Short-Term Signal 24 Jan 18: No Trade Today
Comments: Signals continue to indicate weakness in the USD, but a combination of stretched readings and event risk today suggest caution. As such we suggest remaining square today. Below is our FX Majors’ Sentiment Analysis for your consideration. EURUSD Net movement in EURUSD was minor Tuesday...Justin’s Cause and FX – 24 Jan 18
Overnight Developments: Fed’s Jerome is a “Yellen in Disguise” – USD slips to new lows, UsdJPy below 110 Trans-Pacific trade pact, without U.S., to be signed in March -Japan. U.S. Senate confirms Jerome Powell as Federal Reserve chair. Job creator, or job killer? Trump angers solar...[Beta] FX Renew End of Day Signals Order Sheet 24 Jan 18
Currently in Beta Mode, FX Renew End of Day signals are trades based off our Weekly Trading Opportunities Report. Entry orders are set and trades are managed once a day in the hour after the US market closes, though there may be the odd time the...Newsflow Analysis for 24 Jan 18
What’s Due? UK Claimant Count and Wages NZD CPI What’s Expected? Regarding UK Employment, the market is expecting 5.4K vs 5.9K previous, with wages steady at 2.5%. Regarding NZD CPI, the market is expecting a slight decline from 0.5% to 0.4% QoQ A look at the...FX Renew Members Update 23 Jan 18
FX Renew Trading Tribe Members, Last week we executed two London Open Signals, which were both closed for profit. We also had a loss on a Newsflow Signal. Keep updated with the Signals Matrix for the End of Day signals. Blog post this week Formal Education...Short-term Signal Update 23 Jan 18: EURGBP
Further to this trade. Currency Pair: EURGBP Action: Cancel Order Comments: Weakness is entering GBP and today’s action is no longer favourable for our sell stop order....Short-Term Signal 23 Jan 18: Sell EURGBP
Currency Pair: EURGBP Action: Sell a 50% sized position on a break of 0.8761 Stop-loss Price: 0.8787 Profit Targets: 0.8748, 0.8731, 0.8712 Time Frame: Short-term Comments: Confirming our bearish weekly call, Friday’s upside rejection translated into significant selling pressure yesterday. Our first weekly objective was met as...Justin’s Cause and FX – 23 Jan 18
Overnight Developments: BOJ left rates unchanged but more importantly, previously said inflation expectations were weakening. Now raises view on current CPI and inflation expectations have been more or less unchanged. This caused the UsdJpy move from 110.92 to 110.55. US slapped steep tariffs on imported washing...Weekly Signals Update 23 Jan 18: EURGBP
Further to this trade Currency: EURGBP Action: Trail Stop to Entry (0.8809) Comment: Yesterday’s action progressed strongly in our favour, breaking through a key psychological level. Momentum remains in favour of further losses and as such we find it adequate to trail stop to par (0.8809)....
