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9 years ago |

CitiFX Tech: Short EURGBP and AUDUSD

–    The price action on USDJPY since we established the long position (120.22 on 07 April) has been disappointing and has failed to follow through. We are therefore exiting this position. –    At the same time the technical set ups on EURGBP and AUDUSD looking compelling for further losses –    As a consequence we are […]

9 years ago |

Pre-US Retail Sales update by Mary McNamara

US Retail Sales is just one piece of economic data but, with the USDX lurking under major resistance, an upbeat print here might just give the index the chutzpah it needs to break this big 100 level.   Trading chatter seems to point to an improved result expected on the retail front but this could be […]

9 years ago |

Goldman Sachs FX Spot Desk Strategies

OVERVIEW => Retail sales today will be the main focus, where we are above consensus in our expectations (GS 0.8%, cons 0.5%). We maintain our moderate stance (no more than 1/3 of max risk) and hold on to our long USD position vs EUR and GBP, but have rotated into a small USDJPY short.  {EU} […]

9 years ago |

USD/JPY – Decent support expected at 119.20 by Milan Cutkovic

Talk of bids from macro funds in the 119.20/25 area, which could provide good support 119.60 support has held so far, but overall bias is bearish and further losses seem likely JPY strengthened against USD after comments from a top government advisor, who warned about excessive JPY weakness Selling rallies the preferred strategy; key intraday […]

9 years ago |

EUR/GBP – Daily close sub-0.7220 would confirm double top

Double top pattern has formed at 0.7385 Pair has failed to breach the resistance level and downside momentum has accelerated since then Daily close sub-0.7220 would confirm it and pave the way for a move back to 0.7015 The post EUR/GBP – Daily close sub-0.7220 would confirm double top appeared first on www.forextell.com.

9 years ago |

EUR/USD bounces, but struggling with 1.06 resistance

EUR/USD has bounced off the 1.0520 level and there is talk that sovereign names had demand for Euros at those levels However, bears remain in control and the pair didn’t sustain momentum above 1.06 Offers are reported at 1.0620 and in better size around 1.0680 Key resistance now at 1.0720, break above that level needed […]

9 years ago |

Morgan Stanley Trade Idea of the Week: Short GBP/JPY

Short GBP/JPY at 176.00, stop at 178.00, 168.00 target The post Morgan Stanley Trade Idea of the Week: Short GBP/JPY appeared first on www.forextell.com.

9 years ago |

SocGen: Like long NZD/JPY carry trade

FX markets are becalmed. The FOMC policy debate is evolving very slowly as the members are unsure about when to start raising rates. The oil price collapse has also turned into something that looks like range-trading. European data are pointing to stronger growth, but the euro isn’t getting a lift. We are staying bullish dollar […]


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