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---Few releases will give us the time to analyze how economies will react to their current problems ---

By:   Nexum Capital Markets
  • 19-05-2008
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We now have the EUR/USD pair reaching over 1.5600 on this week’s first session. This is well higher than prices we saw last week. It seems that the market took the low reading on consumer confidence pretty serious and the better than expected housing numbers didn’t do much on their thoughts. Inflation is beginning to read within a comfortable level, which means rate cuts were not the big mistake many annalists talked about during the last few months, and on the other side of the pond this means rate hikes are off the radar for the time being.  Lets focus this week on anticipating what can happen on the next few weeks and months with the US economy and that of Euro Zone, this will lead us into getting our possible scenarios and finally having our plan in order to capitalize on great profits.


            The week has few important releases and most of them come in the first half of the week; Tuesday brings Euro Zone PPI and Zew Surveys for Germany and EZ. European growth has been struggling on the past few months and the ECB is being influenced by this into thinking a rate cut is possible, however the German economy has proved to be growing so that partially blocks this possibility. ZEW numbers will give us an outlook of what is happening both in Germany and Euro Zone, keep an eye on this one. Wednesday we get German IFO an the Minutes of the latest FOMC meeting; both these releases work the same way as those of Tuesday, keep an eye to analyze what is going on within the economy so we can anticipate to what can happen in the near future.


            EUR/USD is back in the channel in most of our graphs, this begins to look as a time where sideways trading is going to be our bread and butter for the upcoming days. This is not bad at all but we have to adjust our positions to take profits faster because no large movements are expected on the following days. Let’s focus on making a plan for the next few weeks, once we have our scenarios it will be easier to get profits into our pockets.


Have a nice week and please remember to focus and be patient.

Why Remain an Ordinary Investor, when you can become an EXTRAORDINARY one by Joining Us Today?E-mail us at:  info@nexumcapital.com

These are our Daily Predictions. For any question or suggestion don’t doubt and contact me at info@nexumcapital.com



HIGH: 1.5710

 

LOW: 1.5380

 

CLOSE: NFI



EUR/USD

            EUR/USD hasn’t set a trend yet. We’re now on sideways trading, take advantage of this and get in and out of the market repeatedly. Choose a side and use it wisely, don’t go in with long and short positions because eventually you’ll get trapped behind the wave. Use this short range period to evaluate how economies are reacting to what their central banks did. This will show us the path the pair will take on the following weeks and months. Be patient and remain focused.


Why Remain an Ordinary Investor, when you can become an EXTRAORDINARY one by Joining Us Today?
E-mail us at: info@nexumcapital.com


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All comments and opinions are solely those of the writer and are not in any way comments or opinions of Nexum Capital or its affiliates. Additional information is available upon request. Information in this publication has been obtained from sources believed by the writer to be reliable, but the accuracy, completeness and interpretation are not guaranteed and have not been independently verified.
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