WillSebastian

WillSebastian

After a drop in rates and forecasts of recession into next year, we have seen NZD weakness. This is flowing through the range bound/close correlation AUDNZD pair. Levels exist higher, and lower. Not ideal for shorts yet as sentiment is still well within force and providing momentum.

WillSebastian

NZD weakness feeding in post RBNZ decision + CB rhetoric (recession impending). Dragging currency down, CHF remains strong. Difficult Sentiment case, would take any sizes very light.

03:46

WillSebastian

Inflation rose in the UK to 2.2%, just below the 2.3% forecast. This has put chances of cuts in Sept up slightly, nearing 47%. This also has not really changed the picture for the GBP (VS the USD). Likely Markets are awaiting CPI out the FED. Any shock miss could spell a string of issues for the US economy, and the US dollar.

WillSebastian

Harsh momentum from from the EUR vs the USD is taking us straight back to previous price action areas. The force at which we are travelling makes short side entries slightly more dangerous. Would hold off. Higher areas have much more weight, would not be surprised if we travel there if CPI data causes USD weakness (dovish). Also NOTE GDP data out the Eurozone....

WillSebastian

Tomorrow, we have key CPI data out the UK and US. As a key economic factor this could shake markets, particularly assets like GU. Stickier inflation may lead to delays in rates, so if one supports a hawkish stance, one supports a bearish stance, we may see a wide deviation. Thus far, via the long term trend, GBP strength has reined over USD weakness, this case...

WillSebastian

Markets are cooling off after worries post US data. We have more US data today, any more upsets could cause EUR inflows and shorting of NZD and Antipodeans alike. Levels noted.

10:30

WillSebastian

Hedging is at the core of risk management for many Traders. It has to be done correctly however, and proportions must be accurate. Risk plans are what make trading work, so this may be an interesting avenue.

WillSebastian

This week holds many events for the US, but also the UK. Economic data like CPI will give further indication of the directions either CB will take. This, in turn, will affect the price of GBPUSD and it's trajectory. Trends start and end due to data. Continuous results supporting one direction cause longer term moves as we can see here.

WillSebastian

Going into Mondays session we can reflect on the long and short term price trajectory undertaken. Rebounding off from lows, dropping slightly under (stop hunt) price is now rising on strength in the NZD, weakness in the USD. If sentiment continues on the 'soft' side we may see further rises. Anything back to how markets were? falls.

WillSebastian

USD MXN fell into last week, bring us to key support into Monday, May see rejection following this and a bounce on local PA levels.

WillSebastian

AUDJPY has drifted higher as market fears are relieved. Relieved, but possibly temporarily. Any further misses in US data will likely scare Markets, and this is before anything out of Japan as well. Light sizes most recommended to protect against inherent risk. Never gamble.

WillSebastian

Every now and then, you will see consecutive lower highs and higher lows. What does this demonstrate? It shows that the prices trades are willing to buy and sell at are closing in. Orders are getting tighter, as are exits. This is often reflective of a lack of sentiment. Gold, particularly, has abandoned its traditional risk driver. Even in times of turmoil, it...

04:50

WillSebastian

Canada Employment data comes shortly. It's best to assess markets properly and plan pre move(s). Here's how.

WillSebastian

GBPCAD, similarly to other GBP pairs has been hit lower on a weaker GBP, following risk off waning. Long zones approach. Great time to kill all shorts in prep for potential rebound.

WillSebastian

GBPAUD has fallen on a more hawkish RBA and a lessening in Risk off sentiment. AUD tens to lose value in these times, and major economy currencies gain. Long zones below, no real shorts until a larger rise occurs back to key resistance.

WillSebastian

Price has fallen from repeated highs as Risk Off sentiment wanes. Preferring long ATM on current re-bound. Risk off continuation is reasonably likely and would probably spell a continued move back to highs in the near term. Anything lower, constitutes longs also.

WillSebastian

Many Traders are wondering what is stopping Bitcoin from just continuing lower? Well, it's simple. Markets run on Sentiment, and sentiment runs on Data. The rebound we have just had has brought price much higher into key resistance. One print out the FED that tells investors they should have indeed kept selling is all it will take for price to fall...

WillSebastian

It is very helpful as a trader to split Market scenarios into two categories; risk on, and risk off. Risk on environments are times when risk is ON for traders. They want to invest, and take risks. The SPX, for example, is one of these assets as there are some stocks which have higher inherent risk based on their history. Risk off environments are when we see...