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USDJPY Update – FXWW Chatroom

Deutsche Bank: USD/JPY to rise to ¥125-128 level in Aug-Oct The USD/JPY remains solid, suggesting strength on the demand side. Notwithstanding fears over Greece, China and commodities, we believe that as long as there is no tail risk, the main concern for USD/JPY markets will remain on the firmness of US economic data and the chances of a Fed […]


GBP Update – FXWW Chatroom

WP.. Gbp – Cable bids reported into the tech support at 1.5599 – 61.8% of Friday rise from 1.5550-1.5679 and 1.5597 the low from the pullback from 1.5679 post the ECI highs. Attention on super Thursday – The August Inflation Report, Monetary Policy Committee (MPC) decision and MPC minutes will be published simultaneously on Thursday […]


Morgan Stanley Trade of the Week: Buy EUR/NZD

Buy EURNZD at 1.6610, stop at 1.6560 and target 1.7200.  Asia’s growth weakness and the Fed preparing for higher rates do not bode well  for risk appetite. EUR’s funding currency credentials make it trade inversely with  risk appetite and conversely NZD would weaken in this scenario due to its foreign  funding needs. The many NZD […]


Citi trade of the week: Short AUD/USD into the RBA

Sell AUD/USD at .7298 with a stop-loss at .7415 and a take-profit target at .7100. The post Citi trade of the week: Short AUD/USD into the RBA appeared first on www.forextell.com.


Barclays trade for the week: Re-engage short EUR/GBP spot positions

We expect GBP to appreciate next week as at least one member of the MPC votes against holding rates unchanged, whereas our expectations for a steeper BoE inflation profile and expectations for higher wages will likely imply an early but gradual tightening cycle, which we continue to expect in Q1 2016. Technically, we are overall […]


FX ahead of a huge week of data

Last week:  In my Friday update I noted how the daily-based currency charts reveal that many FX pairs are simply ranging sideways, albeit some with large swings, and those that have been trending have now stalled at key resistance or support levels. Thus, it’s of no surprise to me that I only noted two 4hr-based TC trend signals last […]


News Releases for Monday August 03 (AEST GMT+10:00)


Forex Trading Opportunities for the Week Ahead 1 August 2015

I plan my trading for the week ahead each weekend. Here are the Forex trading opportunities I will be stalking this week. Note that this is my current view, but if market conditions change my view can change too. Generally I will trade in alignment with what I have noted here, though I will wait for […]



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