that the EURUSD is still bullish in the weekly chart and daily chart. Tomorrow I will publish a detailed analysis on the EURUSD in weekly timeframe explaining that. However, coming back...
The mother of all currency pairs just met its most important support since January 2018. We can clearly see long lower shadows on the 4 hourly chart candlesticks, which means that yes indeed there is something strong holding the price there. The most used oscillators also (RSI and Stochastic) tell us that we are in the oversold area, from which the price is trying...
My recent trade on this pair performs quite well and is around 75 pips in profit as of this moment. The Friday's outside candlestick (engulfing pattern) is another confirmation for an potential upmove, and the recent swing low served as a basis for a symmetrical triangle. Symmetrical triangles usually mean continuation, but the pair has first to break its 1.22 -...
Next week would be slow because of waiting for ECB Monetary Policy meeting and Nonfarm Payrolls on Thursday and Friday therefore. But on the days we can see a lot of volume for our market and we will get a right way in pair. We must be concentrate fully on Thursday and Friday as much as we can, because break 1.22 and go and go down will give to us bearish trend...
Current levels of EUR/NOK could offer interesting selling opportunities. NOK should outperform EUR in the coming weeks and months on the back of growing policy divergence between the Norges Bank’s policy outlook and the ECB’s, which is reflected in an increasingly negative 2Y EUR-NOK rate spread. The divergence could intensify as both banks start to cautiously...
PLN has come under pressure after the National Bank of Poland reiterated its dovish stance at its policy meeting yesterday. Governor Glapinski suggested that the NBP may raise rates at the end of 2019 at the earliest, but current projections show no reason to raise rates before the end of 2020. This comes after the NBP revised its inflation forecasts marginally...
Draghi announced the European Central Bank opted to keep interest rates unchanged and continue its asset purchase program until September. Watch this range-bound $1.22-$1.25 zone. Prices entered this zone from the downside, suggesting a bullish breakout is likely as Euro consolidates in this zone.