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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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24/06/2017

fx_lmcap Posted 24 June  in #Trader's blog #GBP #CAD #EUR #JPY #NZD #USD
The week ended was soft in terms of economic calendar.
Sterling pound vs US dollar triggered some opportunities last week, with Governor Carney once reinforcing that low rates will last for some time on Tuesday and on Wednesday defied by MPC member Haldane, which considered a possible vote for an immediate interest rate hike in June. If so, it would have made a 4 – 4 voting, instead of a 5 – 3.
GBP/USD ended the week afloat the 1.27 level. It is capped above by the 20-day SMA at 1.2783, while …
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21/05/2017

fx_lmcap Posted 21 May  in #Trader's blog #CAD #EUR #JPY #USD #Donald Trump #Opec

President Donald Trump has embarked on his first international trip since taking office, a five-country journey to meet with some of the most important figures in the Middle East and Europe.
This first foreign trip starts as home troubles mount. Until Trump manages to get ahead of the Russian investigation, his economic agenda will likely remain frozen, or at least with less support than before.
This week offers US Durable Goods Orders and the 2nd estimate for US Q1 17 GDP. Growth is expecte…
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15/05/2017

fx_lmcap Posted 15 May  in #Trader's blog #GBP #CAD #EUR #JPY #USD #Oil Prices
The euro is trading higher on Monday’s morning European session. The exchange moves towards the 1.0977 level, where the 50.00% Fibonacci retracement is located at.
Sterling preserves the ascending channel. If UK's headline CPI reaches 2.6% estimated by analysts, the weekly R2 at 1.3052 will likely be figured as the next main target. In case of disappointment the weekly S1 at 1.2825 followed by the 1.2774/31 level, which is reinforced by the Bollinger band, the monthly PP and the up-trend are ex…
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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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