SasoKlobucaric

SasoKlobucaric

We saw strange price EUR/USD action today. Markets are in a wait and see mode before tomorrow`s FOMC meeting but I think EUR/USD will have gone up already before the event. So, I suggest buying above 1.2977 with a target 1.3100. I also believe there will be no SELL opportunity this week, which means no EURUSD short for a while, if any in the near future...

SasoKlobucaric

Aussie broke below below 0.9000 level which was six-month low against the greenback on worries about slower Chinese growth. It seems that central banks are defending it, so I suggest buying AUD/USD above 0.9050 (a buy-stop order) with possible target 0.9106...

SasoKlobucaric

Trading conditions have been changed on Friday as EURUSD was not able to break to the downside. Traders, investors and all other speculators are becoming nervous ahead of FOMC meeting, 17th September. There are some speculations circulating around the markets that FED could be hawkish on Wednesday at 20:00 CET. A lot of volatility is expected in the coming days...

SasoKlobucaric

Eurofi Financial Forum 2014 in Milan, Italy ECB members reiterated if more stimulus needed the EU central bank will find a new channel but they think already adopted measures will probably be enough. My EUR/USD strategy: SHORT

SasoKlobucaric

Reserve Bank of New Zealand is to report its interest rate decision at 23:00 CET today. No change is expected. I need to mention that recent Kiwi data were not as good as New Zealand was expected, so more dovish sound could be heard from the governor.

SasoKlobucaric

Treasury Select Committee hearing – Inflation Report: Mark Carney, Minouche Shafik, Martin Weale, David Miles at 15:45 CET - Last data: The UK annual inflation rate decelerated to 1.6 percent in July from 1.9 percent in June. Falls in clothing prices contributed the most to the drop while other downward effects came from alcohol, financial services and food. I...

SasoKlobucaric

Markets are in a wait and see mode ahead of ECB meeting. The biggest danger the ECB run today is falling short market expectations which could lead to aggressive short covering and push the Euro higher instead of lower. Not expensive, but cheaper Euro can help EU inflation to turn around to the upside. 2 major levels worth watching (light support 1.3100, strong...

SasoKlobucaric

The hottest event today was the Bank of Canada rate decision. The central bank maintained overnight rate target at 1 per cent despite quite good recent Canadian numbers like GDP data that came out in a better shape than markets had expected last Friday. So, there was no stronger price movement in terms of market reaction at 16:00 Central European Time when the...

SasoKlobucaric

Growth in the global economy is continuing at a moderate pace. China's growth remains generally in line with policymakers' objectives, with weakening property markets a challenge in the near term. Commodity prices in historical terms remain high, but some of those important to Australia have declined this year. I decided not to open AUDUSD long position!

SasoKlobucaric

Monday, 17:44 CET - Will recent worsening data from Australia's largest trading partner have any negative impact on the Aussie in the near term future? Chinese manufacturing activity growth slowed in August, losing momentum for the first time in six months after having hit its highest level in more than two years. Despite that I am going to bet on Australian...

SasoKlobucaric

EZ CPI in focus at 11:00 CET

SasoKlobucaric

resistance seen higher

SasoKlobucaric

no trading for now

SasoKlobucaric

see and wait mode DE CPI in focus today

SasoKlobucaric

offers seen higher, need to wit for DE CPI data

SasoKlobucaric

EU QE speculation There are some speculation in the markets that Draghi is expected to announce some kind of private QE at ECB meeting next Thursday. Other says he needs more time to asses the impact of the steps already taken. However, Draghi will probably reiterated everything we know so far and stress again that structural reforms must be completed along with...

SasoKlobucaric

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SasoKlobucaric

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