JuanHernandez

JuanHernandez

Today, I find myself in a short position in the S&P 500 due to a bearish harmonic pattern that has emerged. The market sentiment has shifted, and there is a sense of caution in the air as investors anticipate a potential downturn. The bearish harmonic pattern is signaling a potential reversal in the market, with lower lows and lower highs becoming more prominent....

JuanHernandez

Today, I am in favor of beta currencies as they have strengthened following the employment data from the United States. On the other hand, I am bearish on the Euro as the yields on eurozone government bonds (EGB) were initially declining. However, this trend reversed after remarks made by European Central Bank's (ECB) Governing Council member Martins Kazaks, who...

JuanHernandez

Today, I am selling AUD because the Reserve Bank of Australia has kept interest rates on hold at 4.35% as anticipated on Tuesday. This has fueled expectations that the bank may be bringing its own tightening cycle to an end. However, RBA Governor Michele Bullock stated in a note that there are still "significant uncertainties" surrounding the outlook on goods...

JuanHernandez

Today, I opened a long position on EURJPY as the inflation in Germany exceeded expectations, reinforcing the idea that the European Central Bank will continue to increase interest rates. Germany's inflation is particularly relevant for the European Union and provides insight into the inflationary situation in Europe. On the other hand, I remain bearish on the...

JuanHernandez

I a short position on AUDCHF today due to the monthly inflation indicator in Australia coming in worse than expected. This lowers the probability of the Reserve Bank of Australia increasing interest rates. On the other hand, I am in favor of the CHF as it has been one of the strongest currencies in recent months. Remember that the financial market is volatile and...

JuanHernandez Updated 

I entered a short position on NZDUSD due to the bullish nature of the dollar and the better-than-expected Unemployment Claims data released on Thursday. This should further strengthen the existing uptrend in the dolla.

JuanHernandez Updated 

I initiated a long position on USDJPY as a result of Powell's speech on Friday, which increased the likelihood of the Fed raising interest rates if necessary. This should further appreciate the dollar and sustain its existing uptrend.

JuanHernandez

Today, I opened a short position on the USDMXN due to the strong bearish trend in recent months. This trend has been driven by the attractiveness of Mexican bonds with their high interest rates. However, today's release of the CB Consumer Confidence (Aug) data in the United States was significantly lower than expected. The actual value was 106.1, while the...

JuanHernandez

Today, I went short on USDJPY due to the release of the US PMI data, which came in slower than expected. However, what really caught my attention and me led to take a short position on the dollar was the manufacturing PMI data. It was anticipated to increase, but instead, it decreased. This could potentially shift the perspectives of many economists and the...

JuanHernandez

Today, there has been a favorable appreciation of the Canadian dollar due to better-than-expected inflation data from Canada. It was anticipated that the inflation rate would increase from 2.8% to 3%, but it surprised the market by rising to 3.3%. This increases the likelihood of the Bank of Canada continuing its interest rate hike cycle, leading to higher demand...

JuanHernandez

Monday, July 31st: At 3:00 am GMT-6, the news about inflation in Europe will be released. It is expected to decrease from 5.5% to 5.3%. However, there is a possibility of a selling opportunity if the deviation is less than 5.1%, which would indicate that the European Central Bank (ECB) will adopt a more flexible stance in its upcoming meeting and could increase...

JuanHernandez

Opportunities Radar for the Next Week Jul 23 - Jul 28 Monday, July 24th: 7:45 am: The economic data from the United States, known as "Flash Services PMI," is one of the leading indicators that indicates the health of the economy. It is expected that this index will decrease from 54.4 points to 54.0 points. If the result exceeds the deviation of 55 points, it...

JuanHernandez

Today, I have made the decision to open a short position on GBPUSD, driven by an unexpected development in the inflation of England. It was anticipated that the inflation would decrease from 8.7% to 8.2%, however, the revealed figure stood at 7.9%. This occurrence diminishes the likelihood of future interest rate hikes by the Bank of England, rendering the British...

JuanHernandez

Sunday: We will have China's GDP data, which is expected to increase from 4.5% to 8.1%. If the result is below 4.5%, it could present a buying opportunity in USDCNH. Monday: There will be a mini statement from the Reserve Bank of Australia, which could provide an opportunity to buy the Australian dollar if there are indications of further rate hikes. It could...

JuanHernandez

Today, I entered a long position in the USDJPY as a result of the US Michigan Consumer Expectations (Jul) data significantly surpassing market expectations. The consensus forecast was for an increase from 61.5 to 61.8, but it unexpectedly rose to 69.4. This unexpected surge suggests the potential for a resurgence in US inflation in the upcoming months,...

JuanHernandez

I have made the decision to open a short position in the USDJPY currency pair, in light of unfavorable inflation results in the United States, particularly in the core inflation rate (YoY). It was expected that this indicator would decrease from 5.3% to 5.0%, however, a lower figure of 4.8% was recorded. Additionally, it was expected that annual inflation would...

JuanHernandez

The strategy for this week is to look for opportunities in the upcoming events. On Tuesday, Germany's inflation data will be released, which is expected to rise from 6.1% to 6.4%. If there is a deviation greater than 6.5%, it could be an opportunity to buy euros, as it would indicate that the economically strongest country in Europe has not been able to reduce...

JuanHernandez

After a thorough analysis, I initiated a short position in USDMXN. My decision was based on a combination of factors, including my short-term positive fundamental outlook on MXN and my perspective on USD. Furthermore, after carefully examining the trend and indicators, I am confident that this position aligns with my investment strategy. While there is always an...