- They do not expect the ECB to ease although they may end the sterilisation of the securities market programme (SMP);
- Cuts to the deposit rate and main refinancing operations (MRO) […]
Goldman Sachs ECB expectations
EUR/USD: Starting to feel very well ‘bid’
I admit I’ve said the same thing before in recent months, and I’ve also said exactly the opposite, and each time the demon range-trader has come out to make […]
EUR/USD: Bearish set-up now neutralised
I was trying to build a short position in EUR/USD and judging by yesterday’s price action, I wasn’t alone. Thankfully I got out at break-even and I’m leaving this […]
Hard to find any clear signals at the moment but I remain bearish on EUR crosses
- 1.3500 in EUR/USD looks like it might be a key level, if that breaks then look for a sell-rally strategy in EUR pair of your choice;
- EUR/GBP is heading lower […]
EUR/USD: Feels like 1.3500 could be critical for all EUR pairs
- Solid technical support held yesterday at 1.3510/15 but the bounce has been fairly timid so far;
- EUR/JPY neckline support held near 140.40 but a break below will lead to heavy […]
EUR/USD: Continue to favour the short side
- Medium-term trade idea from a week ago is starting to evolve;
- Trend-line support and a 61.8% retracement at 1.3510/15 (see chart);
- I’m staying bearish on some of […]
Quiet start to interbank trading week
- EUR crosses made more significant losses on Friday and I continue to play the EUR with a bearish bias;
- The break and close below 1.3550 in EUR/USD will turn short-term […]
EUR/USD: Short side favoured as crosses look bearish
- EUR/AUD is back at longer term median levels near 1.55 (although the daily up-trend remains in place);
- EUR/GBP is headed back sub-.80 in coming months (imho of course);
- EUR/JPY as mentioned […]
EUR/USD trade idea: Build shorts inside of 1.3550/1.3750 consolidation range
As you know, I’m not a big fan of trading the EUR/USD although I am quite bearish on the EUR crosses at present (EUR/GBP in particular). I’ve just been […]
EUR/USD: Look for more slow range trading with focus on crosses
- PB source suggests that there are strong bids near 1.3600 and heavy offers above 1.3690;
- EUR/USD has been trading sideways for years and range trading is it’s default mode until […]
EUR crosses: Still significant optionality at .8250 in EUR/GBP
- This level in EUR/GBP is likely to be tested in coming sessions (PB);
- EUR/AUD- developing double-top pattern with neckline at 1.5290;
- EUR/USD flows- big banks and prime brokers still report significant […]
Dollar likely to stay well bid over holiday period
- USD/JPY is trading at 5-year highs and the market is all bulled-up for more gains. I’m not joining in as I missed this boat already;
- USD/CAD is worth watching closely […]
EUR makes gains across the board as progress made on bank-plan
- Reuters reported that the EZ is making significant progress in coming up with a plan to tackle ailing banks;
- EUR/USD consolidated it’s steady gains of recent days and is still […]
Important levels close-by in EUR/USD and USD/CHF
- Recent daily lows provide technical support for USD/CHF at .8880;
- Barrier options are reported at 1.3750 in EUR/USD.
If both of these levels break simultaneously then we could see a sharp […]
EUR/USD: Obvious target at 1.3830
EUR/USD traded to highs near 1.3750 in early interbank trade but has now settled back near 1.3710. The market always seems to get itself overly bearish on this pair […]
EUR/USD: As always it’s a matter of finding the 200-pip range (1.3575/1.3775)
- The EUR looks quite strong on the crosses with EUR/AUD consolidating gains and EUR/GBP rebounding sharply;
- The break above 1.3625 reinforces the medium-term bullish outlook for EUR/USD;
- Nevertheless, this pair has […]
Early European traders chasing stops in USD/JPY and EUR/USD
- Stops tripped above 1.3625 in EUR/USD with more reported above 1.3640;
- Stops tripped below 101.90 in USD/JPY;
- Asian real-money names noted selling AUD/USD rallies near .9050.
EUR/USD: Important level to watch today at 1.3625/35
- A 61.8% retracement level at 1.3625 has been holding firm in recent days;
- Fibos are unreliable in non-trending markets but when they start to hold, it can signify the beginning […]
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