zulle6716

zulle6716

No clear indication of price action, nor direction for EURAUD on H4 time frame. Brexit and US-China clearly leave scars to the pair. On Daily, the pair is moving in a wide range between 1.3700 and 1.6300. Staying clear until further direction is presented. A bearish bias could develop if US proceeds with Auto Tariff, but negative sentiment in the equity market...

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EURJPY is one of the market's indicator for sentiment, especially when we have big themes capturing attention. Support is at 123.50 & Resistance at 127.00

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EURGBP has been pounded (pun intended) as Brexit headlines poured out from UK Parliament last week. Expecting a further leg down. A bounce to the 0.8650 to 0.8700 range will give a decent risk reward trade. Expecting a bounce for the pair this week if the 3rd Meaningful Vote on March 20th and data coming out from UK highlight uncertainty in British politic and...

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USDCAD is being held by 1.3100. A hesitant crude price is keeping a cap to CAD strength as it is evident that US President Trump wants to keep a lid on crude price. Increased US oil production and stagnant demand are balancing OPEC production cut. Canada Q4 2018 growth stands at 0.1%, the weakest figure since Q2 2016 due to lower export prices of crude oil,...

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USDCHF is reaching a good support area. An improving sentiment towards US-China talk might be the catalyst for higher stock market, and capital outflow from the safe haven. SNB is expected to be dovish in its statement, following a dovish ECB.

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Kiwi is trading in a 200 pip range between 0.6700 to 0.6900. A dovish RBA turns the spotlight on RBNZ that will meet on March 27. Data suggests that RBNZ could turn dovish as Q4 2018 GDP is seen improving to 0.5%, higher that 0.3% reading for Q3 2018 but below RBNZ's 0.8% projection. US-China Trade Talk will be watched closely for an idea about NZD's movement....

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AUDUSD is trading in a range between 0.7000-0.7400. A more dovish RBA that hinted at possible rate cut turned sentiment into a more cautious stance toward AUD. However, a bottom might be in sight as US-China trade talk is moving to the right path. January’s official data shows improvement in the economy, with trade balance, employment change and retail sales...

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USDJPY is setting up for a possible bullish continuation. A clearer outlook in term of US-China trade relation will give something for the stock market to cheer on. As more stimulus announced by the Chinese government, the world's biggest commodity market could see better days ahead.

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A busy week for GBPUSD. We have 3rd Meaningful Vote scheduled on 20th March and BOE will release its policy statement on Thursday. Market is expecting lawmakers to reject PM May's Brexit Deal, while BOE's is expected to remain on hold. Employment data is due on Tuesday. January's PMI shows lower recruitment number with highest pay pressure. CPI data could surprise...

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FOMC, Brexit, US-China Trade Deal, falling yield.. EURUSD remains in a bearish regression trend channel, with 1.14 level seen as the next resistance for the pair. A hawkish FOMC could send the pair lower to test the 1.00%-1.272% extension level. Remaining neutral for the pair until price reach the significant level.

zulle6716 Updated 

GBPUSD has seen volatility as market digests Brexit headlines. Cable moved higher and broke 1.3300 level as better sentiment developed for Sterling with market pricing in the probability of Article 50 extension and No Deal becoming less likely. Focus is back on PM May getting better deal and assurances on Irish backstop. It seems unlikely that EU will yield to...

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USDCAD is trading in a range between 1.3100 and 1.3350. Weak Q4 GDP print saw CAD offered across the majors, and the outlook does not look better in Q1 2019 as mentioned by BOC Poloz. Couple with inflation data that is lower than BOC's projection, market is expecting a dovish statement from BOC this week. Keep an eye on China's Two Sessions as positive takes...

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USDCHF moves in a 200 pips range for the past 30 trading days. A symmetrical triangle like pattern indicates a possible leg lower for the pair. Looking at the pair, the outlook seems mixed with no clear major catalyst at the moment. Switzerland's economy shows some recovery in Q4, though the figure is below SNB's projection. However, a risk off event could...

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AUDUSD moved lower as market dumped risked assets toward London Close last Friday. Market is now waiting for further clue from China's Two Sessions, as Chinese Premier Li Keqiang outlines the outlook of growth and policy for the world biggest commodity importer. A possible contrarian idea in a side-way market with good risk reward potential if China's project...

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USDJPY showed strength as market sentiment improved on the back of US-China trade talk. Technically, price reaches 1.618 level of fibonacci extension and the moves look extended. Expecting a pullback of the move from current level. The major catalyst for the pair will be Li Keqiang's speech on Tuesday. Market waits for the details from his speech on: 1....

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EURUSD has seen its ups and downs with as market digests developments in Eurozone economy. US Q4 GDP printed higher than market's expectation at 2.6%, with Composite PMI showing positive outlook for US Q1 growth. Eurozone's economic indicators are pointing downward, and the market is looking for a bottom for the slowing cycle. February's PMI gives some hope for...

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The pair traded in a range between 0.6700 and 0.6950 as market awaits further clarity on global yield growth. Focus will be on China's growth projection figure that will be outlined by Chinese Premier, Li Keqiang. Yuan's independence from manipulation will be another focus at China's Two Sessions as any commitment and assurance by the government will signal...

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A flash crash at the beginning of Asia's session on 4th January 2019. AUDJPY went down 7%. It recovers back almost to the point where the move started as the day goes by. Stock markets were generally negative. Yet we see recovery in AUDJPY price. Shouldn't AUDJPY be a proxy to the market sentiment? Almost everything is negative, yet AUDJPY recovered. What...