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morning all
eurusd : level to watch 1.1740 and 1.1713 on the upside the supply zone 1.1810-30 and 2 weeks now saying wont be sustainable sell the rallies ..good cpi print and down we go
gbp usd will have a reality chek on wages levels to watch on the downside 1.3315 and 1.3249 … and dont think will break the range …so will provide good 2 ways buisness …
uj : 110.50 tough level to get be aware of false breakout that could occur than you have 111
still gold rally seller above 1300 …
and i remain dx dip buyer and no 95 is not the peak ….
trade update on my dax rally selling … taking profit will occur
Good morning everyone. Already posted similar in the chat room earlier. Now where are we going today? Closed short Cable overnight +37 pips. Anything could happen. I notice the gap then spike in DXY will that follow through?,My feeling is yes.UK Brexit vote and earnings data to the fore. Finger on the button at 9:30BST. Current target for Cable 13327 to 13305. Out at present now till London open. Looking for another entry.
Short uj @spot price sl-110.5 Buy the dip on cable euro as usual:)
Good morning
Choppy as expected. Scalping is the way to go
EU broke below TL and dropped only to recover it now. 100HMA @ 1.1785 and TL resistance @ 1.1815. Above will challenge recent highs.
Cable: stopped yest on GU for 20pips loss. Awaiting a good short entry post jobs report (expecting EURGBP to clear the 88.4 barrier)
UJ: Above 110.20. Next is 110.50-60 ahead of 110.85-111. leaning bullish here but just watching for now
EURCAD long (suggested earlier) got filled right at the TL 1.5260. Setting SL to entry to let in it ride free
Oil: cleared 66.3 will probably test 77.5
Gold still keeping an 8 $ range and maintaining an ascending triangle. Staying on the side till post FOMC tomorrow
DAX gaping up but rejected at the 61.8% at 12956 for now
Good luck All
Today: Short USDMXN 20.6000
From yday, bit underwater
Short USDTRY 4.5100
Short USDRUB 62.4500
Hi Marek . I was a bit optimistic to add to existing very sml short @ 20.65 . I’ll be patient though
Hey K. Do you have a target in mind? Im a bit reluctant to hold USD positions into FOMC tomorrow.
To the downside 20.27 was my first lvl to watch, stopped pretty close, so anywhere low 30s will do ahead of fomc. Need to leave some leeway on EM
Closed USDMXN 20.540
Added another USDTRY short 4.560 and closed 4.548
No need to be too brave into FOMC, still have USDTRY and USDRUB shorts
I’m holding off for now Marek on USDMXN, I’ll let the fomc flow by
Morning folks.
Still short DXY via a CFD 94.04
A pending WTI CFD long called in the room last week filled the 64.25.
Still longing EURUSD and took a late called in the room Guppy long 147.257.
Looking around so keep these ideas coming in.
Happy hunting this Super Tuesday. Gonna be another long day.
Great call on WTI
Why is E/U moving so much ?
It`s ranging Conor, helped by US 10`s giving up some ground, DXY filling the NK/US love-in gap up. Still all to play for, 2-way business. needs a break one way or the other
ok, thanks Si
This is very normal Conor ahead of major events. Neither bulls nor bears are usually willing to go “all in” before the announcements, so tight ranges prevail and small price range breaks end up short lived if they occurred.
Good morning traders.
The majors still seem to be in a bit of limbo still with no real directions making themselves clear. i’m not liking the look of the UK economy, and I’ll touch on that more in a post later today.
Two big data points today, UK labour report and US CPI. Both will have a bearing on central bank expectations. Unless there’s an absolute collapse in US CPI, the Fed won’t be swayed from any action planned for tomorrow but any drop in inflation will hit the expectation for the path of hikes. The price risk is greater for a miss than for a beat.
For UK data, wages is the factor as usual. Remember that the wages and unemployment rate are a month behind the claimant count so this data is for April. That encompasses the end of the financial year so can produce some skews in the wage data, and particularly with bonuses. Just something to keep in mind.
Trading wise, I might look to step into USDCAD shorts into the recent highs above 1.30 but will be scalping those levels and keeping it very tight. Some of the recent vol has dissipated so I’m more comfortable looking at trades.
I’ve a mind to short GBPUSD against recent highs too but will see what the data brings.
As always, I hope you all smash it to bits today. Good luck.
Hi all ,
That 1 am move knocked me out of my EURUSD unfortunately. I’ll wait till US CPI’s to re-enter a USD position, will be jobbing it in the meantime.
EURGBP just survived the night dropping. Tiny long with a reverse sub 89 going into the UK jobs data.
Looking to add small USDMXN to existing around 20.65, just missed it overnight.
Cautiously bullish risk with a rangy feeling this morning.
I stayed up a bit overnight for the Kim Trump thing.
– short UJPY 110.38
– long AUDNZD, short NZDCAD, more long term
– long GBPCHF that’s going nowhere fast.
– Added a short EURGBP 0.8814.
– Playing the DAX on the long side, in&out till the range is there or sentiment becomes clear
Scalping here and there. Hard to spot true sentiment. Tough week for trading this one imo
short eurusd at this level sl 1.1840
They coulda just called the day OFF! Awesome ranges really. For a while there, I thought my internet connection died lol
It was supposed to be a big day today…
I’ve seen some boring days before as I’m sure u did. But today we have a winner!
You mean to tell your 56K Dial Up Modem isn’t fast enough for today’s violent moves and through the ceiling volatility …
That’s exactly what I mean lol. Now cable trying to bring in some action, let’s see
Eying cable too (GJ as well)
I had a short order at the TL (1.3424). Missed by 5 pips! Doubt we’ll get another chance today. Gotta thank Gold for saving my daily expenses with that dip 😀
Bestman, time to buy cable ?
Time to call it a day Conor! I tried to short it today as i just told Ars and missed my entry by few pips. As i told you earlier, ranges will probably prevail so yehh one might buy 50’s against a drop below yesterday’s low @ 1.3346 and play the range. If not, then wait for the channel support around 1.3317 now and buy against 1.3301. I tried scalping yesterday’s break below 200HMA and got stopped. So no more smart moves today. Personally I’m waiting for tomorrow and highly considering buying a cable dip if it came since August rate hike expectations rose today. Good luck
Bestman, thank you, I guess cable is going to be very volatile now because of the vote
Yehh, if i was to trade it short term, cable is in a descending channel now on the 1H chart and the TL resistance is now around 1.3420. So selling rallies towards 1.34’s against that TL and targeting that channel support I mentioned above would be the favorite way to go until tomorrow.