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FX MARKET NEWS MARCH 3, 2017 ( PHILIPPINES TIME)

The dollar index surged yesterday morning to nearly 102 level on the revised Fed hike expectation, which was bolstered by another Fed official (Bainard) saying a hike might be appropriate “ so”on.Ironically, the Dow rose over 21000 for the first time ever, when equities “should” fall on rising rates.
The 10-year yield jumped on an opening gap yesterday to close at 2.463% and is higher again this morning at 2.465%, This is more than just “Yes, March.” It has a foundation in the PCE price index fo…
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EURO/USD OUTLOOK

The euro high on Monday was 1.0631 and Tueday , the high was 1.0630—rounding off that stupid 5th decimal place. This is a failure to match -and-surpass and sure enough, the Dudley remark and ensuing rise in yields and Fed funds probabilities turned the market against the euro. It has now retraced more than 62% of the rise off the Feb 22 low at 1.0492 and may be testing the downside next.
Happy Trading!..
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MARKET NEWS

The dollar index rose yesterday ahead of the Trump speech to Congress and is hanging on to gains
after hitting a 7-week high, despite the speech being “long on promises but short on detail,” as Reuters puts it.
The FT reports the Fed trumped Trump--the bigger news was NY Fed Pres Dudley saying we don’t need to wait for fiscal plans—the case for the March hike is “more compelling.”


The FT writes “The probability of a rate increase in March climbed to 74 per cent on Tuesday afternoon, shortly …
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My Trading Journal USD/JPY, USD/CAD,AUD/JPY

Hi Traders,
Here's my Trading position in USD/JPY
The candlestick price shows Higher High and Higher Close yesterday it's MANIFEST that the Destiny of direction of this pair going northward.
Trading scenario:

BUY USD/JPY TAKE PROFIT @ 114.43 STOP LOSS 112.95
Here's my Trading position in USD/CAD
The Technical Analysis on this currency pair not much give some guidance other than to going Northward the because bbands/channels breaking them.
Price open high and close on opening gap- but no ret
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My Trading Journey- SELL GBP/USD @124.91

SELL GBP/USD @ 124.91 TAKE PROFIT 124.33 STOP LOSS 125.41
Stochastic Oscillator (50.7621) 100 Lower low and close, did not break red support Channel bottom 12467
Note: Unable use trelling stop do it manually advice on my euro/jpy position.
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My Trading Journey- SELL EURO/JPY @ 121.28

I'm Bias for this pair my position SELL EURO/JPY @ 121.28 or better TAKE PROFIT 120.24 ( EXTENDABLE)
STOP LOSS 121.94 ( USE TRELLING STOP)
OUTLOOK:
The forecast is for good European data to continue to support the euro, probably to the 50% retracement level of 1.0854 and beyond. Our position in the euro/yen is therefore suspect. For one thing, it runs counter to the yield differentials and to the fundamentals.
The euro “should” be stronger against the yen, not weaker, revealing once again that …
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My Trading journey- BUY USD/CHF @ 0.9925

Hi Traders,
Here in my forecast for USD/CHF BUY @ 0.9925 TAKE PROFIT 0.9952 STOP LOSS 0.9895
Higher high, one point diff in closes, doji. but Iffy in the extreme.
That's for all...
Thanks
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My Trading Journey- BUY USD/JPY PRICE @ 112.65

Hi To All Traders,
For Now my open position in BBUY USD/JPY @ 112.65 TAKE PROFIT @ 113.06 STOP LOSS 112.25
* Price surpass the previous low by 3 points only with a lower low and close
*build up stochastic
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My Trading Journey- BUY NZD/USD @ 0.7285

BUY NZD/USD PRICE @ 0.7285 TARGET PROFIT 0.7315 STOP LOSS 0.7267
Late post currently price 0.7307 approximately 9 points to meet the Target price of 0.7315
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fxvolatilian avatar

adjust my Take profit additional 12 points....Thanks MURO

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My Trading Journey- BUY GBP/USD

BUY GBP/USD 1.2581 PROFIT TARGET 1.2638 STOP LOSS 1.2531
Technical Outlook:
MACD confirmation
Stoch Confirmation
RSI confirmation


SPIKE LOW AND LONG LOWER SHADOW WITH BETTER CLOSE
PROFIT TAKING MAYBE BUT UPSIDE TREND COULD BE RIGHT TOO.

WAITING TO BREAK 1.2596 PRICE

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fxvolatilian avatar

done!

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