Tomi Trader – MT4 Expert Advisor. When the medium/long term bias for a currency pair, commodity or stock index is either bullish or bearish, as can be ascertained from the daily trend table (i.e. http://fxcharts.net/category/trendtables/)an EA can be attached with that particular bias in mind. As and when our bias changes, we can either close the EA down or,… Read More »
After the initial kneejerk reaction in early Asian trade yesterday, the escalation of US-China trade war has been largely ignored by the financial markets. US stock markets are up by 0.5%-0.7%, the currency markets are steady, with the Aud$, a barometer of China trade, back above 0.7200, while the generally safe-haven Jpy is at a 2 month… Read More »
The dollar is mixed on Wednesday, and in the short term at least it looks as though this could continue this way as the market digests the outcome of the trade tariffs. Interestingly, the Yen is lower despite its safe haven status, while the Aud$ is at session highs even though it is likely to be the most… Read More »
The dollar is heavy on Tuesday, and in the short term at least it looks as though this could continue today, with the Euro and Sterling looking to be the best bests. Cable of course can turn around pretty quickly on a negative Brexit headline, but for the time being it looks well bid against the dollar (although… Read More »
The US$ is back under some pressure at the start of Tuesday trade, while traders wait to see what the outcome of the threatened trade tariffs will be. Cable in particular had a decent session, dragging the Euro higher as well, after reports that talks between the EU and UK on Brexit are being conducted in a… Read More »
The dollar is firmer on Monday after some mixed data on Friday, with the Aud$ and the Euro both recovering some of their previous lost ground. However, things look a little unclear early in the week and, with the charts looking generally mixed, a cautious stance is warranted on Monday. Interestingly, as we said on Friday, despite the… Read More »
The US$ recovered a little of last week’s lost ground on Friday after some mixed data from the US, while also being assisted by a report that Trump told his cabinet that he wants to impose China tariffs, escalating the chances of a full-blown trade war. The Euro was hit by a report suggesting that some members… Read More »
The US$ fell for a 4th successive day, to a 5 week low against the USD Index (DXY: 94.43 low) on Thursday after the US CPI increased by less than expected in August, and due to some signs of reduced trade tensions between China and the US. The headline CPI rose 0.2% mm, 2.7% yy versus expectation… Read More »
The dollar is lower on Friday after some weak inflation data, and it does look as though it may remain under pressure heading into the weekend. Despite the prospects of a trade war there currently seems to be a risk-on attitude, with a willingness to sell the Jpy on all fronts; trading EurJpy, AudJpy and NzdJpy from the… Read More »
The US$ is lower on Thursday, due in part to some hope of progress on US/China trade talks, as reported in the WSJ, but also because the August, US headline PPI dropped to -0.1% mm versus expectation of 0.2% mm rise. The YY rate also slowed from 3.3% yy to 2.8% yy, below expectation of 3.2% yy… Read More »