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Last day of the trading week – Month end quarter end flows – Most importantly karaoke Friday in the ForexFlow trading room.
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Happy Friday folks
Is it me or do the weeks seem to fly by at the moment?
Clear books except for USDCNH short.
Testing a couple of support levels yesterday proved mostly wrong. AUDUSD long from 0.7227 went bust at 15. On a small EURGBP long off of 0.8902 I managed to halve for 10 pips and then the bal was stopped at 0.8895 overnight.
I’m not too keen to get into much with EoM still in play and USD still seemingly in a rate divergence adjustment phase. Still, we’ll see what today brings but I’m really only looking to scalp some of the levels rather than get into anything lengthy.
Good luck today and lets get this party started.
https://youtu.be/dPGAYhH7IwI
Yap Ryan… soon it’s Christmas 😉 and for me looking to resell eurchf, long eurgbp since 0.8990 but doing Nothing until now. I closed my long usdchf much too early yesterday but as Always it’s better a few pips than a loss. Idem for usdjpy.
I’m banning all talk of Christmas until Nov at the earliest 😉
hehehe let’s see in october 😉
Good morning,
-Long small left over USDCAD after having taken the bulk of profit yesterday just head of the 1.3075 resist. Will run that into the CAd GDP and see how the week ends.
-Long 1/3 USDJPY, been adding and jobbing around yesterday. Left a bid overnight to add some back closer to 113 but it never even made it below 113.30. There should be some additional JPY selling flow through month/quarter end, I’ll give it another try closer to the time of the fix.
-Short cable yesterday and again this morning on the data. Puts me short all in around 1.3090, that’s the high of the day and around where my stop will be . Weaker data are hopefully helping but EURGBP is offered. I’m close to getting stopped out there, Buba doesn’t seem of a great help this month.
-A tad short both scandie crosses. There was an interesting call for the need to buy SEK on the month end model. It seem sto verify. I’ll trade the clock and if confirmed will take profit into the 4PM London fix. EURNOK may undergo the same treatment. To be decided.
Month and quarter end. It may get tricky out there. Carefully pick and trade entries and amounts accordingly folks. Those fixings can provide good trades and entries but equally disrupt a few charts, the market will still be there on Monday, if you don’t feel it, watch the game and have a cocktail. My amounts are adapted anyway.
Safe travels , happy hunting and a great weekend already!
Hello K-man! Nothing about eurgbp? Just took another long on the 38.2
I am small long, but indeed forgot to mention it specifically. Buba seems not to be of great help and Brexit fears don’t push it higher for the moment either. It could turn around after month end but the EUR side doesn’t inspire confidence right now. Lower CPI, Italian weight, month/quarter end, funding considerations after US rate hike, market probably got caught long as well when EURUSD rallied. A lot of small pieces acting against the EUR. Afraid we could see 0.8850 before the possible turn around, I ‘m not going to fight it for now if I get done on my 0.8880 stop Stéphane. I prefer the short cable .
Yap 0.881 it’s a 38.2 fib. And when I Watch eurchf…. uffff it doesn’t mean sth nice for me but I’m still with my 2 (now) long.
We were chatting about that EURCHF. I wonder if yesterday’s CHF drop has something to do with Danske’s money laundering which transited partially at least, through Switzerland. The CHF sell off came one day after that article… Maybe done now. It’s all very wobbly.
I was more thinking about 3rd result… SNB has to present some decent moves and results. Never forget that part of the positive are going to the “cantons” and the country, only a part until 2022. But which such levels in eurchf or usdchf, Gold is down, the only nice point is US stocks which we know, SNB is a big owner. And now eurchf rebound on the 38.2, just an Indicator for this pair, but I’m very curious. And for months, SNB didn’t buy. And it’s normal, swiss Economy is doing fine, jobs etc.
Ahoy hoy.
Short EURNZD taken earlier and long Aussie are the only trades open at this time.
I closed the remaining half of the USDCAD long yesterday and ended up with a few from long NZDCAD which turned out to be a disappointment. – I still think that it’s a good buy as long as we dont stray too far below 0.8600, but it is becoming more of a NAFTA headline ping pong trade rather than a straight forward punt from decent levels. I’ve been scalping in favour of the USD here and there and a little wary of things becoming stretched if the strength continues. It’s hardly a mature trend, but there are some key levels looming in some of the majors.
Have a super day and a great weekend if you’re finishing early ?