Category Archives: Majors

28 Feb: Forecast: FX: US$/Majors + trade ideas

    EURUSD: 1.2230 EurUsd is lower today, initially following the lower than expected German CPI, and then on the back of Powell’s upbeat outlook, but so far is holding on above decent support above 1.2200. It will be a busy session ahead with the German Gfk Consumer Sentiment and Unemployment, and then the US ISM/Prices Paid and… Read More »

27 Feb: Forecast: FX: US$/Majors + trade ideas

  EURUSD: 1.2311 EurUsd headed up to 1.2355 in Europe before the US$ found a bid tone, sending the Euro back to 1.2778 and then remained choppy near 1.2300 for the balance of the session. 1 hour/4 hour indicators: Neutral Daily Indicators: Turning lower Weekly Indicators:  Turning higher? – Possible topping formation. Preferred Strategy:  The short term momentum… Read More »

26 Feb: Forecast: FX: US$/Majors + trade ideas

  EURUSD: 1.2294 EurUsd finished the week with a fairly tight session without any real direction and we could be in for more of the same today, while waiting on the Fed’s Powell to testify to Congress Tue/Wed. 1 hour/4 hour indicators: Neutral Daily Indicators: Turning lower Weekly Indicators:  Turning higher? – Possible topping formation. Preferred Strategy:  The… Read More »

19 Feb: Forecast: FX: US$/Majors + trade ideas

  EURUSD: 1.2410   EurUsd reached as high as 1.2455 in Asia (100 MMA) on Friday but then reversed through the rest of the session, and in closing near 1.2400 it made a bearish key-day reversal. The Euro looks heavy but today’s China/US holidays will diminish interest and it may be fairly quiet. 1 hour/4 hour indicators: Turning… Read More »

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

  EURUSD: 1.2504 EurUsd has spent most of the session in a choppy 50 point range and is finishing the day at the highs of 1.2510, and appear set to take on the 2018 high of 1.2538. The dollar remains under heavy pressure following the mixed US data and it looks set to find little reprieve heading into… Read More »

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

  EURUSD: 1.2451 EurUsd has had a wild ride on Wednesday, falling to 1.2275 after the stronger US CPI, before reversing sharply to reach a high of 1.2445, roughly where it is finishing the session.  Why the violent reversal? No idea. Perhaps the Retail Sales miss was to blame? There will be plenty more US data again today,… Read More »

14 Feb: Forecast: FX: US$/Majors + trade ideas

  EURUSD: 1.2356 EurUsd has squeezed slowly higher on Tuesday, reaching 1.2370 and closing near the highs, with the Euro seeing some demand through the crosses as well, while waiting on today’s upcoming German/US CPI figures. 1 hour/4 hour indicators: Mixed. Turning higher? Daily Indicators: Turning lower Weekly Indicators:  Turning higher? Preferred Strategy:  The Euro has reached 1.2370,… Read More »

13 Feb: Forecast: FX: US$/Majors + trade ideas

  EURUSD: 1.2288 EurUsd has been choppy on Monday and the action lay elsewhere – in the stock markets -, with the pair closing not too far from where it spent much of the session, after a range of 1.2235/1.2896, leaving the overall outlook unchanged. 1 hour/4 hour indicators: Mixed. Turning higher? Daily Indicators: Turning lower Weekly Indicators:… Read More »

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

  EURUSD: 1.2251 EurUsd was whippy on Friday but the action lay elsewhere and the pair closed not too far from the opening levels after a range of 1.2205/1.2886, leaving the overall outlook unchanged. 1 hour/4 hour indicators: Turning lower Daily Indicators: Turning lower Weekly Indicators:  Turning higher Preferred Strategy:  With the momentum indicators generally pointing lower, further… Read More »

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

  EURUSD: 1.2266 EurUsd is lower today as the dollar shorts get squeezed and is closing the day towards the day’s range of 1.2405/1.2245 There is little data due today (German Trade Balance, US Jobless Claims) and so it will be risk sentiment, as measured through the stock markets that again decides the direction. 1 hour/4 hour indicators:… Read More »