Tag Archives: forex

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

  EURUSD: 1.2356 EurUsd has squeezed slowly higher on Tuesday, reaching 1.2370 and closing near the highs, with the Euro seeing some demand through the crosses as well, while waiting on today’s upcoming German/US CPI figures. 1 hour/4 hour indicators: Mixed. Turning higher? Daily Indicators: Turning lower Weekly Indicators:  Turning higher? Preferred Strategy:  The Euro has reached 1.2370,… Read More »

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

  EURUSD: 1.2288 EurUsd has been choppy on Monday and the action lay elsewhere – in the stock markets -, with the pair closing not too far from where it spent much of the session, after a range of 1.2235/1.2896, leaving the overall outlook unchanged. 1 hour/4 hour indicators: Mixed. Turning higher? Daily Indicators: Turning lower Weekly Indicators:… Read More »

13 Feb: Stocks higher. Currencies mostly unchanged. UK CPI in focus. NAB Australian Business Conditions coming up.

  Stock markets are in recovery mode again today, with the US indices trading towards session highs approaching the US close, at around +2%. US yields have also remained underpinned, with the 10year bond trading up to 2.896%, a 4 year high although there has been little follow-through so far into any US$ strength. The currency markets are… Read More »

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

  EURUSD: 1.2251 EurUsd was whippy on Friday but the action lay elsewhere and the pair closed not too far from the opening levels after a range of 1.2205/1.2886, leaving the overall outlook unchanged. 1 hour/4 hour indicators: Turning lower Daily Indicators: Turning lower Weekly Indicators:  Turning higher Preferred Strategy:  With the momentum indicators generally pointing lower, further… Read More »

12 Feb: Stocks recovered Friday, +1.5%, after another wild ride. UK, EU, US inflation & retail sales in focus this week.

  It was another wild ride to finish the week for the stockmarkets, which eventually finished the Friday session at around +1.5%, after recovering from earlier lows that saw them fall by up to 2%. As for the currency markets, the Jpy was again in strong demand on safe-haven grounds, while Sterling fell sharply after Chief EU Brexit… Read More »