laikos

laikos Updated 

Fundamental: 1. Slow NAFTA progress negatively impact CAD 2. Dovish statement from BOC negate increasing Oil price on CAD 3. Expect more dovish statement from BOC Poloz statement tonight Technical: 1. Break weekly significant level and clear downtrend on D1 2. Target is Daily level (1R) and Daily level for (2R)

laikos Updated 

Trade Idea to short EURUSD based on: 1. Bearish bias to EUR currency due to delay in EUR QE program. Dovish statement form ECB 2. Bullish bias towards USD due to Tax Reform is shaping up positive, high possibility of another rate hike in Dec 2017. Now is already past mid of November

laikos Updated 

Fundamental: USD: Tax reform progressing, December rate hike is imminent. CAD: Dovish BOC on monitory policy. No rate hike planned. Oil price starts to show exhaustion. Technical: USDCAD keep forming healthy HH & HL sequence, this only the 2nd wave, within the channel. However look for price to break 1.2783 will be great entry, TP1 is very healthy at 2.3R.

laikos Updated 

Fundamental: GBP - Strong pressure from Brexit. Recent rate hike worsens GBP due to economic data is not as healthy as it should be. JPY - Safe heaven factor strengthen JPY. Technical: Strong rejection around 151.40-152.00. Pin bar formed on both Weekly and Daily chart Wait for support to break 147.15 for entry short.