TheAnalyst's Blog

Avatar

EUR/USD BREAKING NEWS?

Are we done with the FED resignations and ECB QE "breaking news" now? Can we just worry about Draghi tomorrow?
EUR/USD: lots of buying at 1.188 and at 1.192. Some selling at 1.195. SHORT trade is still holding. Either direction the pair takes it will be a 200 point move.
Read full story
Translate to English Show original
orto leave comments
Avatar

Today's Trades

A LONG trade in USD/ZAR with a modest position size was entered and exited within the day, profitably.
A SHORT trade in USD/JPY is currently active with profit target 108.9 and big position size since technicals are looking strong.
Finally, our LONG EUR/USD trade from last week is still active, with the pair struggling to move up. Keeping our stop relatively small we remain in this LONG trade despite the politically-charged week with UK elections and ECB conference coming in.
Read full story
Translate to English Show original
orto leave comments
Avatar

USD/ZAR, EUR/AUD, EUR/USD and US Payrolls

A bad LONG trade in USD/ZAR, before the US payrolls numbers and a EUR/AUD LONG trade that didn't pan out in the timeframe we were hoping for (due to margin reasons) set us back today.
A EUR/USD LONG trade seems promising as the pair seems poised to reach 1.14 and move on up from there in the month.
A USD/ZAR SHORT trade was also initialized with the pair having the potential of making a big movement. Will be monitoring this particular pair though and might opt out closing it sooner than expected.
Read full story
Translate to English Show original
orto leave comments
Avatar

USD/JPY & GBP/USD

Took a LONG trade in GBP/USD after the news during the European session. Unemployment was reduced even further to 4.6% from 4.7% and there were no negative surprises in the claimant count or the average earnings index. The trade has a modest profit target and closed within a couple of hours despite the lukeward effect the news had in the GBP/USD price action.
A SHORT trade in USD/JPY which was entered late yesterday, closed profitably today, early in the European session. The pair has made any m…
Read full story
Translate to English Show original
orto leave comments
Avatar

EUR/USD & GBP/USD

The EUR/USD continued its ascent today, currently sitting at 1.1060. We closed our trade after the EU GDP data, which came in as expected, but the pair was already at new highs at 1.1050 and temporary reaction after the news was bearish. This prompted us to play it safe, especially since the pair's strength is still a bit of a mystery in our view.
Similarly the GBP/USD was strong, but after good CPI data the pair was met with some selling. Technicals are not yet given a SHORT signal, but we will…
Read full story
Translate to English Show original
orto leave comments
Avatar

EUR/USD Nothing but Up

Technicals changed yet again for the EUR/USD and from a solid SHORT signal and despite the existence of a big gap, it stayed at high levels (1.093) after the US Data on Friday, which may not have been great, but were definately not bad.
Monday was met with a lot of buying interest even at those levels and without a correction. Based on similar price action a couple of weeks ago we entered a LONG trade with a relatively high profit target at 1.1080. Will certainly be monitoring the trade and look…
Read full story
Translate to English Show original
orto leave comments
Avatar

EUR/USD Strength after US Data

The EUR/USD climbed up above 1.09 after US CPI and Retail Sales data, which were better than prior numbers but slightly lower than forecasted. In our view this straength is not justified and could be temporary. Based on that we are keeping our SHORT in the EUR/USD. Neverthelss, it sould be noted that the EUR/USD has been met with a lot of buying, which makes this call riskier than anticipated.
Similarly, our trade in GBP/USD, which has a lower stop may not hold the USD weakness after the US Data…
Read full story
Translate to English Show original
orto leave comments
Avatar

The Euro and the Pound

Today we enterered a SHORT in EUR/NOK based on general oil prices strength and Euro weakness. Profit target at 1.3230 and with a small position due to uncertainty in oil prices.
The EUR/USD seems to have finally started correcting, but there's still a lot of buying interest on the way down at various levels. We would prefer to close the trade before the end of the week due to the G7 meetings, so we will be monitoring for any adjustments. Nevertheless, profit target at 1.079 is actually way above…
Read full story
Translate to English Show original
orto leave comments
Avatar

EUR and JPY Pairs Weakness

Our EUR/GBP trade with a profit target 0.839 closed today as the pair completed it's closing of the gap, which was created after the second French elections round.
Similarly, but with a lot more reluctance the EUR/USD is slowly trying to stay below 1.09 and close the gap at around 1.0740. We remain in the trade, but as mentioned yesterday will be monitoring the profit target as there's bound to be resistance every step of the way.
Today, we entered two new trades. Based on general all around JPY…
Read full story
Translate to English Show original
orto leave comments
Avatar

USD/JPY Strength and Weakness in the EURO

We entered three new trades today. The first one, a LONG position in USD/JPY closed within hours as the pair broke to new highs based on general strength.
The other trades were a SHORT in the EUR/USD and a SHORT in USD/CAD. The USD/CAD is a bit more risky so first we used a small position and second a small profit target at 1.3620. We believe the EUR/USD is going to finally correct after its continuous rise the past couple of weeks, hence a large position and a bigger profit target. Nevertheless…
Read full story
Translate to English Show original
orto leave comments
More