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Blueberrymarkets

NZDUSD REMAINS BULLISH: ANALYSISIn this video update, we take a look at how the NZDUSD is finishing this week. We expected the NZD to benefit from the potential USD weakness this week and it rallied significantly. If the market remains bullish we expect further upside next week as long as the USD can continue to move lower. This along with the AUD will be under pressure as the trade war between Trump and China continues however any positive news will push these currencies higher.
Long
by BlueberryMarkets
USD DOWNSIDE EXPECTEDIn this video update, we discuss the recent move on the DXY as we have seen the index break out of a key range between 97.50 and 96.20. With the decline in the Bond market, it begs the question, will the USD follow suit? Typically, when the 10 and 30 yr US bonds decline the USD follows over time and those markets have dropped significantly through December. If the USD does breakdown further we expect the support zone of 94.00 to be the overall target of the move lower.
TVC:DXYShort
by BlueberryMarkets
WHY WE ARE SEEING LARGE MOVES IN THE SAFE HAVEN CURRENCYIn this video update, we take a look at USDJPY as overnight APPL revealed their Q1 data which showed a potential slowdown in the Chinese economy. This caused investors to move their money from risk on to risk off with JPY and Gold benefiting from the poor data. Looking at the technicals price has bounced from the support of 105.20 however the move has been exaggerated due to low liquidity and we could see prices re-test this support again.
Short
by BlueberryMarkets
WHY WE ARE BEARISH USDWe have been looking for USD weakness for a while now due to the current situation in the Bond Market. There was risk to the upside however if the FOMC were hawkish the USD could have spiked further. But despite them mentioning gradual rate hikes, they were focused on data and monitoring inflation which is under the current 2% targets. This has seen the USD fall today and if price breaks and closes below the previous lows will be looking for USD weakness to continue.
TVC:DXYShort
by BlueberryMarkets
GBPUSD UPDATE AHEAD OF FOMCGBPUSD has been a chart of interest for a while and downside looks likely when taking price action into consideration only. However, with the FOMC interest rate decision tonight this chart could look very different by the end of the day. If the FED disappoint and look to slow down the rate in which they continue to hike interest rates we could see GBP back above the key 1.2700 resistance. If the FED plan to continue hiking interest rates then the USD will see significant upside leading to a break of the trendline support and GBPUSD heading down to the key support level.
by BlueberryMarkets
WHAT WE NEED TO SEE NEXT FROM THE USDIn this video, we discuss what we need to see from the USD going into the FOMC meeting tomorrow. We are expected to see a hike of 0.25% which typically does see investment into the currency. However, we feel the FOMC may disappoint with the statement on future rate hikes. If this happens we need to see the USD break below the trendline support and zone support of 96.30. If we do see a break and close below we will be looking for short opportunities on the USD.
TVC:DXYShort
by BlueberryMarkets
GOLD HIGHER IF FOMC DISAPPOINTGOLD seasonally moves higher throughout December and if the FOMC disappoint after hiking rates on Wednesday we could see prices rally in line with the seasonal move. Price is currently sitting at previous structure highs and 20EMA where we could see a further impulse leg. The market may be subdued until the announcement so patience will be required here. Looking at the lower timeframes if the 4hr timeframe can push higher and form higher highs in line with the daily timeframe we have the opportunity for a better risk to reward profile.
OANDA:XAUUSDLong
by BlueberryMarkets