Briefing quotidien | Sharp Trader

Nov252015

Daily Briefing- US Futures Higher ahead of FOMC minutes

EUR/USD:This pair is trading in a downward channel on 4 hour time frame. The next support is near the 1.0528 level and the resistance is 1.0899. USD/JPY:The pair has formed an ascending triangle pattern on a 4 hour time frame. The near term support is at 122.20 and the resistance is at 12.52. GBP/USD: The pair is trading below its downward trend line on a 4 hour time frame.The next resistance is near 1.5405 and the support is 1.5009.

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What is impacting Airlines, Crude and Metals

Crude oil and precious metals have both spiked higher after the attacks in Paris. The reasons behind are very simple- more uncertainty and less clarity what will happen after these events. France has sent its fighter jets to Syria and traders are angst that perhaps this will disrupt the oil supply. Hence we have a major spike in crude today and there is very little signs of fading this rally for the time being unless the geopolitical situation eases off.

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Nov252015

Daily Briefing- European Futures lower ahead of German GDP data

EUR/USD:This pair has bounced back up from its low of 1.06749 and completing its triple bottom pattern on a 4 hour time frame. The next support is near the 1.0731 level and the resistance is 1.0899. USD/JPY: The pair hasn’t taken out this week’s low of 122.70 continuing to hold onto gains made after NFP data last week. Short term resistance is seen at 123.60

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Nov252015

Daily Briefing: FED Chair Yellen and ECB President Drahgi to speak today.

EUR/USD:This pair has traded in a sideways direction since the very good US NFP numbers on Friday. The range this week has been between 1.0670 & 1.0790, with ECB President Mario Draghi currently speaking the EUR is selling off again and on its way to 1.07. USD/JPY:The pair hasn’t taken out this week’s low of 122.70 continuing to hold onto gains made after NFP data last week. Short term resistance is seen at 123.60.

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Daily Briefing: Draghi to speak later today.

EUR/USD: The pair remains under pressure having traded down to 1.0673 yesterday. It recovered somewhat in the US & Asian session but only as far as levels hit the previous day and is currently trading this morning around 1.0750. ECB President Draghi is expected to speak later this afternoon. USD/JPY: The pair didn’t trade past the 123.60 level hit on Monday and has since retreated further in the Yen’s favour, breaking the big figure support of 123 and trading down to approx. 122.7. No news is expected during the next few sessions on either the Dollar or Yen. GBP/USD: Sterling seems to be recovering stronger than the Euro versus the Dollar. It broke back above previous resistance yesterday afternoon of 1.5017 and remains above that level today opening the way to 1.52 and above.

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Nov252015

Daily Briefing: No recovery in sight for EURO.

EUR/USD: No recovery in sight for the EUR when looking at the charts, yesterday seen the EUR trade up above 1.078 but only briefly as it was heavily sold at these levels and quickly retreated back towards 1.0720. At the time of writing the pair was trading at 1.0730. USD/JPY: The pair didn’t trade much higher from yesterday morning, tailing off just below the 123.60 level, the near term support of 123.31 didn’t last long after that. Support is now seen at just below 123 and this could easily be tested and taken out in today’s trading.

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