Seafair-Capital-Management

Seafair-Capital-Management

This week the DXY has been falling quite heavily opening at 108.600 and has seen lows of 107.810. Currently sitting at 108.084 the DXY can still see more selling pressure this week. From a weekly perspective the near half period MACD line has fallen below the signal line signaling strong selling pressure at the start of the week, it may continue for a few more...

Seafair-Capital-Management

OPEC recently met this week to discuss whether or not to decrease crude oil production in October after initially deciding to increase production for September, increasing supply. Last month OPEC agreed to increase production in September by 100,000 barrels per day during their last meeting in August as the US strained to fight inflation and high energy prices....

Seafair-Capital-Management

The result of today's strong US ISM non-manufacturing data: ISM Non-Manufacturing PMI (Aug) Actual: 56.9 Forcast: 55.1 Previous: 56.7 pushed the DXY higher today as data showed a bullish sentiment overall from an actual and previous data standpoint. Banks and investors still show confidence in buying the US dollar as fundamentally Powell still wants to raise...

Seafair-Capital-Management

Today the DXY has been moving lower and the 1 day chart has been showing signs of continued bearishness. It is possible for the DXY to continue short for now with medium risk. I am looking at the 108.870 target area for a retracement. Tomorrow the US will release economic data for ISM Non-Manufacturing PMI (Aug) Forecast: 55.1 Previous: 56.7 and it will be high...

Seafair-Capital-Management

This week the US and Canada will be having a holiday long weekend and having their labour day holiday. The US and Canadian dollar currency pairs will see lower than normal trading volume. Europe will be reporting a variety of medium volatility economic reports today and one to watch closely is EUR Retail Sales (MoM) (Jul) Forecast: 0.4% Previous: -1.2%. The...

Seafair-Capital-Management

During today's New York session the DXY dollar strength index has been pushed higher due to US economic news, Initial Jobless Claims Actual: 232K Forecast: 248K Previous: 237K, showed a bullish sentiment from a forecasted and previous perspective, and ISM Manufacturing PMI (Aug) Actual: 52.8 Forecast: 52.0 Previous: 52.8, showed a bullish sentiment from a...

Seafair-Capital-Management

Today the currency market has seen the DXY move slightly lower as for the last 16 hours it has been moving lower. It has opened up at 108.753 had a low of 108.511 and currently sits at 108.699. The daily chart near half period MACD seems to be in a bearish signal phase. Yesterday morning's US economic news showed bullish strength for the US dollar as both US CB...

Seafair-Capital-Management

Today USDJPY has been moving slightly lower opening at 138.693 and has had a low of about 30 pips so far to 138.332. As mentioned in my article earlier the DXY has been falling and USDJPY can see a continued decline. The 4 hour RSI has been decreasing well and it can potentially move lower tonight. The 4 hour 20 SMA sits quite low at 137.6 which is a ways down....

Seafair-Capital-Management

The DXY has been moving higher today but has been diverging quite strongly on the 4 hour chart. The MACD and RSI have been moving lower while the price has moved higher. It seems that there may be a bearish move within the next few 4 hour candles but it may not be confirmed yet. The DXY saw highs of 109.452 but has recently endured a strong sell off and red 4 hour...

Seafair-Capital-Management Updated 

Bitcoin has fallen to lows below 19k today, this might have been triggered during Powell's speech today at Jackson Hole. During this speech the DXY was having high volatility. 4 hour RSI saw lows of 24 earlier and now sits at 26.75. My faster MACD is also giving a potential buy signal. This can be a good short term opportunity to buy and Bitcoin can rise back to...

Seafair-Capital-Management

Today the results of the US GDP (QoQ) (Q2) were released stating: Actual: -0.6% Forecast: -0.8% Previous: -0.9% The results were slightly bullish though economists believe that this is still well under inflation numbers and that the economy is doing better. Still investors and banks are worried that Powell may raise rates at the end of September. Tomorrow Powell...

Seafair-Capital-Management

Tomorrow is a big day in the markets as the Jackson Hole Symposium is under way where monetary policy leaders from around the US will be meeting to discuss monetary policy and other key economic issues. The US GDP (QoQ) (Q2) Forecast: -0.8% Previous: -0.9% figures will also be released which is a highly important event, this will measure the change of inflation in...

Seafair-Capital-Management

The DXY fell heavily today to lows of 108.077 during the New York trading session. The 4 hour MACD signal has shown a bearish reversal but the question arises, will this hold? As mentioned the daily chart has also come into heavy resistance and has been near overbought recently. There will be a short trend soon on the daily chart it is possible that the trend is...

Seafair-Capital-Management

Today the DXY has been moving to highs not seen since the week of July 11th and the DXY is coming up into resistance which is about 10 pips away. The 4 hour RSI is highly overbought with a value of 79 and has been diverging from a value of 81. This is a sign that the strength of the bullish move may be dissipating. Overall a value higher than 80 suggests an...

Seafair-Capital-Management Updated 

Today in the after hours trading session Bitcoin fell to lows of 20785. It might be a good area for a potential buy here as Bitcoin has shown strong bearish volatility and has not been at these levels since mid July. 4 hour RSI has been recently quite low at a value of 13.94, usually not seen too often. The 4 hour KC and BB median price which is around the SMA 20...

Seafair-Capital-Management Updated 

Today in the market GBPUSD fell during the New York session and now is a potential short term buy. GBPUSD fell to 1.19229. Currently the 4 hour RSI is oversold and the daily RSI currently sits at 39. The BB and KC indicators have shown strong selling volatility indicating a potential reversal here. The pound sterling has been trading under the 20 50 100 and 200...

Seafair-Capital-Management

Today in the New York and London sessions AUDUSD fell heavily to lows of 0.69109 showing heavy sell volatility on the BB and KC Indicators. Furthermore RSI fell to oversold levels on the 4 hour chart. Already the latest 4 hour candle has shown a good buy here for a short term buy against the US dollar, which in turn might head into a period of retracement....

Seafair-Capital-Management

Today the market released US Building Permits data as mentioned yesterday (Actual: 1.674M Forecast: 1.650M Previous:1.696M), this showed a bullish sentiment in relation to the expected data, but in regards to the previous data from June this data was bearish for the greenback as the value was less, less building permits means less construction starts and less...