Tag Archives: fx

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

  EURUSD: 1.1766 €/Usd has traded a little higher in a tight session for much of Monday (1.1763/1.1811) before giving up the gains late in the day, while waiting on the upcoming FOMC/ ECB meetings, with much of the action coming through the crosses, where EurJpy and EurGbp were prominent drivers. As before,  the 4 hour/daily momentum indicators… Read More »

11 Dec: Forecast: Stocks/ Commodities.

  S&P: 2651 The S&P is turned higher on Friday, and with the momentum indicators now generally aligned to the topside, another run towards the all-time high at 2664 may be on the cards. 1 hour/4 hour indicators: Up Daily Indicators: Turning higher Weekly Indicators:  Up Preferred Strategy:  Despite the increasing risks of staying long, the long term… Read More »

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

Friday’s NFP report showed 228k growth in jobs in November, above expectation of 200k, while the previous month’s figure was revised down to 244k from 261k. The headline unemployment rate was unchanged at 4.1%, as expected, but the main focus was on the average hourly earnings, which only rose 0.2% mm, below expectation of 0.3% mm, causing a… Read More »

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

  EURUSD: 1.1773 €/Usd is lower at the ends of Thursday’s session as the dollar remains strong amid optimism that the U.S. tax reform bill will pass by the end of the year. Finishing near the lows of 1.7770, we will now await the release of the NFP later today. The Euro also looks set to stay under… Read More »