Tag Archives: Aud$

18 July: Forecast: FX: US$/Majors

  EURUSD: 1.1477 24 Hour Outlook: Neutral Medium Term: Prefer to buy dips. Preferred 24-hour Strategy: Range trade 1.1430/1.1530? EurUsd has had a choppy session below the previous high of 1.1489, and we could be in for more of the same today while waiting on Thursday’s ECB meeting unless the German/EU ZEW Economic Sentiment Survey provides something directional.… Read More »

12 July: Forecast: FX: US$/Majors

  EURUSD: 1.1463 24 Hour Outlook: Prefer to buy dips Medium Term: Prefer to buy dips. Preferred 24-hour Strategy:  Ahead of Janet Yellen’s testimony I prefer to be neutral but the short term momentum indicators are beginning to point higher, aligning with the dailies, so looking for levels to trade from the long side does now appear to… Read More »

7 July: Forecast: FX: US$/Majors

  I am short of time today so there is no commodities outlook. As with everything else – wait for the NFP figure for guidance EURUSD: 1.1422 Short term momentum indicators: Neutral Daily momentum indicators: Mildly Bullish Upcoming market moving events: NFP 24 Hour Outlook: Neutral Medium Term: Possibly prefer to buy dips. Preferred 24-hour Strategy:  Neutral ahead… Read More »

6 July: Forecast: FX: US$/Majors

  Economics/ Politics/Central Banks: The Fed minutes hinted at increasing tensions on inflation shortfall Fed policymakers discussed possible reasons why financial conditions had not tightened following hikes in Fed funds rate Several Fed board member wanted to announce start of balance-sheet trimming within a ‘couple of months’ Currencies: Mostly rangebound, in choppy trade after the release of the… Read More »

5 July: Forecast: FX: US$/Majors

  EURUSD: 1.1346 Short term momentum indicators: Down Daily momentum indicators: Possible topping formation. Upcoming market moving events: The FOMC Minutes will be the focus but the global Services/Composite PMIs are also due. 24 Hour Outlook: Neutral Medium Term: Prefer to buy dips Preferred 24-hour Strategy:  The Euro remains heavy but rangebound at the end of the US… Read More »