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The US markets will be closed today. Liquidity will be lacking during the NA session hours .
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Good morning,
-Short about half the USDJPY( intitially 113.65) as long as we’re under 113.20/25, stop above. Trading excess around 112.60-113.20 for now. I may slice further back ahead of Friday’s US job report if still alive by then.
It’s going to be a bigglie report imo looking where yields/spreads , equity markets are and ahead of another expected FOMC hike meeting. I’ll handle it with a lot of care and respect. In the meantime BOJ officials still not giving us any hint they’re close to take the foot off the accelerator cfr Wakatabe overnight.
-Short EURSEK(10.3150). It’s trying, it wants, hopes to break the 10.20 but will it? IP came out better, Riksbank although erring on the cautious side is ok with a bit stronger SEK. Hoping to get it back close to 10.00 or lower in the long run.
-Small short USDCNH (6.8550) on China -US trade hopes but it’s not more than hope at this stage. If nothing moves I may just cut it and wait.
-Small short AUDUSD late last night (0.7306) on the horrible GDP. It also counterbalances USDCNH a bit. 0.7330 break I’m out.
-BOC later today. Not expecting any move today but never know what’s in the statement. Data are less buoyant than a few months ago. Be careful, CAD can be a wild mover in any circumstance. I’ll be watching 1.3215/30 and 1.3340 boundaries, wider 1.3180-1.3385. Going in pretty neutral, oil being what it is maybe smalls inclined to open long USDCAD first? But not feeling any urge to do anything specifically. Let the BOC do its job and tell us what they think.
Expecting rather a transition day for the rest with US markets partially closed. Of course Brexit is omni present. 1.2660-1.2820/30 cable, I’ve got nothing in between to tease me unless I’d have money to burn.
Safe travels and happy hunting.
Fair morning good traders
First things first, after just under 4 months, the final part of my USDCNH short hit my trailing stop at 6.8502 yesterday bringing to an end a pretty decent trade playing into the big 7 level. I still like the strategy so I’ll keep watching for any fresh moves up there. I’m sure there’s many twists and turns to come yet.
EURUSD short from 1.1397 yesterday is being stubborn about hitting my balance TP target of 1.1310 and I still have my stop at 1.1355. I’ll continue to nurse this one.
December gets busy from here on out so there’s going to be a lot of flying by the seat of our pants for a while.
GL all.