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22/07/2017

fx_lmcap Posted 22 July  in #Trader's blog #AUD #GBP #CAD #EUR #JPY #NZD #USD
The euro rose against the US dollar and finished the week at 1.1662, above the weekly R3 located at 1.1643. The next target is set at 1.1715, which is reinforced by the 2015 high. On the downside, the 20-day SMA at 1.1581 is the first rationale figure seen in the daily chart, followed by the 55-day SMA at 1.1497. The daily RSI at 74.7 is overstretched and given the recent congestion on the upside, some consolidation seems likely early next week.
Sterling is the only major currency to have lost …
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15/07/2017

fx_lmcap Posted 15 July  in #Trader's blog #AUD #GBP #CAD #EUR #JPY #NZD #USD
The euro closed the weekly session at 1.1469 against the US dollar. The upper daily Bollinger band rests at 1.1567 and ahead of the ECB meeting on Thursday, a rise above the 1.15 psychological level would likely improve the outlook towards testing the former mentioned level. On the downside, the 1.1345 level, where the actual 20-day SMA is located at, offers support and it might be reached if the ECB reiterate that inflation is still not on a sustainable track.
The sterling pound rose against t…
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08/07/2017

fx_lmcap Posted 8 July  in #AUD #GBP #CAD #EUR #JPY #NZD #USD
The US added more jobs than expected in June. NFP data reported on Friday, 7 of July came at 222K offsetting a 179K forecast and May’s data was revised higher to 152K from 138K. Though June’s average hourly earnings MoM came lower than expected at 0.20% vs. 0.30%.
The EUR/USD exchange rate ended the week below the 1.14 level. The upper daily Bollinger band rests at 1.1501 while the 20-day SMA (1.1280) is currently moving towards the 1.13 level. The 55 and the 100-day SMAs are still lagging at 1.…
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25/06/2017

fx_lmcap Posted 25 June  in #Trader's blog #AUD #GBP #EUR #JPY #NZD #USD
The week ended was light in terms of economic calendar. The new one is more interesting with a patch of economic data that might not alter the sentiment but, will likely allow to envision if Central Banks’ recent actions and its forward guidance language are aligned with fundamentals set to be released ahead.
On Monday, the German IFO indexes for June will be released. In the afternoon (European session), US Durable Goods Orders for May are expected to contract 0.6% over April, while core US Du…
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24/06/2017

fx_lmcap Posted 24 June  in #Trader's blog #GBP #CAD #EUR #JPY #NZD #USD
The week ended was soft in terms of economic calendar.
Sterling pound vs US dollar triggered some opportunities last week, with Governor Carney once reinforcing that low rates will last for some time on Tuesday and on Wednesday defied by MPC member Haldane, which considered a possible vote for an immediate interest rate hike in June. If so, it would have made a 4 – 4 voting, instead of a 5 – 3.
GBP/USD ended the week afloat the 1.27 level. It is capped above by the 20-day SMA at 1.2783, while …
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18/06/2017

fx_lmcap Posted 18 June  in #Trader's blog #GBP #EUR #JPY #NZD #USD #France Elections
Polls opened Sunday for France's National Assembly elections and Macron's La Republique En Marche party is projected to win a huge majority in Parliament.
Macron’s party is expected to win more than 400 seats in the lower house after Sunday's second round of voting concludes. A huge margin given the total 577-seat lower house.
The euro will likely react to Macron’s projected victory and if the previous mentioned scenario turns real, the euro might surge against the US dollar above the 20-day S…
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17/06/2017

fx_lmcap Posted 17 June  in #Trader's blog #GBP #EUR #JPY #NZD #USD
In the week ended, the US Federal Reserve raised its interest rate by 25 bp to 1.25%. The Central Bank also provided more details about reducing its balance sheet. Despite weakening US inflation and retail sales, the strategy maintains intact.
The BOE gathered last week and the sterling pound rose nearly two cents against the US dollar in face of a 5 – 3 voting score. Notice that in the previous MPC there was only one dissident, Kristin Forbes. Now there are 3 members calling for an interest ra…
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11/06/2017

fx_lmcap Posted 11 June  in #Trader's blog #AUD #GBP #EUR #JPY #NZD #USD #Economic Calendar
This week offers a busy economic calendar. The Fed gathers on Wednesday, the BOE on Thursday and the BOJ on Friday.
The Fed is expected to hike interest rates by 25 bp points.
The BOE will likely leave interest rates unchanged and this will be the last MPC with Kristin Forbes, who previously voted to increase interest rates for the British economy. She once argued her decision to the growing risk of a major inflation overshoot.
The BOJ will likely keep targeting the 10-year yield, though buyi…
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10/06/2017

fx_lmcap Posted 10 June  in #Trader's blog #GBP #EUR #JPY #NZD #USD
In the week ended, the US dollar traded flat against its major currencies peers.
The US dollar gained territory against the sterling pound after UK general election results. The Tory party lost majority, though Prime Minister May already formed government with the Democratic Unionist party (DUP) from Northern Ireland.
The US dollar lost ground against the yen until the middle of the week and demand surged when the currency pair exchange rate was ready to test levels below the 109 mark.
The Eu…
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27/05/2017

fx_lmcap Posted 27 May  in #Trader's blog #GBP #EUR #JPY #NZD #USD

The week ended with the euro softening against the US dollar. The weekly close was below the 1.12 mark, more precisely at 1.1180 and the main target for next week will likely be the 1.1050, reinforced by the actual 20-day SMA.
The sterling pound is off the previous week against the US dollar. This week’s close was slightly above the 1.28 hurdle and since the exchange rate is piercing the lower Bollinger band, more weakness might be ahead. The UK general polls are tightening and the Tories are …
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