Markets ended the week on a mixed note following the release of the US jobs data on Friday. While the NFP showed 227k growth in the job market in January, much stronger than the expectation of 175k and up from the previous month’s 157k, the headline unemployment rate also rose 0.1% to 4.8%, above expectation of remaining… Read More »
The start of the week requires a nimble stance following the non-committal moves seen after Friday’s US jobs data. If anything, the commodity complex looks a little more robust, with the charts hinting at both the Aud and the Kiwi looking to remain underpinned, while Gold and Silver also appear set to remain firm. Elsewhere things look set… Read More »
Currency markets have seen some sharp moves during the latest session, led by the Aud$ which headed sharply higher after the latest, record trade surplus The Aud has traded to two month highs. Cable has headed the other way, falling sharply after the BOE left rates unchanged, despite the latest sharp increase to the forecast for UK… Read More »
The FOMC has left markets rather uninspired, although Cable has had another good day and I suspect that even higher levels lie ahead. Buying dips against the dollar or selling rallies in the cross, EURGBP, both seem to have some credence, with the BOE Meeting and Inflation report likely to inspire some volatility today. Elsewhere, the dollar does… Read More »
The US$ has recovered from its recent lows today as risk sentiment improved, with stock markets holding on to their gains after the DJI topped the 20,000 mark for the first time and remains so at the time of writing, heading into the Thursday NY close. Sterling had another strong session early on, making a new trend… 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.