Tomorrow morning, we have the RBA decision on the Australian cash rate (interest rate) with expectation for rates to be kept on hold. We’ll look towards the sentiment of the accompanying statement.
In previous statements, the RBA had signaled an intention to increase rates in 2018, but current expections have become more dovish, with rates likely to be held...
The 5 star movement is emerging as the largest party from the Italian election. The party’s direction is anti-establishment and anti-EU, which could spell further trouble for the EUR/USD.
Looking for resistance of 1.2350 hold, with the downward move a higher probability.
End of a massive week where we saw prices of the major currency pairs moving from between 100 to 250pips, in alignment with our analysis for a stronger USD.
This strength in the USD was derived from Chair Powell’s hawkish tone on the US economy and the continual sell off in the equity markets.
Today we saw a short term bounce in the USD, most likely due to...
In part 1 of his testimonial, Chair Powell reinforced an optimistic outlook for the US economy, highlighting growth in the domestic economy, unemployment rate at historic lows and reiterating guidance for further gradual increase in policy interest rates. As expected, his statements portrayed a positive sentiment towards a growing US economy and thus a...
Tonight, we have ECB President Draghi speaking on the monetary policy and inflation.
Expectation for the ECB to present statements regarding the end of Quantitative Easing program and the subsequent steps.
This could bring the EURUSD lower, with a move for higher prices capped by the 1.2350 resistance level.
If the EURUSD moves lower, I’ll be looking for...
Looking to short a weak NZD against the USD, we've put a Fibonacci retracement on the chart and support and resistance levels match with some of the Fib levels where we can use for entry and exit levels, we'll wait for price to pass through the 0.236 line and take a short position.
In the evening, we have the monthly CAD CPI data to be released.
There is a forecast for data to be released at 0.4%, from the previous of -0.4%.
The USDCAD has been climbing up, currently trying to break above 1.2720.
If CPI data is released to be 0.4% or better, we could see a strengthening of the USDCAD (but this would be a counter trend trade)
I’ll be...
DXY struggling to bounce strongly off 90. Might see some weakening of the USD, but traders should be careful and consider possibility of this as a technical and reactionary move.
This retracement of the DXY coincides with the S&P 500 bouncing off the 2,700 level.
I’ll be looking for trade setups which highlights continual USD strength.
For example, the...
Seeing USD slowly moving into positions of strength, across most of the major currency pairs. This could be a result of the continual sell off in the S&P500.
However, it’ll also be important to note the FOMC meeting minutes to be released tomorrow morning (3am).
Typically, meeting minutes releases are non events (compared to press conferences).
However,...
Could 107 be the barrier, once broken will bring about 108 and 109 for the USDJPY.
Whilst volatility is seen in the USD, it is also slowly gaining strength.
Although the BoJ seems to be moving away from its aggressive stimulus plan, forgoing a 2% inflation target, the Yen seems to be bought only on risk-off situations (reserve assets are bought).
Therefore, if...
Happy Chinese New Year & US President’s Day
Back from a short CNY break, you will notice the narrow range which the market is trading in for today, primarily due to the Chinese and US market being closed today. Since my last analysis, we saw the USD strengthen against the major currency pairs, as the S&P 500 shows signs of reversing its recent gains.
Due to a...
Happy Chinese New Year & US President’s Day
Back from a short CNY break, you will notice the narrow range which the market is trading in for today, primarily due to the Chinese and US market being closed today. Since my last analysis, we saw the USD strengthen against the major currency pairs, as the S&P 500 shows signs of reversing its recent gains.
Due to a...
Happy Chinese New Year & US President’s Day
Back from a short CNY break, you will notice the narrow range which the market is trading in for today, primarily due to the Chinese and US market being closed today. Since my last analysis, we saw the USD strengthen against the major currency pairs, as the S&P 500 shows signs of reversing its recent gains.
Due to a...
Looking like a large build up of orders waiting to go Long, however waiting for short term USD strength to bring price down so those orders can get in, then AUD could have strength on it's side.
Looking like a potential build up of orders waiting to go short at around the 1.2600 level if the USD weakens and EUR gains strength, if not and it's a possible wait there could be a chance round 1.1800 level to go long, however would need to wait for USD strength.
Hi guys,
Here we are looking at the S&P 500. on a monthly candlestick chart..
As we all know, markets can't keep going up forever. Not even stock markets...
for the past 8-9 years (after the crash of '08) we made a gain of more then 300% and in the last year of it's bull run it made a real "blow-off top"!
everyone who follow the news a bit knows that the price...
In the evening, we await the BoE rate decision. Again, rates will likely remain unchanged, with little to no dissent in the decision. I’ll be focusing more on the Inflation Report, identifying signals on whether inflation would be sustainable at the 2% target, with a stronger GBPUSD > $1.35
Early morning, we have RBNZ rate decision. While the decision to maintain rates is expected, a neutral statement is anticipated to accompany the decision. Looking for another quick jump in the NZDUSD, followed by a reversal throughout the day.
