Tag Archives: sterling

12 July: Forecast: FX: US$/Majors

  EURUSD: 1.1463 24 Hour Outlook: Prefer to buy dips Medium Term: Prefer to buy dips. Preferred 24-hour Strategy:  Ahead of Janet Yellen’s testimony I prefer to be neutral but the short term momentum indicators are beginning to point higher, aligning with the dailies, so looking for levels to trade from the long side does now appear to… Read More »

10 July: Forecast: FX: US$/Majors

  EURUSD: 1.1400 24 Hour Outlook: Prefer to sell rallies  – tight SL Medium Term: Possibly prefer to buy dips. Preferred 24-hour Strategy:  EurUsd is more or less unchanged following Friday’s unemployment outcome but the good headline figure for the NFP should be dollar supportive, I suspect, as it probably reaffirms another rate hike from the Fed ahead… Read More »

3 July: Forecast: FX: US$/Majors

  Economics/ Politics/Central Banks: US personal income rose 0.4% in May, above expectation of 0.3%. Personal spending rose 0.1%, in line with consensus. Headline PCE slowed to 1.4% yy, below expectation of 1.5% yy. The Fed’s Bullard was rather dovish on Friday, saying that the recent “data has not been that great considering that we got going on… Read More »