fx_lmcap's Blog

Avatar

06/05/2017

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…
Read full story
Translate to English Show original
orto leave comments
Avatar

24/04/2017

The euro rose till the 1.0920 level answering with relief the result of French elections' first round. Some profit taking prompted the currency to dip below the 1.09 level and reaching an intraday low at the 1.0820 level.
Sterling is flat. It is squeezed between the 1.2850 and the 1.2750 levels. The Bollinger band is widening, though the 20, 55 and 100-day SMAs are below the intermediate Bollinger band, which is located slightly above the 1.26 level. It seems that before resuming its trend high…
Read full story
Translate to English Show original
orto leave comments
Avatar

21/04/2017

The euro is moving lower on Friday. The exchange rate at 1315 GMT trades near the 1.07 level. The exchange will likely remain squeezed between the 1.0686/59 level, which represents a strong cluster formed by the 20 and 55-day SMAs, the monthly PP and the weekly R1, and the 1.0729 level, where the weekly R2 is located at.
Sterling is moving lower after disappointing March retail sales. Retail sales dropped to 1.7% year-over-year in March, falling behind analysts 3.4% forecast and from 3.7% previ…
Read full story
Translate to English Show original
orto leave comments