A good German IFO numbers has reduced the Selling pressure on Euros.,
The weak US Housing Data will boost the prospect of Further Easing Measures from the Fed, resulting in the halting of Risk aversion in Dollars Trades, thereby limiting the growing strength of the Dollars.
And in my opinion, Strength of Chf and Cad and JPY will continue to being lifted higher near terms due to aggressive Risk Aversion. But CHF may not be my preferred trade due to imminent SNB's intervention. GBP may be lifted in tandem with the "feeling good " sentiments on Euros near term.
Gold will retest the 1240 resistance, and eying the 1270 near term
NZD/J and AUD/J ,, -their downsides remain intact
USD/J ----its downside remains
U/CAD --- is to test 1.2000 near term
GBP/U -- may be retesting 1.5000 short term due to good sentiments on Gbp , coupling with good German IFO data.
Euros/ Usd ---- may be trading in the range 1.2700- 1.2800 near terms
No comments:
Post a Comment