Trading Room: New York Session

[alisha_nabila]

Assalamualaikum everyone,

For your information, we would like to give a free Daily Summary for Forex trading 'New York Session' to you.

Hopefully, what we share will be beneficial to all of you!

Final words from us, good luck!

 

[makaro167]

US numbers appear to have reinforced the hawks camp on the US policy debate as once again jobs gains remain strong at 215K against a 206K consensus with the previous numbers revised slightly higher. Sure the Unemployment Rate unexpectedly bumped up to 5.0% but another way of viewing this is more people have opted to return to the job market which can only be seens as a good thing. For now though we have already seen or are nearly there as far as ranges go in most pairs so the remaining question for us is what will Euro do? A break of the daily pivot at 1.1367 could herald a mean version play going into next week but the price has proven to be a tough nut to crack.

 

[makaro167]

NY Session Wrap

After buying up the greenback earlier in the trading day we are seeing an across the board pull back close to an hour into the New York session as traders capitalized on mixed results to cap the days extensive gains. That said we appear to have a bullish tone heading into Wednesdays release of the FOMC minutes while the charts have Cable and Aussy in an interesting scenario with head shoulders and double top triggers getting near.

 

[makaro167]

NY Session Wrap 4/06/16

Once again the opening of New York markets has seen a clash of opinions from Europe and the US as currency players see winners looking to end the day while fresh in the office NY traders look for new trades. The Yen pairs in particular saw that sudden bounce though few were able to make much of it lacking a follow through but serving notice that the bears have lost control for the moment. Of these taking center stage has been GBPJPY which has already flirted with the lows from February 24 with little excuse to see it rally.

 

[makaro167]

NY Session Wrap 4/08/16

After an exciting week markets are set to close with a whimper with action going into the US session mostly tight with the US calendar looking light. Still the open has seen some demand albiet limited that it might as well have been market noise. This said Iw ould point out that the lack of range so far can be seen as an opportunity suggesting that any breakout at this point may actually be an excuse to join the fray.

 

[makaro167]

New York Session Summary 4/11/16

After a boring start for the day currency markets finally saw some action with the NY folks joinig the fray though that action saw a greenback that remains defensive across the board. We still have no new themes to pursue but the disappointment over just how much hawkish, more like dovish, the FED really is as prospects of any near term tightening remains more a probability than possible. There is increased chatter of a possible BoJ intervention but current levels we believe still do not warrant such a drastic course of action.

 

[makaro167]

New York Sessionv4/12/2016

Currency markets were generally quiet until the NY Session got started coinciding with Philadelphia Pres. Patrik Harker going on wire before some local businessmen stating thus:

• Fed must be data dependent not data point
• Fed will move away from zero
• 25bps hike still accomodative
• very high bar before using negative rates

Ofcourse this is far from saying that there will be a hike before June after all with the next FOMC meeting on the 26th/27th of the month. For now the dollar is riding the HArker comments though we expect things to be quickly reigned in.

 

[makaro167]

New York Session Summary 4/14/16

We'll into the trading day and Euro remains caught in a tight range against the greenback held up by S1 for a support and the daily pivot at 1.1311. With daily consolidation breakout yesterday though, we will favor the short side of the pairs either coming off the said pivot or on a break of 1.1231/33 the days low and S1. Our critical point however will be 1.1145 from March 24 break of which opens the argument that a downtrend is getting started.

 

[makaro167]

New York Session Summary 4/15/16

The daily hanging man in USDJPY appears to have capped its bounce off the 107.64 lows as we saw the pair in retreat as jaw boning and other intervention threat subsides and concerns about the earnings season gather pace. It has been a full-day already for USDJPY players so we do not suggest taking any futher action on the pair though our focus is to see this heading for the 107.64 region in the coming week.

 

[makaro167]

New York Session Summary 4/18/16

With the European market nearing a close currency markets have surprisingly had an active day with most pairs seeing a full range with a few exceptions. Thus far Euro and Swiss Franc pairs have been tight seeing less than the daily averages for the moment we have EURUSD just under R1 from pivot and USDCHF looking to push back up above S1. Given these we remain interested in getting a rejection off 1.1318 looking for a break of the pivot at 1.1282.