Markets are not too complacent about the latest BTC scandal and I recommend fading this negative noise and expect a complete turn around in tone from most mainstream media outlets into the coming weeks as Bitcoin becomes the perfect instrument to trade political risk. From a technical perspective here we are trading the bottom of a very wide range (whether...
In all ordinary circumstances my advice here would be to buy at market within proper limits of risk mgmt. We are entering at the bottom of a wide range in EURUSD which will require a large purse and strong nerve. For the sake of transparency, here we are assuming the dollar leg has finished and we are trading a pullback towards the middle of the range, timing...
As most of you know, I am not as active here as before. For those of you interested in learning more about global markets and not looking for a free ride then feel free to PM me here with any questions about joining my private space/trades. Thesis ..very smooth ride so far and with rate hike coming in Canada, macro prints continuing to tick higher:- we have a...
It will affect all these pairs - NU/USD EUR/USD GBP/USD USD/JPY AU/USD The economy in the USA is doing great. lowest unemployment numbers in 17 years. Fed is slowly increasing rates. Even if inflation isnt moving up yet, Fed is still raising rates to have some ammunition for the next recession. Keep in mind inflation is a lagging...
US equities are starting to look well and truly overcooked, if we don't see a rate hike today (very unlikely) then July will come. Eyes on the rhetoric around the balance sheet today will be the key to pandoras box, in my books we are set for a mid term change of trend in US equities ... expecting a clean sweep for the 2417 handle with a tick below unlocking the...
... expecting a new overshoot to the downside here as widely expected since last month (see attached charts) - the brexit chapters are hopefully providing you with nice reading material we are now trading 95% odds of a hike; though the impact will be softer on the dollar than most expect and impact will weight heavier on equities ... Sterling is one of the...
congratulations to those who decided to read the description on the previous EURGBP idea ahead of the UK elections (related idea) ... those who decided to enter via fibs, or via price on the Long side are already in from 0.867xx ... and are perfectly positioned to add here on any spikes below via exhaustion.
... after what was another upsetting weekend in the city, sadly, no surprises!!! Elections now taking centre stage in UK alongside Saudi/Qatar relations. We'll wrap up the macro details in a few as I will be publishing 2 setups on EURGBP for those wishing to take part these will include references to the interpretation/context of recent numbers and politics....
Another brilliant day across the currency board; exhaustion legs in sterling and Euro to see us through for the summer. Now focus shifting over to /CL, with OPEC keeping prices in current range and Canada's Q1 GDP prints being v.good this is a good opportunity to look for buys on a pullback . Tracking 1.33xx - 1.34xx like a hawk where I will look for a move...
Tracking this exhaustion leg like a hawk as we see inflation continue to cause problems in the UK, especially to companies with a lot of sterling exposure. Not hesitating to pull the trigger at all as the downside is wide open, as soon as we see BOE hike that will be game over... Carney starting to realise the ship has already sailed. GL
...As expected with French elections we saw a case of buy rumour and sell fact, inline with expectations (see previous eurjpy attached) - perfect example of exhaustion to the 124.xx handle. => outlook for short-term eurjpy is now sell => Key dates to look for with ECB 8th June Actively looking for entries here, unless things change I will be wait for...
Q4 results coming on Tuesday 4:30pm EST ... 3 phase II's this year I am buying $ARNA
From a technical perspective, the oil price has turned quite interesting since the start of a new trading month. The chart below shows the monthly rolling oil contract chart where June’s price action closed in a doji. It gains significance following three straight months of gains. The monthly Stochastics also shows the hidden bearish divergence currently playing...
Guys... Above 1.0711 we can see a near term base for a recovery bak to 1.0726. Beyond 1.0771 is needed to mark further downside. EURCHF below 1.0711 can keep the immediate risk lower for the June 2016 spike and 61.8% retracement of the April-15/February-16 rally at 1.0623/04. Below here is needed to mark a more important top for 1.0445/40. The SNB may also...
Chaps... Arena is now a pipeline company, with three phase 2's this year for now the algos have this until we get see some results and we let loose. JPM update was the golden egg, please see slides for more information (www.sec.gov) Poor $OREX longs never learn, holders now after reading the ARNA CC transcript its like a Rolls Royce to a Ford KA, ARNA has...