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Welcome to the new week. Not much on the data docket, yet if the close of last week is anything to go by it could be a lively one.
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Starting afresh this Monday with very little on the books.
I trimmed my GBPJPY short trades down and will look to add back again if the pressure mounts to the downside. Still holding some short EURNZD and jobbing this one with a sell bias. Happy to take a step back at the beginning of the week and see what unfolds.
Good fortune for the week ahead.
going to short cable at 76
Good morning all. I hope you all had a great weekend.
Like Dubs, the decks are pretty clear save for EURUSD long and USDCNH short. EURUSD has held the 1.1720/25 support today and that’s good to see. 1.1770 is the level it needs to best now for another look at 1.1800.
I’m still interested in looking at AUDUSD into 0.7220/25 but I’ll play that by ear because I’ll need to judge the reason why we gave up these levels to go down there.
GBP pairs are back in no-mans land for now while the market settles down after last weeks events. I’m back to not trusting any trade in GBP and will look to lock in any trades I do as soon as possible.
Have a good day and week folks.
Good morning all,
Trading GBP ranges from the short side 1.2950-1.3175 until either side gives. Political wobbles should keep a lid on M&A driven ( never know when they go through) relief for GBP.
AUD buyer on dips, still a tad long but vs EUR for now. Not to sure about the USD side in the 0.7230/00 range as 0.7300 around capped it very well.
Short some EURNOK still. Oil been kept up should kept the bid under this currency. Any clear USD weakness could see me switch into USDNOK.
Scrutinising US-Japan meetings for clues whether Japan will avoid tariffs, which should be the clincher for JPY weakness if they do or strength if they get them in the face.
Have a great trading week!