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Market/Economic News |
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By: Ffd Analyst
The Euro found support from higher German retail sales and Euro-Zone PMI to a high of the 1.4200 handle but has started to consolidate and retrace. Consumer consumption in the region’s largest economy increased 0.4% in May, as it improved for the third straight month. Yet, the -2.9% decline from a year earlier provides perspective [...]
By: Ffd Analyst
The Dollar rose versus most pairs during the start of the U.S. session today. Traders reported the Swiss National Bank was intervening in the market by selling the Swiss currency for dollars and euros. The dollar was the biggest beneficiary of the intervention reports.
We also saw a better than expecected Durable Good Orders release which [...]
By: Ffd Analyst
Greenback rallied in the last hour against EUR, GBP and CHF. EUR/USD has fallen to 1.3870 (intra-day low). Now is pulling back to the 1.3900 zone. In 30 minutes lost 100 pips. The pair first broke the support at 1.3950 and then accelerated its moves and fell to 1.3970. EUR/USD is 0.35% below today opening [...]
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Trader Talk |
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By: Ffd Analyst
The price action in the market was fairly quiet today after the volatility we saw yesterday. After the Dollar rallied on the heels of the FOMC statement, I mentioned yesterday that it could be short lived. The Fed made no major changes to their stance on monetary policy.
Although we don’t have any major economic events [...]
By: Ffd Analyst
The GfK German Consumer Climate jumped in the month of June to 2.9 vs. the 2.5 expected. The prior month was also revised upward from 2.5 to 2.6. This was the best reading in over a year and the third consecutive month where we saw an increase. This may be a sign of the Euro-zone’s [...]
By: Ffd Analyst
Oil is a commodity that is not only followed by traders, it is followed by nearly all of the citizens of G10 economies, and as gasoline prices increase for the 50th day in a row, it is definitely having an impact on consumers. With oil hovering above the extremely important psychological level of 70 bbl, [...]
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Trade Ideas |
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By: Ffd Analyst
We have been consolidating on a lot of pairs into tighter ranges over the last few weeks. I wanted to do a post on what my thoughts are for tomorrow’s ECB Statement and NFP. First off I don’t like to play moves right on a release, I tend to look for the long term trend [...]
By: Ffd Analyst
The USDCHF has formed a pennant pattern on the daily chart as can be seen in the photo above. I am looking to play this range and will be looking for a break of the shaded region as seen on the hourly chart below.
Potential Long
Entry: On a close above 1.0910 on the hourly chart I [...]
By: Ffd Analyst
We saw the USDCAD bottom early this month and rally to the recent highs near 1.1650. The pair reversed at this level which is a LT resistance trendline which started back in the beginning of March. (See 4 Hour Chart Below) I am looking to go short this pair if we can get a candle [...]
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