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Very little data to come in the session. The markets have adopted a cautious risk tone in the run up to the FOMC decision tomorrow.
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Ahoy hoy
Just scalping intraday trades for me until the Fed.
I’m adding to my collection of NZD short positions where possible. My NZDCAD short hit its profit stop for a +90 average, and I’m in again NZDJPY with my core entry intact at 78.20 after a little jobbing around – Looks ripe to add ( short) on the rip higher in Asia. Still holding 2 short positions in NZDUSD and watching closely incase I have to bail.
The Down Jones US30 short positions have performed handsomely. I’m hanging on to those for more down moves.
Have a super day ?
Hi all,
All very quiet my side until FOMC.
-I’ve bough back the EURJPY last night at 128.00. FOMC will decide upon risk moves.
-Tiny tiny short EURNOK, we’re having a perfect overlay with last year’s Dec . The high seen then was close to 10 on the 20/21st Dec. We could be in for more of the same. I’ll add around 10 or above into the new year.
-Tried a small short EURUSD last night, betting a bit loosely that the USD correction into the Fed was over, but stepped out of that for -30p this morning.
I’ll be sitting on my hands until FOMC unless there’s a cross pair opportunity somewhere arising.
Safe travels and happy hunting.
Good Morning Mr Dubsly I was also short NZDCAD yesterday went short at 0.91068 the price went up and down so was looking good about 15:00 so I moved my stop loss to zero then it just went higher and I got stopped out – since then its gone higher and higher – I was wondering when you see a trade set up that looks interesting will you enter the trade based purely on technical picture or do you also want the fundamentals to agree
The fundamentals have me totally confused on that one John. NZD seems to have lost touch with reality at this point and the move higher in Asia today was a real mystery. I’m using USDCAD as a benchmark at this time and it hasn’t moved much today. To my way of thinking, this is another one of those inexplicable Kiwi moves that is well worth trying to pick off again and fade at the levels. – Where those levels happen to be is the big question. 0.9225 is the ‘pivot’ I have used for my 2 short trades this month. Without more of a clue I will be trying again if price holds below .
The funnymentals always have me confused like why is the pound up at 1.27 when we have no Government with any authority Brexit looks most likely a “no deal” today we are 200 pips higher than the low of last week! – weird – I am thinking of shorting the NZD/JPY
also back in with a short on the NZD/CAD
I think there is some seasonal real money demand for NZD every December, so it is strong month for Kiwi,