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Welcome to the new trading month, I trust you all had a super weekend. A smorgasbord of European manufacturing PMI’s on today’s menu — Trading should become muted as we enter the US session with the Labor day holiday.
Collects more scalps than Crazy Horse and newly crowned Bitcoin & Dow top calling master.
Philosophy: "Trading rules.....it most certainly does"
Read how Horatio got into trading here
Philosophy: "Trading rules.....it most certainly does"
Read how Horatio got into trading here
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Good morning all,
Sold some GBP last night on the Barnier article.
Still short EURNOK and a tad USDCAD and that’s all I’ve got running.
Looking to sell some kiwi on rallies, 0.6635/40 equivalent, but could be through a cross.
Some decent range trading to be done rather than picking a side for now.
September marks the return of the big boys but with all going on lately, they never will have been to far away, not sure if we’ll see much change compared to August.
Politics, CB’s and later this week labour reports in the America’s should keep us busy again.
Enjoy , stay safe and happy hunting
Belated GM all
It’s a US holiday but still plenty going, with the quid the biggest mover so far.
Updates on trades;
I jumped into a USDCAD short at 1.3074 during the NAFTA mess Friday afternoon. Not a good trade as I then went out and missed the drop, then stopped myself out for a few pips when the “no deal” news broke. Not the best way to trade on a Friday night when you’re reliant on headlines and not able to watch the screens.
I’m long EURCHF at 1.1260 and happy to look at 1.1200 for an add.
USDMXN & USDCNH still running.
Have a good day.
Hi Ryan
As I see other sources and your previous posts, it is very likely to have NAFTA deal this week.Do you have any plan to sell usd/cad?thanks.
I also Would be grateful if you tell me why did AUD/USD hit by this news https://www.forexfactory.com/news.php?do=news&id=814237
last week. I may be wrong but from the chart it seems that it was the major driver in A/U last week.This was related to BOJ ,BUT A/U fell 40 PIP Instantly.Very thanks for your time and consideration.
Hi Arash
I was tempted to get another short on late yesterday but held back because the price action looked strongly bid. As you can see today, it’s breaking higher and above the resistance I liked there. The loonie has three things to look at. US trade wars causing a USD bid in EMs which is spilling over into the majors, NAFTA (where a deal isn’t a certainty) and the BOC on Wednesday. The headline risk is too much for me right now so I’m staying out and watching.
On the BOJ story, I very much doubt that was the driver behind the move in AUD. As we’ve seen today, from the bounce, it looks like there was some dovish expectation coming into the RBA (as well as that USD strength I highlighted above).