Fundamentals:- We are taking a short term Fundamental view on the GBP/USD at the moment. The USD has gone from strength to strength for many months now; every so often it will produce a pull back and some profit taking. The short term data has been a little worse than expected and with the MPC changing its interest rate vote recently we could see a continuation of...
Fundamentals:- The US had its Non Farm Payrole on Friday and although the unemployment rate dropped to 3.9% average hourly earnings had also dropped. The NFP figures showed jobs created at 164K when the market was expecting 190K. So mixed data but in all we are expecting a bit of a pull back from the Dollar strength last week. In Australia the economy has been...
Fundamentals:- The jobs data for the US was worse than expected and the unemployment rate notched up a little. However the Average hourly earning did manage a slight uptick. Canadian data showed progress in employment but Oil is down on the week.
Technicals:- We have a nice head and shoulders pattern formed on the 4 hour chart and Oil although is lower on the...
Fundamental Analysis
We had a rate hike from the FOMC which was pretty well priced into the market and with the recent china tariff plan from Donald Trump we move a step away from a trade war which should bring back some risk appetite into the Euro.
Technical Analysis
The Price made some headway to the upside and recently pulled back to its breakout level,...
Fundamental Analysis
After the Rate Hike from the FOMC to 1.625 was priced into the market the AUD/USD broke out of its channel to the upside. As I said in the previous trade idea for the AUD the economy is improving after its transaction from the mining sector and I expect it to remain buoyant going through 2018. I will be keeping an eye on wage growth and jobs...
Fundamental Analysis
RBA kept interest rates the same in the last meeting but have acknowledged that there is improvement in both the Domestic and International economy. The currency is currently trading down against the USD but a positive language from the RBA minutes tonight coud see a bounce back to previous resistance. If the central bank language is fairly...
Trading Opportunity :- Sell USD/CAD
Risk Reward Ratio :- 2.25:1
Fundamental Analysis:-
The Canadian dollar is a commodity linked currency with the commodity being Oil you can see from the recent news why I am interested in this currency pair. With the price of Oil being supported by tensions in Iran it is only natural to see the Canadian dollar strengthen which...
