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Nothing new from the Fed

al_dcdemo Updated 17 June in #Trader's blog #Euro #EUR/USD #Fomc #Fed #Stop Run #Previous Week High #Monthly Resistance 1 #Previous Day High

The Dollar got sold across the board, after the FOMC failed to deliver any clear signal on when the rates may go up. That's nothing unexpected, but the market still hoped for something more hawkish.
Following a quick stop run to 1.1205 on the announcement, Euro rocketed to 1.13 and it was a steady grind up from there. It has broken Previous Day High (1.1330) and 1.1350 but then stalled ahead of Monthly Resistance 1 (1.1366) and Previous Week High (1.1386).

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EURo in demand

al_dcdemo Posted 9 June in #Trader's blog #Nfp #Euro #EUR/USD #Daily Resistance 1 #Weekly Resistance 1 #Previous Week High #Monthly Resistance 1 #Previous Day High #Asian Session Low

The Dollar weakened across the board yesterday as post-NFP losses were reversed on most major pairs. The biggest winner was the Euro, which rose 190 pips from the open, with the daily range of more than 220 pips.
The pair continued to gain overnight, but it stalled ahead of the trendline drawn off June/July 2014, December 2014 and May/June 2015 peaks. Above that, a confluence of Weekly Resistance 1 (1.1366), Monthly Resistance 1 (1.1366), Daily Resistance 1 (1.1371) and Previous Week High (1.138…

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EURo extends yesterday's gains

al_dcdemo Posted 14 May in #Trader's blog #EUR/USD #European Session #Us Session #Bank Holiday #Monthly Resistance 1

Due to the big part of Europe on (bank) holiday, today's European session was slower and choppy. But that didn't stop the Euro to break through 1.14 and to the new cycle-high of 1.1445, just below the February 17th high.
There was some profit taking in the European/US session overlap and, as is often the case, intraday low was posted around 16:00 GMT fix. Tomorrow is Friday, but we may still see another attempt or even break to new highs as momentum has been strong and rally does not appear to b…

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Aussie through April's high

al_dcdemo Updated 13 May in #Trader's blog #AUD/USD #Aussie #Retail Sales #Weekly Resistance 2 #Monthly Resistance 1 #200 Hma

The Dollar fell across the board today after weaker than expected retail sales report. Revision were better though, but that's not what the market focused on.
Aussie has been bid since the beginning of the European session, continuing its broader uptrend. It broke above 0.8050 level and the April high at 0.0875 shortly after the release of the above-mentioned report.
A cluster of resistance from 0.8130 - 0.8160 (200 HMA, Monthly Resistance 1, Weekly Resistance 2) shall contain it for now, but th…

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Cable breaks 200 DMA

al_dcdemo Posted 12 May in #Trader's blog #GBP/USD #Cable #Industrial Production #200 Dma #Weekly Resistance 2 #Manufacturing Production #Monthly Resistance 1

Cable rallied again after surprise Industrial and Manufacturing Production data:
Industrial Production (MoM): 0.5% vs. 0.1% expected, 0.1% previous
Industrial Production (YoY): 0.7% vs. 0.2% expected, 0.1% previous
Manufacturing Production (MoM): 0.4% vs. 0.3% expected, 0.5% previous
Manufacturing Production (YoY): 1.1% vs. 1.0% expected, 1.2% previous
It has broken above 200 DMA in the process and stalled ahead of Monthly Resistance 1 just above 1.57. If it can hold above the 200 DMA, Weekly Re…

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al_dcdemo's Blog

Nothing new from the Fed

EURo in demand

EURo extends yesterday's gains

Aussie through April's high

Cable breaks 200 DMA