Here are today’s trading views and ideas for the day ahead 16 August 2018
Good morning all.
Breakthrough or just a tentative step in the trade war saga? The US and China are going to have tea together to talk trade, although these talks are said to be low level. Still, you’ve got to start somewhere. And so we seem to have a better risk landscape today but only mildly, and that’s worth remembering. I was cautious about the last risk rally which turned around leading to further losses this week and while this one may have some legs, we’re far from out of the woods yet, and the market knows it.
But anyway, today’s another day and I’m sure there will be plenty of trades to be had.
For my part. It’s nice to wake up and see USDCNH down after taking a small short yesterday, just to dip my toe in the water. I’ll look to slice some off today if we see it drop further.
I keep trying hard to muck up my USDMXN shorts by failing to pull the trigger on adding higher up in the rallies. I seem to be one step behind in the moves on that one and always wanting a bit more than I should actually take. I’m also failing to take some partial profit on decent dips. I’ll have to pay closer attention to that and work a bit harder on my concentration.
So, all down to you guys now. Let us know what’s floating your boat today.
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Good luck to you all.
Philosophy: “Don’t be a Dick for a tick”
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bought EJ after we talked about it in the room…looking to buy abit lower
still on the same trades since the start of the week
selling eu rallies 1.1380 and then 1.1430 if got there now targeting 1.08 my … i never knew about the barrier earlier at 1.13 🙁
ok china gave cnh a push but above 7 easily achieved over the course of the trade war
still holding shorts ej and addind from 131 longer run 119
have a nice day all
Morning Harry. I pulled a 1.1305 bid yesterday because I didn’t like the PA in that afternoon risk off drop. Not regretting that much today ? #sarcasm.
if only i knew tbh was aiming at a retest and break it looked a normal bid to me as round figure will have than london fix gave the push now the Chinese ..but fine .. sometimes luck need it in trades
Good morning all ,
Short small USDMXN still, Trading a wider range for now. as long as we’re below 19.40 or no decision on Nafta, I’ll keep it. Trading inside 18.80-19.35 on bits to improve the average, well trying to if I don’t miss it like this morning ..
Small long EURCHF as per in the room @ 1.1255 not looking for that much either in current context of uncertainty, maybe 1.1325. It’s a tough game to try n find SNB but there seems to be some smoothing at least going on. Big test level would be 1.1190/00 EURCHF and 0.9900 is holding the key to USDCHF.
Small short USDJPY, good day, bad day, the pair doesn’t seem able to sustain rallies. Will be looking to add back in the 111.20/50 zone, stop just above there.
TRY seems to be out of the woods at least for a few sessions currency wise, there are more meetings coming up with international ministers so keep an eye on the headlines!
Range trading the rest. Still a seller on EURUSD and cable rallies in the knowledge options could make it a bit sticky today without major data out of the US right before.
Safe travels and happy hunting