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Tag: EURUSD

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ON THE AIR with Futures with Ben Lichenstien

I ended the trading week this Friday morning on the TD Ameritrade Network talking as one of the guests on the Futures with Ben Lichenstein show. In light of the surprise resignation announcement of UK Prime Minister Theresa May hours before I went on, it isn’t any wonder that Ben and I discussed the Brexit, the implications of another prime minister resignation brought on by the Brexit, and what effects all of this will have on the forex markets.

We also talked about the rise of risk aversion in the markets and what that will mean for the U.S. dollar and Japanese yen as safe haven currencies. But the one safe haven that I did not mention this morning is the Swiss franc. Luckily, Dayo already wrote an analysis yesterday looking at the current trend in the $EURCHF. So read that and watch my interview below for an understanding of the new fundamental landscape in the forex markets heading into the summer trading months.

Lydia on TDA Network
Click the image to watch
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ON THE AIR with Futures with Ben Lichenstein

I kicked off the new trading week this Monday morning on the TD Ameritrade Network talking as one of the guests on the Futures with Ben Lichenstein show. Ben and I discussed the full gamut of fundamentals in the forex market for the Australian dollar, the euro, the Japanese yen, the Great British pound and the U.S. dollar.

Enjoy the interview below!

Lydia on TDA Network
Click image to watch
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ON THE AIR with Futures with Ben Litchenstein

? I was back on the TD Ameritrade Network with the Futures with Ben Lichtenstein Show bright and early this morning ?? talking Bank of Canada, Brexit and the U.S. dollar. Ben always asks the tough questions providing a great interview of insights for viewers.

It looks like the Bank of Canada did, indeed, back down off their hawkish rhetoric as the Canadian dollar is weaker after the monetary policy announcment. The U.S. dollar is starting to react a bit to that poor U.S. trades number but the market will likely keep a muted reaction as it waits for the spotlight event of the week, the U.S. jobs number. Don’t forget about the Canadian jobs report released at the same time. Another weak economic report just may send the Canadian dollar over the cliff for good.

Watch my full segment below:

Lydia Idem on the Futures with Ben Litchenstein Show on the TD Ameritrade Network
Click the image to watch!
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Euro Gaining Momentum Against The Dollar


The $EURUSD pair has moved both bullish and bearish since 2018 at an average of 200pips. The daily chart shows there has been rowdiness in the price movement. $EURUSD has been repeatedly oversold in May and August 2018. Price at several occasions touched the resistance level and reversed. The $EURUSD bears are more dominant since April 2018. Also, since the beginning of this year, the bears have been more dominant. Any attempt to begin a bullish trend, the bears take charge of the market.

Ichimoku’s future shows a downtrend, which is yet to give a reversal signal. In recent times, the price of $EURUSD has not shown an oversold position on the RSI. With price action, price is currently at 1.13746 after a bounce occurred. Now price is almost touching the Bollinger band’s middle line. If the candlestick crosses and closes above the middle line of the Bollinger band, then the uptrend might continue to reach 1.15068.



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ON THE AIR with Benzinga #PreMarket Prep Show

I got to open up the new trading month of February with the guys at Benzinga, just after the release of the US jobs report. The headline number smashed market expectations with the U.S. economy adding 304,000 jobs in the month of January. However, the more interesting number is the decrease in hourly earnings, which is a key indicator of inflation for the Federal Reserve. It makes us wonder if the Fed is trying to get ahead of deflation with its surprise shift in monetary policy just days earlier.

We also discussed the Brexit, monetary policy and what this all could mean for the euro! (Yes, of course, we talked about the GBP too ??) Watch the full interview below!

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EURUSD Begins A Bullish Movement

$EURUSD price movement has not been volatile for few months. For about 5 months, price has been ranging between 1.1811 and 1.1314. This is range about 500 pips. $EURUSD might be preparing for a major bullish movement. A bullish movement started in August and touched the resistance level before a change of trend downward. After this bearish movement, price rallied off the support level. At this point a head and 2 shoulders have evolved. This signals another move to the downside.

Trendlines A and B obviously have a breakout upward. If this breakout is not a fake-out, then $EURUSD might generate at least 250 pips to 1.1770. A breakout of the resistance level might be a major bullish movement. Price on the RSI already has repeatedly been oversold in June and August. This might be a good time for traders to go long on the $EURUSD.

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What I Wish I Said

I was honored today to be on @spz_trades’s last show on BFTD.tv with @NicTrades. @NicTrades is a superwoman who chatted markets in the middle of a power outage. She rocks. Some of her key observations for 2014 that I took away:

  • $AUDUSD to 0.9000 off the double bottom
  • $USDJPY to 112
  • USD lower and USD pairs higher
  • $EURUSD to 1.43
  • Correction in $SPX, $DAX and $FTSE
  • Stocks will have to rally on their own merit, not QE

I was clearly the student in the room and now in hindsight there are a number of thing I WISH I could say now. SMH. Face plant. So I’ll say them here.

  • I do see $EURGBP higher to 0.8600. I also still see heading lower in 2014 to 0.8000. It might happen way sooner than I imagined if current price action is any indication.
  • $GBPAUD is due a correction lower. Much lower. But if it were to correct to 1.7670 the 50% Fibonacci level, hold, and rip to new highs at 2.10, it would be the trade of the year.
  • Other great follows right now on Twitter for new traders that I didn’t mention: my traders list

I love that this blog gives me the opportunity to reflect on myself and remain true to who I am. I don’t know if it was nerves (Nic is a rock star!) or because I had company the night before, but I don’t feel like I came off myself today. Hopefully, you all can enjoy listening in on this chat about markets and trading for 2014.

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