Блог Chartist65
22 February - More Analysis On Today's FOMC Meeting Minutes !!
Hi traders,
Yesterday, I gave a detailed analysis of upcoming FOMC meeting minutes.
Link - https://www.dukascopy.com/tradercontest/?action=post-read&post_id=132075
We are now - just 13 hours away from FOMC meeting minutes !!
Now, how do we traders prepare for this event.
I will give you a alternative view from betting markets ( which are based on moving odds).
Right now - Betting markets are offering these odds for upcoming FOMC Meeting Minutes-
I will show how to get the approximate probabiliti…
Yesterday, I gave a detailed analysis of upcoming FOMC meeting minutes.
Link - https://www.dukascopy.com/tradercontest/?action=post-read&post_id=132075
We are now - just 13 hours away from FOMC meeting minutes !!
Now, how do we traders prepare for this event.
I will give you a alternative view from betting markets ( which are based on moving odds).
Right now - Betting markets are offering these odds for upcoming FOMC Meeting Minutes-
I will show how to get the approximate probabiliti…
21 February - FOMC Meeting Minutes Ahead !!
Hi traders,
Right now - EURUSD is below 1.06.
This shows dollar is strong ahead of this Fed meeting minutes.
Federal Reserve policy meeting will be released on 22-02-2017 (Wednesday) i.e tomorrow.
Market will take clues on Fed's possible move on upcoming 15th March interest rate decision meeting.
So, will Fed hold the interest rate or raise ??
Yellen said delaying rate increases could leave the Fed's policy making committee behind the curve.
If so, it will eventually lead it to hike rates quickl…
Right now - EURUSD is below 1.06.
This shows dollar is strong ahead of this Fed meeting minutes.
Federal Reserve policy meeting will be released on 22-02-2017 (Wednesday) i.e tomorrow.
Market will take clues on Fed's possible move on upcoming 15th March interest rate decision meeting.
So, will Fed hold the interest rate or raise ??
Yellen said delaying rate increases could leave the Fed's policy making committee behind the curve.
If so, it will eventually lead it to hike rates quickl…
04/01 - Dollar Index in focus !!
Friends,
Dollar index is a measure of the US currency against a basket of its peers.
It hit 103.82, the highest level since December 2002.
That's a 14 year high !!!!
Also, today's scheduled Fed minutes could throw light on the pace of interest-rate hikes.
I think outcome of minutes will consolidate hawkish tones in favor of USD.
So, It would be unwise to go against USD right now.
I have a USDZAR long at 13.63 - with TP at 13.86 target.
USD Index price action is shown below -
That's all for now.
Dollar index is a measure of the US currency against a basket of its peers.
It hit 103.82, the highest level since December 2002.
That's a 14 year high !!!!
Also, today's scheduled Fed minutes could throw light on the pace of interest-rate hikes.
I think outcome of minutes will consolidate hawkish tones in favor of USD.
So, It would be unwise to go against USD right now.
I have a USDZAR long at 13.63 - with TP at 13.86 target.
USD Index price action is shown below -
That's all for now.
03/01 - Shorted GBPJPY at 145.81
Friends,
Happy New Year 2017 !!!
This is my first trade blog post in 2017.
I took a short on GBPJPY @ 145.81.
I have a TP = 144.5 with SL = 145.9
I foresee UK Sterling’s sharp weakening to continue in the wake of the continued post- Brexit unpreparedness.
Also, Thursday's UK Services PMI will decide further course of price action.
That's all for now.
Happy New Year 2017 !!!
This is my first trade blog post in 2017.
I took a short on GBPJPY @ 145.81.
I have a TP = 144.5 with SL = 145.9
I foresee UK Sterling’s sharp weakening to continue in the wake of the continued post- Brexit unpreparedness.
Also, Thursday's UK Services PMI will decide further course of price action.
That's all for now.
4th November 2016 - Risk Off sentiment Prevails !!!
Friends,
Just taking it forward from my previous blog post, I closed my USDMXN long position with a profit.
I will look at new long USDMXN positions if I see shallow retracements using daily pivots.
Back to explaining my rationale for market's risk off sentiment.
Japanese Yen along with the Swiss Franc have benefited this week from their safe haven status on growing uncertainty about the outcome of the US Presidential election while investors await the release of US October wage growth and non f…
Just taking it forward from my previous blog post, I closed my USDMXN long position with a profit.
I will look at new long USDMXN positions if I see shallow retracements using daily pivots.
Back to explaining my rationale for market's risk off sentiment.
Japanese Yen along with the Swiss Franc have benefited this week from their safe haven status on growing uncertainty about the outcome of the US Presidential election while investors await the release of US October wage growth and non f…