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A very uninspiring data drop due for this session. Attention has now turned to the FED meeting later today for directional guidance.
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Good Morning Everyone pound stopped a tad short of the 1.32 yesterday and pulled back to the 1.31 level so I am still long the pound but this morning to me it seems we may have a sideways day so this morning thinking about taking profit on the pound just watching PA to see if we test 1.31 again – The euro also looking a tad weak I’m thinking maybe back down to 1.1400
Good morning all,
-Short EURGBP still, nearing another slice tp zone at 0.8685, keeping core short for a rinse and repeat up to 0.8750/55 now. Long cable inside 1.3080-1.3180 range for now. Had some good n bads inside a tighter 20/80 one yesterday as left a small stop to close, done by that 7am gmt move this morning. Back in but keeping cable small as not to sure about USD after all with FOMC tonight.
-Short EURNOK, still monitoring 9.49-5650 . Added EURSEK yesterday at 9.3150 on a mildly bullish Riksbank and SEK immune to EUR weakness correlation for now.
-Jobbing EURAUD from the short side, 1.5600/20 is decent target will reassess there.
-I would add EURJPY short to my arsenal but a tad puzzled about the steady bid of the USDJPY, which suggest Japan’s investing is ongoing. Add that risk is bid via commod/JPY crosses (Mrs Watanabe?). I also remind you 2018 is a huge M&A year for Japan and they’ve been buying a lot of bonds Q3. Still I’m close to pressing the button.
US midterms done and gone .FOMC today. A dud imo but looking at how fickle the markets are, the sole repeat that the rate path is intact could send USD another leg up. Especially finding EUR fragile, that’s data induced.
Stay safe and happy hunting.
Scaled back a notch on EURGBP short and keeping the cable tiny as this morning’s headlines, Sun article, Barnier’s comments still work to be done, will keep the market on its toes and may spark some GBP take profit selling, add volatility ahead of May’s EU visits. Looking to resell EURGBP closer to 0.8750.
Alright peeps.
Currently nursing a small NZDUSD short I took a punt on seconds into the RBNZ last night. Short at 0.6789. I left an o/n TP at 0.6770, which missed by a fraction. I’ve just taken half off for 10 because it was only supposed to be a quick scalp and with the big expiry today, I’m not expecting it to move far. I’d rather put some in the bank than babysit the trade all day. That said, I may be tempted to join Dubs (see post further up) and add into the resistance up around 0.6800/15.
I’ll be watching USDJPY closely if we get up to 114.00 as this is still a huge resistance area 114.00-50/70.
I’ve also got a feeling we may be visiting 1.1500 in EURUSD again so will keep an eye on that too.
Have a great day all.
Ahoy hoy
Holding long GBPUSD – Short AUDCHF .
My bias is for buying the dips in both cable and EURUSD still. The later could get bid up towards 1.15 again into the mega option expiring Friday ;
My scalping hat will be worn for the duration until the FED impart their wisdom to the masses, Jobbing and scalping around for small stuff if the opportunities arise
Have a super day ?