Here are today’s Trading views and Ideas for the day ahead.
Let us know what you are looking at – Charts – Trade chatter – Trade positions.
The Flow traders are available throughout the day to help out with your questions – Share trade set-ups and keep you updated on positions. — Participate in the comments and help make this new daily feature a one stop companion to your trading sessions.
Big day for GBP — Bank of England monetary decision. – 11.00 GMT — Gov. Carney presser and wiggles 11.30 GMT.
Latest posts by Horatio Dubsly (see all)
- Silver – This weeks shining star, as predicted by ForexFlow - July 19, 2019
- 新年快乐 财源滚滚 大吉大利 A Happy wealthy healthy New Year to all our Chinese friends - February 4, 2019
- Gold and Silver – Glittering prizes? - January 28, 2019
https://www.tradingview.com/x/oUAEsriY/ this is a central banker’s week + early of a month + summer…=> make me think i should be cautious….trade less since yesterday. this is the only trade idea. i’m going to buy when EU go to about 1550
building NJ longs again. rinse and repeat sort of trade. i think it will be trading in range for long time
Good morning,
As HD was mentioning on the USDJPY post, been short EURJPY in episodes as a few of us in the room, had a nice few pips banked. Didn’t have it overnight not knowing what BOJ would be up to on the JGB’s. They did show their nose as the market approached the 0.15% level but little to hold the JPY from erasing it’s BOJ meeting losses. “Flexibility” is the new “tapering” …. EURJPY is back to where it started. GBPJPY is not that far, USDJPY held previous break level just because USD’s been bought. I’m in the sell the rallies JPY crosses camp again today.
BOE day of course. The market is in the “dovish hike” mode. I am in a “wiggle room” hike mood. I wouldn’t be surprised if algo’s try to take it a good leg higher first on a de facto hike to put doubts in people’s minds. I’m not having anything on right now, rally seller, planning to wait at least for 1.3160 or even close to 1.3200 before jumping into a short if need to be.
As per updates USDTRY finally reached and broke the 5 handle. US sanctions, Erdogan’s bellicose reactions make money flee the country, speculators have the free hands for as long as the Erdogan and his cabinet, having taken over control of the CB, don’t put a stop to it. An extension could see 5.20/25 in current scenario. Another 1% drop in TRY already this morning.
I am a dip buyer on the USD barring USDJPY/USDCHF today. 1.1655/65 EURUSD, levels closer to the big figures on the commod currencies will attract my attention. I’ll also try a few EURO crosses short again on small rallies probably: EURJPY 130.25, EURCAD 1.5175/00 and maybe a tad ERUCHF short to have a look at 1.1530/00 as data out of Switzerland are pretty good comparing to its peers.
Safe travels and happy hunting
Good (tropical) day all … with some delay (I took a mini holiday).
Closed EU & GU longs bagging 106 & 68 pips resp.
Closed first 1/1 1% GBPCHF (2992) at 3092 and second at BE, and re-longed at 2968 expecting a rather bullish BOE.
1/2 1% long USDCAD at 3008, monitoring.