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The FOMC has come and gone. Markets are still trying to find a footing. The hike was expected and the focus swings back to trade wars, tweets and Brexit, with a taste of Italy to add piquancy to the sauce.
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,
-Long 1/3 position USDJPY, will be patient on this one. For the moment it’s not looking to rosy as risk is again under pressure. Decision levels 11.30 or 113.20.
-Long some AUDCAD and USDCAD from yesterday’s Trudeau-Trump peacock fight and liking USD just for now after rate hike. Nafta seems a distant achievement.
-Long 1/3 EURGBP : Buba time has come, Brexit not making any headway, EU may not be happy after Trump-May’s love declaration yesterday and up the pressure again on UK. I may jump into cable though at some point depending on timing and levels. 1.3170/80 looks good for a short.
-Short 1/4 EURNOK , 9.5350-5450 capped during yesterday’s fixing, that’ll be my level of decision.
I’m a USD dip buyer but conscious we’re entering month and quarter end. I have the impression it could be a bit less straight forward compared to last months looking at the divergence in equities and bonds. More later.
Stay safe and happy hunting
Entered a Short DAX that is performing well.
Short EURNOK
Long EURJPY Short NOKJPY & SEKJPY month end fixing
Agree on your view on EURGP and cautious about USD and USD IDXs in general would like to enter but may have to wait
Ahoy hoy.
Collected a few short positions in US30 Dow – Bought into AUDUSD a while ago at 0.7226 and placed a tight stop. Got long USDCAD in the US session at 1.2974 on the negative NAFTA comments from Trump and Canada – Sold half here at 1.3950. Entered another NZDCAD long also yesterday and seems to be performing well.
NZDCAD is my pick for bigger things if the trade talks sour further. A nice wave count on the daily and a steady bounce from the lows a few weeks ago could be the set-up for a new bullish trend. Should be a good day for scalping and will keep the trading room busy.
Have a super day ?
Belated GM all
I trust everyone came out of the FOMC safely and with pips in the pocket.
Not too much new directional movement in the end, bar a bit of choppiness.
I TP’d the balance of my EURUSD long at 1.1765 before the FOMC and now the support is resistance so a wise move.
USDCNH short is ongoing.
As per my earlier post, running a small AUDUSD long from 0.7227. 0.7240 is the near resistance so I’ll try and take some off into there to bank some profit.
A day for reassessing the levels and see what opportunities there might be but being mindful of the end of month/qtr flows that might be around.
Good luck all.