Brexit deal talks coming the following months. Pound short position covered last week. No bullish euro fundamentals expected.
Downtrend resuming at descending channel upper band. Good response on bearish technical entries
With earning season finished and a very overextended rally in US equities we are getting close to the end of the year. Profit taking and a dollar pullback (rate hikes priced in, cautious with the tax reform) will move UJ and gold in the next weeks
The Australian Dollar gained a little ground against most major currencies following news that expectations for inflation over the next 12 months had risen from 3.8% in September to 4.3% currently. The number of participants in the inflation survey expecting inflation to be on the up rose from 58.4% to 62.8%, with only 3.8% expecting inflation to fall. The...
Posting this idea to follow up how the reasoning plays out after discussing it with @airmac The reaction to fib levels and trendlines confirmes this mrkt bias Draghi talked the euro down on thursday; EURUSD correcting, hedging USD short exposure shorting EU for the right shoulder formation, TP at neckline or before. USDCAD downtrend channel intact, forecasting...
Technical short on euro profit taking, risk off before Draghi's comments. Good R/R on descending channel entry
Long GBP after an overreaction to dissapointing GBP data
I have a risk off bias for the following weeks... this pair should be one of the best ones to respond to that bias
Fading the rally heading towards the summer. Less risk appettite and everyone on the long side may make EJ to reverse short term. Daily channel formed. TP at midline and 0.38 retracement.
EURUSD short bias. NZDUSD attempting a bullish breakout (see coment) Trading the retracment of this ascending channel.
Technical entry. GJ could see further downside if equity markets keep ranging/fall SL to BE once we break the 0.38 fib (yellow)
Technical entry. Looking at dxy descending channel, short lived support found bias (see comment below) Political risk in the states + decreasing odds of rate hike in june doesnt look good for EU short... I still have a small short position, aiming for the retest of the monthly broken trendline.
Long Silver. Equities at record highs. Dollar has priced in the rate hikes. Gold at support. Silver and Gold stocks rallies (smart money in play). Fastest grow in silver use in photovoltaic energy. I'm already long in gold and looking for a small retracement this week to get long silver
We could see a nice retracement in this pair heading towards the BOE super thrusday. Reasons for entry: a short term GBPUSD bear bias and AUDUSD double bottom at descending channel