• All
  • Articles
  • Squawks
  • Trade views
  • Must reads
  • Videos
  • Calendar
Write a Squawk
No posts
  • Squawk / 47 minutes ago
    Trader, Analyst / Individual Trader
    WEEK 5 (01.02.2016 - 07.02.2016)

    At last, EURUSD broke out from the range this week. As I stated in my previous squawks, market was preparing for a long time for this rally. But according to my setup, there is still some space up for the future moves. I calculate upper limits (for February) around 1.1850-1.1900.

    Additionally USDJPY still stays above 1.116 and S&P500 has not started it's downtrend yet. These two factors(if happen) may speed up rise of EURUSD.

    Also fundamentally there are a few issues which do not support bullish USD:

    1. There is a lot of carry trade in US stocks. Position unwind would favor JPY & EUR.

    2. Not many tools left for CBs. Besides, any new measures are believed to have small impact on real economy.

    3. Possible reversal of US rate hike path. Wage rise in January is not enough for change in negative outlook.

    4. Bubble on USD got to burst sooner or later. Risk of pushing the price to parity(EURUSD) or 1.130(USDJPY) is too high.
    Read the Squawk
  • Squawk / Yesterday at 9:00 GMT
    Senior Analyst /
    Saint Vincent and the Grenadines
    Weekly Trading Forecasts on Major Pairs (February 8 - 12, 2016)

    Dominant bias: Bullish
    This pair was engaged in a smooth bullish run last week, moving upwards 420 pips before the bearish retracement that was seen on Friday (February 5, 2016). The bearish retracement could be taken as a sale in the context of an uptrend, for the uptrend might continue this week. As long as price is above the support line at 1.0950, the bullish bias cannot be threatened. The resistance lines at 1.1250 and 1.1300 are the potential targets for bulls this week.

    Dominant bias: Bearish
    Owing to the perceived weakness in USD, USDCHF dropped 340 pips last week, ending the recent bullish outlook on the market. The support level at 0.9900 was tried, before the current upward bounce, which is, however, shallow.

    Read the Squawk
  • Squawk / Yesterday at 7:16 GMT
    United Kingdom
    W6 #FX directional view:
    #AUDCHF ▼
    #AUDJPY ▼
    #EURAUD ▲
    #EURNZD ▲
    #EURUSD ▲
    #NZDCHF ▼
    #USDCHF ▼
    #USDJPY ▼
    #GBPJPY ▼
    #NZDJPY ▼
    #GBPCHF ▼
    #EURGBP ▲
    Read the Squawk
  • Squawk / Friday at 21:34 GMT
    Managing Director / Technical Research Limited
    New Zealand
    The S&P 500 ended the week on key support levels (see chart below) having failed to rally after the positive jobs report. However, USD traders were more impressed, pushing it higher. Money markets slightly increased the chance of rate hikes this year. We now await an update on China’s FX reserves position on Sunday and FOMC Chair Yellen’s view on the situation before the US Congress on Wednesday.

    Gold continues to rally nicely and is closely tracking my Bullish Analysis and Forecast (refer Daily and Weekly charts below)
    Read the Squawk
    Treve Treve
    thanks Max, your analysis on Gold is much appreciated!
    Vladlen Golubtsov Vladlen Golubtsov
    Hi Max! Tell me which gives information on the foreign exchange reserves of China and its impact on the market and the Japanese yen.
  • 1d
    John Shaw John  Shaw
    Another great piece today Mike. Thanks for sharing.
    Have a great weekend and a good bowl of Super Bowl chili and nachos.
    Us old guys...
    Michael O'Neill Michael O'Neill
    .Not me. I'm going for the new guy, fig newton
    yuiyui yuiyui
    maybe i wasn't so far off to say that the low CAD had been stimulative for exports....
  • Article / Friday at 15:26 GMT

    FX 4 Next Week: Yellen calls the shots

    Head of FX Strategy / Saxo Bank
    FX 4 Next Week: Yellen calls the shots
    The market suffered a traumatic week this week, as the moves of the previous week on the back of the Bank of Japan’s shock negative rates move were entirely reversed and then some as the week progressed. Next week will be about whether the US jobs report was sufficiently interesting to shore up the US dollar’s prospects and how Janet Yellen positions the FOMC after all of the turmoil to start this year.
    Read the article