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Trading Ideas: EUR; AUD; CAD; GBP


Good morning, London!
Here are some ideas for the session..
AUD
We start with the Aussie.

RBA
⬇️
  • The market decided to focus on the fact that a higher AUD could be problematic. So, despite the upbeat tone seen in the statement, the Aussie quickly reversed.
Copper ⬇️
  • Copper continued last week's downtrend. Although, be aware that today the red metal rebounded overnight.
Technical Structure ⬇️
[list][/list]…
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Week Ahead


Hey, Guys!! First of all, let me wish you a happy Monday ???? I know, some of you are ‘Garfields’ and you think you hate Mondays. Well, you shouldn’t ???? It’s the beginning of a new week, and with it comes a new range of opportunities.
This week’s spotlight is on the antipodeans. We start tomorrow with the inflation expectations out of New Zealand. This can very well set the Kiwi’s tone for the week. Now, bare in mind that usually the NZD moves according to it’s major trading partner: the Auss…
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A good day for the Aussie


Good morning, you sexy beasts ???? It looks like today all stars are align! On one hand, yesterday we saw a slightly dovish FOMC release. On the other, copper prices keep rising (just rose 0.3% during Asia). So be a dear, wait for a pullback, and - if nothing changes - buy Aussie Dollars ????
Much Love ????
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London Morning Call


- Overnight: Commodity currencies benefited from better than expected Chinese data.
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FX Fundamentals: #USD #EUR #GBP #JPY #CHF #CAD #AUD #NZD

USD: The Buck is, fundamentally, the strongest currency. However, the global outlook seems to be forcing the Fed to scale back on their original plan of hiking rates 4 times this year.EUR: The Euro should be a weak currency at the moment, with the ECB trying everything in its power to lower its exchange rate. Global turmoil, however, might keep the single currency rallying on safe-haven flows.GBP: The Pound is not as bad as it seems, at least by comparison, with the BoE members constantly statin…
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The Day Before: #Global #equities up; #Crude #Oil Stable

  • London opened with a positive risk sentiment. News from a rise in global commodity prices certainly helped, with Aussie and Kiwi outperforming throughout the day. However, the session started with both EUROstoxx50 and Crude Oil drifting lower.
  • At 9:30 AM GMT there was, perhaps, the most expected event of the day - UK Services PMI. Surprise, surprise, despite a negative deviation, Cable still managed to turn around and make new a high.
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USD was the biggest loser; AUD, NZD and GBP outperformed

- The session's biggest loser was - without a doubt - the USD, breaking through major levels against the Pound, Euro and Japanese Yen.- Both Aussie and Kiwi capitalized on stronger commodity prices.- Sterling was perhaps the biggest surprise. Despite weaker than expected Services PMI data, the Cable managed to turn around and break through 1.41$.
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FX Fundamentals: #USD #EUR #GBP #JPY #CHF #CAD #AUD #NZD

USD: The Buck is, fundamentally, the strongest currency. However, the global outlook seems to be forcing the Fed to scale back on their original plan of hiking rates 4 times this year.

EUR:
The Euro is a weak currency, at the moment, with the ECB trying everything in its power to lower its exchange rate. The global turmoil, however, might keep the single currency rallying on safe-haven flows.

GBP:
The Pound is as bad as it seems, at least by comparison, with the BoE member constantly stating…
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