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Pinch punch 1st of the month . White rabbits and a big hurrah.
A lively session in Asia. November has started with a little attitude.
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 – seems the new month has started with both euro and pound breaking downtrend lines and moving higher so I sense some dollar weakness but the pound has surged through 1.28 to 1.29 which I suspect is due to Brexit – don’t understand why the markets are positive that a deal with the EU actually means very much as it will probably fail to get through our Parliament forcing a General Election and/or Peoples vote which will require Brexit to be delayed at enormous cost – why so positive? anyway I am long the pound this morning and see how far we go
Pound long trade did not last long got stopped out for zero – maybe this is just a pullback before it has another test of the 1.29 resistance so looking for the best place to go long again and try again
Good morning,
One sticking point left for Brexit, the border issue, but the services deal is a breakthrough of sorts. The markets take it positively, so do I. The main scenario still stands for a deal to be reached and what we’ve been hammering about that it would go to the wire for sure. I sold EURGBP on the news as I’m not a big believer in EUR due to the weaker data. Reckon we should have a look again at 0.8775 if EU doesn’t spoil the party with a denial.
Miserably only took 30p out of cable longs. My bad.
BOE should be nada today but my thinking is that if a Brexit deal would be reached, GBP should get an extra lift from the expectations of a sped up rate hike.
For the rest watching 128.50/55 with a tiny left over short EURJPY, took most off at the last day of the month’ fixing. Stop at 60 , if failure rince and repeat between here and 127.75.
-Tiny short EURCAD , monitoring 1.4930/35.
-Small short USDCNH. Chinese PMI and lots of stimulus talk have eased the pressure of the 7 level. My idea is we won’t break above till end Nov G20. Stop is above, 6.83/85 should be the bottom of the range where I look to tp for now.
-Added a small short EURNOK( 9.5180) this morning on better data. Will watch 9.54/55 zone which nicely capped the month end galore. Target to the downside open.
EURUSD sees big expiries at 1.1400 today. Could magnet towards 2PM gmt , we’re actually not that far off. See what happens after that.
Safe travels and happy hunting .
Saved for less than a pip on that EURJPY for now… Next time might not be that lucky if risk gets another lift ….
Ahoy hoy
Longs in cable taken after the news / rumours / speculation yesterday . The market seems to like it whatever we think, and I’m not one for arguing. – 1.2920 is the level to watch. If that gets smoked then this rally has legs.
Long EURUSD. I’ve just taken half close to the big fig 1.14. Price could be supported by the mega options today.
Banked $6 from long gold as placed on entry in the Forexflow trading room earlier today. Leaving the remainder open and monitoring closely.
You may all know by now my Down Jones US30 bias. Sold again today at 25190 to add to some of the part positions I have scattered above. I will crap out around yesterday’s highs on that one, as it’s under pressure at the time of writing .
Have a super first day of the month ?