Daniel_Thompson

Daniel_Thompson

Helping the mood Friday were comments from Treasury Secretary Janet Yellen after the close Thursday. She stated that $1.9 trillion in pandemic-relief spending is still needed, despite recent strong economic data, citing the continued weakness in the labor market, as U.S. jobless claims hit a four-week high The stock market’s recent rally has stagnated this week...

Daniel_Thompson

The Australian Dollar stabilised this morning on the back of a positive jobs report from Australia. The jobless rate in Australia fell to 6.4% from 6.6% in December, versus markets forecast of 6.5%, data from the Australian Bureau of Statistics bureau showed today. For Pound investors, tomorrow’s UK PMI data releases are expected to drive GBP/AUD movement. The...

Daniel_Thompson

Having the US dollar weaken of the passed couple days, we most definitely will see the EURO and the currencies that Peggie off the EU, will gain on the US dollars. TP 1: 6.14990 TP 2: 6.13690 TP 3: 6.11490 As we have seen with ZAR strengthen against the US dollar.

Daniel_Thompson

we are seeing the EUR strengthen this morning, over many pairs as the Norwegian currency this week could see it battling with the EURO and other pairs. I have a short BUY in and TP at 10.23115 if it breaks this price we could see further movement towards 10.30430

Daniel_Thompson

From a 4-hour perspective, the bulls had met support and here were prospects for an upside continuation and a higher probability set up above the resistance. The conviction was illustrated from a daily perspective as follows With price having made a low within the vicinity of a 38.2% Fibonacci retracement, while there are still prospects of a fuller test of the...

Daniel_Thompson

TP1:1.79200 TP2:1.79400

Daniel_Thompson

EUR/JPY is pressing resistance in a bullish long-term trend. The hourly chart offers prospects of a test of prior resistance. EUR/JPY is testing a key resistance area within a broadly bullish long-term trend. The following is a top-down analysis which illustrates where the next potential opportunity can be expected from forthcoming price action and structure....

Daniel_Thompson

The dollar-supportive divergence-meme is coming back to the fore. The stimulus bill is working its way through the reconciliation process, which has been utilized by the last four administrations. The size of the fiscal shock ($900 bln in December and probably something close to $1.5 trillion now) is head and shoulders above what most other high-income countries...

Daniel_Thompson

During 2020 the Singapore dollar strengthened against the US dollar from 1.3453 to 1.3211. According to economists at MUFG Bank, neutral SGD NEER policy is likely to be maintained which should dampen Singapore dollar gains. we can see short trade progressing towards the downside, baring the weakness of the USD continues. This neutral policy will set the tone for...

Daniel_Thompson

Summary: STRONG SELL Moving Averages:STRONG SELLBuy (1)Sell (11) Technical Indicators:STRONG SELLBuy (0)Sell (9)

Daniel_Thompson

Take profit levels are set in, for copy and trade. The NZD/USD pair shot to one-month tops on Tuesday, with bulls now looking to build on the momentum further beyond the 0.7240-50 heavy supply zone. The pair built on last week's positive move and gained some follow-through traction for the third consecutive session amid the emergence of some fresh selling...

Daniel_Thompson

TP1: 0.87800 TP2: 0.88000 Hawkish vibes from the BoE on NIRP, QE and the banks more optimistic forecasts for UK economy (more below) have lifted GBP to the top of the G10 performance table (GBP/USD is higher despite continued strengthening in the US dollar). Soft UK construction PMI numbers for January have been forgotten, and GBP also continues to benefit from...

Daniel_Thompson

TP1: 82.620 TP2: 82.850

Daniel_Thompson

TP 1: 4.51000

Daniel_Thompson

AUD/CHF was up 2.61% to 0.7072 late Friday, having recovered from the lows of 0.6072 struck in the previous session. The Australian dollar edged higher against its U.S. counterpart on Friday, as investors digested a mixed bag of U.S. data.

Daniel_Thompson

perfect time too jump in this trade

Daniel_Thompson

Nice short has opened up with the trend, follow the trend, with your short take profit levels I am going for: TP 1 - 1.56755 TP2 - 1.56520 TP3 - 1.56320 This week’s EUR/AUD movement has been focused on Australian Dollar strength. Today’s Eurozone data has been too mixed to influence the Euro’s direction much either....

Daniel_Thompson

On the natural gas front the market is playing the weather card of cold weather to some areas in the U.S. to milder winter temperatures for the next 5-10 days in other spots. We have the EIA Gas Storage this morning and the Thomson Reuters weekly poll with 17 analysts participating have estimates of withdrawals ranging from 158bcf to 118bcf with the median...