6 Oct: Forecast: FX: US$/Majors + Trade Ideas

  EURUSD: 1.1709 Preferred Strategy:  All will depend on today’s NFP outcome but the momentum appears to be building in favour of a stronger dollar and I prefer to remain short of the Euro, looking for an eventual head/shoulder target of 1.1560. The short term momentum indicators also look heavy and I will be short heading into the… Read More »

5 Oct: Forecast: FX: US$/Majors + Trade Ideas

  EURUSD: 1.1763 Preferred Strategy:  The short term momentum indicators  still look mildly positive today so the downside momentum that is building in the dailies appears to be on hold for now, and that will probably remain the case until the US employment report when a decent number will be needed to propel the dollar higher. If not,… Read More »

Trade Idea : 4 Oct: Buy AUDNZD

These market alerts are provided as part of a trial basis only.  Buy AUDNZD @ 1.0900 SL @ 1.0845 TP @ 1.1020 This order is only good for entry purposes until 5.00 pm NY time today Trade Description: The Kiwi seems set to remain under pressure in the days ahead, both against the US$ and on the cross,… Read More »