fxrenew

Sam_Eder

UK data has allowed for further downside towards 1.3300. At current prices, intraday readings are stretched and intraday players are likely to scale out here around 1.3300 and trail stops to 1.3420s.

Sam_Eder

GBP has been in a downtrend for a few weeks now, and is engaging with downwards momentum once again this morning. However, with CPI due in just ove 2 hours, we would suggest waiting for the data to hit and playing the reaction. The market is expecting a neutral/positive number but our analysis would suggest strong potential for a negative number. Updates to follow.

Sam_Eder

Trump headlines spooked a fairly illiquid market overnight and caused some risk-off tone. A tad overdone intraday already, plus there is more data due today to take on board.

Sam_Eder

Intraday shorts will likely scale out around here. Short bias remains intact, look for rallies towards 1.5550 to be sold into.

Sam_Eder

We've been suggesting FTSE long to clients for the past 6 weeks and the bias is still in play. 7800 is the main support zone currently. So long as it holds on any retracement, the bias remains intact. GBP weakness is also helping this trade, since FTSE is priced in GBP.

Sam_Eder

AUD was the strongest comm-doll into the week and clients had been advised to play Aussie strength vs. Euro. Further losses are possible, as the market pushes for 1.5500 with Italian political concerns pressuring the Euro, and the return of European traders after yesterday's bank holiday.

Sam_Eder

As EU traders come back to their desks today it will be interesting to see what happens to the Euro. We bounced the first support zone 1700/20 yesterday and 1.1800 has acted as resistance. We need more information before making any further decisions. There is also the feeling that Italian political concerns are overdone. This all feels a bit premature - patience...

Sam_Eder

Our bullish call is in play and we are above last week's high. Further gains look possible given the current conditions.

Sam_Eder

Venezuelan elections and a ballistic missile fired over Saudi’s Jazan City have WTI poised for further upside. Will 72.00 break this time round?

Sam_Eder

Italy's populist government agenda, alongside rising US Yields have created a divergence which could result in further downside on the Eur.

Sam_Eder

Our bullish call from last week has received a boost from trade negotiations. We look for a pullback to 111.00/10 to add.

Sam_Eder

We expect positive data out of Canada today and will be targeting CADJPY if our expectations materialize. - J.P.

Sam_Eder

Momentum has been lost on AudNzd as we fall back below the 1.0900 handle. Short-term traders can scratch their remaining longs whilst medium-term traders will have stops still parked around the 1.0850s and waiting to see the close of business today.

Sam_Eder

Our main target was reached. Scale out, cover costs and trail stop. Long bias is still in play, but no further entries are warranted this week.

Sam_Eder

72.00 is being rejected and this isn't the kind of performance that we like to see early on in a trade. Depending on your risk appetite, feel free to scratch this trade and keep your powder dry for other opportunities.

Sam_Eder

USDJPY has progressed as expected, and is signalling overbought readings. Up here in the 110.70s is a decent place to scale out/cover costs.

Sam_Eder

A combination of Italian political developments and demand for Crude oil are keeping the lid on EURCAD.

Sam_Eder

As demand remains strong whilst supply tightens, Crude Oil is pressuring 72.00 from below and looks poised for higher prices. Rather low risk compared to the potential upside.