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Financial markets have been on a rollercoaster ride last week as investors wondered whether the equity and bond sell-off would come to an end. However, it seems that investors remained reluctant to reload on risk last week. The first half of the week started in the possible way as equites across the globe recovered slowly. In the bond market, US treasury yields have had a choppy end of the week as the Federal Reserves published the minutes of its September meeting. Unfortunately, the minutes wer…
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EUR / GBP for September 3
Monthly Chart:
Weekly Chart:
Indicator Used: ATR, EMA (200), (50), (30), (20), Support Resistence, Candlstick chart, Monthly, Weekly
Pair Analysis: On the monthly Chart the Pair is in a uptrend, however it did not reach the Price levels of 2009. Average True Range is falling which shows momentum leaving the trend, The pair is only around gaining 30 Points in one Month time. Price Action is very choppy on the Weekly. Overall I expect the pair to sustain in a narrow range.
Weekly Chart:
Indicator Used: ATR, EMA (200), (50), (30), (20), Support Resistence, Candlstick chart, Monthly, Weekly
Pair Analysis: On the monthly Chart the Pair is in a uptrend, however it did not reach the Price levels of 2009. Average True Range is falling which shows momentum leaving the trend, The pair is only around gaining 30 Points in one Month time. Price Action is very choppy on the Weekly. Overall I expect the pair to sustain in a narrow range.
EUR/USD sells off after ECB decision
It seems as if the dollar move higher after more hawkish than expected Fed came with one day lag. ECB may have done more steps in the hawkish direction than expected by many yesterday, but their pledge to hold rates at present level at least until summer 2019 contrasts starkly with Fed's projected one hike per quarter. EUR/USD is down 300 pips from yesterday's high.
EUR/USD well behaved ahead of the big events
There's no doubt that the Fed will hike its funds rate later today. The accompanying FOMC statement and economic projections will be of much more interest. The comittee took a step toward a more neutral bias at their most recent meeting. Should they continue in that direction, the dollar is bound to get sold. EUR/USD is trading in an ever tighter short-term range but any breakout will probably be limited, with ECB decision coming up tomorrow.
Will the dollar gap lower?
U.S. government failed to pass funding bill and went into shutdown. This will probably last a couple of weeks, the question is what it means for the U.S. dollar. A small gap lower is possible, but with ECB and BOJ meetings next week, a correction rather than continuation of the dollar weakness may be in the cards.
ECB to halve size of stimulus scheme but euro slips
The European Central Bank (ECB) kept interest rates unchanged, but announced that it will reduce its monthly quantitative easing (QE) measures from €60bn to €30bn starting in January 2018.
The measures are scheduled to continue for nine months through to September of next year. The ECB confirmed that it would be willing to increase these stimulus measures if inflation remains more sluggish than anticipated.
In the accompanying press conference, ECB President Draghi struck a slightly cautious ton…
The measures are scheduled to continue for nine months through to September of next year. The ECB confirmed that it would be willing to increase these stimulus measures if inflation remains more sluggish than anticipated.
In the accompanying press conference, ECB President Draghi struck a slightly cautious ton…
U.S. dollar strong but yen outperforms
Cautious tones from ECB and BOC, weak Australian inflation one side and progress in U.S. politics and much better than expected Advance GDP reading on the other one were among the drivers of major currency pairs this week. BOE is expected to hike next week but it will be a one-off for now.
The U.S. dollar was mostly bought up until around the time Europe started heading for the pub. Rumor of Trump leaning toward Powell as the next Fed chair sparked a bout of profit-taking. The dollar ended the w…
The U.S. dollar was mostly bought up until around the time Europe started heading for the pub. Rumor of Trump leaning toward Powell as the next Fed chair sparked a bout of profit-taking. The dollar ended the w…
EUR/USD for 2. October
Chart Scale: Weekly/Monthly
Support and Resistence
Indicator used: BB, CCI, Em 200
ATR: 444 Pips
Pair Analysis:
On the weekly the Euro/USD develops strong momentum since the beginning of the year. Prices diverges with Indicators like CCI and Stockastic. Morover eur/usd is in a strong resistence area, it will not be easy from here to move higher if fundamentals really changes. However CCI shows strong momentum which would suggest that the move is not finisehd and it may go sideways in the upcomin…
Support and Resistence
Indicator used: BB, CCI, Em 200
ATR: 444 Pips
Pair Analysis:
On the weekly the Euro/USD develops strong momentum since the beginning of the year. Prices diverges with Indicators like CCI and Stockastic. Morover eur/usd is in a strong resistence area, it will not be easy from here to move higher if fundamentals really changes. However CCI shows strong momentum which would suggest that the move is not finisehd and it may go sideways in the upcomin…
EUR/GBP for 1 September
Chart Scale: Weekly, Monthly
Atr Monthly Chart: 329 Pips / 148 Pips
Indicator used: BB, CCI Histogram
Support Resitence 0.75534, 0.88667, 0.99114
Pair Analysis:
Eur is outperforming the GBP in the weekly as well as in the monthy Chart. Since 2015 before the Brexit Vote the Eur rises. Last year it was choppy and sideways. With the rumour of the ecb start tapering the euro has risend the past four month. I think the last High after the Brexit vote should be challened soon. The whole Momentum is no…
Atr Monthly Chart: 329 Pips / 148 Pips
Indicator used: BB, CCI Histogram
Support Resitence 0.75534, 0.88667, 0.99114
Pair Analysis:
Eur is outperforming the GBP in the weekly as well as in the monthy Chart. Since 2015 before the Brexit Vote the Eur rises. Last year it was choppy and sideways. With the rumour of the ecb start tapering the euro has risend the past four month. I think the last High after the Brexit vote should be challened soon. The whole Momentum is no…
EUR/USD for 1 September
Chart / Scale: Monthly, Weekly
Indicator Used: Bollinger Band, CCI Histogram, ATR
Support / Resistence: 1.1725, 1.18782, 1.2320, 1.2034
Atr Weekly/ Monthly: 174 , 445
Pair Analysis: Eur/Usd shows the biggest momentum to the upside since the crash of the year, after being sideways for the past 2.5 years, Eur /Usd is on the upper part of the range at 1.17. The range on the weekly now was slightly broken. Time will tell if the range now gets broken substantily or it is false break out. CCI Indicato…
Indicator Used: Bollinger Band, CCI Histogram, ATR
Support / Resistence: 1.1725, 1.18782, 1.2320, 1.2034
Atr Weekly/ Monthly: 174 , 445
Pair Analysis: Eur/Usd shows the biggest momentum to the upside since the crash of the year, after being sideways for the past 2.5 years, Eur /Usd is on the upper part of the range at 1.17. The range on the weekly now was slightly broken. Time will tell if the range now gets broken substantily or it is false break out. CCI Indicato…