Seafair-Capital-Management

Seafair-Capital-Management Updated 

Today the DXY has been moving quite high seeing highs of 106.619. It is possible that the USD pairs are overbought and that investors may be looking for some strength in other currencies such as the Canadian dollar and Euro today for the trade against the US dollar. USDCAD has been recently overbought on the 4 hour RSI and has shown some immense bullish volatility...

Seafair-Capital-Management

Today the market has opened up with the DXY being fairly strong, opening at 105.674 and currently sits near 106. It is possible for the greenback to continue bullish into the New York session on Monday and perhaps for a few more days this week. Japan Gross Domestic Product QoQ data was released today and was reported as follows: Actual 0.5% Forecast 0.6% Previous...

Seafair-Capital-Management Updated 

The result of today's US Core Cpi data both monthly and yearly: (Core CPI (MoM) (Jul) Act: 0.3% Cons: 0.5% Prev.: 0.7%- Core CPI (YoY) (Jul) Act: 5.9% Cons: 6.1% Prev.: 5.9%) showed a strong sentiment of bearishness in regards to the US dollar. Monthly data showed decreasing inflation from the previous month's data and also was less than expected. Yearly data...

Seafair-Capital-Management

After a bit of a lagged start DXY pairs have started to move higher earlier today during the New York session (1pm candle New York time EST). EURUSD had a small fake out initially on the 4 hour chart yesterday which had formed a bearish signal cross only to form a bullish signal cross later upon the next candle. Other pairs such as USDJPY, USDCHF and the rest of...

Seafair-Capital-Management

Last week oil (WTI) slipped to lows of 86 dollars a barrel, prices not seen since January. There was slightly strong bearish volatility as shown by the Bollinger Bands and Keltner Channels indicators on the 4 hour and 1 day charts. The motion of price falling beneath the lower lines indicated that strong sell volatility occured. The default RSI14 fell to oversold...

Seafair-Capital-Management Updated 

08/08/22 As far as economic events for today and yesterday there is not much happening for important events and reports. On Wednesday (New York time) the US will release Core Cpi data that will bring a lot of volatility to the foreign exchange market. Today I am not seeing any great trades happening in the fx space. Perhaps USDCHF might get a long later tonight...