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Easymoney

EURUSD easy money policy reversal trade beginning to failThe EURUSD strength after the FOMC sounded less hawkish is running out of steam. The consolidation of EURUSD in the first week of April shows the market has digested this new policy line from the Fed - consolidation above recent highs. The future direction now depends on who moves next? France and Italy are showing weakness in consumption and that is too significant for Draghi to ignore. He has set a precedent of trying to weaken the Euro at each opportunity. To not continue this easy money policy in the face of continued GDP risk will surprise the market and send the Euro much higher given the recent easy talk from the Fed. Therefore I expect the ECB to give a strong message they are still willing to do everything to bring keep the currency low. If the EURUSD breaks 1.134 tomorrow then I am looking for a 1.122 target.
Short
by PaulCookson
1
Still Expecting Downside on OIL Still expecting OIL to continue sliding lower. If we can keep below $40.05-$37.68 resistance then it is very likely we will fall lower. Of course the $28.10-$27.54 support zone is vital as we had strong buyers stepping in and buying here. Below that support it is lower prices for oil with the target of $25.13 - $23.61. I have been short a long time on OIL. Added more shorts to my portfolio on the jump up towards the end of the week. Will continue to add as we enter the red zone of $37.68 - $40.05 as I do expect further downside. Just a waiting game now.
FX:USOILShort
by GordanGekko
1
Monday Funday: CAI Pennant Pop; Strong Risk-Reward (8:1)This is one of my favorite trades. A clear pennant forming which will be looking to break around 2/3's the way through the triangle(that's my general rule of thumb, the more it trades into the apex the less decisive and powerful the break). Easy to read upside, a nice tight stop, with a good risk-reward. In addition the stock is relatively small and nimble, and lacks incessant news coverage which tends to dull technical patterns. How to trade it? - I would buy in half at $24.00, with a stop in at $23.54 below any solid support/50 ma. Roughly a 2.2 risk-reward into the upper resistance. Stochs look oversold and ready to turn around. - A break here and I would buy in my second half, confident with my cushion below me. Be sure to look for a surge in volume to break the volume downtrend and confirm the break. Don't be surprised if it comes back down to retest as support. A full measured move of the base takes CAP to $27.60 for a whole trade ratio of about 8.1 - Given a breakout, a liberal trailing stop would be a good idea. $3.60 up to $0.45 down in a perfect world, cant beat that.
CLong
by BeardTech