Cabot101Management

Cabot101Management Updated 

Okay going to keep this one short ( Excuse the pun). JPY flows currently across the board and the GBP is being pulled down , we will getting in after 0930 when GBP data is released ( construction PMI ). Stay tuned ............

Cabot101Management Updated 

So we had the RBA set the tone from their meeting yesterday, they have let the market know their concerns. Right now OIL is slowly creeping up, but also range bound currently $51.40. There is important CAD data out Friday @ 1500 be alert ( Employment/Unemployment ) also the board meet on 12/4/17 for their rate statement. They may have to upgrade their 2.1% GDP...

Cabot101Management Updated 

RBA meeting on Wednesday 4/04/17 So here we are with this lovely carry trade pair , as you can see its fair to say as a trader we can't help but get excited with a chart like this ..... The consensus from the Economists are a hike is not expected until ( Q1 2018 ) for the Aussie . However after the ECB came out and said we may have been overzealous with...

Cabot101Management Updated 

So the recent rally in US OIL back to the $50 mark has caused a retrace here to the trend line support level, alongside the 0.382 Fib retracement line. What does that tell us, well we are at a peachy level to long the USD/CAD , however a few things to be mindful of 1. First and most importantly we have pierced the trend line support, and need a clear close...

Cabot101Management Updated 

So our trade pick is for this Reason: Pm Theresa May will action this today , It will have an effect on the ( GBP ) Short term..... and over the last few days the ( USD ) has been picking up momentum with buyers stepping back in. Now some key things to focus on here, some key data out for the ( USD ) today, tomorrow and Friday, there is also for the ( GBP ) but...

Cabot101Management Updated 

Okay referring back to our earlier post, if we see some activity around and above the 1.65 level we could see buyers tipping the scales to the upside , the only positive here right now is we have broken the trend line to the upside ( possible breakout at these levels if we can stay above 1.65), There is key data coming out this week for both parties so stay alert...

Cabot101Management Updated 

Right we were in this trade last week and made some nice pips , our view has not changed, we will be going long again at safer levels . Reason for trade : EUR/USD getting a boost by the fed's dovish tone at the meeting, even though the rate was hiked by 0.25% already 80% priced in prior to the meeting by the market. No surprise apart from the language used as...

Cabot101Management Updated 

Okay the chart tells its own story here , With article 50 being given the green light to be triggered by end of march, its now putting pressure on the GBP again and the bears revelling in the antics . Very important factors this week we have GBP data out tomorrow AV/earnings, Thursday BOE meet again and the BOJ met aswell, all eyes will be on the language...

Cabot101Management Updated 

Going to be trading into the events of this week , some key data to be released for midweek which will no doubt be in focus. Q4 GDP for both currencies , along with USD personal income and spending and ISM manufacturing PMIs As you can see we are entering a trade around the current level Short , with a view to T1 profit taking @ 0.7450 level , then ride it down...

Cabot101Management Updated 

Right , this is an interesting pair, USD bulls seem to be losing traction now and what with the fed's hawkish tone and a rate hike being priced in by the markets , late last week saw some safe haven flow coming into action . With this in mind along with the charts showing we are approaching trend line resistance around the 0.618 fib line this all builds a strong...

Cabot101Management Updated 

Okay so we see here the euro over the last year has been in clear decline, trading between the trend lines, up until recently. We have now closed on the daily above the trend line currently @ 1.3981, Last week the euro outperformed all other currencies, and the market seems to be paying particular attention to and reacting on bad data printed for the Aussie...

Cabot101Management Updated 

Here we have broken the trend line to the upside however be cautious, we need to close above 1.65 on the daily, to establish the bulls coming into play and the trade to be active . Some key data this week BOC rate statement which is expected to be cautious and much of the same tone ,CAD - GDP - M/M, GBP Manufacturing PMI,Construction PMI & Services PMI We...