Tag Archives: fx

23 May: Forecast: FX: US$/Majors + trade ideas

  EURUSD: 1.1778 EurUsd traded a range of 1.1829/1.1755 on Tuesday, led mostly by developments in Italian politics, initially heading higher on the back of a pullback in Italian yields, before reversing sharply after a story that the Euro-sceptic Savona will be named econpmics minister. We now await the PMIs, and then later on, the FOMC Minutes. 1… Read More »

21 May: Forecast: FX: US$/Majors + trade ideas

    EURUSD: 1.1770 EurUsd set a new trend low on Friday on the back of increasing concerns about the agreement between Italy’s far-right League and 5-Star Movement on a governing accord that would slash taxes and ramp up welfare spending. There are also worries over what will happen to the Italian Government once they have formed a… Read More »

18 May: Tomi Trader daily EA update

The Tomitrader EA continues to work well heading into Friday’s trade, with our short Gold and short EurGbp strategies both looking good, although it has been a quiet session with little activity. I am now looking for further consolidation in both of these today before a resumption in the down trend for both, but possibly not until next… Read More »

18 May Firm yields underpin the US$, weigh on stocks. Japan CPI ahead in an otherwise empty calendar.

  With US yields heading higher (US10Y; 3.11%) on Thursday, and some solid Fed data too, (Philadelphia Fed Mfg Survey +34.4 vs expected 21.1), the dollar has remained underpinned, with US$Jpy looking particularly strong. Stock markets are slightly lower, under pressure from the firm yields while the metals are unchanged. WTI settled pretty much unchanged on Thursday, after… Read More »