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I like trying CADJPY Lower here. From a technical perspective we've broken a head and shoulders pattern. We've also got a shooting star on the weekly and a double top on the weekly further back as well. I like the narrative of moving from inflation worries this year to now global growth worries, this is a similar trade to USDJPY lower but i think CADJPY will be...

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Trying CADJPY lower here. Oil fell due to some overnight news which should push down yields and potentially stocks as well. I also bearish on the pair as well and averaging out positions. If we see no fall in these today i will be taking this out later. stop at 109.130. Not trading/investment advise, feedback welcome!

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Trying a USDCAD long trade here There were a decent amount of people who went short I imagine yesterday as we are at the top of the range and had a hawkish BoC rate hike. I think if we go back above the point before the rate hike then people who went short will start to become nervous. Nice double bottom below and an uptrend. From a global narrative...

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I like trying a short term USDJPY short here. Mostly a correlation based trade. USDJPY behaviour today has been a little odd to me. Oil, stocks and us yields are lower but USDJPY is much higher - i think this could be that there was some flow coming into USDJPY today or perhaps chasing some stops and that once this ends we could see a move lower. A lot of...

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Trying GBPJPY short. inflation expectations are lower, risk sentiment has fallen today, i think yields will continue to fall after end of quarter/end of half year. JPY positioning is extremely short which should help. The GBP narrative hasn't been great for a while and i don't think this changes any time soon. It looks like we're forming a bear flag as well...

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I like trying a EURJPY short here. Nice triple top forming. Same reasoning as my AUDJPY and NZDJPY short plays however I have come out of them at breakeven and I think this may be a way to play out the same idea but get away from the potential of risk assets rising. Trade idea is inflation peak, commodities are lower and seem to have peaked and this should...

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I think I like trying an AUDCAD long here. Narrative wise we had some good news of china reducing some covid restrictions for inbound visitors today. I think this is a good step in improving the overall mood around china growth/global growth worries and the china covid situation. If you are trying to play a china economic comeback then AUD is a good way to do...

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I want to try a EURNZD short trade here. Nice resistance above as we've tried a couple times to move higher. EURNZD has been pretty correlated to the vix and negatively correlated to the US500 since about April. I think based on the recent rise in the US500 we should see the same fall in the EURNZD as people start to look at lower inflation expectations which...

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I like trying AUDJPY lower here. AUDJPY has usually been a proxy for risk sentiment but has recently moved more in line with global yields likely due to the BoJ remained the only dovish central bank and not hiking rates. While i don't think this changes soon i think there are a couple things that are changing that could cause a move lower. Oil is moving lower...

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I think NZDJPY could move lower. Couple of shooting stars on the weekly charts seem to suggest that NZDJPY is struggling to move higher then these recent tops. Looking at the chart risk sentiment is suggesting that we should be much lower but is currently being held up by rising global yields and inflation expectations (and a dovish BoJ). Oil is moving lower...

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I like trying USDJPY lower. Currently have AUDJPY and NZDJPY plays lower as well but i am a little concerned that a move higher in stocks may cause those to either not move as far as i'd like or to not move at all. USDJPY lower is still the same play on lower inflation expectations and we also have the benefit of lower US yields here as well. I will potentially...

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I like EURCAD higher here. There's a nice triple bottom that we've bounced off of which allows for a good stop loss. I think EUR yields are jumping on the back of the SNB rate hike which surprised the market quite a lot. EURCAD rate differentials have been a good correlation to EURCAD and they are currently jumping. EURCAD should also perform as a bit of a risk...

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I'm going to try EURNZD higher again from here. rate differentials for the pair are moving higher, the current correlation to vix/US500 is strong and the pair hasn't yet caught up to move higher in vix and move lower in US500. Overall ECB was middle of the road last week but still beginning to tighten and leaving room for further tightening. NZD is also dealing...

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I like USDJPY Lower from around here if we hit the entry point. From a technical perspective JPY is currently performing very well compared to the other currencies - in particular for USDJPY we are close to moving back below the price before US CPI on Friday while the other USD pairs have continued to move in the direction of a strong USD. I think if we move...

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I think AUDCHF lower makes sense. A lot of commodities that benefit australia are lower including CNXmetal, iron, copper as well as the COPX which somewhat represents copper. AU200 is also a lot lower I think we also move lower as we go into more global tightening and stocks/risky assets continue to fall and risky currencies like AUD suffer more so than...

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I like trying EURAUD higher here. Nice double/triple bottom seems to be forming and a fairly recent breakout of a large triangle could see the pair move higher. I also think that we could start to see more risk off here and a move higher in the vix. VIX is pretty closely correlated to AUD right now as it is a risk correlated currency. We also have the ECB...

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I like trying an AUDUSD short here. from a technical perspective i think we could break this support we've had for a week or so which could cause a strong move lower as we hit stops. We've also rejected the move higher from the hawkish RBA which i think signals that the market is focused on other things - this could be that risk sentiment is likely to continue...

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I think AUDCAD moves lower this week we've had a strong move higher on the s&p which has given commodity currencies a boost recently. AUDCAD is more a proxy to AUDUSD which explains the outperformance of AUD over CAD. I still think we move lower in risk as there is global tightening conditions and geopolitical risks which should cause AUDCAD to move lower. We...