- Trade views
- Must reads
Squawk / 17 minutes agoForex AUDCAD Trading Signal: after my sell signal made new high 1.0100, now safe traders book small profit up to 0.9980 & rest modify your stop loss above 1.0105 and wait for 0.9938 & 0.9800...
Article / Yesterday at 22:36 GMT
US Market Wrap: Headlines knock US dollar to the floorThe US dollar was on the back foot for most of the day, and late afternoon headlines knocked it to the canvas.Read the article
Squawk / Yesterday at 14:33 GMTThe Euro and GBP both positive versus the USD for late January
Both the Euro the GB Pound have displayed a more positive recovery tone into latter January. For EURUSD, this activity has neutralised bearish pressures evident from Q4 2016, leaving risks for upside gains into late January and early February.
The EURUSD needs a push above 1.0874 for an intermediate term bullish shift. However, for GBPUSD, a recovery above 1.2432 is still required to neutralise intermediate-term bearish pressures. Only above 1.2775 signals a bullish shift on an intermediate term outlook.
Go here for more detailed analysis:
Article / Yesterday at 12:54 GMT
Mid-session Europe: Rocky start for Trump hits USD, equitiesMarkets fell on Monday in reaction to the new US president's declaration of an "America First" doctrine in his inaugural speech on Friday, which was seen heralding a new era of protectionism and sparked worries of a potential trade war. The US dollar slid and European equities markets also lost ground broadly. Gold gained.Read the article
Article / Yesterday at 8:59 GMT
FX Update: USD under siege on Trump’s belligerence – #SaxoStratsThe market felt that US president Donald Trump’s hostile, protectionist inaugural address was more cause for unease and uncertainty, triggering a bond market rally and a further slide in the US dollar, particularly USDJPY, which remains the highest beta play on USD direction.Read the article
Article / Yesterday at 8:00 GMT
Morning Markets: Dollar slides as Trump turns deaf earWe've had a weekend to digest Trump's inauguration speech and, while the new president has put in motion a raft of executive orders pulling back on much of Obama's legacy, the failure to elaborate on his plans for a $1 trillion stimulus package has sent dollar into a downward spiral.Read the article
Article / Yesterday at 3:12 GMT
Macro Monday: Go for gold but watch USD long term — #SaxoStratsKVP has some special considerations for 2017 - look for a resurge in the USD in the second half of 2017, but in the meantime it's smart to be short copper and oil - but don't be too bashful with goldRead the article
Trade view / Sunday at 22:00 GMTShort term
Anticipating the next advance for USDJPYThe dollar is anticipating a 5th Wave advance. Short-term support for USDJPY is at 113.85/113.50 and short-term resistances at 114.60/115.00 and 115.60. The upside targets are 118.60 and 121.50.Read the Trade View
Squawk / Saturday at 13:12 GMTW4 technical #FX sentiment:
#GBPCAD ▲ (CONTRARIAN)
#GBPUSD ▲ (CONTRARIAN)
Squawk / Friday at 21:14 GMTPresident Trump’s inauguration speech saw the USD decline, whilst Bonds
held steady. My Updated US Stockmarket Analysis below – Still Bullish.
The Trump rally from election day to inauguration was 6% (refer below).
The greatest rally came in the lead up to the inauguration of Herbert Hoover
in 1929 (that didn’t turn out to well in the end!)
Earlier on the White House web site announced a target of 4% annual GDP growth, double its non-inflationary potential, so only attainable with the sugar pill of substantial fiscal stimulus. This would put Trump on a collision course with Fed Chair Yellen who noted in a speech yesterday that fiscal policy could affect “the appropriate policy path”. More background on that here https://www.tradingfloor.com/posts/inflation-update-puts-yellen-on-collision-course-with-trump-8401544
Neither protagonist wants a higher USD, yet both are setting out on a path to achieve it