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Some welcome price action in the Asia session – Hopefully sets the stage for an interesting open.
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morning all
a hawkish fomc is another excuse to buy usd if it was the same would be a non event …
eu : 1.1830-40 a good supply zone if anything goes whacky but i expect 1.1785 to hold a weekly close below 1.1682 will open the door to 1.12 area … remain for longer period of time in range and then will have a steep fall
gbp prefer to see the inflation data
buy usd against most majors except jpy for now
wishing ryan could provide us on puts and calls on the expires
I think its time to make u the ECB governor when draghi retires. u will surely doom the europe area with your dovish thoughts. 1.12 is an area which has not being visited for 1 year if i am not wrong
yes 1 year
And 1.03 hadn’t been visited for 15 years and 1.25 hadn’t been seen for 3 years Nach. Prices will go where prices will go 😉
Morning folks.
WTI`s fut`s still running and managing to cling on above $70, so, although they`re not giving me much uplift, they are very impressive sticking around here despite the OPEC news. I believe the real oilers have faith in this, so I stick.
called short CADYEN`s in the room last night, short from 86.721 as the Trump/NK/Sth K/Chaina news hit. Even the White House administration are split on China, so i`m going to hang in there with that trade for a while longer as markets float in and out of risk-on,risk-off.
Cable sellers printed a fresh low just now, Guppy is approaching a medium term upward sloping trend-line, Euro not collapsing, so a miss on UK CPI`s IF a miss comes could sink Cable. I`ll try and catch a ride if I can.
A lean week for me so far. held up by a few hefty CADYEN trades. No hurry though.
Best of luck all on this big UK/FOMC day. Let`s hope for a shakle-out of sorts.
Good morning gents,
I was out of sync yesterday, to optimistic. Trump has undone quite a bit of the positive vibes last night.
EM is suffering and their CB’s need to intervene, turning a USD rates’ induced shortage into a possible fully fledged risk off move.
The impact has been felt more on CHF than on JPY so far but if the blood letting continues, the 110 is clearly in danger on USDJPY and JPY crosses with it. EURJPY is close to the trendline support at 126.35/40 and GBPJPY at 147.45/50 . With the UK CPI data, this one will be decisive. I expect a serious test, even if CPI data come in line with expectations.
Watch those JPY crosses. Human nature mostly sees the glass half empty rather than full.
https://uploads.disquscdn.com/images/06a2b8ab374c3eda6e2427bbf2a998d653aa7a87898ff27921fd7a7c4f016a11.png https://uploads.disquscdn.com/images/2c35d3a76f801c36a0ee8ae56208ae856f27eb75c73f3fa5c30d4723ed49425b.png
Went short EURJPY after French PMI’s and added on German PMI’s , EURUSD 1.17 KO’s at risk, EURJPY broken. GBPJPY too but would like wait a little for the UK CPI’s .
Well…I’ve had a rather spiffing pip-fest so far today. Not often you gain advantage being around in the Asia session. ,,…..,,,, the graveyard shift as it is often fondly referred as.
Shorts in USDJPY, GBPJPY, EURUSD, EURNZD, EURAUD,
Taken part profits in the Yen trades.
Bitcoin a buy at 7850. target 9000
don’t see a reason to sell cable with this data. it has slightly disappointed. not a big disappointment. bought cable at 3350
Bleated morning all.
Bit late to the party today as it’s been a busy morning and I’m just catching up with my trades.
Not a great start for me. Left the 1.1700 level alone in EURUSD and took a small long in USDJPY at 110.03 instead. Got that all wrong. EU bounced and UJ got stopped. Them’s the breaks.
That’s all put me in watch mode for now because I’m not going to chase anything. The overnight drop though 110.50 tipped me out the remaining USDJPY long I had. I might rue not tp-ing more of my EURUSD short into 1.1700 but it’s a very small possie so I’ll just move my stop down to 1.1780 and be done with it if it goes.
I caught some chatterings about the amounts CB’s are intervening with so put together a post on it late last night. https://www.forexflow.live/2018/05/22/news/whats-the-bill-for-em-fx-intervention-so-far-and-should-we-be-worried
I really think this is something that needs close watching and that the market is not showing enough concern for. If nothing comes of it, great all round but if fears get stoked further, things could get very messy very quickly.
Spiffing day all.
1.1684 is a massive support for the euro and don’t expect that level to be breached till FOMC