I've explained this trade in detail during my latest Weekend Review video (link below), so i'll try to be brief. Like everyone else, I want to buy Dollars & Sell Euros based off of the fundamentals. With that being said it's important that we don't try and jump on the bandwagon because that's how a lot of rookie traders get burnt. Rather, we should stick to what...
To be transparent and clear I am short the market, fully invested. This is my further attempt to be objective. Bears will justify many reasons why QE4 is not possible. At the very least it's not probable, but in all honesty, after reading Bernanke's SA on reasons for using QE in a deflationary cycle, there is no reason the US will not go the way of Japan, by...
GBP has been held hostage to Mark Carney's flip flops over last few months. One day the rates are going to rise Q4 2014, next they won't be till mid 2015. Today UK releases CPI data that will be closely watched. A less than expected CPI number could break the back and send the pound 300 pips down to 1.6350 Currently, the pound has retraced to 61.8% level which...
1H Chart: With upcoming data release from BoJ (CPI , and UER ) I have a strong indication that the yen pairs will be reaching a support around $101.2 - $101.5
Following up from the previous analysis, the downside objective was achieved at 1.67418. In the run up to the CPI release, it is likely for GBPUSD to go back to test the previous level of 1.6925. While the bias is to the downside, for now, an upside move could be likely. Not recommended to take a long position now, or if taken make sure the risks are minimal with...
Quarterly CPI came out soft and Aussie declined across the board + China Flash PMI despite an increase from 48 to 48.3 was still seen as weak. In line with this chart, next support is likely to come in around 0.912 - 0.92 levels. 6 days for NFP data before the next big move. Also on the same day (02/05) Aussie PPI will be released as well. Note that on 01/05 we...