News and Events | Savi Trading

AUDUSD nearing last weeks lows

April 28, 2014 I posted earlier about my view that AUDUSD had topped out, we have since seen further selling pressure as AUDUSD approaches last weeks lows at 0.9252. Update, AUDUSD has now traded last weeks lows.

Equity markets reaching record highs but will seasonal’s take it lower

April 28, 2014 Historically speaking there is a saying in the equity markets of sell in May and go away, last May we saw a 7% correction from the highs and the May before that close to a 10% correction. With the market focus being on the FOMC on Wednesday evening and then the non farm payroll data… View Article

All signs hint at further downside for AUDUSD

April 28, 2014 Back in march Golmans Sachs revised there outlook for AUDUSD, I would have to agree with this outlook as a slowing Chinese economy and a recovery in the US is likely to weigh on AUDUSD. For a while the technical’s indicated further upside, however now they hint at a top in place and a good risk reward… View Article

USDJPY having another look at the high

April 28, 2014 Last Fridays lows of 101.96 on the back of the escalation in Crimean has formed what looks to be a base for USDJPY the pair has now traded new session highs today and the next target for the bulls will be the 102.72. We have the FOMC this Wednesday evening that may course some volatility,… View Article

This week could be a double wammy for the EURUSD on the downside or a horrible short squeeze

April 28, 2014 The main events for the EURUSD this week will be the inflation data I mentioned earlier today and the non farm payroll data out this Friday at 1.30 GMT. Despite what is a tightening of monetary policy by the Fed the market seems to be waiting to see if this recovery has really got any legs. In… View Article

TRY expected to weaken further

April 28, 2014 TRY remained bearish against GPB, dropped to the support level of 3.5765 since last Thursday the Turkish Central Bank (TCB) decided to keep the interest rate on hold. According to the most analysts, the Lira has expected to weaken further in May and June, as inflation rate forecasts remained above the target rates of Turkish… View Article

The Gold has remained bullish against USD

April 28, 2014 The gold has moved up slightly to 1306 level. As tensions remained high over Ukraine, the precious metal price expected to rise to 1315 resistance level.

SAVI Tradings morning call 08.10 GMT 28/04/2014

April 28, 2014 https://attendee.gotowebinar.com/recording/4798458217673684993

Data-tastic

April 28, 2014 Good morning, A quick look across the markets this morning sees the the US$ lagging, selling against the Swiss franc as I type, and generally looking weak as the Euro and Sterling push ahead. Aussie is looking the more bullish of the Commoditiy Trio, more so against the Kiwi than the Loonie: the recent… View Article

Turkish Lira has strengthen after interest rate decision

April 25, 2014 TRY dropped to the support level line and touched the lowest support level of 3.5745 short after the Turkish Central Bank (TCB) decided to keep the rate on hold yesterday. Since then, it has started to weaken again. I believe that, Turkish Lira may need higher interest rate to avoid weakening further more.