Trading Outlook – Neutral

Posted On 13 Mar 2015

Tag: CHF, EUR, Money trading insights, US PPI and Core PPI

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Originally updated: 07:30

Trading Bias: Neutral

Currency pair: None

Current Sentiment: – Neutral

In today’s trading session I will be awaiting news flow to provide opportunities to get into the market as there is no clear sentiment.

Fundamentals:

The overnight session was relatively subdued as the calendar and newswires were light on market moving news. We could expect further weakness on the CHF pairs as we can expect the SNB to take some action on the EUR/CHF pair in line with their wishes to see the pair trade at 1.10. We have seen the USD pull back from it’s highs with the USD trading relatively range-bound after posting its best rally in over 6 years, which comes ahead of next weeks FOMC statement.

Technicals:

At this stage of the session, with limited news flow to present a reason to get into the markets I will be waiting for pairs to approach key levels of support/resistance and trade the overall trend in line with the fundamentals – this will of course be in conjunction with any news flow we have that provides the market with fresh sentiment and a reason to start getting involved in the market.

Other Market Moving News:

Looking ahead at today’s economic calendar sees the release of US PPI, along with Canadian Employment change and Unemployment rate – Make sure to keep an eye on these Canadian employment figures as they could provide a trading opportunity if they come out weaker than expected, as weaker data supports our bearish fundamental view.

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Source:: Trading Outlook – Neutral

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