Here are today’s Trading views and Ideas for the day ahead.
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Yet another quiet data session approaches. Plenty of background noise to keep the price action interesting .
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Morning all
Normal service will be resumed after K-Man tried to drink the restaurant dry yesterday. He’s put a serious dent in the Christmas party budget.
EURUSD continues to play the 1.1720/30-1.1800 range, which is fine by me. Some of my long offloaded into 1.18 yesterday and I’m happy to reload at 1.1725. I can keep a tight stop down there and can take some off up the top while keeping some left over if it does break through. It’s a tough level up here from 1.1800 thru to 1.1830/35. Only a move back under 1.1700 ultimately do a lot to relieve this rally.
USDCNH shorts ongoing.
I’m in agreement with Dubs still about the 0.7220/30 area in AUDUSD but we’re facing some solid looking selling so a long from there will be super tight.
Good luck today.
Good morning all,
Long USDJPY from yesterday again called in the room. USDJPY should stay bid until FOMC , Japanese have been buying loads of US bonds lately which may suggest there is a present waiting for Trump on the investment side re Trade. More to come on that the ext 24hrs.
Long EURGBP from this morning, bought a bit early at 66 and then a bit more here at 0.8940.This 0.8930/40 should be a support area, month end is coming and Brexit is really advancing which should keep the pair bid on dips.I won’t like it f 15/20 would break downside.
Tad short EURNOK still and long AUDUSD for as long as 0.7220 holds.
EURUSD 1.1725-1.1810 the new 1.1650-1.1725? let’s see if those range traders have enough power.
It’ll be headline trading again until FOMC as the UN meetings unfold.
Stay safe and happy hunting
Ahoy hoy.
It’s all about the scalping for me pre FOMC. Had some good touches yesterday and a few in today’s Asia session.
I like the idea of buying into Aussie and Kiwi, but wary of some USD buying before and after FED.
Been scouting around for non USD trades and have taken a long in NZDCAD. The CAD could suffer with a lack of progress on NAFTA, but we have to keep in mind that we are only a headline away from a good trade turning bad. In these news led market conditions, tight stop losses on everything are more important than ever.
Have a super day and stay safe until things become clearer .