Today after USD Federal Open Market Committee Rate Decision the USD get strong due to that the FED have a strong probability to hike its rate in June, in USDCAD broke a trend line, giving a confiramaion that the parice should raise. I m waing for a pull back (1.3710) to buy USDCAD.
After the EUR Euro-Zone Gross Domestic Product s.a. (YoY) (1Q A) was the samme of the forecast, EURJPY broke a bull flag giving a bull signal. So, I bought in a retracement.
Affter the relase of the chash rate and the RBA Rate Statement, the EURAUD Broke a trend line giving a bull signal. So I bought in a pullback (1.785)
After the US Treasury Sec Mnuchin said " it wil take two years to get up 3% GDP growth", the USDJPY broke a small flag giving a signal that the price will raise. So, I bought in a retracement.
I bought EURGBP due to the last news. The GDP for the Britsh Pound was worse then the forecast and the previous, for the Euro, the CPI was better than the forecast and the previous . So I m very conifident that the price will raise. I will close the trade before the ending of the trading season.
After Draghi said that the inflation is in pressure and they will leave their monetary policy unchanged. My current view for thr EUR in the short term is bearish. So, i m waiting for a pullback to go short.
Euro is strong due to the elección in France, and the Canadian dollar weakened against the US dollar and a number of other major peers on Tuesday after the United States decided to impose higher duties on lumber coming from Canada. Tomorrow the forecast for the core retail sales from Canada is worst (-0.3%) than the previous (1.7%). So in my opinion is a good...
After Canada released that its CPI is worse than te forecast and te previous GBPCAD broke a bull flag pattern giving a signal that the price is likely to continue to go up. So, I m waiting for a pullback to buy (1.7227) . The fundamental are giving me confidence tat the price should rise. The sentiment is a favor 65%
Fundamental Analysis: My current view for the Canadian Dollar is neutral fundamental bias due to the BoC are expected to hold rates and the fiscal policy continues to provide additional economic support. However my current view for the Swiss Franc is bearish, this is because although we do not expect the SNB to further ease monetary policy, interest rates are the...
The fundamental bias for the CAD and NZD( NZD is neutral due to inflation finally moving within the RBNZ's target range of 1-3% in the final quarter of 2016. With inflation in New Zealand within the RBNZ's target range and rates in New Zealand already at record lows, we believe the prospects for additional cuts have now completely diminished. And Canadian dollar...
Fundamental Analysis: My currently view the Great British Pound as having a neutral fundamental bias primarily due to the conflicting influence of Brexit concerns and rate hike expectations. Brexit concerns will continue to weigh on GBP given the risks which surround the UK economy if the UK EU negotiations result in a hard Brexit. At the same time, inflation in...
Fundamental Analysis: The Euro today declined after the release of disappointing German CPI data by the Federal Statistical Office amid dovish comments from the European Central Bank. And for tomorrow the expectation for the current account from the GDB is better than the previous data. In my conclusion the EURGBP should go down in the nest 12 hours. Sentiment...
Fundamental Analysis:The US dollar climbed against a basket of its major peers on Tuesday, as focus shifted from the withdrawal of the Republican healthcare bill to strong economic data. An index of consumer confidence surged in March, which added to the effect of statements from Federal Reserve officials on Monday. NZD is the weaker currency today. Tomorrow the...
Fundamental Analysis: The USD has been in a bearish trend since the Interest Rate Decision, and US dollar maintained most of the recent losses it had against major counterparts on Thursday, as investors held their positions in anticipation for a vote that decides the future of the GOP Healthcare plan. However, Mexican peso is doing great this days. Tomorrow in NY...
Fundamental Analysis: My currently view the AUD as having a neutral bias as the RBA are expected to remain on hold for the foreseeable future with futures markets currently pricing only a 5% chance of a cut at the April´s meeting. The main risks to our neutral view would be Australian inflation which continues to remain below target and subdued economic growth as...
Fundamental analysis:My currently view the Euro as having a bearish fundamental bias as the ECB continue to stress that they wish to maintain rates at lower levels along with political uncertainty throughout the EU's key countries. However, currently view New Zealand Dollar as having a neutral fundamental outlook due to inflation finally moving within the RBNZ's...
Fundamental Analysis: The S & P 500 has been in a strong trend, and the stock market is doing well in the medium term due to congressional policy and the president. If that does not change that should not change the trend. Sentiment Analysis: The sentiment for the S&P500 in the long term is strong bullish Technical Analysis: The price is inside of a bull channel,...
Fundamental Analysis: The AUD is in a neutra bias, because the RBA are expected to remain on hold for the foreseeable future with futures markets currently pricing only a 5% chance of a cut at April's meeting. For the JPY is en bearish bias due to the BoJ has not improve its inflation, so BoJ will live the ease monetary police with its negative rates. Sentiment...