Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD, $CNY Commentary: Nothing New. PE An uptick in the German-US 10Yr Spread helped EUR (Euro) at 1.1952 move up since Thursday, the overall uptrend remains intact and unless there is a sharp fall Friday, be open to chances of further move North. AUD (Aussie) at […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD, $CNY Commentary: Need to always watch Support and Resistance. PE The US Dollar (.DXY) Index at 91.7260 trading lower, EUR (Euro) at 1.2009, and AUD (Aussie) at 0.8013 are trade higher too, retaining their uptrends. Should the EUR at 1.2009 see 1.2035-50, the 1 of 2 possibilities […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD, $CNY Commentary: Need to always watch Support and Resistance. PE EUR (Euro) 1.1965, and AUD (Aussie) at 0.7965 still in their uptrends, but need to watch their supports. It is the opposite for the US Dollar (.DXY) Index at 91.96 that remains in a downtrend, […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD, $CNY Commentary: NKorea fires another missile, the markets yawn.PE August US CPI came in at 1.9% yesterday, compared to expectation of 1.8% and 1.7% in July. This sent the EUR at 1.1911 down momentarily to 1.1836 and USD/JPY at 110.18)up to 111.04. The US Dollar […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing New. PE USD/JPY at 109.36 broke above 108.70-90 bringing it back into the 108-111 range. The market may stall between 109.00-110.00 in hee. A break above 110 is needed to drive the market to higher. EUR/JPY at 130.74 rose with USD/JPY, within an […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD continues to be the weakest major currency on the week, and  ECB kept rates unchanged yesterday. The next meeting in October will be important as it is now a confirmed date when the ECB will seriously debate when to start its ‘Taper’ from. PE […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD continues to be the weakest major currency on the week.PE EUR’s (Euro) 1.1924 is intact, but the move looks to be slowing down. If the ECB is ambivalent on when the “taper” is likely to start, the market might offload some single currency Longs […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD strengthens ahead of NFPs Friday. PE Support at 1.1800 held on EUR (Euro) at 1.1907 producing a good bounce. It may consolidate between 1.1850-2000 for a few days trying to sort out the direction for the weeks ahead. And just maybe, the upcoming […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Higher than expected US Q-2 GDP preliminary estimate Wednesday +3.00% Vs expectation of +2.7% helped USD recover. PE Strong recovery in The US Dollar (.DXY) Index at 93.00 from the low of 91.62 seen Tuesday, just above 91.39, the 50% Fibo retrac of the earlier […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing New. PE USD/JPY at 108.80 has strengthened with NKorea coming back on the market’s screens, the low has been near 108.33. A daily close below 108.60 and weekly close below 108.00 could be Very Bearish. EUR/JPY at 130.19 is stable near Monday’s marks. But, […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Jackson Hole Summit drives Euro North. PE EUR (Euro) at 1.1925 after Jackson Hole speeches Friday reasserts the overall uptrend, establishing 1.18-17 as good supports, set new targets to 1.20-21. The rise in ER/JPY at 130.17 due to the rise in the EUR/SD is […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Overall weakness in USD and GBP continues. USD/JPY suggests risk here.PE EUR/JPY at 128.85) is largely stable as both the single currency at 1.1805, and the JPY at 109.17 have gained Vs USD. The US Dollar (.DXY) Index at 93.28 continues to consolidate sideways, but […]

Forex Morning Briefing: The US Dollar (.DXY) Index

Forex Morning Briefing: The US Dollar (.DXY) Index

Forex Morning Briefing: The US Dollar (.DXY) Index $DXY, $EUR, $JPY, $GBP, $AUD Commentary: .DXY ticked lower after downbeat US housing data and dovish FOMC mins. PE The US Dollar (.DXY) Index ticked lower after downbeat US housing data (building permits unexpectedly dropped by 4.1% in July, undershooting the forecast for 2% fall and well below […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Good gains overnight by the USD after a stronger than expected US retail sales. PE Good gains overnight by the US Dollar (.DXY) Index at 93.82 after a stronger than expected US retail sales (+0.6%, against expectation of +0.4%) and a comment by Bill Dudley […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Decreasing chances of any imminent military confrontation between US and NKorea have cooled off the geopolitical tensions and checked the strength in safe havens. PE JPY at 110.07, USD/JPY has seen a sharp bounce from my support mark at 109.50 and a break above 110.20 […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Geopolitical tensions between US and NKorea has tempered the risk appetite a bit. PE The action is driving USD/JPY at 109.90 to the lower end of the 109.30-111.10 range. If support at 109.50-30 holds, then a recovery to 111.00 can be expected near term. The […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Better than expected US NFPs triggered short covering in USD. PE Better than expected US NFPs triggered short covering in the US Dollar (.DXY) Index to 93.49 from 92.50, short of my Southside target at 92.00, but unless a weekly closing above 94.10-40 is seen, […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing new, as the USD continues to weaken. PE The US Dollar (.DXY) Index at 92.88 heads to 92.00 as expected after marking my initial target at 93.00. This is 5th monthly negative closing running, its longest monthly losing streak since Y 2011 and […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: US GDP is back to its steady growth but no sign of acceleration keeps the chances of FOMC taking any further Hawkish steps low. USD remains weak and the majors keeping their Northside momentum intact. Euro is in the most overbought condition since 2008 […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Better than expected US durable goods orders data has helped .DXY bounce. EUR is in the most overbought condition since Y 2008 and USD in the most oversold condition since Y 2011, which warrants a consolidation phase at least if not an outright sharp correction. […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD sold off to 93.22 after FOMC statement. PE More strength in EUR (Euro) at 1.1744, breaking above the earlier Keu resistance at 1.1712. This run opens up targets at 1.18-20. USD/JPY  has come down to 110.98, giving back almost all the recent gains […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: The FOMC policy statement Wednesday may dictate the near term path for the majors, especially if there are real hints regarding normalization of the Fed balance sheet. PE EUR (Euro) at 1.1650 rose above 1.17 but it was rejected exactly at resistance of 1.1712. Unless […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: The markets may wait for the ECB and BOJ meets Thursday before taking the next major step. PE USD/JPY at 111.97 is being watched for the reaction after the BOJ policy decision due now. Expect the support of 111.00 to be tested before any major short […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing New. PE The US Dollar (.DXY) Index at 94.75 continues its fall, could test 94.00 before pausing to refresh. Trend remains Due South now. EUR (Euro) at 1.1535 has broken above Key resistance near 1.1495 and is now trading within 1.15-1.16 which needs […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Friday’s weak US economic data increased the doubt over any further Fed rate hike this year and kept the pressure on the Buck unchanged.PE The US Dollar (.DXY) Index at 95.18 broke below the support of 95.50-40 in line with expectations and now much […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing New. PE EUR (Euro) at 1.1438 is trading below 1.1460. I said Wednesday that EUR could faces Key long-term resistance at 1.1520-40. Market sentiment is turning Very Bullish, so it would be cautious at these levels as profit taking will come on soon. The US […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: The Japanese Yen (JPY) is possibly the weakest currency just now. The cleanest currencies to trade just now looking like EUR and JPY. PE EUR (Euro) 1.1393 seen to move towards 1.1460, possibly higher, with good support at 1.1360 and 1.1300. The US Dollar (.DXY) […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: The currency markets are preparing for the shift to a more Hawkish stance by the central banks from the 10yrs long accommodative stance, pushing the yields higher everywhere and strengthening majors Vs USD. US NFPs data are the Key focus Friday.PE Note: the major pairs […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: No set date (if any) for Fed balance sheet reduction and concerns over continuing soft inflation in US limits USD strength.PE US Dollar (.DXY) Index at 96.28 retreated from resistance at 96.50-60 EUR (Euro) at 1.1338 trades above the support at 1.1290, keeping bi-directional […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Good strength has been seen in the Chinese RMB Yuan over the last few days as the USD/CNY (6.7668) has fallen from 6.8425 Tuesday to 6.76 Friday. This should reduce the scare on Emerging Market currencies. PE EUR (Euro) at 1.1440 continues strong, and […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: The continuing decline in US Housing data taking it to a 8-month low, plus the much worse than expected reading in the US Consumer Sentiment gauge weakened the USD more and again. PE The US Dollar (.DXY) Index at 97.17 is ranged with 96.30-97.80 for […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing New. PE The US Dollar (.DXY) Index at 97.43 marked 96.84 before bouncing to 97.40. The technical picture has not changed, as the Northside reversal chances are open, a clear break above 97.20-30 is needed to confirm it and a close above 98.10 […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: The FOMC hiked interest rates as expected and laid out plans to pare the $4.5-T balance sheet. USD weakened briefly but the Bullish reversal chances are still open. PE The US Dollar (.DXY) Index at 96.94 marked a low at 96.32 before bouncing to 97.00, […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: While keeping the rates unchanged as expected, ECB trimmed inflation expectations through Y 2019, pushing the single currency lower. Sacked former FBI Director James Comey testament was brushed off by the investors, boosting USD and UK is headed for a hung Parliament, weakening the GBP. […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Keeping the rates unchanged as expected the ECB pareed inflation expectations through Y 2019, driving the single currency lower. Sacked FBI Dir. Jamex Comey testimony was brushed off by the investors, boosting USD and UK is headed for a hung Parliament, weakening GBP. Overall, […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Thursday is a significant day for the markets as UK election, Conservatives to win, ECB policy decision to continue to stimulate and keep rates steady, and former FBI Director James Comey’s leaked testimony occur putting a virtual end to the Russian witch hunt, has investors […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Thursday is going to be a significant day for the markets as UK election, ECB policy decision and ex-FBI chief Comey’s testimony will take place, seeing investors playing it safe till then with the prevalent trend continuing so far. PE The US Dollar (.DXY) Index […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary:  The chances of the year-end inflation number coming up short of the Fed’s forecast have increased with the deceleration seen in the Fed’s preferred price measure and weighs heavy on the USD. PE The US Dollar (.DXY) Index at97.42, the resistance of 98.00 may […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: The Dovish sentiment expressed in the ECB Draghi’s statement about the European bond buying program has the single currency weak. PE EUR (Euro) at 1.1128 weak but the proximity of the major support at 1.1100-1.1075, and the lack of Southside momentum point towards the possibility […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing New. PE The US Dollar (.DXY) Index at 96.94 was rejected at 97.45 my resistance, now increasing the chances of seeing 96.50-00 in here. 97.45 becomes a significant resistance and near term reversal point, below which the bears remain in total control. EUR […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: The USD remains weak with more Southside left and the majors may rally further in here. PE US Dollar (.DXY) Index at 97.17 resumed its downtrend after brief pause and tested 97.00 Friday. My targets of 96.50-96.00 may be seen this week with the trend […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Added to the misperceived notion of uncertainty in US politics, the latest Brazilian corruption scandal is real with the possibility of an impeachment of the President has spooked the markets, but better than expected jobless claims and regional manufacturing data in the US have helped […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: The combination of weaker than expected US macro data and the possibility of political stability returning in Europe keeps the G-10 majors strong Vs USD. PE. EUR (Euro) at 1.0985 is close to resistance of 1.10 again on the back of a surprise win […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD strength prevails with the weakness in majors expected to continue for a while. PE The US Dollar (.DXY) Index at 99.60 is advancing towards our target at 100.00-50 with support coming up at 99.35-25. USD’s strength keeps JPY at 114.16 weak as USD/JPY enjoys […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD gathered strength and a pause after the 3-Day rally, it may rise further which implies weakness for the majors peers. PE US Dollar (.DXY) Index at 99.43 broke above the resistance, signaling a near term Bullish reversal which may take it to 100.00-50 after […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: No new triggers in the market and the major pairs may settle in moderate ranges near term. USD/JPY broke out of a 5-month long channel after worse than expected earnings in Japan. Labor cash earnings for 17 March came at -0.4% Vs an expectation of a […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: The better than expected US NFPs data and the defeat of the far-right candidate Marine Le Pen against the Centrist Emmanuel Macron in the French Presidential election seem to have cancelled each other out as the major pairs remain in the same place with no […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: The markets await the FOMC comments today and the US jobs data Friday to provide clues for the near term direction of USD. EUR and GBP remain the strongest majors with further Northside possibilities seen. PE Either the US Dollar (.DXY) Index at 98.93 or […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Euro (EUR) rose on the back of risk appetite following the 1st round of the French presidential election. However, it may turn out to be more of a relief rally rather than genuine strength for Euro. The chances of Euro making a significant top and […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary:Nothing new. PE US Dollar (.DXY) Index at 99.74 is hanging around its pivot at 99.80 of its trading range of 98.80-100.75. If .DXY breaches its pivot then see 100.45-80 within 3 to 5 trading sessions. Euro at 1.0716 was rejected from resistance near 1.0770 […]

Update: Savvy Money Sitting Out the “Brexit” Short Term Impact

Update: Savvy Money Sitting Out the “Brexit” Short Term Impact

Update: Savvy Money Sitting Out the “Brexit” Short Term Impact As Friday’s vote counting continues, the “leave” side led with 50.9% of votes with “remain” trailing on 49.1%. The gap between the 2 sides stood at about 191,000 votes with 144 of the 382 count centers reporting results. Stay tuned… All over the world financial […]