Technical Report – Trade Idea update (600+ pips in 2 days?) and Levels to watch
This report will update the setups discussed in the ‘FX Technical Report – Week Ahead’ published on the 2020/09/05 and look at key levels in the market. There are no new trade ideas today, on the basis of fairly volatile market conditions. Summary of previous positions and if target has been met CAD/JPY – Short […]
Technical Report- Update (+240 pips !) and new Ideas
This report will update the setups discussed in the ‘FX Technical Report – Week Ahead’ published on the 29th August and look at new potential opportunities Summary of previous positions and if target has been met EUR/USD – Long Bias , Target met ? Yes (+100 pips) USD/CAD – Short Bias , Target met? Yes (+50 pips) […]
Natural Gas Bulls Running Out of Steam ?
US Natural Gas has staged an impressive bullish rally, rising from $1.54 in June to around $2.7 currently , this is mostly caused by 2 mains factors, the main reason being that temperatures have been hot from June through to July.
European Stocks Under Pressure Amid Monetary Policy
European stock markets have been under pressure since US Federal Reserve announced to keep interest rates in zero range, with the strategy of increasing inflation and improving the employment level.
Key Data Releases This Week
Macro Weekly look ahead for the week commencing 31st August – 4th September 2020 Tuesday AUD RBA Interest Rate Decision (consensus 0.25%, previous 0.25%) – 05:30 AM BST The RBA have already previously announced they will be keeping rates near the record low of 0.25%. Although RBA statements have talked down/frowned upon negative interest rates […]
Dollar fails to rebound whilst US equity futures continue to rise and tax hike rumours spark in the UK
Dollar Index fails to hold to earlier gains from European morning session, falling sharply from 92.48 to 92.20. European and US equity bourses climb , with Japanese equities outperforming Asian peers. Though covid-19 cases are dropping in developed countries, they remain high in developing countries – the battle is far from over. Tax hike rumours in the UK?
FX Technical Report – Week Ahead
Technical Report Ahead of Week Beginning on the 31st of September Key Ideas Summary EUR/USD – Long Bias USD/CAD – Short Bias GBP/JPY – Long Bias Please refer to analysis below for further explanation and chart visualisations. EUR/USD As illustrated it the image above, EUR/USD has been trading in a slight upwards channel structure. […]
JPY ready to explode higher or false hope ?
The Japanese Prime Minister , Shinzo Abe, just resigned as reported this morning over ‘health issues’, citing a flare up on this chronic ulcerative colitis. However he did not name a successor, despite this the JPY saw sharp bidding with most XXX/JPY pairs trading at least -0.50% on the day. The reason for this is […]
Pre-Asian Trading Session Update
The dollar traded fairly quiet during the European trading session, however, picked up significant moment towards the end of the US trading session.
Key Data Releases This Week
Previously, durable goods rose 7.3 % in June MoM, following a downwards 15.1% in May, beating the market forecasts at 7%. Mostly noticeably, orders for non-defence capital goods excluding aircraft’s, rose 3.3% , following +1.6% in May.
European Stocks are in Green Despite Sluggish Economic Data
European stock future soared sharply on Monday despite weaker than expected Eurozone economic data as Eurozone flash PMI data significantly impacted trader’s sentiments for a V-shaped recovery from the deepest economic downturn.