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keep things light for now the market is poised for the next move don’t be caught up in the wrong side
still believe dx is well supported
so buy usd dips against most majors except jpy
remain an eu rally seller
good day all
buy ej stop below 00
got 31, having 10 pips, moved stop to b/e
https://www.youtube.com/watch?v=kUsFWO08CO0&index=3&list=RDGMEMQ1dJ7wXfLlqCjwV0xfSNbAVMevyKPVS_M7E
Good morning gentle people ,
-Short small EURJPY 128.72, GBPJPY 146.92 from last night, ongoing trade woes and geopolitics should keep a lid on the JPY crosses. For additional risk on/off barometers we looked at EM the past few days, but they’re starting to diverge from each other . MXN is dealing with Nafta, TRY with Erdogan. ZAR? Good question. It really capped strongly at the 12.86 resistance and since then came off nearly 4% even though oil has topped out and with the rest being weak. If anyone has an insight, please be welcome.
-Long EURCHF 1.1641.
Been discussing the CHF move and the steadiness of the recovery in the live room. It smells very much like it had the help of the famous basketball player so I want to test that theory, in which case we should be holding the 1.1600/25 handle. I’m planning to transform it into USDCHF if reason there is to offload the EURO side.
-I was short a left over EURUSD but just got done on that one back through 1.1725. As long as 1.1675/80 holds I am going to trade a range of which the topside should be confined to 1.1775/90 unless something bigger unfolds. The European data being what they are we shouldn’t really run away to high, my bias remains to trade it from the short side.
And I forgot my small long AUDNZD from 1.0902 is still (surprisingly) alive
I like EY short as well but a little bit higher than your levels. Feel like she might bounce a bit more with + claims & maybe ecb speakers hand in hand with a slight and messy eurusd relief bounce (if the 1730 break sticks). Im looking at closer to 129.2 your thoughts?
Hi Red , sorry delay, I was shorter yesterday during the day but took a fair bit off in the 128s and indeed looking to add on bounces to 129.20/40 where the break occurred. In case we don’t make it there any more I want to be in it already for a bit now.
There’s not much good news out of Euroland these days and the trade uncertainty and geopolitics, EM woes are adding to the weight of crosses such as EURJPY. So definitely I’m in the bearish camp for now.
Morning folks.
After a great 48 hours of little sleep making hay off the back of all the shenanigans surrounding US/China/NK and all that stir, I am flat and taking a breather, apart from WTI`s long. So I am waiting for UK prints to stir things up again, if indeed they can. Mixed thoughts on the Fed last night. Some sat steady as she goes, some say very dovish. Surprising to hear that plastered all over CNBC last night.
Took a daft long NZDJPY late yesterday. Stopped out smalls, so I need to find a victim and retrieve that.
I agree with Harry below. Market is poised. needs the next catalyst. USD making it`s mind up.
Good luck with your trades and thoughts.
OK, so we`re waiting for a catalyst. What do we have today?
Eurogroup meetings and the ECB publishes it`s accounts of Mon-Pol meeting. We`ve had the Fed confusion. I`m sure the ECB can add some more of that at 11:30GMT.
US jobs should be a dampener.
US house prices and Existing Home Sales shouldn`t have much to say to move things other than a few equities.
Fed` Bostic speaks at the same time as the BoC review around 14:30GMT. Might bust a few small moves if Bostic sticks to the plan 😉
BoE`s Carney speaks at 17:00GMT. That is the most likely as he speaks at the Bloomberg Markets Forum. The focus for that speechis on re-building markets infrastructures together with the risks and challenges for the future and switching to the new Sonia benchmark. He will be asked pointed questions no doubt, so he might thrwo somethin into the mix.
Lastly, Fed`s Harker speaks at 18:00GMT. Known for dropping subtle clues only.
With all that in mind, I believe that POTUS is more likely to move things with a choice tweet or 2 and some kind of kick-back on trade negotiations. he is clearly not too happy with things as they stand. He will show his hand and sooner than later. watch that space.
wow you are thinking too much for your age. only the ECB minutes of meeting are imp. rest is all shit
I think Si pretty much hit it spot on calling a Potus move today 😉
He sure did. That’s experience for you, always looking for the risks and where the unexpected can happen.
A wise man once said that luck is where preparation meets opportunity 😉
I learned that you make more money by looking ahead for an opportunity than when reacting to one