The growing strength of the United States dollar has already fed up with a lot of things, Trump and American exporters to traders and analysts who have bet and continue to bet on its decline. Quite a long time ago, we have turned to dollars bears and also not enthusiastic about its unwillingness to decline. So it is time to find out the reasons for its...
USDJPY could head either way before and after FOMC so patience is VITAL today, lets see how price reacts around consolidation area (highlighted in pink)....
Today the two-day Federal Reserve policy meeting concludes. The central bank’s tone will set the direction for the dollar across the board. In the light of recent weakness in economic data from the US and a softer rhetoric from the Fed officials, traders expect the policymakers to adopt a dovish stance and confirm an easing bias in the second half of the year.
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The announcement of the Federal Open Market Committee (FOMC) Fed meeting results was the main event. As we expected parameters of monetary policy were left unchanged. As for the comments, the Fed has been extremely positive about what is happening in the US economy recently. At the same time, the Central Bank noted weak inflation indicators, which were perceived...
September FED meeting
US fixed income and stock markets are preparing to lose cushion as Fed may announce the onset of balance-sheet cut at the meeting on Wednesday. Termination of reinvestment policy and a smooth shedding of securities means a complete switching off of the "rescue mode” which has been regulator’s state for about a decade.
The market practically...
DXY has closed this month with a bearish candle and also closed dead-on the same price as the previous month's lows. This suggest strong bearish pressure and with the Fed rate decision today, NFP on Friday and increasing uncertainty around Trump's policies, we could see continued bearish price action for the dollar in the coming months. Today's US interest rate...
FOMC rate hike and hawkish sentiment has seen some long standing supports broken. Fibonacci target 1.02 first then beyond parity towards the middle of 2017
a strong bearish close below 0.73700 will present a shorting opportunity for Aussie. a pull back with multiple rejections of Fibonacci will also provide good opportunity. see chart for targets
After FOMC yesterday dollar has now showed some expected strength. This market looks like it going short. I am currently stalking any opportunities to go short on this particular pair. An ideal scenario would be fro the market to pull back up to 0.71400 area where major resistance waiting in the form of Fibonacci and moving averages. if market can get up there...
Hello Traders,
The market is in a range with price action lacking a firm direction and clearly waiting for a fundamental factor to drive it in either direction. The FOMC meeting tomorrow will be such a driver and we have two outcomes below along with our rationale.
Outcome 1 - Rate Hike and Bullish Press Conference - 65% Likelihood: We favour a bullish statement...
Buy area coming in at around at 96 price level. Will watch for a bullish reversal here and aim to buy the USD against EUR or NZD, or maybe something else depending on price action at the time. USD long trade backed up by hawkish FED after this month's relatively upbeat FOMC statement.
Preparing for a Trump win
Following Friday and the FBIs decision to re-open the case on Hilary I have decided I am going to assume A Trump win, this is for several reasons:
FBI
pbs.twimg.com
1) After reading into it, the reopening of the FBI case implies one of three things imo - 1. They have found new significant...
LONG USDJPY:
1. Slightly late posting this position but we got long at 104.5 earlier today. The rationale behind owning USD VS JPY is as follows.
USD risks are bid
1) in the run up to the 2015 dec hike USD traded extremely bid with DXY breaking through 100, based on the last 2wks i expect USD to mirror 2015 and continue the bid tone we have seen both in 2015...
Opec to cut or not to cut?
* I trade Oil seldomly however this binary position caught my attention.*
1.This trade derives from my view regarding cartels - a view which follows the logic that they only work when the cartel makes an arrangement that is beneficial to all parties, wholly from a profit perspective.
2. Formal action of Reducing output is unlikely to...
Presidential Election - Trump wins - MXN more sensitive than USD, Yen to pick up the risk-off shift:
1. Positioning for a trump win is much more interesting than a hilary win but nonetheless both should be profitable at some level. My number 1 position will be SHORT MXNJPY for a number of reasons 1) MXN has been very sensitive to the USD election given trade...
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