Forex Trade setup AUDUSD
I was waiting for a signal in AUDUSD today
Forex scalping charts and signals
The forex scalping target is achieved and we are trailing +25
There was some help from insider trading section of the forum for this .
Fiestly it was the
Forex option expiries for the 10am (15.00 gmt) New York cut – Big AUD options stand out from the pack today
Thu 16 Jul 2015 04:37:51 GMT
Author: Ryan Littlestone
Here’s today’s options board
0.7300 (3.8bn), 0.7380 (680m)
121.25 (654m), 121.50
122.00 (1.34bn), 122.50 (643m), 122.65, 122.70
123.00, 123.30, 123.50 (722m), 123.95
124.00 (1.35bn), 124.15,20,25,30
Second was the Quant Signals From Barclays
Market sentiment has taken another boost off the news that the Greek parliament has passed through the proposals necessary for the bailout to go across to other Eurozone parliaments to vote on now. The series of tax hikes, spending cuts and pension reforms did not pass through cleanly whilst civil unrest returned to the streets of Athens once more. Attention now turns to the ECB and whether it will increase the Emergency Liquidity Assistance above the existing €89bn ceiling which has resulted in the closure of the Greek banks for the past couple of weeks. Mario Draghi’s press conference today could have an added element of spice to it if the ECB denies the increase leaving the banks shut as they continue to run out of money. Furthermore, there is the need for “bridging finance” of around €7bn so that Greece can meet its debt repayments in the coming days (notably €35bn to the ECB on Monday 20th July.
Equity markets in Europe have jumped early today on the news of the Greeks passing the bailout deal, coming after Asian markets were also positive overnight. Wall Street closed very slightly lower (S&P 500 down by just shy of 0.1%) as Janet Yellen once more re-iterated her expectation that it would be appropriate for the Federal Reserve to enact its first rate hike this year. Markets appeared to be comfortable with this assertion.
In forex markets the dollar strength is gradually coming through once more, helped by the Yellen comments, even if there is no decisive move in early trading today. The Kiwi is once more the major currency under the biggest pressure, with no fundamental newsflow attributed.
Today the market will turn attention to the ECB, with not only the decision over emergency financing of Greek banks, but also the ECM monetary policy and also Mario Draghi’s press conference. There is no expectation of any change in policy, but the press conference as ever will be something to keep an eye on with focus surely to be on Greece. Other than that, the final reading of Eurozone inflation is at 1000BST which is expected to be in line with the flash at +0.2%. Also weekly jobless claims are at 1330BST and are expected to show a slight improvement to 285,000 (from 297,000 last month).