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Friday. Not just any Friday……… NFP Friday.
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starting to grow white hair waiting for the ceiling i put yesterday to break 1.1713-1.1730
all in all 1.17 remains a magnet a run towards 1.1650 is expected ….
buy jpy dips in crosses and usd dips vs majors
job report is an excuse to buy dollar dips and other than this would be non event
dont be distracted by tariffs the goal is wto and oil and eur could be at real threat if they start paying oil with euros
lets goo belgium vs all except the mighty lions ..
EU is going up and how much it can move up.. I am on sell but have no idea when it will go down
be careful the market is fragile and confused any breakout upside is a false one and the trend will resume
You means to say that i need to stick with my sell and no need to be panic 🙂
where is your sell ?
1.1712
1.1698
1.1670
1.1657
till now you are a bit on the safe side but be careful
Ok Brother
Good morning all together, spent half a day outside Wimbledon village queuing for tickets with the in-laws yesterday and the other half standing up inside the courts as it was packed. Thanks but no thanks, never again …
Anyways , EURJPY is banging on the cross road as per my last night’s post. I went out and back in small short to respect the level, more than having the view re tariffs now. stop( maybe reverse depending) will be above this morning’s high.
As per yesterday’s tightened the leash on the USDMXN short; 19.10-19.47 oco. If not done today , Monday it’ll be one month this runs.
It’ll be US and Canadian employment reports watching, tariff points counting and Brexit White paper reading. I’ll be trading opportunistically without a major view right now with these levels in mind :
EURUSD 1.1670, 1.1630 – 1.1730/40 and 1.1790
USDJPY 110.15/25, 109.80 – 111.10, 111.65
Cable 1.3200, 1.3140 – 1.3290, 1.3310
USDCHF parity
AUDUSD 0.7370-0.7430
USDCAD 1.3050, 1.2950 -1.3210, 1.3280
Safe travels and happy hunting
GO Red Devils tonight vs the Brazilian samba dansers
Happy karaoke Friday
NFP day but I’m not expecting much from it. It would take some huge misses to bring a big move and I don’t see that happening. I think the best case is for a big miss on the headline number just to fade the kneejerk. In fact, any big moves from anything other than wages collapsing is potentially a good fade.
I’m still not doing much as markets aren’t doing much either. I’ve missed another scalp off the 1.1720/30 area but I’m getting increasingly concerned that a bid remains in EUR, if only due to light liquidity conditions. That could mean we see a little stretch to the upside. In that sense, I don’t see any moves being game changers, just the price going for a wander.
I had a little dabble in Brent oil after the inventory data yesterday and nicked some ticks off that. USDMXN continues to tick along nicely so happy to still be holding shorts there.
Again, if you’re trading the quid, be mindful of the weekend headline risk from the cabinet meeting.
Have a good day all.