Okay so this trade is still live, I feel its just running out of steam, but there' s no reason for this to scale back yet , over the last day or so , some positive comments from the RNBZ, along with the overnight financial stability report . So we got in @ 76.60 and our stop is in place @ 78.00 this doesn't really have anything in its way until 78.80, then...
Purely based on oil @ the minute and CAD- GDP up, I think this is a nice steady trade for say 80 pips . So there is a risk on tone right now, My opinion: 1. Its on trend line support 2. Good figs out yesterday 3. It should pop above the 0.23 Fib line cementing the buyers coming in Entry @ mkt 82.20 TP @ 83.00 Stop set @ 81.70 below the last low More...
Please see previous blog 17th May 2017..... Eurozone & GBP data today ..... Lovely trade and sure enough it met resistance @ 0.8640 as stated but popped through ......... Happy trading
Okay so we have ECB praet speaking @ 09.00 and then CAD data due out CPI and Core retail sales, they are both expected to tick higher. Now although the buyers are starting to come in on the Euro, the charts are lining up shorter term for now to Sell this puppy , so we will listen to the comments out this morning from Mr Praet and then will sell @ safer levels...
Okay So please see previous post dated 10th May: RBNZ Cash Rate Announcement today !!!!!!!! Its always nice to let a trade come to you if you go chasing I find that's when problems occur , anyway we were going to get in @ 78.30 originally but RBNZ said they would be accommodative for now, and well you guessed it investors didn't like the sound of that , so we...
If CAD data misses today, then this will continue down for sure ,now we don't want to miss the move, however we gotta give something back to enjoy the move, so I'm willing to lose 40 pips should CAD data surprise , but i do want to be in this Entry around MKT - currently 81.85 Stop @ 82.20 TP @ 80.00 levels Happy Friday guys ..........
So please read previous blog dated 12/5/17 on this pair Well well well , good Aussie figs for a change . Its important to remember here, that even after last Friday's entry @ 0.7380 post USD data release , and the bad home loans and CNY data, printed on Monday ( ASIA session ) to send this bouncing up and down, if you get in @ safer prices , pending a shock...
So as stated from our previous post 16/05/17 We will be getting in after the data release today , if its positive then this will allow us to get in at a better price, remember this, even with 2 of 3 good data releases this week from the GBP, ( 1.30 ) looks to have very strong offers, along with the USD sentiment right now on the floor due to all the bad news...
So should we get bad data from the GBP today and tomorrow , this will play right into our hands and give us what we have been so patiently waiting for . The GBP has enjoyed a nice rally up against the greenback , however its running out of steam , not to say if we print good data it wont go up! it will, but we have a better long scenario if that plays out . So we...
Please read previous Blog dated - 2nd may - 2017 Right so based on some good to neutral data out on the Euro zone over the last week, along with the ECB ready to start adjusting there outlook, this has caused the EUR bears to hibernate for a bit. This also had the added push yesterday of the GBP being dampened due to hard brexit talks again , just encase you...
Okay so here we have some sellers coming in and relief for the GBP rally of late . If we get good number out today and tomorrow, you can expect this to enjoy some upward movement again towards the strong offer area of 1.77-1.78 then back down we go to the 1.73 area again, or the 0.618 fib line . Right now in my opinion this is ranging between the fib lines...
So if GBP Data is good over the next 2 days this could breakout past 1.90 levels over time , please refer to our previous blog: ( BOE MEETING TODAY ). Watching very closely here ... Its getting interesting ...
Right so the GBP has been buoyant lately, and with RBNZ yesterday being Dovish with their statement , the Kiwi is getting punished again, We will be keeping an eye on this , if Mr. Carney leans towards a more positive bias in his statement then we could see this break out with not much in its way really , So watching closely with the news today , Happy trading...
So as always we scan the markets for trades that can provide all types of scenarios, this one in particular has been repressed for a while , you can see its been ticking downwards for over a week due to the Aussie woes of the RBA statement , copper prices and printing bad data . However in my opinion what goes down must come up at some point , now important...
Okay so we see the GBP enjoying a nice journey upwards , However I will keep this short :) BOE had some dovish comments which has caused the GBP to retreat a bit, if we see the USD print good data later today CPI and retail @ 13.30, this will add downward pressure on cable , Keep an eye on this Entry 1.29- MKT price now which is 1.2885 1.28- 1.2770 will be...
Okay so the Kiwi has taken a bit of a thrashing since January, based on Earlier Tier 1 data missing on a few occasions , In my opinion its been punished for this for the last 5 months and had its correction. Its important to notice here a few things: 1. Its still found support off the trend line and had back up with the 0.5 fib retracement . 2. Its now clearly...
Please refer to earlier blog on this ( RBA rate hike you got more chance of winning the lottery ) for a more in depth explanation ...... Okay people , so those who follow me see the winners and the losers we hide nothing here as this is reality , anyway Im going to re post this, to put it out there again to remind you all, So as printed earlier in the blog we...
Okay please refer to earlier post last week on this pair ( the EURO is losing steam ) , The story is, I had my eye on this for a while, and re-entered last night after the Macron win, so we have the Buy the rumour sell the fact in play , plus the added bonus of getting back in at a better price . Our view has not changed, and We have an OPEC meeting coming up...