Macro scores: EUR = - 50 AUD = 4 For more info visit logikfx.com
Macro Currency Strength GBP = 21(+7) ZAR = -24 (-24) COT Report Lev Funds GBP = Long (slightly dec) ZAR = NA GDP Differentials = -1.2% (2022 forecast) IR % Differentials = -3.4% Weekly Price Trend = Long Overall, based on fundamental strength, price trend, and COT a Long on GBPZAR looks favourable. BUT as interest rates, and GDP growth rates showing...
Europe is looking at generating a strong vaccine roll out which will help the EU recover faster than expected. The most interesting figures from European Commission show a projected growth of 3.8% moving into 2021 and 2022. This bullish European sentiment is a great sign for a potential bullish move in the EURJPY exchange rate. Below is a full summary of the...
Macro Currency Strength = Short Bias GBP = -7 USD = 28 Net GDP Growth Diff = Short Bias -2.5% (2022 forecast from IMF) GBPUSD vs WTI = Long Bias 78% positive correlation, WTI is rising as of recent, therefore long bias GBPUSD vs FORD = Long Bias 68% positive correlation, Ford is longing, therefore long bias Interest Rate Differential = Short Bias GBP...
EUR = strengthening CHF = weakening GDP diff = short Exports Analysis = Long IR% Diff = long Stock Index = Long EUR OI Hedge Funds = Long CHF OI Hedge Funds = Long TA = Long Majority = Long The euro area has had an interesting start to 2021. The latest GDP figures show the big four European economies beat expectations in terms of growth. The main areas include...
Macro currency scores: GBP = -21 CHF = 18 CFTC still yet to update the latest Commitments of traders data. If it continues to support this idea, the short trade is live.
Macro scores GBP = -28 AUD = 25 COTA GBP = Decreasing AUD = Increasing Trend Down (congesting) SL Approx 1.87 Target 1 Approx 1.65
Fundamentally speaking the odds are stacked against USD and towards the safe haven Yen. Macro scores USD = -6 JPY - 23 GDP Diff = Short bias IR% Diff = Short bias International Trade = Short bias Stock Market = Short bias Timing: USD COT = Short JPY COT = Neutral Trend = Short
LogicStrategy Fundamentals 24/05 NZD Negative LogicStrategy Flip - This is where the Logikfx scores shift from net positive to a net negative on NZD 28/06 USD Positive LogicStrategy Flip - Logikfx scores shift from net negative to net positive on USD Insider Information Hedge Funds Nets Long USD since 2018 24/06 NZD Negative COTA Flip - Hedge Funds positions...
Fundamental Quant scores: USD: +8 MXN: -6 Recent economic data suggesting USD strength in the future, on the flip side MXN data has been negative.
Fundamentals suggesting potential reversal for GBP. Technical daily morning star, common reversal price action. Followed by a weekly distribution zone over long term could see smart money buyers.
Fundamental LogicStrategy Scores: - Strong signs for CAD +22 - Weaker signs for CHF -27 CAD Fundamentals: - Retail sales 1.1% increase by 0.1% - Core retail sales increased by 1% massive jump for consumer consumption towards GDP - Manufacturing sales 2.1% increased from -0.2%, this is a big component for exporters, more sales meaning higher consumption...
LogicStrategy Scores are showing favourable signs of a GBPCHF long. (LogicStrategy = 24) GBP Important Fundamental Considerations for a Long Bias - Public net borrowing was less than forecast, indicating cable has a stronger potential than expected - Consumer price index has seen a positive change than previously YoY - The property market is showing signs of...
Fundamentals picking up for GBP with a falling price. This shows the intrinsic value of GBP is yet to be priced in, waiting on technical confirmations before entry. Waiting for: - Candle formations - Higher Highs Any confirmation towards the upside.
There has been a huge positive shift in the U.K economic readings on the LogicStrategy. I would advise to wait for candlestick confirmations and keep a keen eye on further political agenda. Fed has shown indication of inflationary policies, meaning a depreciation in the U.S dollar is a potential. The tariffs on China are signs of a deflationary outlook, so with...
Fundamentals suggesting strengthening signals for GBP as the scheduled data releases all higher than previous. Waiting on a technical entry, too early to jump in. Be patient and wait for a confirmation for higher success.
Fundamentals: LogicStrategy Quant scores shifting in favour of GBP, compared to the weak score provided for CHF. - This was following the recent decrease in unemployment in the UK down to 3.8% from 3.9%. - CHF PPI dropping significantly to 0% with a forecast of 0.2% - CHF retail sales dropped significantly this month, down to -0.7% - SVME PMI down for CHF to...
CHF fundamental data isn't looking great, however, the recent trade talks may push the CHF higher as investor sentiment flocks to safer currencies. Will emotion take control of price or will the weak underlying value of the CHF take into effect on the price.