EURUSD: 1.2410 EurUsd reached as high as 1.2455 in Asia (100 MMA) on Friday but then reversed through the rest …More>>
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MOST RECENT ARTICLES
The US$ is opening the inter-bank market on a slightly softer note, creating a minor chart gap on various pairs. Today’s direction will take its cue from how talks progress in the US Senate to resolve the issue of the Government shutdown. EURUSD: 1.2218 EurUsd saw a brief spike to 1.2295 on Friday but then […]
A brief update and a bit late today as I had some other tasks this morning. There has been some Yen weakness which helped to trigger a few new trend line breakouts and TC signals. Bitcoin still has me looking for any test and hold of 8,000 to support a potential Wave 3 Elliott move. […]
From the FXWW Chatroom: Kaplan (NV; Neutral) – speaking at 3pm NY, Kaplan sees US growth of 2.50-2.75% in 2018 a bit slower than last year. He sees cyclical rise in inflation offset by some factors like technology. He also noted that the Neutral rate has come down meaningfully. He supported further removal of accommodation […]
EURUSD: 1.2212 EurUsd has chopped sideways since taking out stops in Asia yesterday, confined pretty much to a 1.2200/80 range through the Europe/US sessions but closing near the lows as US bond yields climber higher, putting a bid tone under the dollar. 1 hour/4 hour indicators:Neutral Daily Indicators: Up Weekly Indicators: Turning higher Preferred Strategy: […]
Treasuries decline and European bonds are mixed; gold slips Euro and yen drop; U.S. equity futures point to higher open European stocks followed many of their Asian peers lower as the earnings season got into full swing, while the U.S. dollar rose and West Texas oil steadied after Tuesday’s drop. Gold slipped for a second […]
From the FXWW Chatroom: CFTC Futures showing largest long Eur position on record and by a large margin That just doesn’t continue…. History tells you that.
The FX pairs I monitor are mostly consolidating but Bitcoin has just broken through trend line support on increased Volume. IMHO, any hold above 8,000 for Bitcoin would be a very bullish signal. Watching for momentum-based trend line breakouts remains the way to go! USDX weekly: still lower to start the week: EURX weekly: watch to […]
While the longer term charts suggest that the current US$ weakness is likely to continue, the short term momentum indicators do hint that we may be in for a period of consolidation so a cautious tone is warranted. The same applies to the US stock indices, which today have made a bearish key-day reversal after […]
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