Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: ECB’s policy stance turned out to be a mix of Hawkishness  and Dovishness. PE Related Story: Euro: Europe is a Failed State EUR (Euro) at 1.1564, the single currency saw its biggest intra-day fall since Dec ’16, as it fell from 1.185 to 1.156. Note: On the charts, it is testing important support on […]

Euro: Europe is a Failed State

Euro: Europe is a Failed State

Euro: Europe is a Failed State $EURUSD Euro selling extended into Asia on Friday after the European Central Bank said it would hold off hiking interest rates at least for another year, while equity traders were uneasy ahead of Donald Trump’s decision on whether to hit China with fresh tariffs. The single currency was hammered […]

USD/EUR (EUR=X) below 1.20 for an extended period on ECB rate guidance

USD/EUR (EUR=X) below 1.20 for an extended period on ECB rate guidance

USD/EUR (EUR=X) below 1.20 for an extended period on ECB rate guidance After today’s ECB meeting, analysts from Danske Bank explained that it is the new time dependent rate guidance that is key for the euro. Key Quotes: “A short-lived knee-jerk move higher in EUR/USD on the QE end-date announcement but this quickly more than reversed as the rate guidance […]

USD/EUR (EUR=X) Rate Seen Straitjacketed by Italy this Summer but Better Days are Ahead Later in 2018

USD/EUR (EUR=X) Rate Seen Straitjacketed by Italy this Summer but Better Days are Ahead Later in 2018

USD/EUR (EUR=X) Rate Seen Straitjacketed by Italy this Summer but Better Days are Ahead Later in 2018 EUR/USD will be restrained this summer by political risks in Italy. But can rise in second half of 2018 as ECB ends QE programme. Although forecasts suggest upside is more limited than before. The Euro-to-Dollar rate will be […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Nothing New. PE US Dollar (.DXY) Index 93.87 trades around the 93.4-93.8 during the last 3 sessions. Note: Tuesday, the US CPI met expectations did not have a Bearish impact on USD. The FOMC meet Wednesday will be important, as any sign of Dovishness could push .DXY down to 92.8-93.0. EUR (Euro) at […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Nothing New. PE US Dollar (.DXY) Index at 93.73 rose Monday and has seen 93.89 Tuesday, and now could move lower, targeting  93.0-92.8 this week. EUR (Euro) at 1.1766 has seen lows near 1.174 Tuesday, now looks like it could rise to 1.1875-1.1900 in this week, 1.19 is major resistance. USD/JPY at 110.24 turned Bullish, […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Nothing New. PE The US Dollar (.DXY) Index at 93.43 could move South to 93. Support at 92.8-92.6 could be important, a clear break below that is the 1st sign of a Bearish .DXY ahead. EUR (Euro) at 1.1797 is likely to see a to 1.1875 in here, 1.19 could be important resistance, a clear […]

USD/EUR (EUR=X) Support at 1.1570, Watching for Entry at 1.16

USD/EUR (EUR=X) Support at 1.1570, Watching for Entry at 1.16

USD/EUR (EUR=X) Support at 1.1570, Watching for Entry at 1.16 President Donald Trump’s opponents must be very upset – to their great disappointment, his economic policy brings positive results: the number of jobs in the US in 2018 grew by more than a million, the inflation reached the Federal Reserve’s target of 2%, the trade […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Nothing New. PE The US Dollar (.DXY) Index at 93.47 tested to 93.21 Thursday. It may bounce to 93.6-93.7 Friday and fade, 92.8 is an important mark. A clear break below 92.8 is the 1st indication of Bearishness for .DXY medium term. EUR (Euro) at 1.18 will head to 1.177-1.178 Friday, 1.19 is an important […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Nothing New. PE The US Dollar (.DXY) Index at 93.51 broke below support 93.68, it may bounce from 93.3, or fall to 92.8. A clear break below 92.8 has .DXY Bearish medium term. EUR (Euro) at 1.1792 broke resistance at 1.175 and tested 1.18. A clear break of 1.181 take it to 1.19. A break there […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Nothing New. PE US Dollar (.DXY) Index at 93.84 broke below support, next support at 93.65. A break below 93.65 turns .DXY Bearish to 93.3-92.8. A clear break of 92.8 would be Very Bearish medium term. EUR (Euro) at 1.1723 a break above 1.175 then sees 1.181. If 1.181 breaks, see signs of Bullishness medium […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Nothing New. PE The US Dollar (.DXY) Index at 94.08 saw a low of 93.66 Monday.  It has been trading below 94.25 for the last 3 sessions, but could move to 95. EUR (Euro) at 1.1689 tested near 1.176. It might dip to 1.163 in here. USD/JPY at 109.88 broken resistance at 109.6 and has […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Nothing New. PE The US Dollar (.DXY) at 94.027 tested to 93.7-93.8 Friday, and may see 93.8-94.0 Monday or Tuesday. If not a rise to 95 later this week is possible. EUR (Euro) at 1.1687 may fail to test at 1.178 and fall to 1.155 this week. USD/JPY at 109.62 seeing resistance at 109.6-109.7-110. There […]

Populist Government Takes Power in Italy

Populist Government Takes Power in Italy

Populist Government Takes Power in Italy “Populism is the new organizing principle.” The new government has pledged to pursue a host of populist policies, including reclaiming national sovereignty from the European Union over issues ranging from border protection and immigration to economics and finance. For now, however, it has abandoned previous plans to hold a […]

President Trump ‘Sanctions’ Socialist Europeans

President Trump ‘Sanctions’ Socialist Europeans

President Trump ‘Sanctions’ Socialist Europeans Thursday night, a frightened Emmanuel Macron told US President Donald Trump that tariffs on steel and aluminium imports from the European Union were “illegal” and that the EU would respond in a “firm and proportionate manner.” The call between the young French President and President Trump came after the US […]

Expect Italy’s New anti-Establishment Government to ‘Dump’ Euro

Expect Italy’s New anti-Establishment Government to ‘Dump’ Euro

Expect Italy’s New anti-Establishment Government to ‘Dump’ Euro $EUR Thursday, just a few minutes after the announcement on of a deal on a new anti-establishment government in Italy, 1 of its leaders attacked a top Eurozone official for comments he deemed racist in a fresh sign of cracked relations with Brussels. In a conference Thursday, […]

Italy’s Deepening Political Crisis May Drive Gold North

Italy’s Deepening Political Crisis May Drive Gold North

Italy’s Deepening Political Crisis May Drive Gold North $GLD,  $SLV The deepening political crisis in Italy that provoked a 2nd day of heavy selling on European financial markets. Italy’s President set the country on a path to early elections on Monday, appointing a former IMF official as interim PM with the task of planning for […]

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 […]

As the EU Splinters, ECB’s Draghi Pleads for Currency Reform

As the EU Splinters, ECB’s Draghi Pleads for Currency Reform

As the EU Splinters, ECB’s Draghi Pleads for Currency Reform $EURUSD European Central Bank President Mario Draghi Friday called for greater central government interference in capital markets, stating his desire for a fiscal instrument that would alleviate crisis-driven stress on weaker countries. The Head of the European Central Bank (ECB) is urging political leaders to […]

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 […]

USD/EUR (EUR=X) Heffx Technical Outlook

USD/EUR (EUR=X) Heffx Technical Outlook

USD/EUR (EUR=X) Heffx Technical Outlook Overall, the bias in prices is: Sideways. By the way, prices are vulnerable to a correction towards 1.22. The projected upper bound is: 1.24. The projected lower bound is: 1.21. The projected closing price is: 1.22. Candlesticks A white body occurred (because prices closed higher than they opened). During the […]

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 […]

EUR/USD (EURUSD=X) Bullish Trend

EUR/USD (EURUSD=X) Bullish Trend

EUR/USD (EURUSD=X) Bullish Trend Overall, the bias in prices is: Upwards. Short term: Prices are stalling. Intermediate term: Prices are ranging. The projected upper bound is: 1.25. The projected lower bound is: 1.22. The projected closing price is: 1.23. Candlesticks A black body occurred (because prices closed lower than they opened). During the past 10 […]

USD & Gold: The Bulls Vs The Bears

USD & Gold: The Bulls Vs The Bears

USD & Gold: The Bulls Vs The Bears $USD, $EUR, $GLD The notion of repeated cycles is timeless, it is how the ancient people perceived time: not as linear sequence of events, but as replaying patterns of Dark and Golden Ages. Those of us that Chart the Market view it as struggle between The Bulls and The […]

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 […]