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22/07/2017

fx_lmcap Posted 22 July  in #Trader's blog #AUD #GBP #CAD #EUR #JPY #NZD #USD
The euro rose against the US dollar and finished the week at 1.1662, above the weekly R3 located at 1.1643. The next target is set at 1.1715, which is reinforced by the 2015 high. On the downside, the 20-day SMA at 1.1581 is the first rationale figure seen in the daily chart, followed by the 55-day SMA at 1.1497. The daily RSI at 74.7 is overstretched and given the recent congestion on the upside, some consolidation seems likely early next week.
Sterling is the only major currency to have lost …
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15/07/2017

fx_lmcap Posted 15 July  in #Trader's blog #AUD #GBP #CAD #EUR #JPY #NZD #USD
The euro closed the weekly session at 1.1469 against the US dollar. The upper daily Bollinger band rests at 1.1567 and ahead of the ECB meeting on Thursday, a rise above the 1.15 psychological level would likely improve the outlook towards testing the former mentioned level. On the downside, the 1.1345 level, where the actual 20-day SMA is located at, offers support and it might be reached if the ECB reiterate that inflation is still not on a sustainable track.
The sterling pound rose against t…
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08/07/2017

fx_lmcap Posted 8 July  in #AUD #GBP #CAD #EUR #JPY #NZD #USD
The US added more jobs than expected in June. NFP data reported on Friday, 7 of July came at 222K offsetting a 179K forecast and May’s data was revised higher to 152K from 138K. Though June’s average hourly earnings MoM came lower than expected at 0.20% vs. 0.30%.
The EUR/USD exchange rate ended the week below the 1.14 level. The upper daily Bollinger band rests at 1.1501 while the 20-day SMA (1.1280) is currently moving towards the 1.13 level. The 55 and the 100-day SMAs are still lagging at 1.…
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25/06/2017

fx_lmcap Posted 25 June  in #Trader's blog #AUD #GBP #EUR #JPY #NZD #USD
The week ended was light in terms of economic calendar. The new one is more interesting with a patch of economic data that might not alter the sentiment but, will likely allow to envision if Central Banks’ recent actions and its forward guidance language are aligned with fundamentals set to be released ahead.
On Monday, the German IFO indexes for June will be released. In the afternoon (European session), US Durable Goods Orders for May are expected to contract 0.6% over April, while core US Du…
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11/06/2017

fx_lmcap Posted 11 June  in #Trader's blog #AUD #GBP #EUR #JPY #NZD #USD #Economic Calendar
This week offers a busy economic calendar. The Fed gathers on Wednesday, the BOE on Thursday and the BOJ on Friday.
The Fed is expected to hike interest rates by 25 bp points.
The BOE will likely leave interest rates unchanged and this will be the last MPC with Kristin Forbes, who previously voted to increase interest rates for the British economy. She once argued her decision to the growing risk of a major inflation overshoot.
The BOJ will likely keep targeting the 10-year yield, though buyi…
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13/05/2017

fx_lmcap Posted 13 May  in #Trader's blog #AUD #GBP #CAD #EUR #JPY #USD #Oil Prices

Friday’s US CPI and retail sales data disappointed. Softer retail sales and consumer prices stopped US dollar’s advance against its peers.
The euro finished the week above the 1.09 level and the gap remains unfilled. The more it gets unfilled, higher the implications towards its outlook.
Sterling faced resistance in front of the 1.30 level. BOE sent a dovish message in its last meeting. Maybe signaling that a high is in place.
The Australian dollar reversed some of its losses by the end of las…
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06/05/2017

fx_lmcap Posted 6 May  in #Trader's blog #AUD #GBP #CAD #EUR #JPY #NZD #USD #French Elections
The dollar finished the week higher against the Canadian dollar, the Australian dollar and the New Zealand dollar. Commodities' fall weighed on the laggard currencies.
Sterling and the euro rose against the dollar. The first currency lifted by better than expected PMIs (construction, services and manufacturing) and the second one, with markets awaiting Macron’s election.
The dollar also rose against the yen and now support is seen at 112.
During the week, I’ve traded US dollar/CAD dollar. I l…
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