Video

Kim Cramer Larsson
Areas covered in this webinar by Saxo Bank technical analyst Kim Cramer Larsson include EURUSD, USDJPY, GBPUSD, EURGBP, gold, silver, S&P 500, the Nasdaq, the Dax, the FTSE and the Dow Jones.
Squawk / 09 August 2018 at 10:48 GMT
Currency Strategist
Uganda
USD/CAD continues to hold rising support showing underlying strength. The issue traders need to address is the near-term Dollar resistance level area 95.26. Although the USDCAD pair looks ripe for Bullish strength, a failure of the Dollar index breaching it's resistance could see USDCAD Bulls struggle and postpone their move higher.
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John J Hardy John J Hardy
The G-10 rundown
USD – the dollar is doing absolutely nothing at the moment, somewhat weaker over recent sessions, though that move merely neutralizing former strength. Waiting for a bigger impulse and not hopeful that tomorrow’s July US CPI release prompts fresh drama.
EUR – the euro rally losing some steam as Italy’s yields pick up. The Five Star Movement leader and Deputy Di Maio saying he will use tough tactics in EU budget negotiations and as prime minister Conte says the government intends to move forward with its flat tax and citizen’s income plan over the course of five years (estimates vary, but some estimate the programs could cost some 5% of GDP)
JPY – USDJPY can’t seem to work down through the 111.00 area with conviction – seems we might need a dose of risk off and/or volatility in global yields to get the yen on the move here.
1y
John J Hardy John J Hardy
GBP – sterling continues to slide and EURGBP has even worked up through the 0.9000 area. Not convinced that the upside there has further major potential. At some point, the market may realize that a no-deal Brexit will also weigh on the EU’s growth prospects. But the break of 0.9000 could pull the focus ton 0.9300 eventually.
CHF – the EURCHF rally fizzled as Italy’s yield snapped back higher from yesterday’s drop. The 1.1500 area is the technical key for more downside potential, though the coincident indicator is the direction in Italian yields
AUD – the Aussie possibly stronger via AUDNZD flows overnight, but the recent stability in the CNY also helping at the margin the price for Australia’s largest export, iron ore, has picked up strongly over the last week, perhaps in anticipation of a new round of Chinese stimulus.
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John J Hardy John J Hardy
CAD – USDCAD’s recent sharp rally may have been a one-off linked to Canada’s intense spat with Saudi Arabia – we’ll avoid over-intepretation of the near term action and keep the 1.3000 pivot level in our sights as the bull-bear line.
NZD – a deserved slide in the kiwi on the latest dovish blast from Governor Orr and company. Still, to keep the slide on track beyond the next hurdle around 1.1250+ in AUDNZD will require a drumbeat of new NZ-negative inputs.
SEK and NOK – EURSEK pushing all the way to 10.40, possibly on the very uncertain political scenarios post the September 6 election. We suspect this means little for the state of the economy, however, so we look for ways to fade the fear with limited risk, such as via downside options and options spreads with expiry dates several weeks after the election. NOK – getting concerned if the line in the sand on the crude chart gives way, not that crude prices have served as a solid indicator on the krone recently.
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John J Hardy John J Hardy
Upcoming Economic Calendar Highlights (all times GMT)
1215 – Canada Jul. Housing Starts
1230 – US Weekly Initial Jobless Claims
1230 – US Jul. PPI
1300 – Mexico Jul. CPI
1700 – US 30-year Treasury Auction
2350 – Japan Q2 GDP
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fred seru fred seru
On the resistance DXY side, matters have stayed fairly consistent like you've said as buyers have continued to fall back around the 95.40-23 level, giving us an ascending triangle formation with about 17 days cycle between each test of the ascending triangle ascending support line. should price be rejected again at resistance, the cycle suggests somewhere around 18th August for another support retest.
The big question around tomorrow’s data is whether this gives USD bulls the motivation that they need to continue this topside move up to fresh yearly highs.
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Forex Signals Forex Signals
up or down?
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fred seru fred seru
Forex chartist...That's yesterday's chart, Bullish bias persists. Resistance now support on DXY. USDCAD bullish validation enforced.
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fred seru fred seru
Forex signals*
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Morris Morris
RSI has been giving bullish signals on the DXY! The EURUSD had the final leg down!
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Morris Morris
Good TA! Tnx
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Morris Morris
Fred tools are available out there which takes "confluence" of EW, Fibs and Time?
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Morris Morris
Rather "What tools are available"
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fred seru fred seru
Your gonna have to make ur own custom tools/indicators/Ai to come up with whatever ur interested in....cycles(time) r tricky, they r Jst unreliable in fx
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Morris Morris
Ok! Thanks

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