News and Events | Savi Trading

Michigan consumer sentiment 81.6 vs 81.3 expected

February 28, 2014 Previous was 81.2

AUDUSD nearing overnight support through there we eye the 0.8902

February 28, 2014 As I type AUDUSD is testing through the key support and now breaking, keep an eye now on the mid week lows down at 0.8902.

With EURUSD testing key resistance USDCHF support comes in to play

February 28, 2014 We have traded below last Decembers low on USDCHF as low as 0.8789 with not much follow through, due to the peg USDCHF is very much the inverse of EURUSD, broad CHF demand has taken EURCHF as low as 1.2144, if this move keeps going all eyes will be on the 1.2129 and then 1.2128.

Candian GDP Q4 comes in at 0.7% vs 0.7% prior

February 28, 2014 GDP (MoM) -0.5% vs -0.2% expected GDP annualized (QoQ) 2.9% vs 2.5% expected Final domestic demand rose 0.3% in the fourth quarter Household final consumption expenditure advanced 0.8% Business gross fixed capital formation declined 0.5% Exports rose 0.4% in the fourth quarter

Long dollar traders get stung on month end flow and eurozone inflation

February 28, 2014 This mornings month end flow has caught some traders on the wrong side of some moves in EURUSD and GBPUSD, with EURUSD trading as high as 1.3812 with all eyes now on the 1.3832 October 2013 highs and then the 1.3893 December 2013 highs. GBPUSD also tried to break higher but ran in to large… View Article

The market is quieting down now, time to look at AUDNZD

February 27, 2014 I spoke earlier about AUDNZD trading the 61.8% fib for the move up to date, we have since bounced up from the 1.663 support now 30 pips higher, AUD has come under continued downside pressure of late and looks to overextended on the downside against the NZD. From a technical stand point this trade looks like a… View Article

Dollar pushing lower as Yellen talks

February 27, 2014 We have seen EURUSD and GBPUSD break higher now on the back of Yellen’s testimony with EURUSD clearing the 1.3695 resisatance I mentioned earlier trading as high as 1.3715, for the dollar bulls this offer a chance to get long the dollar with the dollar index retracing 50% of its recent move. GBPUSD has broken… View Article

Very little in the way of volatility following Yellen’s testimony.

February 27, 2014 e saw the dollar index break out on the upside yesterday with EURUSD being the biggest loser breaking through some key support, since then we have seen a reversal in the market offering traders looking to buy the dollar a good opportunity to do so. AUDUSD has come under downside overnight so I prefer adding… View Article

Yellen’s speach then next big event of today at 3pm (GMT)

February 27, 2014 We have the Federal Reserve Chair Jannet Yellen testifying on the economic outlook and recent monetary policy actions before the Joint Economic Committee, in Washington DC at 3pm (GMT). Up first is a prepared statement followed by the question and answer session. The market will be focusing on Yellen’s Rhetoric and will be looking for… View Article

US markets set to open in 3 minutes all eyes now on record highs

February 27, 2014 We have bounced off from trading record highs of 1859 in the cash market trading as low as 1834.2 wiht 1831.5 support just below. Should we break lower then next support comes in at the 1819.7 and then 1805.4, Yellen testifying is likely to give some volatility and the s&P is no exception.