In the absence of NY it has been a very quiet session although stocks have drifted a little higher, with US stock indices again reaching all time highs on the back of generally firm European stock markets.. The US will be back in action today which will provide added liquidity and volatility, with the economic highlights to be… Read More »
EURJPY: 119.78 EurJpy fell heavily at the end of last week, from a Friday high of 121.09 to a low of 119.70, finishing below 120.00. The 4 hour/daily momentum indicators appear to suggest that further losses lie ahead although decent support lies at the 100 DMA and previous low at at around 119.30. A break of this would… Read More »
The dollar was mixed while stocks were initially slightly easier on Friday ahead of the holiday weekend as investors traders booked some profits while waiting on details of Donald Trump’s tax and spending plans although by the end of the session they were more or less back to flat. The main action was seen in Sterling, which tumbled… Read More »
S+P: 2348 US stocks ended Friday pretty much unchanged from Thursday, leaving the outlook unchanged ahead of the US holiday. The short term charts now mixed, so a sideways session looks most likely. Bids will arrive at 2035/40 below which further support lies at 2330 and then at 2320. We are only a few points from the… Read More »
EURUSD: 1.0609 The Euro traded in heavy fashion on Friday, unable to overcome the offers at 1.0675 and drifted back to finish just above the lows of 1.0605. The momentum indicators are somewhat mixed on Monday and it looks like being a fairly tight session in the absence of the US market but the hourlies are pointing… Read More »
Despite some solid data, both the US$ and stocks are a bit weaker today as traders wonder as to the timing of the next Fed rate hike, with speculation growing that it may be delayed beyond March as had previously been hoped. The initial jobless claims rose 5k to 239k, better than expectation of 245k while the housing… Read More »
These market alerts are provided as part of a trial basis only. To continue to have access to alerts at the end of the trial register at fxcharts. Buy EURUSD @ 1.0585 (55 hour SMA) SL @ 1.0545 TP @ 1.0640 With both the 1 and 4 hour charts looking a little more positive, buying the dips today seems… Read More »
The US$ has ended mixed, while stocks are once again at new all time highs following some strong economic data from the US. The CPI rose 0.6% mm, 2.5% yy in January (the biggest gain in 4 years), beating expectations of 0.3% mm and 2.3% yy, while the retail sales rose 0.4% in January versus expectation of 0.1% and… Read More »
Take profit on the short EurUsd position at market: (1.0600) http://fxcharts.net/trade-idea-date-15-feb-sell-eurusd/ Square up the short Euro position at flat. The short term indicators now seem to point a little higher.
These market alerts are provided as part of a trial basis only. To continue to have access to alerts at the end of the trial register at fxcharts. Sell EURUSD @ 10600 SL @ 1.0640 TP @ 1.0525 This trade alert is only good for entry purposes until 5.00 pm NY time today Trade Description: The Euro remians under… Read More »