Finchcliffe

Finchcliffe

I believe we'll see a drop in AUD against pairs this week, following the RBA Interest Rate Decision (Tuesday 7th Feb, 3.30am UK time). Fundamentally, inflation is about where RBA believe it will peak. RBA don't like to hike rates, a 0.25% increase is expected, which I expect is already priced in. This should mean that if the rate doesn't change on Tuesday, or is...

Finchcliffe

After the positive US news yesterday USDJPY broke out of the descending parallel channel it had been in for the past 12 weeks. I believe DXY is due either a retracement from its current impulse (back to around 107.4 (0.5 fib), or it will indeed completely reverse up based on fundamentals. If this is the case then UJ's breakout will likely become a big move to the...

Finchcliffe

I think we may see something like this from GU? Even though BoE hiked interest rates by more than Fed, Fed is still more attractive, and I believe there are more hikes to come from both but for now Fed still pays more in interest. US economy seems to be performing better than the UK. This week the IMF downgraded the UK, suggesting it will be the only "advanced...

Finchcliffe

I'm expecting AUDCHF to continue being rejected by the weekly resistance after a retest of the rising trendline, before breaking back below to continue the downward trend that it's been on for a couple of years. CHF 's world value remains very strong despite this recent short-term sell off and is risk-off. AUD is risk-on, which I believe will fall due to global...

Finchcliffe

This is my first idea (don't shoot me!). I'm thinking GBP is mega weak and EUR is on the rebound. I'm expecting a retest and bounce off the channel. This is what I'm going to do: Buy - 0.84750 SL - 0.84000 TP 0.88000