Блог Сообщества Dukascopy
Yen the performer of the week
Bank of Japan is turning every so slightly more hawkish, even though its officials are trying to downplay it. U.S. Administration's politics continues to weigh on the dollar, despite interest rate advantage against most major currencies. USD/JPY extended its decline, pausing at the 76.4% retracement of the Trump rally. If 105 - 105.5 area gives way, a quick fall to 101.5 - 102.5 is quite possible.
EUR/USD testing longer term trendline
Reaction to otherwise firm U.S. inflation report was somewhat a surprise. Risk sentiment improved this week and we seem to have returned to the previous regime where the dollar is used as a funding currency, despite rising interest rates. EUR/USD appears ready to break above the longer term trendline.
FX MARKET NEWS MARCH 3, 2017 ( PHILIPPINES TIME)
The dollar index surged yesterday morning to nearly 102 level on the revised Fed hike expectation, which was bolstered by another Fed official (Bainard) saying a hike might be appropriate “ so”on.Ironically, the Dow rose over 21000 for the first time ever, when equities “should” fall on rising rates.
The 10-year yield jumped on an opening gap yesterday to close at 2.463% and is higher again this morning at 2.465%, This is more than just “Yes, March.” It has a foundation in the PCE price index fo…
The 10-year yield jumped on an opening gap yesterday to close at 2.463% and is higher again this morning at 2.465%, This is more than just “Yes, March.” It has a foundation in the PCE price index fo…
EURo at an important support area
As widely expected, the ECB left its policy unchanged and only marginally upgraded GDP growth forecasts. Draghi once again pledged to maintain interest rates at current or lower levels for an extended period of time, well beyond the horizon of asset purchases.
Technically, the euro has been straddling the December - May trendline which is reinforced by 200 DMA and 50.0% retracement of the December - May uptrend. If the area holds, we may see a retest of 50 DMA in the days/weeks ahead. April low …
Technically, the euro has been straddling the December - May trendline which is reinforced by 200 DMA and 50.0% retracement of the December - May uptrend. If the area holds, we may see a retest of 50 DMA in the days/weeks ahead. April low …
The round number
Hello everybody and Happy New Year,
As usual the charts I use for this long term prediction are Daily and Weekly.
On Daily it is hard to give any 100% prediction but after today's strong Euro rally it can be assumed that Euro will rise in short term.
Nevertheless we have an interesting triple top which can hold the rise maybe until 1.1111 (or somewhere there) after which I presume the start of some channel down.
On weekly
I have tested some channel down patterns to see the possibilities and it …
As usual the charts I use for this long term prediction are Daily and Weekly.
On Daily it is hard to give any 100% prediction but after today's strong Euro rally it can be assumed that Euro will rise in short term.
Nevertheless we have an interesting triple top which can hold the rise maybe until 1.1111 (or somewhere there) after which I presume the start of some channel down.
On weekly
I have tested some channel down patterns to see the possibilities and it …
Next event risk: Fed lift-off
As expected the market didn't disappointed us in terms of the volatility it has generated so far through the last month of the year, but the only disappointment was in the fact that the ECB has failed us all in meeting market expectation and delivering on his promises. There're going to be a lot of event risks through the end of the year but above all the most anticipated without a doubt is the Fed rate decision which as per market expectation and the Fed fund futures there is a 80% probability …
Prepearing the Week Ahead
Definitely the week ahead is shaping out to be pivotal in determining whether or not the movements started last week are genuine and we're going to see some follow through or the market will complete reverse and go the other way. The Economic calendar looks quite heavy this week as we have Fed rate decision which as per market expectation should be a predictable event in the sense that Fed will hold monetary policy.
On the other side of the monetary policy spectrum we have BOJ which many are spe…
On the other side of the monetary policy spectrum we have BOJ which many are spe…
RBA holds rates
RBA left interest rates unchanged at today's meeting. Even though this was widely expected, Aussie jumped 40 pips on the release and has put on another 20 pips so far.
There's some resistance at 0.7145 - 0.7150 (Daily Resistance 2, 50's) and then more in 0.7170 - 0.7200 band (50 DMA, Weekly Resistance 2, Daily Resistance 3, 00's). Demand on the pullback may start coming in at 0.7100 - 0.7115 (Daily Resistance 1, Weekly Resistance 1, Previous Day High, 00's).
There's some resistance at 0.7145 - 0.7150 (Daily Resistance 2, 50's) and then more in 0.7170 - 0.7200 band (50 DMA, Weekly Resistance 2, Daily Resistance 3, 00's). Demand on the pullback may start coming in at 0.7100 - 0.7115 (Daily Resistance 1, Weekly Resistance 1, Previous Day High, 00's).
Have No Fear Daytrader21 Is Still Here:)
Last 48 hours have been very intense in the financial markets as everyone on this planet was waiting for the FED to deliver its monetary policy. As expected the FED kept on hold its monetary policy keeping the rates for another month at historical low levels. Now, that's not a new story, however they way Fed has decided to handle this decision is utterly BS as they have prepared the market for such a long time for a rate hike and now they keep delaying it and there are strong speculation they th…
USD Rally on Interest hike
There is a strong chance that the federal reserve bank of America could raise the interest rates, if that happens it would trigger a massive appreciation of the USD.
The USA500.IDX has been in a tight range, I expect a breakout upwards.
My target is the area that the security broke out from. This area is around 2000.
This analysis only works if the interest rates are hiked.
The USA500.IDX has been in a tight range, I expect a breakout upwards.
My target is the area that the security broke out from. This area is around 2000.
This analysis only works if the interest rates are hiked.