Tag Archives: forex

18 Dec: US assets underpinned by increased expectations on tax reform. Australian MYEFO, EU CPI in focus today.

  The US$ was generally firm on Friday as Republicans continued to move towards finalising the promised tax overhaul, raising expectations that the bill would be passed by year-end. The main mover of the session was Sterling, which headed lower – finding little support as Brexit negotiations formally enter their next phase after EU officials decided that sufficient… Read More »

18 Dec: Forecast: Stocks/ Commodities.

  S&P: 2683 The S&P is at new all-time highs of 2682 at the end of the week and seems set for further gains if the tax bill can be passed ahead of the New Year. With the momentum indicators now generally aligned to the topside, a continuation towards 2700 may be on the cards. 1 hour/4 hour… Read More »

18 Dec: Forecast: FX: US$/Majors + trade ideas

  EURUSD: 1.1750 €/Usd has traded a choppy 1.1818/1.1750 range on Friday, initially heading higher but then ending on the lows, with the dollar underpinned by the hopes at the tax bill will soon be passed. 1 hour/4 hour indicators: Neutral Daily Indicators: Turning lower Weekly Indicators:  Neutral Preferred Strategy:  For now I prefer to remain short Euro… Read More »

15 Dec: Forecast: FX: US$/Majors + trade ideas

  EURUSD: 1.1792 €/Usd has traded a choppy range of 1.1860/1.1770 on Thursday,  after the ECB left rates on hold, with Draghi’s upbeat Press Conference sending the Euro briefly to its highs before the dollar strengthened after the strong RS/jobs data, closing at familiar territory, just under 1.1800. 1 hour/4 hour indicators: Turning higher Daily Indicators: Turning lower… Read More »

14 Dec: Forecast: FX: US$/Majors + trade ideas

  EURUSD: 1.1825 €/Usd has traded a 1.1728/1.1830 range on Wednesday, sitting at the highs at the time of writing, with the dollar generally under pressure following the FOMC Meeting. We now await the ECB, BOE, SNB as well as the PMIs, US Retail Sales. 1 hour/4 hour indicators: Turning higher Daily Indicators: Turning lower Weekly Indicators:  Neutral… Read More »

14 Dec: Fed hike by 25bp. US$ falls, metals rally. Australian jobs, China Retail Sales, then ECB, SNB & BOE Meetings

  The Fed have raised rates by 25bp to 1.5%, as widely expected, but left its interest rate outlook for the coming years unchanged given that inflation is unable to rise, even as policymakers project a short-term acceleration in U.S. economic growth. While employment is expected to remain robust, projected to fall to 3.9% in 2018, inflation is… Read More »