Learn 2 trade like a pro FOR FREE boafx.com - We expecting positive data and hawkish tones from the BoE today with a possibility of the MPC vote coming in at 2-0-7 as the BoE already said they would not let the chinese market effect their decisin on monetary policy. Pressure is on the ECB to extend and increase the QE program which should weaken the Euro currency further
Learn 2 trade like a pro - boafx.com - The rate decision is expected to show a further cut to the RBNZ rate bringing it down to 1.75% - however the NZD has sold off considerably over the past months and WE COULD SEE A RALLY REGARDLESS OF THE RATE DECISION TONIGHT. I think the RBNZ will be more hawkish in their statement than expected and any initial move down will...
Learn 2 trade like a pro boafx.com - After a significant build in Oil inventories last week we expect the price to head back down to previous support - the head and shoulders pattern is a good sign of a reversal at this point
Learn 2 trade like a pro - boafx.com - After the Dovish comments coming from the ECB yesturday and the likely hood that the UK will raise rates around the same time as the Fed we are using the opportunity to pull back to previous support (now resistance) to reenter for a sell
Learn 2 trade like a pro - boafx.com - With the risk off sentiment now shifting and a better than expected services PMI coming from the UK I am expecting to see this as the begining of the rally on the GBPJPY
Learn 2 trade like a pro - boafx.com With the construction PMI expected to be better on the GBP today and the Oil price back in free fall we should see a degree of intraday weakness in the CAD and strength in the GBP hence I will be looking to buy this currency pair
lEARN 2 TRADE LIKE A PRO boafx.com - Oil and oher commodities started to see a relief rally this morning but with GDP expectation high for the US we could see the pull back in this currency limited to the previous breakout price of 13200 where we will be going long
Learn 2 trade like a pro boafx.com - With the markets starting to look like a return to normality we can expect a correction on the EUR and with safe haven flows still running through the JPY I see an opportunity to take a quick 2:1 with a tight stop loss
learn 2 trade like a pro boafx.com - This is base on the return to the fundamental direction of the Euro after the technical pull back and intraday sentiment after the FOMC meeting last week - we reached the target sooner than expected but we are now looking to short the EURO as soon as the market opens on Sunday evening. First target will be the assumption of a...
Learn 2 trade like a pro - boafx.com With the recent hike in CPI in the UK primarily due to clothing it would make sense that we will see good figures coming from the retail sales today at 9:30am GMT. The nice big pull back on this currency pair yesturday has given us a great opportunity to sell this pair once more.
Learn 2 trade like a pro - boafx.com - We are looking at taking a tecnical long in the fundamental direction for the GBP/CAD. The canadian dollar is weaker than the GBP at the moment and especially now that Oil has dropped back below the 44$pb handle. I expect to see weakness in the Canadian across the board.
Learn 2 trade like a pro boafx.com - After the RBA kept rates on old yesterday we had a relief rally on the AUD/USD but don't let this confuse you between the strengths of these individual currencies. The COT report shows short positions have been added too on the AUD and buy positions have declined, so sentiment is still strong to the downside. After FED's...
Learn 2 trade like a pro boafx.com - This is an advance warning to look out for a candle stick reversal pattern at this current price. The RBA have just kept rates on hold which has caused the AUD to strengthen but the GBP is the stronger currency at the moment and should pull back at some point. The current price is strong support so we will be looking for a...
Learn2 trade like a pro boafx.com - We are looking at the up and coming possible divergence between these two central banks. We believe that the last monetary policy on the RBA has ticked some of the boxes when it comes to growth and an uptick in inflation should be enough for the RBA to keep rates on hold and even have some hawkish tones. Where the RBNZ are...
Learn 2 trade like a pro boafx.com - After the strength shown overnight in the AUD and the overall weakness caused by QE on the Euro I have been monitoring this overvalued currency for sometime. On the daily chart there is a nice engulfing pattern indicating a change in trend and the long term fundamentals on the AUD could be at a pivitol point. I also have reaon...
Learn 2 trade like a pro boafx.com - The Euro is overvalued against most currency pairs at the moment and the engulfing candle on the DAILY chart would suggest a change in sentiment over the next few days/weeks. I am looking to make the head and shoulders pattern on the 4 hour chart here and then sell off from the second shoulder.
Learn 2 trade like a pro boafx.com - Looking for the ifo Business Climate at 9am to give a catalyst to get into the sell position
Learn 2 trade like a pro - boafx.com - After the RNBZ deciision to cut rates by 25 bsp; which was no suprise. We now havetwo weak currencies in this pair. However the NZD is looking very undervalued against the Canadian. The RBNZ also omitted to say that the currency was too high and overvalued which means we could see the NZD pull back against these weaker...