Eren_Jaeger_Trader

Eren_Jaeger_Trader

My view of how AUDNZD could play out this year. Even though highly correlated, if China's trade deal with America continues to soften and Chinese investors/ businesses pick up the pace again we'll see another influx of demand for Australian Commodities which are the major component in many Chinese Businesses. The entry level is placed on the large wick. This is...

Eren_Jaeger_Trader

Over this year expecting a possible strength shift in GBP. The TRY took a massive hit in the last COUP causing a huge spike in the GBPTRY exchange rate. The long term political instability is likely to continue as it's not the first time this has happened. Exchange rate likely to reach levels seens during that time.

Eren_Jaeger_Trader

Daily resistance however majority sentiment looks short - Potential breakout because fundamentals are looking stronger for GBP - Would target all the stops for the masses - Potential 1:4 Risk Reward until the next selling area - Brexit delay reduces some of the uncertainty with a possible deal by may - Allows time for legal infrastructure changes in businesses in...

Eren_Jaeger_Trader

GBP - Brexit delay released some uncertainty for a deal in the UK and to organize the legal structure of companies - FOMC meetings in the US showed they are not going to raise rates causing investors to choose alternative securities to get better returns on investment - Daily/ 4HR support in sight, signs of buying already at hand. - STRONG fundamental scores in...

Eren_Jaeger_Trader

Fundamentals: NZD - "NZ trade deficit hits $791m in Jan - double expected figure" - "Higher living standards, slower economy: Expert's take on CGT" - "Economy Hub: Business gloom getting worse - new EMA chief" EUR - The pan-European Stoxx 600 finished provisionally up 0.35 percent with almost every sector in positive territory. Autos were the top...

Eren_Jaeger_Trader Updated 

NZDCHF SHORT Wait for certain conditions before a possible entry: - Congestion - Short Candle formations - Fundamentals to continue being in favor for a short CHF - Major holder of gold - Uncertain economic situation causes investors to buy gold through brexit, trade war and EU debt crisis - This appreciates the CHF NZD - "NZ trade deficit hits $791m in...

Eren_Jaeger_Trader Updated 

NZDJPY SHORT Wait for certain conditions before a possible entry: - Congestion - Short Candle formations - Fundamentals to continue being in favor for a short News Outlook: JPY - "Japan's economy grew faster than estimated in Q4" - "Japan's household spending rises 2.0% in January, up for second month" NZD - "NZ trade deficit hits $791m in Jan -...

Eren_Jaeger_Trader Updated 

GBP: - "Geopolitical tensions worry markets; UK economic confidence slumps - business live" - FTSE 100 has closed firmly in the red, down 43 points at 7,107. - 10,000 manufacturing jobs in the British car industry have been put at risk by the lack of clarity over future trading relationships - Fundamental quant score -17 EUR: - The pan-European Stoxx 600...

Eren_Jaeger_Trader Updated 

GBP Uncertainty - Money flows to out the UK - Brexit deadline approaching, and Labour party looking for a second referendum - Investors see the GBP ask a risk currency in uncertain times. Smart money investors look to sell the GBP at the overpriced exchange rate. - GBP Quant scores showing a reading of -14, shifting from the previous -4. NZD Strength - IMF's...

Eren_Jaeger_Trader

AUD Fundamentals: - "International Monetary Fund shows that Australia's economy is 'robust and resilient'." - Australia's economy, solid infrastructure and labour market, warnings about the downturn in the housing sector and stagnant wage growth - Quant score +20 NZDFundamentals: - Quant score -14 - "The Reserve Bank of New Zealand is braced for strong...

Eren_Jaeger_Trader Updated 

GBP Fundamentals: - "UK services industry gloomiest since 2009 crisis" - CBI - GBP reaching a price at which has a high selling value - Prime minister may under threat from new parties and conservative party leavers who are not confident in her leadership - The Brexit vote delay shows uncertainty - "Brexit: Labour will back amendment for second referendum, says...

Eren_Jaeger_Trader Updated 

AUD: - 20/02/2019 The Conference Board leading index forecasted an expansion on the Australian economy. This leads to a slight long bias on AUD. - AUD strong fundamental reading at 20, increasing from 0 earlier in the week. This strength shift indicates a potential change in cash flow to the Aussie economy. EUR: - 22/02/2019 the German IFO Institue for Economic...

Eren_Jaeger_Trader Updated 

AUDUSD LONG: - Trade war agreement in talks - Could this appreciate the USD or will it strengthen the AUD with close ties to the CNY High Risk Setup: - High risk setup - Reduced risk position Fundamentals: - Fundamental quant score +20 AUD, -10 USD. Not great scores but starting to deviate away from each other. - Trade very unlikely to work, more of a...

Eren_Jaeger_Trader

GBP SHORT - Weak pound due to BREXIT - More upcoming uncertainty with the brexit date on the 29th - Trade war in the US creating uncertainty on global demand hurting UK exports (excluding financial sector) - Trade surplus likely to increase during the fall in demand - Possible upcoming Austerity in the UK This is my view of the GBP in the current market state,...