Tag Archives: eurusd

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 »

10 July: Forecast: FX: US$/Majors

  EURUSD: 1.1400 24 Hour Outlook: Prefer to sell rallies  – tight SL Medium Term: Possibly prefer to buy dips. Preferred 24-hour Strategy:  EurUsd is more or less unchanged following Friday’s unemployment outcome but the good headline figure for the NFP should be dollar supportive, I suspect, as it probably reaffirms another rate hike from the Fed ahead… 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 »

3 July: Forecast: FX: US$/Majors

  Economics/ Politics/Central Banks: US personal income rose 0.4% in May, above expectation of 0.3%. Personal spending rose 0.1%, in line with consensus. Headline PCE slowed to 1.4% yy, below expectation of 1.5% yy. The Fed’s Bullard was rather dovish on Friday, saying that the recent “data has not been that great considering that we got going on… Read More »

30 June: US$, stocks under pressure. China manufacturing PMI, UK GDP, EU CPI & US PCE make for a busy Friday.

  It has been another hectic session, with stocks being sold heavily, while the US$ is still generally trading under pressure, with the DXY reaching levels last seen in early Oct 2016 (95.53).  The firm German CPI propelled the Euro higher, while Cable was underpinned by better than expected UK lending data. Later in the session some rather… Read More »