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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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11/05/2017

fx_lmcap Posted 11 May  in #Trader's blog #GBP #EUR #JPY #USD #Oil Prices #Trump #Michael Bloomberg
The euro is trading below the 1.09 level against the US dollar on Thursday’s morning. Since May 7 the currency pair closed trading sessions off the previous close. Euro weakness seems to prevail and the currency pair might soon close gap triggered by French elections’ first round.
The Bank of England announced a few minutes ago that its main interest rate remains unchanged. Sterling dipped below the 1.29 level against the US dollar after the announcement.
The US dollar keeps outperforming the …
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24/04/2017

fx_lmcap Posted 24 Apr.  in #Trader's blog #GBP #EUR #JPY #USD #XAU #Oil Prices #French Elections
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…
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20/04/2017

fx_lmcap Posted 20 Apr.  in #Trader's blog #GBP #EUR #JPY #USD #XAU #Oil Prices #Imf
The euro is taking a major leg-up against the dollar on Thursday. Gains were capped by the weekly R3 at 1.0780.
Sterling is rallying once again after yesterday’s consolidation phase. Any further gains will likely by fueled by weaker US fundamental data, as there is no fundamental data committed with the UK set to be released during Thursday’s journey. Governor Carney will speak later in the day and a dovish tone will likely push sterling lower.
Dollar/yen gradually moves higher. Though, recove…
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17/04/2017

fx_lmcap Posted 17 Apr.  in #Trader's blog #GBP #EUR #JPY #USD #XAU #China #Oil Prices
The euro is facing the combined resistance of the 100-day SMA and the 23.60% Fibonacci retracement level at the 1.0629/39 level.
The upper Bollinger band near the 1.2560 level keeps resisting sterling's attempts to retake the major 1.26 level against the dollar. A surge above the first mentioned level today seems unlikely, given that liquidity isn’t yet totally reestablished.
Dollar/yen keeps driving main attentions. The exchange rate is moving closer to the 108 level, where demand will possib…
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