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Video

Market anticipates even more dovish Fed: Moltke-Leth

cml

The Fed leaves rates unchanged and says stimulus wind down will begin relatively soon. And according to Saxo Bank's senior sales trader Christoffer Moltke-Leth, this is because the Fed is struggling with an inconsistent labour market and low inflation. The Fed still foresees one more rate hike this year and three hikes next year, but the market does not agree, says Moltke-Leth. "The market expects the Fed to be even more dovish."

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Short term

Trade view / 06 September 2016 at 12:17 GMT

USDCHF looking toppy, downside likely

Clive Lambert - FuturesTechs

Technical Analyst / FuturesTechs

United Kingdom

Instrument: USDCHF

Price target:

Market price:

Background

Last Thursday was a bearish "outside day" in USDCHF as the recent rally promptly ran out of steam. We went into Friday's jobs numbers looking to see if this would be confirmed. The answer was "yes and no", but price action since then has encouraged me to think we will soon get confirmation and head lower.

In a bigger picture, this is basically a range trade, and the chart suggests USDCHF may have just hit the top end of the range and found sellers again.

Management and risk description

Place stop above 0.9820-27 initially. Move to a scratch once the first target is hit.

Parameters

Entry: Below 0.9800 (currently 0.9790)

Stop: Above 0.9830

Targets: 0.9740, 0.9660, 0.9580

Time horizon: 1-2 weeks

USDCHF daily candlestick

Source: CQG Inc

USDCHF weekly bar chart

Source: CQG Inc

— Edited by John Acher

Non-independent investment research disclaimer applies. Read more

06 September

bancodemon

straight forward analysis.

06 September

Subbarao

Sir can you say highest targets for tomorrow

06 September

Clive Lambert - FuturesTechs

First target hit so we can now move the stop to entry on the balance as per the commentary.

06 September

bancodemon

Done.

08 September

Clive Lambert - FuturesTechs

The second target on this trade (0.9660) has been HIT now. Please move the stop on the remaining balance to 0.9720.

08 September

bancodemon

Done

09 September

Clive Lambert - FuturesTechs

Stopped for profit on the balance so a net 80-odd tick gain.

09 September

Clive Lambert - FuturesTechs

Pays for my stop in EURJPY yesterday... and a bit on top!

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