Recent content by MahiFX

  1. MahiFX

    Market Summary and Pre-European Open, Technical Analysis

    The Daily Score for 19 December 2014 STRONG U.K. NOV. RETAIL SALES BOLSTERS THE CABLE, 1.5670 LAST Market Summary Mixed fortunes for the USD in trade yesterday as it gained further ground against the Euro (Eur/usd 1.2265 lows) but traded lower against the Cable after stronger than expected...
  2. MahiFX

    Market Summary and Pre-European Open, Technical Analysis

    The fed to exercise patience in normalizing monetary policy, usd lifts, eur/usd 1.234 Market Summary Fallout from todays FOMC meeting dictated market sentiment as the dollar continued its surge after the Fed replaced the “considerable time” forward guidance. The Fed added that the labor market...
  3. MahiFX

    Market Summary and Pre-European Open, Technical Analysis

    FOMC AND BoE MINUTES TO FEATURE TODAY, THIN LIQUIDITY SEES VOLATILITY RISE Market Summary Thinning holiday market liquidity has predicated some large moves in the majors during trade in the last 24 hours. The RUB had lost nearly 27% from its highs to its lows at one point, whilst the JPY surged...
  4. MahiFX

    Market Summary and Pre-European Open, Technical Analysis

    The russian ruble falls 10% on further oil price fallout Market Summary The tumbling oil price continued to dominate market sentiment in trade yesterday. The Russian Ruble was a standout victim as it fell ~10% to record lows of around 66.50 against the USD. The Russian central bank hiked the...
  5. MahiFX

    Market Summary and Pre-European Open, Technical Analysis

    Continued declines in key commodity prices continue to hurt the aussie, .8215 last. Market Summary Further selling pressure was heaped on the Aussie today in Asian trade as it fell to .8205 lows on the back of a combination of a continued decline in key commodity prices (WTI Crude Oil ~$56.25...
  6. MahiFX

    Market Summary and Pre-European Open, Technical Analysis

    The aud/usd trades down to .8214 on rba gov. Stevens comments, .8260 last. Market Summary Initial losses by the USD were quickly reversed in trade yesterday. The Euro fell from highs just shy of 1.2500 as the TLTRO (E130bn) take-up was weak, further raising the specter of outright sovereign...
  7. MahiFX

    Market Summary and Pre-European Open, Technical Analysis

    The kiwi and jpy outperform, rbnz reinforces tightening bias, .7800 last Market Summary Large rallies in the JPY and NZD have been the feature of trade over the last 24 hours. From lows near 119.90 against the dollar the JPY rallied to 117.72 in a repeat of the safe-haven buying seen a day...
  8. MahiFX

    Market Summary and Pre-European Open, Technical Analysis

    Heightened volatility sees the jpy surge to sub 118 against the usd. Market Summary Another wave of long USD profit taking swamped the market yesterday generating some large moves amongst the majors covered. The JPY rallied to ~117.95 against the USD (from 120.70 lows) as the market sought...
  9. MahiFX

    Market Summary and Pre-European Open, Technical Analysis

    The aud/usd falls heavily from .8543 highs to sub 84c, q3 gdp disappoints Market Summary The USD quickly regained the ascendency during trade yesterday as the market focused on Fed talk after the Fed Vice Chair Stanley Fischer signaled officials are closer to dropping the pledge to keep...
  10. MahiFX

    Market Summary and Pre-European Open, Technical Analysis

    Commodity currencies gain some reprieve, aud/usd .8533 highs, gold trades up to $us 1 Market Summary Reprieve for key commodity currencies as the oil price lifted from its lows and the gold/silver price’s also rallied sharply. (Gold up to $~US1221 highs from $1143 lows). A move lower across...
  11. MahiFX

    Market Summary and Pre-European Open, Technical Analysis

    Oil prices continue to plunge on opec, the usd rally resumes in earnest (usd/jpy 118. Market Summary A familiar tune during trade yesterday as the USD rally resumed. The Euro fell from highs of 1.2524 and trades near its lows (~1.2448) at 1.2460 currently having been helped lower by soft...
  12. MahiFX

    Market Summary and Pre-European Open, Technical Analysis

    The aud/usd sentiment continues to sour, .8480 lows from a .8565 peak Market Summary he USD slid against the Euro and Cable yesterday amidst long USD profit taking against these key currencies, this was aided by a softer than expected Michigan consumer sentiment reading (88.8 for Nov., vs. 90...
  13. MahiFX

    Market Summary and Pre-European Open, Technical Analysis

    The euro shrugs off a u.s. Q3 gdp uplift, the aussie sets fresh 2014 lows at .8514 Market Summary The Euro reversed early losses set shortly after the surprise lift in the second reading of the U.S. Q3 GDP which saw an upwards revision to 3.9% from the 3.5% initial reading. Both the U.S...
  14. MahiFX

    Market Summary and Pre-European Open, Technical Analysis

    Firm german ifo and ecb member comments help the euro lift (1.2425 last) Market Summary The Euro continued to firm off its repeat 1.2360 2014 lows during trade yesterday as it rallied from around 1.2380 to 1.2445 highs after the German IFO posted its first rise in seven months, exceeding...
  15. MahiFX

    Market Summary and Pre-European Open, Technical Analysis

    Charts Thank you for your feedback! Sorry took a few days off from posting the Daily Score on this site but it's always available Monday-Friday on the MahiFX Blog if you wish to read it there. ^MMF for MahiFX
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