What’s in store for the US dollar on the road ahead after the recent Fed decision? The team at Deutsche Bank remain bullish, and they explain it with three charts: Here is their view, courtesy of eFXnews: “The trade-weighted dollar is making new cycle highs by the day. Here are some charts with fresh context to … “Why We Remain Strong USD Bulls in 3 Charts –”
Category: Opinions
EUR/USD: Corrective/Messy; USD/CAD: Next Target – Goldman Sachs
What’s next for EUR/USD? The answer is apparently not so easy. Yet for the struggling Canadian dollar, the next target seems clearer. Here are the latest forecasts from Goldman Sachs: Here is their view, courtesy of eFXnews: Corrective markets tend to be messy and difficult which is very much the case for EUR/USD,notes Goldman Sachs Techs. “The … “EUR/USD: Corrective/Messy; USD/CAD: Next Target – Goldman Sachs”
The Chinese Finger Trap
Since the 15 January Swiss National Bank surprise decoupling the Euro has since stabilized, albeit at lower levels, against the Swiss Franc. On that market shaking day, EUR/CHF plunged to 0.97127 from 1.2009. A six month chart eliminates the 15 January data, yet starts with a EUR/CHF low of 0.97756. EUR/CHF recovered to a six … “The Chinese Finger Trap”
USD/CAD: Trading the Canadian GDP Jul 2015
Canadian GDP is a measurement of the production and growth of the economy. Analysts consider GDP one the most important indicators of economic activity. A reading which is better than the market forecast is bullish for the Canadian dollar. Here are all the details, and 5 possible outcomes for USD/CAD. Published on Friday at 12:30 … “USD/CAD: Trading the Canadian GDP Jul 2015”
GBPUSD Rejects Daily Resistance Level – Bearish Reversal Candle
GBPUSD has been stuck in this holding pattern under a stubborn resistance level on the daily chary, which has been containing price for the past couple of weeks. Again, the market moved up into this resistance level and the higher prices were denied, and pushed back lower to create a bearish rejection candle in response … “GBPUSD Rejects Daily Resistance Level – Bearish Reversal Candle”
EUR/USD: Trading the US first GDP July 2015
Gross Domestic Product (GDP) is a measurement of the production and growth of the economy. Analysts consider GDP one the most important indicators of economic activity. Thus, publication of the US Advance GDP often has a significant impact on EUR/USD. A reading which is higher than the market forecast is bullish for the dollar. Here are all the … “EUR/USD: Trading the US first GDP July 2015”
GBP/USD: Trading the British Preliminary GDP Jul 2015
British Preliminary GDP, one of the most important economic releases, is published each quarter. GDP measures production and growth of the economy, and is considered by analysts as one the most important indicators of economic activity. A reading which is better than the market forecast is bullish for the pound. Here are all the details, … “GBP/USD: Trading the British Preliminary GDP Jul 2015”
GBPNZD Breakout Trade Idea – Inside Day on Critical
Friday’s trading session had pretty low volatility across the board, especially quiet for the GBPNZD cross pair. The daily chart stalled and churned about a critical level for this well established up trend. The daily candle closed as an inside day which we could use to capture breakouts. Price is sitting on a bullish ‘hot … “GBPNZD Breakout Trade Idea – Inside Day on Critical”
GBPUSD Candlestick Reversal Signal Off Resistance – 4
One of the War Room members spotted this setup and I thought I would share it. The 4 hour chart on the GBPUSD shows a clear resistance level which price has failed to push through on 3 attempts. The last test of this resistance caused a strong reaction by the bulls, heavily rejecting higher prices … “GBPUSD Candlestick Reversal Signal Off Resistance – 4”
USD/JPY: Trading the US New Home Sales Jul 2015
US New Home Sales indicator is released monthly, and provides analysts with important data the health and direction of the housing sector. A higher reading than the market prediction is bullish for the dollar. Here are all the details, and 5 possible outcomes for USD/JPY. Published on Thursday at 14:00 GMT. Indicator Background US New … “USD/JPY: Trading the US New Home Sales Jul 2015”