6 Comments

1. 

   Harry-the doom of valyria on July 17, 2018 at 6:35 am

   Selling eu if gets to 1.1740-60 area which i doubt ….. selling gbp
   rallies if gets 1.3310 -1.3350 hard brexit will be wages remain the same
   .. buying dx dips a shiny dollar this week ..
   have a nice day all gents

2. 

   K-man on July 17, 2018 at 7:30 am

   Good morning all together,

   First test day for GBP this week with Carney and friends at the Treasury Select Committee hearing on the June Financial Stability Report from 8 gmt and the UK employment and earnings data at 8:30 gmt. Later Powell will take the stage for a 2 day grilling before the Joint Economic Committee in Washington on rates and probably mostly on how bad tariffs will influence the US economy and what happens if the yield curve inverses…
   Reading the overall opinions yesterday, Trump put in a pale performance in Helsinki and EU and China remain committed to open trade.
   Price action says the market is cautiously buying this, so did I, but we’re in summer trading and anything can be reversed quickly. I’m traveling light these days.

   -Going into today with smalls EURUSD and EURGBP longs picked yesterday in the room @ resp 1.1706 and 0.8835. Managed both a bit this morning to make it a painless trade if one of the above would reverse the course of the boat. Basically EURUSD back sub 1.1690 and EURGBP back through 0.8815/20 will see me do a runnner and probably reverse if the need is to do so.
   -I’d be a small EURJPY buyer 131.30/50 for a look up into 132s. JPY’s had occasions over the past week to strengthen but fails. EURJPY has been a steady grind since the 129.65/75 break, I don’t see to many reasons for it discontinue the move.
   -I was small short USDCAD but oil commands caution even if CAD shrugged it off, so I took the 25p this morning.
   -Kiwi is a buy on dips for now I reckon: 0.6795/05 looks worth a try if seen unless Powell succeeds to make USD a huge buy, which is not my favourite scenario right now.
   – Still lurking to sell TRY in some form . Through the USD 4.82-83 or a brk above yesterday’s highs will attract my attention.

   Safe travels and happy hunting, the week starts here

3. 

   Ryan Littlestone on July 17, 2018 at 8:28 am

   Morning all.

   We could have some fun in EURUSD is this top 1.1740/50 area breaks again and may well get a run on 1.1800. 1.1800/30 is a former big S&R area so watch that if we do. I’ll likely fancy a big fig scalp short if it does, depending on the PA.

   UK jobs in a mo. Wages are the key as usual. BOE Aug hike odds stand at 75.1% into the data.

   Have a great day.

   • 

     mud puppy on July 17, 2018 at 8:40 am

     Hello Ryan. Are you long term bullish eur/usd? if yes where you reckon is a good buy and Hodl?
     thanks

     • 

       Ryan Littlestone on July 17, 2018 at 8:51 am

       Hi Muddy

       I’m pretty much neutral on EURUSD at the moment, especially in this summer trading where it’s not going anywhere. I think we’ll get a better idea of direction for this and many pairs later into August. In the meantime, I’m looking to trade the edges which are 1.15-1.18. If we break 1.15 then we’re likely to see a decent move south (the opposite if the topside breaks).

       If I was looking for a long-term trade then I’d be looking at buying somewhere in the 1.11 area but I’d have to see why we’re down there.

       On the other side, unless you’re long down sub 1.16, I think the only opportunity would be to grab a break of 1.18 but make sure it clears that 1.1830 area too. That could give a fairly tight opportunity to catch the break and ride it higher.

4. 

   5magics on July 17, 2018 at 8:35 am

   took +20 on a scalp long EUSD 1.1710/1.173, already out. Stopped on the long term AUDNZD 1.0917, giving some good gains after all. That’s all I have done
   left long ECHF 1.1681, long GBPCHF, long DAX
   and small long ENOK