MujkanovicFX

MujkanovicFX Dec 13, 2021

EUR/USD Full Analysis With markets focused on the upcoming FOMC meeting on Wednesday, the EURUSD is an important pair to follow this week. Rising inflation in the US could lead to a faster pace of tapering by the Fed. With the rising divergence between the Fed and ECB (ECB policymakers are possibly considering a temporary increase in APP), the pair has potential...

MujkanovicFX Aug 6, 2021

Hello traders and happy Friday. It's time for our weekly outlooks of major FX pairs. First on the list is EUR/USD. The pair moved sharply lower today after strong NFP numbers from the United States (943K vs 870K expected) helped markets to reprice their Fed tapering expectations. Hawkish comments from the Fed Vice-Chairman Richard Clarida that the US is well on...

MujkanovicFX Jul 26, 2021

The GBPUSD pair has interestingly managed to break the recent range in order to retest a horizontal resistance area , despite risk-off supporting the US dollar and market worries over the delta virus variant. However, one thing to note here is that new cases are dropping in the UK and hospitalization rates remain low => GBP strength intraday. With the USD focused...

MujkanovicFX Jul 26, 2021

Hi traders, here is today's daily outlook for EUR/USD. The pair didn't see a significant reaction following the ECB meeting, as market expectations were already set for a dovish outcome. The central bank confirmed that they will stick to their ultra-loose monetary policy until inflation rises to 2% "well ahead" of their forecast period, which translates to...

MujkanovicFX Jul 19, 2021

Hi traders, here is my full weekly outlook for EUR/USD. Fundamentals: Dovish ECB to send the euro lower The EUR/USD pair continued to trade in a narrow range last week as markets' focus shifted towards the July ECB meeting. Once considered a non-event, the central bank is about to unveil a new monetary strategy, with market expectations set for a dovish shift....

MujkanovicFX Jul 13, 2021

UTPs (Universal Trading Principles) are a set of trading rules you must not break. They cover entries, exits, strategies, and risk management. They form the backbone of your trading plan. Repeat these rules everyday, like a mantra, until you can recite them in your sleep. This will make you a successful trader. 1. Don't leave money on the table - I move my SLs...

MujkanovicFX Jul 13, 2021

Daily Outlook for GBP/USD with fundamentals, intermarket, sentiment, and technicals. Fundamentals: The UK announced that virtually all covid restrictions will be lifted by July 19, despite a rise in new daily cases (currently around 30k). However, hospitalization rates are expected to be lower than in previous waves as almost 90% of the UK population has...

MujkanovicFX Jul 13, 2021

Daily outlook for EUR/USD with fundamentals, intermarket, sentiment, and technicals. Daily outlooks are stripped down versions of my Weekly outlook posts, focusing on daily events and price-action, so make sure to check out the Weekly Outlooks as well. Fundamentals: No major reports from Eurozone today puts the pair at mercy of USD dynamics. On July 22, the ECB...

MujkanovicFX Jul 12, 2021

My complete weekly outlook for GBP/USD. Leave me a comment on how you would trade the pair, and please hit "LIKE" and follow for more trade ideas like this. Thanks! FUNDAMENTALS: After reaching fresh 2-week highs on Friday, the GBPUSD pair fell sharply overnight as the US dollar firmed with higher UST yields. Markets remain cautious on GBP as the United...

MujkanovicFX Jul 10, 2021

My complete weekly outlook for EUR/USD. FUNDAMENTALS: The euro staged an impressive comeback in the second half of the last week, backed by improving risk appetite and a weaker USD. As the FOMC minutes disappointed hawkish market expectations or eased concerns over a premature tightening (depending on how you look at it), the US dollar finally hit some bids...

MujkanovicFX Jul 9, 2021

🌐 MORNING MEETING & TOP TRADE IDEAS - JULY 09 🔴 GLOBAL STOCK MARKETS (MAIN CHART) Morning trader and happy Friday! It looks like investor mood is finally turning better after a wave of risk aversion in the last few days. Asia closed almost unchanged, but Europe turned green with the CAC 40 leading the pack (up 1.73%). US market futures are also turned bullish...

MujkanovicFX Jul 8, 2021

How to trade GBP/USD today. FUNDAMENTALS: The US dollar remained bid despite falling UST yields over concerns that global economic recovery is slowing down. The UK government is likely to go ahead with easing restrictions despite growing cases of Covid infections, which could prompt markets to reassess their bullish bias on the pound. However, as for now, the...

MujkanovicFX Jul 8, 2021

EUR/USD Daily Outlook FUNDAMENTALS: The euro has briefly managed to break above the all-important 1.18 mark due to the US dollar's strength ahead of the FOMC meeting minutes yesterday. However, the minutes of the June meeting came in less hawkish than markets expected as the Fed wouldn't rush into tapering. This has also calmed market fears that the Fed would...

MujkanovicFX Jul 8, 2021

🌐 MORNING MEETING - MARKET PREVIEW - JULY 08 🔴 USD INDEX The US dollar retreated from highs after the FOMC minutes release with the UST 2y-10y curve continuing its bull flattening. The falling yields suggest that the US dollar could see some selling pressure, at least against low-yielding currencies. However, with risk aversion present in the markets ahead...

MujkanovicFX Jul 7, 2021

FUNDAMENTALS: The JPY was one of the rare currencies that pushed higher against the US dollar during yesterday's risk-off mood, but the currency gave back some gains this morning as demand for the US dollar increased ahead of the FOMC minutes. Markets lack reasons to turn bearish on the USD, and the FOMC minutes will be a key event to follow this evening. ...

MujkanovicFX Jul 7, 2021

GBP/USD Daily Outlook. FUNDAMENTALS: The pound has held up against the USD fairly well as the UK government decided to further ease restrictions on July 19. This calmed market concerns over the new Delta virus variant and helped the pound limit losses against the US dollar. However, without any major domestic reports (except BoE Bailey's speech on Friday),...

MujkanovicFX Jul 7, 2021

Daily EURUSD Outlook FUNDAMENTALS: The weaker-than-expected ISM Services PMI was one of the reasons the market entered a risk-off mode and pushed the USD higher yesterday. EUR remains at the mercy of USD drivers given the lack of domestic drivers in the eurozone. Today's main event is the FOMC meeting minutes. Markets lack a reason to turn bearish on USD...

MujkanovicFX Jul 7, 2021

🔴 GLOBAL STOCK MARKETS Good morning traders. After yesterday's slight shifts towards risk-off (USD firmer and risk currencies softer), Asian markets closed mixed with Shanghai and Australia posting gains, but Nikkei and Hang Seng in the red. European markets recovered some ground after yesterday's sell off and trade in the green, with the DAX taking the leading...