Category Archives: Majors

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

  EURUSD: 1.2378 EurUsd is finishing the day roughly where it began, near 1.2400, after having recovered sharply from a swift dip to 1.2313 in NY. 1 hour/4 hour indicators: Neutral Daily Indicators: Turning lower Weekly Indicators:  Turning higher Preferred Strategy:  The momentum indicators are still indecisive, with the short term charts looking neutral while The dailies show… Read More »

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

  EURUSD: 1.2374   EurUsd is finishing on session lows, unable to take any real advantage of Draghi’s upbeat outlook on the EU or the solid ISM data as traders all watched the action in the stock markets. 1 hour/4 hour indicators: Turning lower Daily Indicators: Possible topping formation Weekly Indicators:  Turning higher Preferred Strategy:  The momentum indicators… Read More »

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

  EURUSD: 1.2454 EurUsd finished the week in the middle of its Friday range amid some volatile price action, back below 1.2500 but well above the 1.2408 spike low, seen following the release of the US data 1 hour/4 hour indicators: Neutral Daily Indicators: Up –Possible topping formation Weekly Indicators:  Turning higher Preferred Strategy:  The momentum indicators are… Read More »

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

  EURUSD: 1.2416 EurUsd has had a choppy session without breaking any new ground and is finishing the day near to where it starts, currently at 1.2410. 1 hour/4 hour indicators: Neutral Daily Indicators: Up Weekly Indicators:  Turning higher Preferred Strategy:  With the short term momentum indicators now in neutral a cautious stance seems wise. The longer term… Read More »

31 Jan: Forecast: FX: US$/Majors + trade ideas

  EURUSD: 1.2397 EurUsd has ended back at 1.2400 after a choppy day, initially falling to 1.2334 before a strong bounce to 1.2453. We now await Trump and then later in the day the FOMC outcome. Until then stay nimble. 1 hour/4 hour indicators: Neutral Daily Indicators: Up Weekly Indicators:  Turning higher Preferred Strategy:  With the short term… Read More »

30 Jan: Forecast: FX: US$/Majors + trade ideas

  EURUSD: 1.2379 EurUsd has traded with a heavy tone for much of the day as US yields pushed higher, with the 10years briefly breaching 2.7%. The pair has bounced off its lows of 1.2336 but it does look as though the correction could continue through Tuesday. The EU Q4 GDP and German January inflation figures are key… Read More »

29 Jan: Forecast: FX: US$/Majors + trade ideas

    EURUSD: 1.2428 EurUsd was choppy on Friday, mainly pushed around by politicians (Mnuchin/Trump/Kuroda) comments, less so by the data which saw a US Q4 GDP miss expectation(2.6% vs exp 3.0% annualised) but  offset by a strong Durable Goods Orders (2.9% mm v exp 0.8%). At the end of the day the pair finished at around the… Read More »

25 Jan: Forecast: FX: US$/Majors + trade ideas

  EURUSD: 1.2398 EurUsd has soared to a high of 1.2414 on the back of the positive PMIs and on Mnuchin’s comments in talking down the dollar. Further losses look likely for the dollar. 1 hour/4 hour indicators: Turning higher – Becoming Overbought Daily Indicators: Up Weekly Indicators:  Turning higher Preferred Strategy:  Mnuchin’s comments undermined the dollar, sending… Read More »

24 Jan: Forecast: FX: US$/Majors + trade ideas

    EURUSD: 1.2299 EurUsd made some minor gains in reaching a high of 1.2305 in EU/NY trade, but then gave up on the topside and has spent the rest of the day consolidating its recent gains while waiting on tomorrow’s ECB meeting, and ahead of that, today’s PMIs. 1 hour/4 hour indicators: Neutral Daily Indicators: Up Weekly… Read More »

23 Jan: Forecast: FX: US$/Majors + trade ideas

  US$ is mixed but remains under pressure after US Senate resolved Govt shutdown. EUR underpinned, assisted by Spain upgrade from Fitch. Cable at new highs after Macron hints on Brexit deal. EUR/GBP cracks below 200 DMA. Central bank meetings ahead, with expectations for BOJ (today), ECB (Thur) to make a rhetorical shift in their outlook although no… Read More »