Directionally Confused?

Directionally Confused?

Directionally Confused? Some people just know which direction is North, even if you blindfold them and spin them in an office chair, while others struggle to keep “right” and “left” separate. It seems like it must be something that some people born with, and it. What we call a “sense of direction” is really a […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Nothing new. PE US Dollar (.DXY) Index at 94.347 tested support near 93.86, then bounced to 94.50, thus testing resistance trendline. If breaks support near 94.10 in here, then see 93.6, which should then produce a bounce for a test at 95, seeing the cap at 95.00-95.65. EUR (Euro) at […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Nothing new. PE The US Dollar (.DXY) Index at 93.921 tested support at 93.6 Thursday. While trading above 93.7, it should test at 94 again and then perhaps to 94.2-94.4, them dip to 94. The Northside cap is 95.00-95.65. EUR (Euro) at 1.1710 rose to 1.175 Thursday and dipped, may see […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Nothing new. PE The US Dollar (.DXY) Index at 93.65 tested support at 93.29 Tuesday and now seems to be rising from there back towards 94. A deeper correction towards the 5 Wk MA 93.0-93.5 is on the cards, which might happen after a retest of 94. If so, the Northside target at 95 […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Pressure on the Buck. PE US Dollar (.DXY) Index -0.4% to 92.70 $EURUSD +0.58% at 1.1921 $GBPUSD -0.18% to 1.3518 $USDCHF -0.21% to 1.0027 $USDJPY -0.27% to 109.41 $USDCNY -0.23% to 6.344 US Consumer Price Index (CPI) increased 0.2% in April, less than the 0.3% rise projected. Naturally, there […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: USD still holding strong on hawkish Fed statement. PE The US Dollar (.DXY) Index at 92.38 saw highs at 92.8 after the Fed expressed positivity regarding future inflation this week. Note: If .DXY dips below 92.3 Friday, could then move to 92.0-91.5 and resume its uptrend. The next target […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY Commentary: Sing. closed for holiday PE Currency Markets US close Monday US Dollar Index +0.3% at 91.77 $EURUSD -0.31% to 1.2087 $GBPUSD -0.07% to 1.3765 $USDCHF +0.26% at 0.9899 $USDJPY +0.17% at 109.22 $USDCNY Unch at 6.332 EUR (Euro) The single currency unit received little support from the German CPI report […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD trading above Key resistance. PE The US Dollar (.DXY) Index at 91.17 breached 90.5-91.0, the Key resistance zone. This strengthening of USD was aided by the move in US yields on the positivity around US GDP. Note: The ECB meeting later Thursday could be important. Any increase in Hawkishness […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Seeing some strength ahead for USD. PE The US Dollar (.DXY) Index at 90.372 is testing resistance at 90.25-90.50 on the daily lines. The 90.5-91.0 looks like Key resistance, and a clear break there would imply a Bullish USD medium term. EUR (Euro) at 1.2276 broke below support 1.23 […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Seeing some strength ahead for USD. PE The US Dollar (.DXY) Index at 89.69 rose after testing support at 89.25 day before Tuesday, and now 89.8 looks like immediate resistance, if it breaks 89.8, then 90.00-90.25 could be next resistance, then a dip. EUR (Euro) at 1.2375 tested […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD seeing some weakness in here. PE The US Dollar (.DXY) Index at 89.74 is trading at 89.7-89.8, seen last Thursday and Friday. It will move to support at 89.25 this week. US Retail Sales data could have significance impact on .DXY this week. EUR (Euro) at 1.2342 is holding above 1st support […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD seeing some, but not much, strength in here. PE The US Dollar (.DXY) Index at 89.79 seeing a pause in its move to support at 89.25, then there is  continuing resistance at current marks that will push it down again. EUR (Euro) at 1.2327 dipped from  1.2396 Wednesday […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 89.535 marked a low at 89.36 Wednesday. .DXY is expected to move lower towards support at 89.25 by Friday or next week. The US CPI data release Wednesday reflected moderation in inflation and did not affect USD strength […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 90.186 not been able to rise above Thursday’s high at 90.59, 1st resistance near 90.50-90.75 as seen on daily line. While trading below this resistance .DXY could dip to 89.5. EUR (Euro) at 1.2274 tested support at 1.2225 […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 90.34, made a high of 90.59 Thursday, after having breached resistance earlier this week, has moved further up possibly targeting 90.75-91.00, then 90.75-91.00 is seen as a strong resistance. If breached, it could lead to medium term Bullishness […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 90.16 is staying above resistance line at 90.10, and is looking likely to move to higher to 90.5-91.0. The test at 90.5-91.0 could happen next week. EUR (Euro) at 1.2279 marked a low at 1.2257 Wednesday and is […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD still looks weak in here. PE The US Dollar (.DXY) Index at 89.27 has not broken major long term support at 89.20 yet. If this support is broken .DXY could turn Bearish medium term after having ranged within 88.5-91.0 for the past 10 weeks. The next target is support […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD still looks weak in here. PE The US Dollar (.DXY) Index at 89.10 has weakened, and broken below support near 89.4 dipping below Key long term support on weekly lines 89.2-89.4. If this break on the weekly lines hold, .DXY could turn Bearish medium term after having ranged in […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: US President Donald Trump announced more than $50-Bworth of import curbs on China Thursday, raising fears of a possible trade war. The implication of this move has already been seen on JPY, which has strengthened to a 17 month high. Whether this move leads to further weakening of […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary The US Dollar (.DXY) index, and Sterling, while the focus focus this week is on the FOMC, G-10 traders applauded the constructive Brexit news overnight and with most investors under-weighted GBP assets. There was a scramble for topside exposure with Sterling (GBP) breaking well above its resistance. […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing new. PE US Dollar (.DXY) Index at 90.105 bounced from 89.5-89.75. The support was actually broken Thursday, leading to a further move towards important support at 89.2. But, the support held and now, 1st resistance is seen at 90.25, which may bring us a dip. EUR (Euro) at […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Euro weaned by Draghi’s Dovishness. PE EUR(Eur0) at 1.2320, notably Draghi’s Dovish comments at the 8 March press conference and the downward revision of forecasted inflation in Y 2019 caused the single currency to weaken below 1.24 and marking a low at 1.2273 Friday. Seeing some chance […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing New. PE The US Dollar (.DXY) Index at 89.73 has some support on the daily lines, the earlier resistance trend line on the daily line could provide some support at 89.0-89.5. If that support holds ranging between 88.5-90.0 for this week is void. EUR (Euro) at 1.2338 […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing New. PE The US Dollar (.DXY) Index at 90.063 is testing resistance at 90.1-90.2 on heightened inflation expectations and rising yields, triggered by the FOMC mins release Wednesday. However, a rise beyond 90.3-90.4 will be difficult and see a dip there or about. EUR (Euro) at […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD continues to weaken. PE The US Dollar (.DXY) Index at 88.405) is testing support at 88.5 on daily lines. There is a chance  of a bounce from here to 89-90. Note: The recent .DXY Southside move broken Key long term support on weekly line at 89, which indicates prolonged Bearishness […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD is weakening. PE The US Dollar (.DXY) Index ar 89.51 down from 90.5 since Monday. The US CPI data release Wednesday is being looked at very closely for cues on inflation trends. Note: Higher than expected inflation numbers for January 2018 could lead to some near term selloff […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD consolidating. PE The US Dollar (.DXY) Index at 90.176 is consolidating around 90.20 and could move to resistance at 90.5-90.75 on the daily. EUR (Euro) at 1.2281) seeing strengthening since Friday when it marked a low at 1.2206. It might again attempt a test of support at 1.220-1.225 […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD consolidating. PE The US Dollar (.DXY) Index at 90.176 is consolidating around 90.20 and could move to resistance near 90.5-90.75 on the daily. EUR (Euro) at 1.2281 is strengthening since it saw a low of 1.2206. It may attempt a test of support near 1.220-1.225 on the daily […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD now moving in tight range. PE The US Dollar (.DXY) Index at 90.255 nowmoving in a very narrow range (90.2-90.3) after tapping a high at 90.57 Thursday. A test of resistance just below 91 could happen next week. EUR (Euro) at 1.2259 is trading below support at 1.2275 […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD support at 88.5 held, seeing some strength in here. PE The US Dollar (.DXY) Index at 89.653 is seeing some strengthening towards 90. There might be some resistance provided by earlier support near 90 on 3-Day. EUR (Euro) at 1.2368 dipped in line with our expectation of a near-term […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD continues to struggle. PE The US Dollar (.DXY) Index at 89.162 dipped again from marks seen Tuesday, and is trading in the 89.10-89.20 range. The markets is cautious ahead of the FOMC meeting announcement, and it will be interesting to see whether the Fed sticks to a hawkish tone […]

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD continues to struggle . PE US Dollar  (.DXY) Index at 89.283 to test support on daily lines 88.5-88.8 this week. On the daily candle the Northside for .DXY near term looks capped at 89.5. EUR (Euro) at 1.2401 seeking 1st  resistance at 1.24 now. The ECB kept its rates constant […]

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD is still struggling. PE US President Trump’s jawboning the USD in Davos was not enough to help it out of the weakness boat. And, During his, Q&A ECB President Draghi was doing his best to deflect questions on EUR then just as 1.2500 broke, Mr. Draghi said EUR’s gains were due […]

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD is still struggling. PE US Dollar (.DXY) Index at 89.069 fell further after US Treasury Secretary Mnuchin  said from Davos that the US likes a weak USD since it helps in trade. The Buck is now trading weaker against all major currencies. I see some support near 88.5 on […]

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD struggling. PE The US Dollar (.DXY) Index at 90.573 is holding below 91 as the US government shutdown hobbles any strengthening of the Buck. Currently, I expect .DXY should respect support near 90.4-90.5 as seen on daily lines and try moving up to resistance near 91.5-92 on the budget […]

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing New, USD struggling. PE US Dollar (.DXY) Index at 90.504 dropped after marking a high at 91 Thursday, and seeking support n 90.4-90.5 on daily lines. Note: The last 2 days have seen US yields rise to multi-year highs, thereby reflecting a possible shift in investment from debt to […]

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Keep your eyes on EUR/JPY, plus USD fell on the back of a report that China is considering reducing or halting its purchase of US government debt. PE EUR/JPY at 133.30 saw a low just below 133 Wednesday, it can bounce to 133.70-90 near term, there are increasing chances […]

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD gained traction on positive signs of inflation. PE .DXY at 92.267 moved up, and may to be on course to test 92.5-92.75 the near term resistance on the 3-Day candles and 3-Day lines. EUR (Euro) at 1.1971 broke below 1.20, which could now move down to Key support near […]

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD fails to gain traction despite positive signs of inflation. PE EUR (Euro) at 1.2077 held above the 1.1997 support Friday and may move up to 1.2150, while trading  above 1.20. A clear break below 1.20 sets up test to 1.19, but not negating rise to 1.2150. USD/JPY at […]

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