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Daily Look

Daily Look

USD/JPY: Another Leg Higher In 2017; What’s The Trade? –

July 6, 2017 - by - Leave a Comment

Dollar/yen is getting comfortable around 113. What’s next? Here is their view, courtesy of eFXnews: Bank of America Merrill Lynch FX Strategy Research believes that the BoJ can keep the 10yr yield under …

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Daily Look

Elliott Wave Analysis: Temporary Correction Points Towards Stronger Levels

July 6, 2017 - by - Leave a Comment

Nasdaq is trading clearly bullish since 2016, unfolding a bigger five wave impulse to the upside. A recent sharp and strong move was labeled as red wave III, known as …

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Daily Look

EUR/USD: S/T Valuation Model Still Points To Further Correction

July 5, 2017 - by - Leave a Comment

EUR/USD suffered after an ECB member showed caution regarding a new policy move. Is the correction over? Not so fast. Here is their view, courtesy of eFXnews: BTMU FX Strategy …

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Daily Look

EURGBP and German Dax Analysis

July 5, 2017 - by - Leave a Comment

EURGBP looks to have completed a corrective rally within red wave b) or ii) around 0.8816 region, from where a new drop lower followed. We now see a current weakness …

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Daily Look

EUR/USD: Roadblocks Ahead; Fade Strength – Barclays

July 4, 2017 - by - Leave a Comment

The euro took a break from its gains, succumbing to USD strength. What’s next? Here is their view, courtesy of eFXnews: Barclays Capital FX Strategy Research expects the EUR to …

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Daily Look

AUD: Bulls Beware; Market Expects Too Much From RBA –

July 3, 2017 - by - Leave a Comment

A new month brings a new RBA decision as the Aussie is struggling despite an upbeat Chinese figure. What can we expect or not expect from the RBA? Here is …

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Daily Look

EURUSD Undergoing A Three Wave Reversal; While USDJPY Breaking

July 3, 2017 - by - Leave a Comment

EURUSD is showing us a nice reversal in progress, with a current drop lower being wave C) or 3) that can see even more weakness. Ideally the current fall will …

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Daily Look

EUR/USD: 3 Reasons Why Gains To Be Capped At 1.15

June 29, 2017 - by - Leave a Comment

EUR/USD extends its rises and has already reached the next line of resistance at 1.1420. Draghi is in the driver seat. What’s next? Here is their view, courtesy of eFXnews: Credit …

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Daily Look

Elliott Wave Analysis: S&P500 and USDJPY

June 28, 2017 - by - Leave a Comment

The updated chart of S&P500 is displaying a three wave correction in action, with the price currently trading in wave C. The previous wave B looks to have found a …

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Daily Look

CAD: Fade Strength On The Crosses; What’s The Trade? –

June 27, 2017 - by - Leave a Comment

The Canadian dollar is enjoying some backwind from oil prices. WTI is above $44 and USD/CAD slips under 1.32. What’s next? Here is their view, courtesy of eFXnews: Barclays Capital …

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