Here are today’s Trading views and Ideas for the day ahead.
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Another quiet data session upcoming — All eyes will be on yields as a driver, along with the news headlines to jump start the algos.
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keep buying usd again chf, jpy. but today pound is strong too
Ahoy hoy
I sold half my EURNZD long last night for a tidy tally. Up +200 at current pricing.
I’m also flat on USDCHF for now following the long position taken at 0.9863 (chart posted to live blog yesterday). Various scalps/ daytrades opened and closed, resulting in a good days trading.
I posted my thoughts on the Dow Jones Index. to the live blog earlier in Asia. Holding a short position from 26920.
Many charts seem to be at the tops/bottom of recent ranges and it’s difficult to fight the urge to counter trade at some of these levels. I’m consciously holding back to see if price gives any clues in this session.
Have a super day ?
Good morning all
Updates;
AUDUSD long from the 40/50 level stopped at 0.7125. Very thankful that the trade had naturally tight risk parameters.
GBPUSD longs over May – Had a very silly emotional long at 1.2988 which I then quit at 70 when the Brexit text came out. Entered again at 1.2972 when it failed to fall again when she spoke the same comments. Outed half into the 90’s then failed to take advantage of the push to 1.3020. The bal got stopped at 80 on the way back down.
Myself and half the trading room has shorted EURUSD close to 1.1500 to see if the break of said level is going to hold. Just small trades, tight stops if it breaks.
USDCNH keeps nudging higher and I’ll look to start adding/scaling more shorts from 6.95 to play the big 7.00 handle.
Other than that, I’m seeing what develops today.
Have a good one.
Good morning,
Long USD worked very well yesterday.
-Took profits a bit early on cable and AUDUSD but ran EURUSD all the way to tp @ 1.1465.
-RE-entered a small short EURUSD this morning 1.1496 and waiting to add more 1.1530s.
-Still long USDJPY for previously mentioned reasons. Add that 10yr yields are at 0.16% , closing in on the top of the BOJ band at 0.20%. That should limit JPY rebounds imo. Fresh investmenets and M&A’s are still pretty much JPY negative.
-Still short EURNOK and long CADCHF. Prefer playing CAD long through crosses seen the USD strength.
-Looking to re-enter AUDUSD short arnd 0.7100/20. Keeping an eye on USDCNH and trade headlines of course.
Looking at US yields, they’re still on the up. It’s dragging other countries’ yields higher, slowing down interest rate gaps a bit but the yield curve steepening should keep the USD underpinned. Powell’s acknowledgement of the buoyant situation and confirmation fo the Fed’s independence should keep real money on the USD buying side too. I remain in the buy the dips camp.
Safe travels and happy hunting.
Sell usdsgd @bove 1.38-1.382/3 .. See gr8 potencial longterm gians on this trade (exclusively on ffl:) LOL
? ? Good luck Jimbo, Go get ’em !