Nov 28, 2016 - Weekly Tech Overview: Dollar Index (Updated)

Hi,
this is another weekly dollar update. It's even more interesting this time as bulls have to confirm breakout on weekly chart and that could be the challange taking intrtaday chart and upcoming GDP and NFP numbers into consideration.

We are still bullish medium and long term and if bulls confirm that breakout it could be just begining :)
Please check details on the charts below, enjoy:

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US Dollar Weekly charts:

Previous updates:

DX – Weekly Update

The next two weeks is going to be very interesting from dolar traders perspective.

Our previous DX update is available here.

Free Live Trading Room - Join Us here

Risk Events:

Clinton / Trump rumors, speculations, comments

2nd November – FOMC

4th November – NFP

8th November – Election Day

Also we have to remember  we may see some profit taking / loss booking before end of the year when liquidity is still ok ( think mid/end of November ). So it’s clear that even the greatest Technical Analysis may not work because of the factors could play bigger role.

Anyway, as you can see on the chart below, we have a trading range after strong rally and we expect continuation to the upside ( yes, we are still USD bulls medium and long term as long as we are above 91/90,80 based on weekly close ).

Short term – failure around 100 level  could be good reason to Take some profits with first suport around  96 ( mid-range) and the bottom of that range as critical one.

Please check our latest recorded Live Trading Room’s where we discussed short term possibilities on USDJPY and EURUSD ( and the short term Outlook is still valid ): here and here

Please let us know should you have any additional questions or you would like to discuss other crosses as well. We are here to help you, just contact us at: landoftradingATgmailDOTcom.

Happy Trading
Mr Price Action


DISCLAIMER: This material was created for informational purposes only and represents the Land of Trading team’s view of the past and current economic and capital market environment. It is not an investment advice and should not be viewed that way at all, and the creators of this material cannot be held liable for any potential losses resulting from trading, where despite this disclaimer someone would consider this material as an investment advice. All rights reserved ©2016. Contact: landoftradingATgmail.com

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Oct 30, 2016 - Weekly Tech Overview Dollar Index (2nd Update to Week 27)

DX – Weekly Update

The next two weeks is going to be very interesting from dolar traders perspective.

Our previous DX update is available here.

Free Live Trading Room - Join Us here

Risk Events:

Clinton / Trump rumors, speculations, comments

2nd November – FOMC

4th November – NFP

8th November – Election Day

Also we have to remember  we may see some profit taking / loss booking before end of the year when liquidity is still ok ( think mid/end of November ). So it’s clear that even the greatest Technical Analysis may not work because of the factors could play bigger role.

Anyway, as you can see on the chart below, we have a trading range after strong rally and we expect continuation to the upside ( yes, we are still USD bulls medium and long term as long as we are above 91/90,80 based on weekly close ).

Short term – failure around 100 level  could be good reason to Take some profits with first suport around  96 ( mid-range) and the bottom of that range as critical one.

Please check our latest recorded Live Trading Room’s where we discussed short term possibilities on USDJPY and EURUSD ( and the short term Outlook is still valid ): here and here

Please let us know should you have any additional questions or you would like to discuss other crosses as well. We are here to help you, just contact us at: landoftradingATgmailDOTcom.

Happy Trading
Mr Price Action


DISCLAIMER: This material was created for informational purposes only and represents the Land of Trading team’s view of the past and current economic and capital market environment. It is not an investment advice and should not be viewed that way at all, and the creators of this material cannot be held liable for any potential losses resulting from trading, where despite this disclaimer someone would consider this material as an investment advice. All rights reserved ©2016. Contact: landoftradingATgmail.com

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Oct 15, 2016 - (Video) Weekly Tech Overview Dollar Index (Update to Week 27)

Good evening,
it's a video update to our original Weekly Tech Overview from Week 27 available here

FREE Live Trading Room / Live Market Coverage click here

We were and we are still within USD bull camp over the medium and long term ( as explained before ). The speed of USD rally will mostly depend on USDJPY ( in our opinion right now ), as EURUSD has a good chance to test at least bottom of the range on weekly. Please watch the video for more details:

Please also check our EURUSD analysis here and USDJPY analysis here

Please let us know should you have any additional questions or you would like to discuss other crosses as well. We are here to help you, just contact us at: landoftradingATgmailDOTcom.

Happy Trading
Mr Price Action


DISCLAIMER: This material was created for informational purposes only and represents the Land of Trading team’s view of the past and current economic and capital market environment. It is not an investment advice and should not be viewed that way at all, and the creators of this material cannot be held liable for any potential losses resulting from trading, where despite this disclaimer someone would consider this material as an investment advice. All rights reserved ©2016. Contact: landoftradingATgmail.com

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NFP: Upcoming Friday US job data preview

Friday’s NFPs have become a highly watched event, as after May +38k figure, Brexit referendum impact and uncertainty in global economy they will definitely provide some hints whether Fed is really off with rate hikes until late-2017. Overall, market is expecting the number between +175k and 183k while the 3 month average is at +116k. 

You should bear in mind that the release of strong number may not be enough for Fed to act, due to above mentioned risks and the fact that Fed is in a wait-and-see mode. Actually, even Minutes from last FOMC meeting confirmed that as Fed officials opted for prudent approach while stayed divided about the pace of rate hikes. Strong number supported by pretty good June ISM Non-manufacturing, better Final Service PMI, and eventually very solid Q2 GDP (to be out end of July) may form a good base for Fed thinking again about rate hike this year. 

The uncertainty and at certain moments risk off attitude are still present in the market what is well proved by very low yields in US Treasuries. They didn’t even recover during after-Brexit risk-on rally, in other words the low yields erased completely the effect of Dec 2015 Fed rate hike.

As Dudley (Fed) mentioned on Tuesday, we need to be patient on rates because of low inflation and uncertain global economic outlook. According to him US economy is doing well on average and US political process may represent certain risks. Overall, they need to see more data as they do not know more as all of us do.

To get ready for a strong number, check our DXY ( dollar index ) weekly technical overview at: 

http://landoftrading.blogspot.dk/2016/07/weekly-tech-overview-week-27.html.

Data will be released Firday at 12:30 GMT:
NFPs: +175k-183k exp, +38k previous
Unempl. rate: 4.8% exp, 4.7% previous
Hourly earnings: 0.2% exp, 0.2% previous M/M
Hourly earnings: 2.7% exp, 2.5% previous Y/Y

Participation rate: N.A. exp. 62.6% previous 


Mr Hawk

DISCLAIMER: This material was created for informational purposes only and represents the Land of Trading teams view on past and current economic and capital market environment. It is not and shouldn´t been viewed as an investment advice and the creator of this material shouldn´t been hold liable for any loss resulting from action where despite this disclaimer someone would consider this  material  as an investment advice. 

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