The price i currently at the 0.886 Fibonacci level (drawn from (0) to 1.54729 Where i could see the price be in a range zone from 1.55713 to 1.53964 which is also between 0.886 and 1.13 on fibonacci. The price have been in a strong uptrend, where a trend channel also have formed on the daily chart. The price made a new high before starting to decrease, and can...
At the same time we see: - DXY on massive support twitter.com - EUR/USD under massive resistance twitter.com - Gold under resistance: twitter.com - Quantitative tightening from the fed which should result in USD strengthening, and QE still going on in ECB, which should lead to EUR weakening.
So generally the MPC vote is expected to be Neutral and if we look through a bit, if it does comes out 7 Hold to 2 Hike as expected, GBP should be weaken. Now my intention is to look for clue if the market has already priced this in: on average, up to this point GBP is down with the most down being GBPAUD. Let's say the trend continues to in the next hour, my...
Very quick and intuitive short. As I was typing my review of the EURAUD trade, and reviewing Draghi speech, the Short idea pops up and I went right in as it broke through 1.2 like a piece of cake. I put wide stop though..who knows it may retrace.
Draghi is due to speak tonight during the ECB Press Conference. I guess today this is all market will talk about. The morning session up to this point has not hinted much, aside from EURAUD moving up due to AUD bad data, the rest is kinda sideway. Running into this event I don't have any particular insights, given the structure of first statement, followed by Q&A,...
August 14, 2016 This is the text from my comments on the charts: January 2015: These levels above 4530-4600 are totally artificial .It was an aberration created by the European Central Bank (Quantitative Easing), which helped the CAC40 hits its long term diagonal resistance before it would collapse. Greece and China were merely excuses. Greek CDS (Credit...
RE: Global Macro Update Regarding European Union, #ECB, and UK The way the #Euro is strengthening relative to the Pound, and particularly the way the #CABLE $GBPUSD cross-rate is falling out of bed is about to unleash shock-waves of negative #sentiment through the European Euro STOXX Equity Markets $FEZ. According to RunningAlpha.com Capital Markets Intelligence,...
From low interest rates to more quantitative easing all over the globe from Europe to China to Brazil, fundamentals really boosted SPX last week. It absolutely crushed the upper levels, set by both the relative highs and by Fibonacci analysis. Monday, RBA minutes come out, and assuming they are dovish (which they have no reason not to be), we can expect SPX to...
Ok, some traders noticed this vertical advance and want to short it. I do too, but not for now. I'll wait for confirmation before going short, but it looks like a potentially very good trade. It's reassuring that we are at the start of a new quarter, and many trends will start to reverse, and many pairs will come out of consolidation patterns as money managers...
Foo! finally Greece made a deal on its short term bailout programme after a long time of confusion discounted in the charts of this pair. The good news lifted the pair up without printing higher highs, however investors are still looking at the major news on the ECB as to the Quantitative Easing program. Today Greece introduced its list for economic reforms...
I've written down the notes for the trade on the chart, all self explanatory. I'm only looking for short opportunities on this pair as it has broken 200 EMA support. Yes the fundamentals of BoJ QE are still in play, but the current trend is currently in control of the bears. And remember the Yen is tied to commodities, and the market appetite for risk. And always...