USD Trading Outlook

16.4.2014-14.4.2014 11.4.2014-7.4.2014 4.4.2014-31.3.2014 28.3.2014-24.3.2014 21.3.2014-17.3.2014 14.3.2014-10.3.2014 6.3.2014-3.3.2014 28.2.2014-24.2.2014 21.2.2014-17.2.2014 14.2.2014-10.2.2014 7.2.2014-3.2.2014 31.1.2014-27.1.2014 24.1.2014-20.1.2014 17.1.2014-14.1.2014 8.1.2014-8.1.2014 3.1.2014-23.12.2013 19.12.2013-16.12.2013 13.12.2013-9.12.2013 6.12.2013-2.12.2013 29.11.2013-25.11.2013 22.11.2013-20.11.2013 1.11.2013-28.10.2013 25.10.2013-21.10.2013 18.10.2013-14.10.2013 11.10.2013-7.10.2013 2.10.2013-30.9.2013 27.9.2013-16.9.2013 13.9.2013-11.9.2013 23.8.2013-12.8.2013 9.8.2013-5.8.2013 30.7.2013-29.7.2013 25.7.2013-22.7.2013 18.7.2013-15.7.2013 12.7.2013-9.7.2013 28.6.2013-24.6.2013 21.6.2013-19.6.2013 7.6.2013-3.6.2013 31.5.2013-28.5.2013 23.5.2013-20.5.2013 17.5.2013-14.5.2013 10.5.2013-6.5.2013 2.5.2013-30.4.2013 26.4.2013-22.4.2013 16.4.2013-16.4.2013 10.4.2013-25.3.2013 21.3.2013-19.3.2013 15.3.2013-11.3.2013 7.3.2013-4.3.2013 1.3.2013-25.2.2013 22.2.2013-18.2.2013 15.2.2013-12.2.2013 8.2.2013-4.2.2013 1.2.2013-28.1.2013 25.1.2013-21.1.2013 18.1.2013-14.1.2013 11.1.2013-7.1.2013 4.1.2013-2.1.2013 27.12.2012-18.12.2012 12.12.2012-10.12.2012 7.12.2012-26.11.2012 22.11.2012-12.11.2012 9.11.2012-5.11.2012 2.11.2012-29.10.2012 26.10.2012-22.10.2012 19.10.2012-15.10.2012 12.10.2012-8.10.2012 5.10.2012-1.10.2012 28.9.2012-24.9.2012 21.9.2012-17.9.2012 14.9.2012-10.9.2012 7.9.2012-3.9.2012 31.8.2012-27.8.2012 24.8.2012-20.8.2012 17.8.2012-13.8.2012 10.8.2012-6.8.2012 3.8.2012-30.7.2012 27.7.2012-23.7.2012 20.7.2012-16.7.2012 13.7.2012-9.7.2012 6.7.2012-2.7.2012 29.6.2012-26.6.2012 22.6.2012-18.6.2012 14.6.2012-11.6.2012 8.6.2012-4.6.2012 1.6.2012-28.5.2012

15th March

The euro (EUR), moving just above 1.3040 against the US dollar (USD), is seen regaining losses it incurred through last week’s eventful agenda. The pair is mostly consolidating as markets are expecting news regarding the Italian Government and the Cyprus bailout plan. Looking ahead, markets are expecting stronger growth from the United States which may lead to bullish dollar. Today keep an eye on retail sales and crude oil inventories, key indicators of a healthy economy.

  • The GER30 (DAX) which tracks the top 30 German corporations is moving above 7970 while it continues to trend in that range. German equities are resilient even though negative industrial production in the Eurozone could have pushed the index downward.

  • Gold (XAU) has moved a step up, above 1590 as the precious metal corrects losses incurred the previous week.

  • Weekly option volatilities for the EURUSD remain constant around 7.95 as investors fear subsides after last week’s more event driven market.

Stay in tune throughout the day with foreign exchange bullets !

12th March

The euro (EUR) dropped to 1.3015 against the US dollar (USD) after first rising above its previous
resistance to 1.3050. The single currency is still under pressure as the continent’s political background
remains fluid. The Italian political system has yet to choose a leader after the ambiguous election results
that left the country (and Europe) in uncertainty. All eyes are on tomorrow’s European summit in which the
Cyprus bailout is expected to be put on the table, a swift resolution to that could help boost confidence in
the euro further.
? The GER30 (DAX) which tracks the top 30 German corporations is moving above 7990 looking to test
its previous resistance at 8015. German Equities have shown the highest gains the domestic exports
surge gave way to increased corporate profits.

11th March

The euro (EUR) rose above 1.3110 against the US dollar (USD) before correcting to 1.3085. The pair rose during the European Central Bank Press Conference, where ECB President Mario Draghi pumped confidence into the future of the Eurozone. He repeated his belief that the Eurozone economies will return to growth the second half of 2013; however markets may still take that with a pinch of salt. Today’s Non-Farm payrolls release, showing employment in the US, is set to boost the dollar if it comes out better than expected.

  • WTI Crude (OIL) rose to 91.40 as better than expected Chinese exports pushed demand for energy higher.

  • The UK100 (FTS) which tracks the top 100 UK corporations has moved above 6450 moving above its resistance at that level which may lead the way to higher highs.

  • Weekly option volatilities for the EURUSD dropped from 10.00 to 8.85 after the ECB rate decision, pushing premiums lower.

Stay in tune throughout the day with foreign exchange bullets !


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