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Welcome to the new trading week. A very light data drop to ease us in. Not much action in the Asia session. Stock futures in Europe and the US have ignored the slump in Chinese equities thus far today.
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 – I am still short CAD Yen and also GBP AUD which is approaching target
Morning FXJ. Hope you hit it off mate.
Morning Ryan – yes the GBP AUD is nearly there just watching PA but I see no reason for any pound strength so could get there – CAD YEN I have stop loss at 85.80 but I see strong support at 85.00 so not very confident on this pair at the moment
The market looks a little tentative this morning.
Good morning all.
There’s been a bit of action this morning with the Merkel news but markets still look like they’re unsure what to do. We’re seeing a bit of a risk rally after some China but we’ve been here before and eyes will be on the US open to see what happens today.
I’m not seeing any clear trades or trends right now so I’m not going to be jumping in with two feet anytime. End of month is in the mix too so the fixes will get further focus.
Good morning all… As winter has set in barcelona…
No open positions thus far. Looking at the IDXs to get some clarity on direction as we also approach month end plus, NFP coupled with mid terms next week. Overall looking to short EURUSD and long EURSEK (great calls in the past from NORDEA).
Other than that looking at what the noise from Merkel will mean today for the DAX. Wish could trade the BRL where lots of volatility will be expected.
Best, JDCA
Good morning FXJDCA.
Is it snowing yet? 😉
LOL.. No but have my gear ready… Considering that I swim with my dog all the way into November yes seems like winter!!!
Ryan… What continues to be your view on the Yuan. From a short term perspective yes we could see an appreciation of the Yuan, but going forward and taken into consideration the 10% tariff is already implied in the USDCNH any escalation IMHO could lead to a faster depreciation of the Yuan… Any thoughts those are my two cents…
Sorry for the late reply my friend.
The wider picture is what happens with the trade conflict and although I’d like to see it resolved sooner rather than later (due to my positions) I’m not really trading that scenario. Right now I’m merely looking at the possible defence of the 7 level by Chinese authorities. They may draw a line or they may suck in some spec longs through the level before then stepping in and spitting them all out.
No problem it is one of those days that have not seen any clear trades except for small positions already closed. Going back to the Yuan agree with your view and yes there are two different scenarios and two different trade set ups. It is all up as to what @POTUS says and the key date to see will be their meeting at the G20 in BsAs… so far I am enjoying the shorts but will keep an eye on developments to reverse just in case and also we have to remember their are not a currency manipulator LOL … Have a good eve you all…