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EUR/USD well behaved ahead of the big events
There's no doubt that the Fed will hike its funds rate later today. The accompanying FOMC statement and economic projections will be of much more interest. The comittee took a step toward a more neutral bias at their most recent meeting. Should they continue in that direction, the dollar is bound to get sold. EUR/USD is trading in an ever tighter short-term range but any breakout will probably be limited, with ECB decision coming up tomorrow.
USD/JPY rally stalls ahead of 110
Fed's meeting ended without big surprises. FOMC statement has been seen as a bit less hawkish than expected. Perhaps it's time for some consolidation/correction ahead of the U.S. labour market report tomorrow. USD/JPY rally stalled ahead of 110 resistance which is backed by 200 DMA. 109.5 is the initial support.
U.S. dollar looks supported after the FOMC decision
FOMC left federal funds rate in 1.25% - 1.50% range, as expected. The statement was seen as slightly more hawkish than expected. March hike appears to be a done deal with some quarters now expecting as many as four rate hikes this year. U.S. dollar looks supported but will it last?
Buying Interest in the EUR/USD
After the FOMC statement--which was interpreted by the market as slightly hawkish--the EUR/USD dropped from it's maintained for weeks highs of 1.095. On Thursday's early European session technicals gave a signal of the downward movement to continue and thus we placed an order for a SHORT trade when price moves again below 1.088.
Nevertheless, the EUR/USD buying interest at the 1.088 level--which was briefly breached--brought the pair back up to its highs around 1.094. That movement which most li…
Nevertheless, the EUR/USD buying interest at the 1.088 level--which was briefly breached--brought the pair back up to its highs around 1.094. That movement which most li…
Market Quiet Before FOMC Statement
Relative quite in the market today, before the FOMC statement and the FED funds rate announcements scheduled for later today. The EUR/USD is in need of a correction, but technicals are mixed with an almost incomprehensible--based on sustained high levels--LONG bias.
Nevertheless, it is not clear whether the market awaits the FED news to move clearly in a direction or the final result of the French elections at the end of the week. As far as trading goes it might be tempting to enter a trade tomo…
Nevertheless, it is not clear whether the market awaits the FED news to move clearly in a direction or the final result of the French elections at the end of the week. As far as trading goes it might be tempting to enter a trade tomo…
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 ????
Ahead of FOMC
Economic calendar from USA isn't eventfull but contains the most important even from whole month - FOMC meeting (Tuesday-Wednesday). I expect that this meeting will sustain actuall interest rate at 0,25 - 0,50%. Last wave of weaker then expected macrodata suggest that FED isn't going to rise rates quickly. On the other hand there is a lot of possitive comments from FOMC members which gives a thought that next rise could be made in December this year.
In the upcoming FOMC meeting we should hear t…
In the upcoming FOMC meeting we should hear t…
EURo rallies as FOMC left rates unchanged
Euro printed an outside day reversal candle yesterday after the FOMC left interest rates on hold. A hawkish dissent, positive risk assessment and overall improvement of the tone of the statement was not enough to keep the U.S. dollar sellers at bay.
The pair surged about a cent from the lows and is currently stalling near 200 DMA. 1.11 and 50 DMA are the next levels where stronger supply may be expected. 1.10 shall now hold, if this is truly a bullish market.
The pair surged about a cent from the lows and is currently stalling near 200 DMA. 1.11 and 50 DMA are the next levels where stronger supply may be expected. 1.10 shall now hold, if this is truly a bullish market.
USD/JPY Waiting FOMC
If if breaks the flag I will be buying !
Usd/Jpy is out of the 240 down trend.
Trade with care.
Same you can check with Gbp/Usd
I am watching the price action now.
If i saw a doulbe top in 1h
I will short.
Kiwi approaches 0.69
Remarks in the speech by the Fed governor Janet Yellen sparked a dollar sell-off across the board. Recent hawkish tones by a number of Fed speakers had markets expecting something a bit less dovish than the latest FOMC statement.
The winner of the day was the Kiwi, which rose 80 pips before the event and about 70 pips afterwards. We can expect some buy stops to be triggered at and above 0.69 but probably plenty of new supply into 0.70.
The winner of the day was the Kiwi, which rose 80 pips before the event and about 70 pips afterwards. We can expect some buy stops to be triggered at and above 0.69 but probably plenty of new supply into 0.70.