Tag Archives: NOK/SEK

FX Trading Ideas to Play This Week

RBS is out with a note outlining some tactical FX trading ideas to play this week.

The common currency ended last week on a negative footing, with especially EURJPY looking very vulnerable to continued selling.

4th of July celeb’s in the US. Well eventful was perhaps an understatment…

EURUSD: The pair moved down to 1.3641 before bouncing back a bit.

EURUSD: So far at least a minor attempt to form a peak noted. Thesmall rejection from above the 1.3686 equality point and

EURUSD: The first step of yesterday’s outlined scenario, the move upto 1.3678/86, has been taken so now it remains to be seenwhether the second one,

EURUSD: After Thursday’s downside failure the buyers were in thedriver’s seat Friday and the week ended on a positivefooting.

In Sweden all focus will be on the monetary policy announcement Thursday at 09:30CET. Anything but a rate cut from

EURUSD: Basically all intraday initiatives fails (spikes on both sides)and yesterday were no exception trying lower but

EURUSD: The attempt to rise above the 1.3644 resistance was sooncaptured and the market thereafter returning back into itsprior range.

EURUSD: For the fourth consecutive day the market ended basicallyunchanged but with intraday spikes on both sides.

EURUSD: Bear triangle still at play. As previously outlined more meandering is expected duringthe beginning of the week.