Banker928

Banker928

The FOMC minutes should be bullish for the dollar... the gbpusd has hit a line of resistance that market makers will be unwilling to break before the minutes release... this offers a good short opportunity.

Banker928

Euro area inflation will be due in about 12 hrs... I am expecting a lower then forecast CPI which should pressure the pair coming into this weeks ECB meeting.... We have a nice descending trendline technical pattern to support the short entry.

Banker928

It has been discovered that ads on Yahoo have been infected users who click on them... This should drive the stock price down towards the price target as speculation over lost ad revenue should cause selling. If the public is wary of clicking on the ads... they will click less... which equals less money for yahoo.

Banker928

Although The fundamental bias is bearish over the next few months... This pair fell too hard to fast and should see a bit of a recovery before the next move down.... this is entirely a technical scalp.

Banker928

We are seeing some profit taking and a shakeout of weak short euro positions on the back of a better then expected consumer confidence number out of euro... expect this to fade later today and early next week as the US fundamental position is fully realized as being strong and taper expectations sink in fully.

Banker928

Looking at peak of downwards trendline... Confluence of Fundamentals and Technicals suggest a good short opportunity here.

Banker928

The ECB is expected to become more doveish in the near term... While the RBNZ is expected to be hiking rates soon. Ceiling on this pair is 1.6800 with plenty of room for the downside. This is a positive caryy trade too for extra bonus. Techinically we have a rising wedge which is looking to breakdown next week or first week of January.

Banker928

NZD GDP probably will come in around 1.5... well above the 1.1 concensus.

Banker928

RBNZ coems off as more hawkish then expected... bearish follow through expected on this pair

Banker928

eurgbp at a nice line of resitance that is offering an decent reward to risk ratio.

Banker928

Looks like EurUsd is about 200 pips above where it should be based on the fundamentals... Seems like this will not be able to move much higher. The key drivers have been the rate cut and future expectations of ECB actions and the employment situation in the US which will ultimately determine Taper timing. USD should perform well in the coming quarter.