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lukepearson
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Everything posted by lukepearson
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Bullish on EUR/USD More upside potential might be seen ahead in EUR/USD. Volatility is going to be two-sided before the FOMC. The markets remain too hawkish on the FOMC and any disappointment might see the cross pushing above 1.10 resistance for a move towards 1.12. Why is the euro going up? The key reason for the euro’s climb remains the fundamental scenario in the eurozone. Today’s German IFO and money supply data remain positive for the eurozone economy and subsequently the inflation expectations which are guiding the single currency higher. See more at: BoE might beat Fed for the hike, Gold short squeeze ahead, EUR/USD to 1.12? - Tip TV
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EUR/USD: Supported as Greek fears decline EUR/USD has been more resilient this week due to ease in Greek fears. EUR/GBP remains preferred for trading the Euro,believe the single currency has been data-responsive this week.
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Gold bearish because of expected Fed rate hike He begins by noting how the potential US interest rate hike has put pressure on commodities, and is a cause of their disappointing 13 year low. Another cause according to Gibson were the market players, who first bet on puts, and then drove the spot lower. See more at: Only 3 gold stocks have outperformed Gold spot since 2010 - Tip TV
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Gold: $1000 ahead? Looking at the technical charts, Gold breaking below $1150 support was a significant move which pushed the bearish impulse for the yellow metal. A bearish target at $1000 in the coming months, but expects the psychological level to support gold prices from dipping further.
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Three key reasons to stay away from Gold buying Lack of inflationary pressure Fed moving towards beginning its rate hike program Lack of demand in the Chinese markets -
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longer term view of the major downtrend in the yellow metal,it is hard to avoid the $1,000 level.
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EUR/USD to resume downside eventually Mir feels that EUR/USD looks rangebound, and that if it was going to push lower, it would have done so already at the start of the week. Nevertheless, in the long run, he can see more downward pressure and expects bearish flow to return ion the near term.
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Natural Gas is expected to see an upside climb, while WTI crude oil sees the probability of a dip below the key %50 handle, according to Francis Hunt of The Market Sniper. Francis explains through technical charts how it is too soon to call a bottom in oil prices. The pattern formations have failed, so the outlook remains more cloudy. There is high chance that oil dips lower to form new lows. On Natural Gas, he explains the behaviour in prices during times of crisis events. Francis further shares the outlook for DAX and the FTSE 100, noting that the Footsie will likely underperform ahead versus the DAX. Francis’ outlook and trade calls for Commodities and Equity Index WTI failed to hold the $60 line. Probability of a sub $50 move does exist. Bullish on Natural Gas Natural Gas looking good for a range-trade. Trade call: Buy at 2.75, 3.4 remains the target – Technical Analysis DAX – Plenty of fightback left Pull back has been moderate, DAX remains in the long-run bull-trend. Might see a continuation pattern to the topside. EUR weakness might pour in more buyers. Outlook: Upside expected FTSE: underperforming on weighing commodities and GBP strength. Reverse currency effect seen in the index. Outlook: Might continue to underperform versus DAX, as commodities are expected to soften.
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Introduce Yourself Here - Don't Be Shy!!
lukepearson replied to trading4life's topic in Beginners Forum
Hi everyone, I am Luke Pearson and am new to traders laboratory. Have traded before and am looking forward to learning and contributing in discussions. From the UK.