Tag Archives: fx

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

  EURUSD: 1.2266 EurUsd is lower today as the dollar shorts get squeezed and is closing the day towards the day’s range of 1.2405/1.2245 There is little data due today (German Trade Balance, US Jobless Claims) and so it will be risk sentiment, as measured through the stock markets that again decides the direction. 1 hour/4 hour indicators:… Read More »

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

  EURUSD: 1.2378 EurUsd is finishing the day roughly where it began, near 1.2400, after having recovered sharply from a swift dip to 1.2313 in NY. 1 hour/4 hour indicators: Neutral Daily Indicators: Turning lower Weekly Indicators:  Turning higher Preferred Strategy:  The momentum indicators are still indecisive, with the short term charts looking neutral while The dailies show… Read More »

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

  EURUSD: 1.2374   EurUsd is finishing on session lows, unable to take any real advantage of Draghi’s upbeat outlook on the EU or the solid ISM data as traders all watched the action in the stock markets. 1 hour/4 hour indicators: Turning lower Daily Indicators: Possible topping formation Weekly Indicators:  Turning higher Preferred Strategy:  The momentum indicators… Read More »