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28/04/2017

fx_lmcap Posted 28 Apr.  in #Trader's blog #GBP #EUR #JPY #USD #XAU
The euro is taking a major leg up after better than expected core CPI. The gauge was gathered at 1.2% in April flash release, when analysts where expecting it at 1% from 0.7% in March. The euro rose till 1.0945.
Sterling is trading above the 1.29 level at the time of writting this post. The cluster around the 1.30 level composed by the monthly R2, the weekly R1 and above by the upper Bollinger band will likely offer strong resistance if the bulls keep pushing sterling higher.
The yen is consolid…
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26/04/2017

fx_lmcap Posted 26 Apr.  in #Trader's blog #GBP #EUR #JPY #USD #XAU
EUR/USD is moving lower on Wednesday. At 1045GMT is trades at 1.0885, slightly above the 1.0878/76 level, where the weekly R2 and the monthly R1 are located at.
Sterling keeps trading above the 1.28 level. A move north would likely lead the exchange rate till the 1.29 mark. A consolidation towards the 1.2746/43 level, where the weekly PP and the monthly R1 are located at is also on the table.
Dollar/yen managed to close above the 111 benchmark on Tuesday. The next targe lies at the 112 level. Th…
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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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21/04/2017

fx_lmcap Posted 21 Apr.  in #Trader's blog #GBP #EUR #JPY #USD #XAU #French Elections
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…
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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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12/04/2017

fx_lmcap Posted 12 Apr.  in #Trader's blog #GBP #EUR #JPY #USD #XAU
The euro is trading above the 1.06 level on Wednesday 12th of April. The single currency rose to as much as 1.0624 during morning European session. Currently is drifting lower with the major target set near the 1.050 level, where the weekly S1 and the Bollinger band are located at.
Sterling is higher today after piercing the 1.25 hurdle on the back of the UK labour market report. The number of people claiming unemployment benefit rose by 25.5K to 765.4K in March, the largest increase since July…
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11/04/2017

fx_lmcap Posted 11 Apr.  in #Trader's blog #GBP #EUR #JPY #USD #XAU
Despite Yellen’s uncolored words, the euro was not able to take advantage of it against the dollar. The 1.0621/39 level keeps ceiling the exchange rate and the more likely scenario should be a fall till the weekly S1 at 1.0511.
Sterling lost some steam after worst than expected core CPI YoY, at 1.8% off from a 1.9% forecast and also below 2.0% recorded in February.
The yen is higher against the dollar. Massive capital inflows from foreign bond and stocks selling reported last week and a better…
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10/04/2017

fx_lmcap Posted 10 Apr.  in #Trader's blog #GBP #EUR #JPY #USD #XAU
The euro is trading below the 1.06 level. An important cluster stands near the 1.0550 level, where demand should occur.
Sterling is recovering after losses that took place on Friday, which compelled the exchange rate to end the week under the major 1.24 level. Support is now being built around the 1.2360/70 level. This week offers CPI and employment data committed with the UK.
Dollar/yen is above the 111 level despite the under 100K new job positions created in March reported last week by the …
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07/04/2017

fx_lmcap Posted 7 Apr.  in #Trader's blog #GBP #EUR #JPY #USD #XAU
The euro is facing strong resistance imposed by the 100-day SMA at 1.0624.
Sterling is moving lower against the dollar, dragged by fundamentals, such as disappointing February’s monthly manufacturing production.
The yen rose close the 110-psychological level in reaction to Trump's order to strike a Syrian airbase, which was used to launch deadly chemical weapons on civilians. Though, the exchange rate was pushed back to levels above the 110.50 level.
Gold also rose after US military actions i…
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