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Pinch punch first of the month . White rabbits with added hump.
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long usd
morning all buying dollar dips against all majors
yet again for the 5th time in 3 weeks my ceiling was never breached 1.1730-50 lmao how many times will try before buyers turn into sellers enough eh eh ?
in God and Harry we trust….
lmao not this much dont inflate me i blow
Sarcastic….”que grande”
one more thing :Eurozone weakness is likely to be more aggressive than anticipated
Since the ECB has reduced the rate of purchases – the rate of new money growth in the system is declining
Again- Europe in recession towards September 2019
the migrants will start working. They are cheap labor and hence potential upswing in eu gdp
and this will cause a lot of troubles with the unions. EU is not China or US…unions are strong. More Salvinis on the way
German growth started way back when east and west joined. That brought cheap labor and made those bmw affordable for rest of the world. Is it possible something like that can happen in france and italy and spain as migrants pour in? EU main problem they cant produce things affordable for rest of the world.
Harry’s a big Teddy bear really edl 🙂
Good morning team,
Manufacturing PMI day worldwide. So far the tone is a bit weaker apart from Japan. ISM could set the tone for the USD till Friday’s employment report.
I’m a tad long USDJPY from last 111.83 playing the follow through after BOJ for a bit longer. See if this can reach 112.55/60 where I’ll be happy to tp for now. Stop fro now is under 111.70.
I’m back into the long jobbing mode on USDTRY, think we can see 5 soon as Erdogan-US face off will keep TRY on the bottom shelf for investors.
USDZAR came to seriously test the support zone 13.05-10, looked to crack it but trade uncertainty, slowing growth fears got the best of the South African Rand and there’s been a quite fierce reversal. 13.32-35 should tell us if this moves has further legs or if we install in a range.
Safe travels and happy hunting
And forgot to add Fed rate decision of course. “Should ” be a non event today. No press conference but never far away from comments or tweets …
Mexican and US will be sitting together tomorrow. Expect early comments to continue to roll in as we’ve had already.
18.50 got rejected on a weaker MXN GDP and 18.80/82 was the prior support zone , turning into resistance now. Traders will look at these 2 levels for the next momentum trade
USDZAR : i thought zar weakness due to APC land confiscation bill?
Hi MP , any link to share with us? I may have cruelly missed this after my marathon day
https://www.bbc.com/news/world-africa-45026931
Stellar , thanks vm
USDJPY left the house as unable to hold continue the rise. Into range mode
I’m currently holding short EURJPY over the last hour and a short in cable.
I’m not over confident that we have seen the last of the JPY weakness. I’m taking pips where offered on a risk reward basis and keeping my scalping cap on for now.
Morning/Afternoon/Evening Dubsy :), first day of glorious August ( unusual sunny hot with some torrential rain here lol) Whats it like there?. Only 2 weeks to the start of the footie season! . 4 weeks till the start of the fx season 😉 , i’m current of a long view of cable but of course that could change quicker than the current English weather, atvb Chris
Ahoy Chris , hope you are well . You’ve been frying back there in Blighty. Like the summer of 76 when I was a nipper in the swim all day 🙂
It’s been very hot for the season here, seems a worldwide phenomena. I bet you are looking forward to the footie season …. More dreams, cheers and tears mate ?
Lol yep I remember 76 well seemed hotter then maybe because we were younger Dubsy 🙂
Yep looking forward to topping the prem can’t remember the last time lol. Weather changes normally its when it keeps doing it you got to wonder a bit like fx 😉 Enjoy the sunshine while it lasts Dubs atvb Chris