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The highlight of the coming session is geared to GBP traders. Carney and Co testify before UK parliament. — Inflation report hearing 1215 GMT
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thinking to short Nzdusd later , so far usd strongest, nzd weakest from 45m ago
Current positions short AUDUSD as i didn’t think the RBA was as hawkish as the move was suggesting though only small as i missed the 0.7230 level i wanted but couldn’t resist a trade here. 2/3 of that out in the overnight lows will re-add higher if seen holding last vsmall piece for 0.7160 next if this is going down further today. Also long EURGBP at 0.9008. i feel if we got back below 0.8940 then I’d definitely be wrong but i felt 0.90 should be a moderately strong area so most of the position on here left some to add if we see lower first area to take some i see is into 0.9030/40 then it would be back testing 0.91 if the prior broke, we’ll see.
Would resell cable and NZD if the levels allow news dependant of course. Can’t really get a feel as of late in USDCAD, USDJPY and EURUSD hence why i bought EUR through EURGBP instead.
Have a good one all!
Morning all
Updates:
EURCHF long – Holding and it’s doing nothing
USDMXN & USDCNH shorts – Holding but watching the peso carefully as we keep rising
USDCAD was one I fancied shorting into 1.31 as per previous analysis but I held off last night as it looked well bid. That’s proved a stout move given the break above the resistance through 1.31. This pair is facing a lot of noise and headline lottery so I’m staying out for a while.
GBPUSD could be in trouble if 1.2800 breaks as that’s the next decent support level. Just below there we have the old 1.2760/70 area which has been strong S&R.
I’ll keep an eye on USDJPY for a possible short into 112.00, but I’ll see how it looks if it breaks 111.80.
Good luck all.
Good morning,
Shaved off a bit of the GBPUSD shorts @ 1.2845 after having resold the fixing yesterday. Still running 2/3 of it. Will shave a bit more off it around 1.2800 but remaining a firm rally seller.
Took back the NZDUSD short from 0.6617 at 0.6558, a tad early it seems. Remain rally seller back up at 85/90 for now.
Patiently short small EURNOK, but that patient either, a return above 9.77 will see me leave the ship. Move down to 9.62/63 is what I’m looking for if things go according to plan.
I’ll try to sell EURUSD 1.1580/90, sell cable 1.2885/00.
USDJPY 110.80-111.80 where BOJ upped their short term JGB buying a bit, taking it off the lows again. This one is more a 2way street I reckon into the LDP elections Sept 20th with limited downside but capped through crosses.
Interesting note in the room about CNH swaps going north and FT article about smoothing operations by PBOC submarines should see dip buyers in USDCNH emerge. I could be tempted into a long in the 6.83s.
Stay safe and happy hunting
long aud/usd. after a fiercesome move seen just now which does not make sense to me. I am long targeting 0.73. i expect 7150 to hold for now atleast until we see GDP print.