Here are today’s Trading views and Ideas for the day ahead.
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UK September CPI – PPI release 0830 GMT. Nothing more than algo fodder with all eyes on Brexit blabber and the EU summit in Brussels
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Ahoy hoy
We could go a little quiet in FXland as we await FOMC minutes and the drunken headlines from the Brussels dinner party.
I shorted the Down Jones again in Asia to add to some of the positions I have outstanding higher up. — Holding a smaller long gold position that I want to add to if this weeks highs are taken out.
I have closed my EURNZD short position in full for around +150 on the remaining position. — I have just turned my bias around and opened long at 1.7556 on a failure to hold below good support.. Tight stops under 542.
Have a super day ?
GM traders
Not a lot done yesterday. Took NZDJPY short for 10 pips on half then the bal was stopped for -15.
We’re in another week of ping-pong headlines so I’m really only looking at range edges for opportunities. I’m finding it too messy trying to trade in the middle.
My cable long is running and I’m happy to hold for now. I may add on a test of the low 1.31’s but I might also just treat that trade as a short-term play rather than adding to the longer-term play. The market seems to be well placed for the state of play on Brexit and the summit at the moment so only comments outside of the daily waffle will move the price to any great degree.
Other than that, and still watching EURUSD into 1.1540, I’m just running the USDCNH short still and looking to add back from 6.95.
Good luck today and mind those Brexit headlines.