EUR/USD fail 1.26 last week and was sunk by Draghi sppech. The outlook of the Euro Zone are not too optimistic because of the disappointing PMI data. ECB is learning from Abe road that they dont really act but hint the further looser central bank policy. From the view of technical that Euro/usd is going to test the support line at 1.23. Market will focus on USA...
Chinese Central Bank unexpectedly cut the interest owing to its downtrend industry output. Cutting the interest rate may have pros and cons that depends on how does the market react. Will market feel excited about the policy decision or worry about the outlook of the China economy? Monday market open will be answer. ( However, Aud and Nzd were positively reacting...
XAUUSD CCI broke -120 and hinted further rebounding.
However, V-sharp reversal seems not to be seen on the chart.
Short the currency when there is short signal from CCI
EUR/USD broke 1.25 psychological level that triggered more buyer interest in NewYork Session last Friday. With rebounding CCI, it hints the currency may hold rebounding next week targeting 1.26 level before the Fed Minute. Market also put attention on Fed minute next week. Risk on/ Risk off? Buy at 1.25 for 1.26 before Fed Minute. Waiting further buy/sell signal...
In the past 3 years, Improving US economics and Abe economic effects boost up US and Euro stock market. Euro stock cheers for the German economy in the 2013. Who is/are missing main charaters? China and HK Stock market is unexpectly quiet. However, recently optimistic data from China seems will trigger buyers and boost up the stock market.
The currency rebound from the long term downtrend.
From the view of the fundamental that RBA stop cutting the rate( but worrying about high
Aussie may cut the economy growth and uptrend of Stock market lifted up the Aussie
However, with the correction of the stock market may lock the buyers
Sellers are waiting the sell signal and regroup quickly when price...
EUR/USD is not optimistic from the view of the fundamental that
ECB is likey to concerned about the low inflation and cannot exclude the QE (but not using the FED QE method)
On the another hand, the USA's economy is like to lifted up after snow winter
It helps the Usdollar but not gd for the Eurodollar : [
From the view of technical, eyes on the key uptrend...
Still inside a narrow moving.
Even though fundamental gives support but slide of the stock market may restrict USDJPY uptrend.
It cannot rule out price may break 103 and 103.63 level if US and Stock markets found support and recovery uptrend. From the view of technical, price still in the sideways moving. Resistance at 103 and 103.60, Support and 101 and 100....
CCI magic: cci shows temporary top was built up after Fed's rate decision.
If CCI breaks 0 and -100 will extend weakness to lower.
In line with above expectation, price may break uptrend and test 1.36 in London and New York session
In the past months, Euro showed its strengths facing Fed tapping because of optimistic of the Draghi speech.
However, ECB finally warned strong Euro may affect the outlook of the Inflation and low inflation's threat.
From the view of technical, euro is stained by the 1.40 psychological and form a rising wedge. sell below the top for ECB's policy change and Fed's...
