Category Archives: Majors

21 Mar: Forecast: FX: US$/Majors + trade ideas

  EURUSD: 1.2240 EurUsd has reversed the gains of the previous session following the soggy EU data and now sits at the day’s lows while waiting on today’s FOMC Meeting. 1 hour/4 hour indicators: Turning lower Daily Indicators: Neutral Weekly Indicators:  Possible topping formation. Preferred Strategy:  The short term momentum indicators look negative on Wednesday and the Euro… Read More »

20 Mar: Forecast: FX: US$/Majors + trade ideas

    EURUSD: 1.2339 EurUsd  based at Friday’s low and having traded down to 1.2259, it has since squeezed higher on the back of the move in Sterling, reaching 1.2358 before closing at 1.2335, in line with Friday’s high. Some choppy trade may now be possible as we wait on tomorrow’s FOMC meeting/dot-plot outlook, with today’s point of… Read More »

16 Mar: Forecast: FX: US$/Majors + trade ideas

  EURUSD: 1.2302 The US$ is stronger all round today, and after a slow drift lower in Europe €/Usd increased its downside momentum after the strong US data, ending the day on session lows at 1.2300. A busy US calendar again today could see another active session , and if the data is as firm as yesterday’s we… Read More »

15 Mar: Forecast: FX: US$/Majors + trade ideas

  EURUSD: 1.2375 Having made a new high for the week during the Asian session, EurUsd has since been choppy but generally rangebound on Wednesday although the dollar remains under some downside pressure against all the major pairs. Also of note, Mario Draghi was speaking and reiterated that the ECB is in no rush to change policy, causing… Read More »

12 Mar: Forecast: FX: US$/Majors + trade ideas

  EURUSD: 1.2305 EurUsd was choppy but rangebound on Friday following the mixed messages from the US employment data, and ended up back at 1.2300, with a cautious outlook required on Monday. Note that the DXY finished higher for the 3rd successive week (90.13) and provides some mild support for the future dollar outlook. The EU February CPI,… Read More »

8 Mar: Forecast: FX: US$/Majors + trade ideas

  EURUSD: 1.2412 EurUsd has been choppy but rangebound today and after setting a new trend high, it later dipped to 1.2385 after the ADP figures provided the dollar with some support. The ECB is in focus today, No change to Monetary Policy is expected although upgraded economic and inflationary outlooks and possible removal of QE flexibility language… Read More »

7 Mar: Forecast: FX: US$/Majors + trade ideas

    EURUSD: 1.2402 EurUsd headed sharply higher in European trade on the N Korea news, reaching 1.2420 before settling back at 1.2400. We now wait today’s EU Q4 GDP (exp0.6%qq, 2.7%yy) beyond which, traders will look towards Thursday’s ECB Meeting.  The ADP Jobs data may cause some ripples later in the day (exp 195k). 1 hour/4 hour… Read More »

6 Mar: Forecast: FX: US$/Majors + trade ideas

    EURUSD: 1.2327 EurUsd has been relatively steady following the Italian election result and clings close to 1.2300, with some large option expiries acting as a magnate, which could well be the case again today, with little data on the agenda to provide direction and with traders now looking towards Thursday’s ECB Meeting. 1 hour/4 hour indicators:… Read More »

5 Mar: Forecast: FX: US$/Majors + trade ideas

  EURUSD: 1.2327 EurUsd closed Friday at session highs after Donald Trump’s intervention through his Twitter Account, and right now it looks as though the Euro has the legs to head higher although the EU PMIs, today, and the prospect of a dovish Draghi at the ECB Meeting on Thursday may curb the enthusiasm to buy the Euro… Read More »

1 Mar: Forecast: FX: US$/Majors + trade ideas

    EURUSD: 1.2199 EurUsd is trading at 1.2200 on Thursday having broken the previous 1.2205 support and so far having traded down to 1.2187. The techs look heavy but direction today will be driven by the EU February PMIs, the US January core PCE. The Fed’s Powell and Dudley are risks as well. 1 hour/4 hour indicators:… Read More »