Tag Archives: dollar

26 Feb: Forecast: FX: US$/Majors + trade ideas

  EURUSD: 1.2294 EurUsd finished the week with a fairly tight session without any real direction and we could be in for more of the same today, while waiting on the Fed’s Powell to testify to Congress Tue/Wed. 1 hour/4 hour indicators: Neutral Daily Indicators: Turning lower Weekly Indicators:  Turning higher? – Possible topping formation. Preferred Strategy:  The… Read More »

26 Feb: Forecast: Commodities/Stock Indices + trade ideas

  S&P: 2745 Preferred Strategy:  The S+P had another  good week and continued its recovery high in the wake of the recent  selloff, reaching 2745, closing at the week’s high. 1 hour/4 hour indicators: Turning higher Daily Indicators: Turning higher Weekly Indicators:    Turning lower Preferred Strategy:  The charts are mixed at the start of the week, with the… Read More »

21 Feb: US$ up, stocks down as yields head higher. Flash PMIs in focus ahead of the FOMC Minutes, late in the day.

  Stock markets are lower while the US$ bounced on Tuesday as US markets return from their long weekend, with the Euro leading the way down after a rather disappointing ZEW release. The German ZEW economic sentiment dropped to 17.8 in February, down from 20.4 record high but beat expectation of 17.9, while the current situation gauge dropped… Read More »