after the crazy whipsaws post the NFP release - this slow decline of the dollar in the last 2 hours is quite powerful and likely to continue over the next few weeks. USD bulls could be in trouble.
Haven't traded this pair in a long time. So wouldn't be fair for me to advise you.
However, just having a quick look at it : would prefer short mainly if I had to. the pair has been largely between 2.2 and 2.3 for the last 3 months so 2.3 is not really a brave call from GS. If trading short term (1 to 2 days) then shorting it now for a target around 2.16 looks like a potential trade.
Fed probability of rate increase diminishes further with the NFP at -85k. The USD rally from Dec 4 started by the previous NFP looks to have ended with the latest negative NFP. However confirmation needed over the next couple of days.
Euro down trend looking to accelerate, however solid support zone in the 1.39 to 1.43 area - market historically likes that zone - so look for some range trading there. a short term bounce to 1.4480-1.4500 maybe a good area to short if you are not already.
okay - but i am quite sure you have been calling for a dollar rally for 5 months or more and I also suspect you do not trade any of your theories you put out - or else you'd be out of pocket on the long dollar trade you have been advocating for 5 months
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ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (12 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (12 months ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (12 months ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(12 months ago)
Gold and USDJPY
Weaker than expected CPI is expected to help gold and drag on USDJPY until this evening's Fed decision/press conference..
View Hot-Chart..
EURUSD looks likely to hit 1.47
The pair has just broken thru its resistance of nearly 20 days - 1.4480.
Haven't traded this pair in a long time. So wouldn't be fair for me to advise you.
However, just having a quick look at it : would prefer short mainly if I had to. the pair has been largely between 2.2 and 2.3 for the last 3 months so 2.3 is not really a brave call from GS. If trading short term (1 to 2 days) then shorting it now for a target around 2.16 looks like a potential trade.
cheers
vik
whats you view on EURNZD - at 1.97 - I am tempted to buy if it holds this level next week
thanks