crude correlation to cad. variant hit. less demand. dow dropping save haven potentially for jpy and chf.
Net shorts opened on this pair. watching to see how price will play out considering there will be a little move for dxy on the upside. technically looks like a little fall will also be coming in.
Awaiting final confirmations. , also inflation ,delay rake hikes, coupled with current uncertainty in equities.
Strong crude demand. causing an increase demand in cad due to its positive correlation. NZD GDP numbers good however still having issues with export due to chinas poor data and new zealand heavily reliant on china to imports in dairy products. lets see how the fundamental front might cause a catalyst for this nzdcad shorts in play. remember probabilities and...
Is there going to be a risk off environment in-play this week????
Expecting a little retracement in crude, auto- loan data showing less demand for driving meaning, retail confidence data very low which in my opinion = less driving less outing.. delta variant showing more increasing issues, travel stocks on the low. less demand for jet fuel. expecting inventory numbers to be low a little below the estimated numbers this...
With more tapering ahead and less demand for dollar due to excessive supply since last years stimulus. i see the over all dxy index heading to the downside temporarily. However looking at this pair there seems to be a slight shift of assets into emerging market funds such as ZAR,CNH,MXN,INR.. This pair looks like its preparing for a free fall and up for grabs to...
waiting for longs to get activated. dollar weakness temporarily
Slight cad weakness. euro strength on positive CPI data.lets see how this will play out
currently net short on this pair. lets see how that goes. risk low due to the large spreads on this pair
Expecting some downside on the DXY. lets see how this plays out ahead of the fed speech. risk in check!
With YEX index showing weakness.. i see some inverse head and shoulders on GBPJPY. no immediate buys yet. waiting for final confirmation before any risk allocation. for now patience and waiting to see what the market does. patience is KEY.
Net shorts.Dollar strenght. will FOMC weaken the dollar. lets see how this goes
NZD pairs building slow bullish momentum( not expecting it soon but will some some time next week or 2 ) gbp retail sales also down by -2.5%.
I see 2 scenarios on Bitcoin . either we will be trading inside a range between $60,000 & $30,000 or we crack $60,000 and we jet off to $102,000 ( over a couple of months ) in my personal opinion. either way we watch how it plays out
Skeleton analysis posted on the 10th of JULY go back and check. playing out as anticipated. now patiently wait and let the trade play out with correct risk management in place.