Archive for September, 2013

Speculative Trade Friday 9.27: GBPAUD

by Christopher Lemieuxon September 27, 2013 6:54 pm GMT
This speculative trade is looking to play continued US dollar and Australian dollar weakness and Pound strength. There is key Australian data out Monday, retail sales, and Tuesday, cash rate report. Also, China reports their manufacturing PMI. The latter is likely to be positive for the Aussie dollar, but retail sales and the Reserve Bank […]

Goldman Sachs is Betting On A Weaker Dollar, Are You?

by Christopher Lemieuxon September 27, 2013 6:00 pm GMT
The Federal Reserve shocked the markets, but not those at Forex Root, when the FOMC minutes indicated there would be no “sep-taper” as most analysts foreseen a $5-10 billion dollar cut in bond purchases. Now the market may catch on starting with Goldman Sachs. The firm expects a taper in December of $10 billion (mind […]

Crude Falls As Middle Eastern Tension Lessens

by Christopher Lemieuxon September 24, 2013 5:33 pm GMT
WTI crude falls to the lowest point in over six weeks this session as the treat of a U.S. strike on Syria lessens. However, President Obama and Iran’s Hassan Rohani will meet in regards to Syrian action and Iran’s nuclear program today at the United Nations. Positive talks aiming to resolve conflicts will only gain […]

GBPUSD and USDJPY Intraday Outlook 9.24

by Christopher Lemieuxon September 24, 2013 9:34 am GMT
The Pound-dollar seem to have feel from grace as it made its steady decline downward from the highs made last Wednesday and has given back most of the gains made from 1.5964 to 1.6161. The 4H chart on GBPUSD looks to have broken a descending triangle to the downside after the recent BBA mortgage data […]