Wednesday, February 19, 2014

Pre-FOMC mins Stat Arb Model Forecasts

Hello Traders,

Going into FOMC minutes my daily USDZAR, USDTRY, EURTRY AND DOLLAR INDEX models are indicating a slight bullish forecast. This forecast is valid for next 5-7 working days and I am expecting Dollar to pick up momentum on upside for this week going into mid-next week.(short term).

Also notable Kiwi daily stat arb has indicated exhaustion in uptrend and correction lower is due. Out of all the forecasts I like the USDZAR LONG trade 'smalls' at 10.90 stops below 10.80 for 11.20 types.

On the majors, few other pairs like EURUSD,USDCHF have indicated slight exhaustion in trend and support a mild Dollar rally. Will be surprised any major downside in Dollar today. 

best of luck guys



No comments:

Post a Comment