Tag Archives: sterling

28 Feb: Markets mixed, waiting on Trumps address to Congress, tomorrow.

   There has been plenty going on today, with the dollar again seeing mixed results as traders remain cautious ahead of the highly anticipated address to Congress by US president Donald Trump, due tomorrow. In terms of data, the US Durable Goods Orders grew 1.8% in January, below expectations of 1.9% while Ex-transport orders dropped -0.2% versus expectation… Read More »

27 Feb: Weekly Forecast; FX Crosses

  EURJPY: 118.55 EurJpy continued its recent downtrend at the end of last week, falling to a low of 118.23 – last seen in November – pretty much where it finished. The 4 hour/daily momentum indicators appear to suggest that further losses lie ahead and having now broken cleanly below the 100 DMA (119.40), we could now see… Read More »

24 Feb: Forecast: US$ /Majors

  EURUSD: 1.0581 EurUsd is more or less unchanged today after a choppy session (1.0537/95) leaving the medium term outlook unchanged. The short term momentum indicators still look a little more positive, and on the topside, minor resistance will be seen at the session high ahead of 1.0605/10 and 1.0675/80.  Above here looks unlikely today, but we could… Read More »

Trade Idea: Buy GBPUSD

Trade Parameters: While the 4 hour charts hint at further short term weakness, the dailies remain constructive, so leaving some room on the downside to buy a dip does appear to be the plan. The 100 DMA and Daily Cloud base, both currently at around 1.2485 but falling fast (chart below), the rising daily Tenkan (1.2465) and the… Read More »