EURUSD: 1.0548 The Euro has headed lower on the EU election concerns and hawkish Fed speak, testing the 1.0520/25 support area, which has so far held although, with the short term momentum indicators now looking heavy a break could see it head quickly to 1.0500, below which would then see an acceleration to the downside as there… Read More »
Trade Parameters: Currently sitting right on the 100 SDMA, we are currently close to decent resistance, with 1.0825 being the 50% pivot of the move from 1.1299/1.0340, but with the 4 hour/daily indicators looking to align higher, it appears that we should take advantage of any short term weakness to buy the dips, looking for a break above… Read More »
Once again, opportunities appear rather limited today as we await tomorrow’s NFP figure. The Euro, Yen and Aud may all have some minor upside potential although I would not be getting too excited. The ASX SPI also appears well underpinned, although I am wary of buying it at these levels, last seen 18 months ago.. EURUSD USDJPY… Read More »
The FOMC Minutes released Wednesday indicated almost unanimous agreement that economic growth could accelerate because of fiscal stimulus under the Trump administration and most Fed board members were eyeing faster interest rate increases. Beyond that though….
The outcome of the FOMC meeting seems to have set up a fair few trading opportunities. The US dollar looks set to remain firm against almost all its counterparts, with both short term and long term indicators suggesting further gains against the Euro, Aud and Kiwi. It also shows the chance of further near term gains against the… Read More »
Trend Table: Wednesday, December 14, 2016 Daily Outlook: Markets have traded sideways on Tuesday and while awaiting the result of today’s FOMC Meeting a cautious stance is required. Almost all products are neutral, at least in the short term. In the longer term, if anything, it looks as though the US dollar could come under some pressure, which… Read More »