{"id":19572,"date":"2011-02-18T06:44:48","date_gmt":"2011-02-18T11:44:48","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=19572"},"modified":"2011-02-18T06:44:48","modified_gmt":"2011-02-18T11:44:48","slug":"pepperstone-trading-desk-forecast-14-feb-18-feb-2011","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/02\/18\/pepperstone-trading-desk-forecast-14-feb-18-feb-2011\/","title":{"rendered":"Pepperstone Trading Desk Forecast 14 Feb \u2013 18 Feb 2011"},"content":{"rendered":"<p><strong>US Dollar.<\/strong><br \/>\nOur bias NEUTRAL, we\u2019re on the sidelines until a clearer picture emerges.<\/p>\n<ul>\n<li>U.S. Dollar recovered sharply against all G10 counterparts last week<\/li>\n<li>Slew of U.S. eco  data this week includes; Retail Sales, TIC Long Term Purchases, Building  permits, Producer Price Index, FOMC Meeting Minutes, CPI &amp;  Unemployment Claims<\/li>\n<li>Fed Chairman Bernanke has little intention of reducing QE2 amid sluggish employment growth<\/li>\n<li>Greenback may have established an important low against Euro Dollar, Sterling &amp; commodity currencies<\/li>\n<li>FXMW strategy is to sit on sidelines for a clearer picture to emerge e.g. NEUTRAL.<\/li>\n<\/ul>\n<p><strong>Euro Dollar.<\/strong><br \/>\nOur bias BEARISH, we\u2019ll be looking to sell the Euro on rallies.<\/p>\n<ul>\n<li>Potentially major market moving data due this week with German &amp; Euro-zone 2010 4Q GDP reports<\/li>\n<li>Market will look to Greece, Portugal &amp; Ireland GDP prints for insight to Euro-zone fiscal concerns<\/li>\n<li>Axel Weber confirms stepping down from Bundesbank on 30th April<\/li>\n<li>Close below 20 SMA significant<\/li>\n<li>FXMW strategy to sell rallies into 1.3650-1.3700 or enter short on confirmed close below 1.3550 e.g. BEARISH.<\/li>\n<\/ul>\n<p><strong>Japanese Yen.<\/strong><br \/>\nOur bias BEARISH, we\u2019ll be looking to sell the Yen on rallies.<\/p>\n<ul>\n<li>As U.S. economy stabilizes, Yen expected to lose ground.<\/li>\n<li>Japan 2010 4Q GDP report due Monday BoJ rate decision due Tuesday<\/li>\n<li>USDJPY current price testing January highs<\/li>\n<li>USDJPY remains well bid on dips to 82.00-82.50.<\/li>\n<li>FXMW strategy to sell Yen rallies e.g. BEARISH.<\/li>\n<\/ul>\n<p><strong>British Pound.<\/strong><br \/>\nOur bias NEUTRAL, we\u2019re on the sidelines until a clearer picture emerges.<\/p>\n<ul>\n<li>Cable tested 1.6000 into Friday close<\/li>\n<li>CPI due Tuesday, BoE quarterly inflation report Wednesday plus U.K. employment, Retail Sales due Friday<\/li>\n<li>CPI holds above governments 3% limit<\/li>\n<li>This weeks data likely to force BoE hand<\/li>\n<li>Credit Suisse Overnight Index Swaps show BoE to increase rates at least 75bp in next 12 months<\/li>\n<li>BoE facing tough decision balancing risk of inflation vs. weak economic growth<\/li>\n<li>FXMW strategy is to sit on sidelines for a clearer picture to emerge e.g. NEUTRAL.<\/li>\n<\/ul>\n<p><strong>Canadian Dollar.<\/strong><br \/>\nOur bias BEARISH, we\u2019ll be looking to sell the Loonie on rallies.<\/p>\n<ul>\n<li>Strong USDCAD push into Friday close<\/li>\n<li>Loonie price action likely influenced this week by U.S. data &amp; risk sentiment<\/li>\n<li>Canadian CPI due Friday<\/li>\n<li>Credit Suisse Overnight Index Swaps pricing in 83 bps of rate hikes over coming 12 months<\/li>\n<li>FXMW strategy to establish long USDCAD position at Monday open e.g. BEARISH.<\/li>\n<\/ul>\n<p><strong>Australian Dollar.<\/strong><br \/>\nOur bias BEARISH, we\u2019ll be looking to sell the Aussie on rallies.<\/p>\n<ul>\n<li>AUDUSD broke below parity during Friday trade RBA Stevens says central bank not contemplating rate hike at the moment<\/li>\n<li>Recent natural disasters may lower 2011 Q1 GDP by 1%<\/li>\n<li>Credit Suisse Overnight Index Swaps, pricing in one 25bp rate hike for the next 12 months<\/li>\n<li>FXMW strategy to sell Aussie rallies to 1.0065-1.0090 level or short on confirmed close below 0.9950 e.g. BEARISH.<\/li>\n<\/ul>\n<p><strong>New Zealand Dollar.<\/strong><br \/>\nOur bias BEARISH, we\u2019ll be looking to sell the Kiwi on rallies.<\/p>\n<ul>\n<li>Finance minister English says NZ economy might have contracted in 2010 4Q<\/li>\n<li>Technicals point to NZDUSD sell-off<\/li>\n<li>Retail Sales due Monday<\/li>\n<li>FXMW strategy to sell rallies into 0.7640-0.7700 area or short on confirmed close below 50 SMA e.g. BEARISH.<\/li>\n<\/ul>\n<p><a title=\"Pepperstone\" href=\"http:\/\/pepperstone.com\/\">Pepperstone<\/a> is proud to have Market Forecasts provided by\u00a0<strong>FX Market Watch<\/strong>.<\/p>\n<p><a href=\"http:\/\/pepperstone.com\/forex-news\/wp-content\/uploads\/2011\/02\/image001.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-21 size-full alignnone\" title=\"image001\" src=\"http:\/\/pepperstone.com\/forex-news\/wp-content\/uploads\/2011\/02\/image001.jpg\" alt=\"\" width=\"249\" height=\"72\" \/><\/a><a href=\"http:\/\/pepperstone.com\/\" target=\"_blank\"><img decoding=\"async\" src=\"http:\/\/pepperstone.com\/images\/emailsig\/logo.png\" border=\"0\" alt=\"Pepperstone Logo | Metatrader 4 FX Broker\" width=\"200\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>US Dollar. Our bias NEUTRAL, we\u2019re on the sidelines until a clearer picture emerges. U.S. Dollar recovered sharply against all G10 counterparts last week Slew of U.S. eco data this week includes; Retail Sales, TIC Long Term Purchases, Building permits, Producer Price Index, FOMC Meeting Minutes, CPI &amp; Unemployment Claims Fed Chairman Bernanke has little &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2011\/02\/18\/pepperstone-trading-desk-forecast-14-feb-18-feb-2011\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Pepperstone Trading Desk Forecast 14 Feb \u2013 18 Feb 2011&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-19572","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/19572","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=19572"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/19572\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=19572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=19572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=19572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}