Here are today’s Trading views and Ideas for the day ahead.
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Welcome to the new trading week — The high summer months have always been one of the most testing periods of the year for traders. We’re experiencing some added spice this year ..… Trade war clouds, ongoing Brexit farce to name a few . Machiavellian duplicity and behind the scene maneuverings and headlines to the fore.
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eu : range contained 1.1750-1.17 ..any attempt to break will be
stopped at 1.1760-90 area and i am rally seller U turn na session
eying at some jpy weakness and uj will retest 112.50
still in favor to buy jpy dips in the crosses so ej rally seller …
ill take the contrarian move and buy dx dips 93.80-9410..
have a nice day all
Hi Harry… eurusd will not try to go 1.1850 before U turning? it is a very tricky pair…
till now hard
going to try buying ej at 129.9
Good morning all,
Having tested and holding the 110.70/80, I bought the rest of the USDJPY short back for now. Will trade the 110.75-111.60 range until headlines or data tell me otherwise.
I am still a tad short USDCNH and long EURGBP.
I’m not sure the Forex market will or can force the USD much more on last week’s comments alone, unless there is a major shift in yields/ stock markets to pair it with. Trading USD from the short side inside ranges is my plan this start of the week.
Stay safe and happy hunting
I actually stepped out of USDCNH short minutes after writing this as we couldn’t get sub 4.78 any more and the Chinese comments on their currency are vague at best.
Still long GBP/CHF.
Using NA for further clues.
Have a good (air conditioned) week all.
Glad to see you’re feeling the hots back in blighty 🙂
Ha ! How to define it ? Melt-up or melt-down season …
I’m always smokin’ mate 🙂
Yes indeed it’s been almost unbearable here ( high summer). never known a season like it.
There I go – typical Brit complaining about the weather 🙂