Here we are trading USDJPY at the highs in the range with macro risk-off themes still remaining in play and unchanged despite how the local news is selling the extended bull market. On the monetary side, BOJ clearly have their hands tied with the ECB/FED coordination. To put simply, any BoJ easing will follow ECB/FED which will be positive JPY via risk factors....
An update to the AUDJPY chart as we continue in the positive US-China trade 'deal'. Asian FX is benefiting from this party as witnessed with USDCNH starting to turn down, and both AUDJPY & NZDJPY clearly breaking higher. Most of the usual commentators are remaining suppressed via the absence of detail and the fact that (slightly less) protectionism is still...
I wont be covering the macro here today as I have widely mentioned it in the latest Telegram posts. There is a palpable difference in market perceptions around risk, and with that comes opportunity to capitalise on the mis-pricing. Japanese banks have been shrinking foreign exposure and reducing JPY loans, this is a push up factor for JPY and will help us...
A good time to update the EURJPY chart as we start trading above the key psychological 120 level. As widely expected for those following the live coverage in Telegram EUR is finding a strong bid across the board: For the long term map: The flows are simple today, completion of the ABC sequence at 121.219 while the extension at 123.782 will imply we...
A good time to update the GBPJPY chart, lets start by firstly digging up the leg we are following: So far a very good example of how to trade waves, we are now tracking the ending of wave 2 and a transition into the impulsive 3rd leg in this journey. The invalidation for this entire move comes into play above 136.0x ...I am wary of a sweep and remain cautious...
We are going to dig deeper into the fundamentals and technicals for CADJPY . For the Fundamental side we have the US sneezing and with investors quick to diagnose it means CAD will also suffer and begin to weigh heavy on the crosses as we enter into election mode. On the BoC side, they have been sat on the sidelines all year long with rates stuck at 1.75%....
Following the Fed, the Banks of Japan, Switzerland and England announced their decisions on the parameters of monetary policies. They keep interest rate steady. Accordingly, there were no large movements in the pound, yen and franc parities. Although it is worth noting some strengthening of the yen following the Bank of Japan decision. Kuroda (the head of the...
Here we are tracking the last chance for bulls to defend the retrace, the 2017 lows are vulnerable and going to prompt a correction in rate differentials. On the European side , the boat has been heavily loaded on the sell side for some time and smart money is now sniffing for any changes in fear of overstaying. Expectations for ECB easing is ticking higher and...
What are we trading? Adding short exposure here is recommended as EUR volatility fades into the distance via flight to quality (USD) flows. A strategic short in EURJPY outguessing no new announcements in April from ECB and a continuation of focus on further easing and details of the new TLTROs and whether we will see the 'tiered' system. The ECB will likely...
After some positive news from Moody’s last Friday on Italy the headlines are starting to fade making this morning a great opportunity to start getting short EURUSD and EURJPY around current levels. The ECB introduced a risk premium on the EUR which is only going to increase as the EZ outlook softens. I like playing EUR against pockets of USD strength as we have...
FX:USDJPY 1)Bearish as price actions keeps drifting lower below 50-EMA 2)Kuroda's YCC is a joke! That's all it is. Mother forgive...
Now looking for set up and second entry on this pair, the upside movement yesterday is just part of the natural movement, also part of my last plan for this pair in November 2nd. Target still the same. Have a Good Weekend! Cream Live Trading, Cheers!
Looking for set up on this pair, after a quick rally just for speculation and some newbies from Europe's Bank who put too much money on it misleading calculation, this strong pair is now into Chinese shoes and that's the reason why is not going down as rejection, 'cause already broke the zone. However market's pressure is bearish. Have a Good Weekend! Cream...
Nice Hawk to ride on. Almost ready to pull the trigger. Easy but slow movement with Target around 142.260. Converge with YEN majors pairs. Have a Good Trading Week! Cream Live Trading, Cheers!
This Pair is struggling a bit into this level, but has a large downside potential to pull the trigger, sell an hold 125.062 seems to be a clear level to find rejection so good to close position then. Convergence with GBP and USD. Have a Good Trading Week Cream Live Trading, Cheers!
Big possible short position on FX:USDJPY this pair is showing something else that numbers doesn't match in the equation, this is a warn issue to consider, 'cause seems to be hard for the pair do what it has to do, that's why I draw a vertical line in case of price should touch that levels into that period of time. In case it doesn't we may see a big impact news...
We can see strong support at 132.3 respected throughout whole last week where last daily candle indicates bullish engulfing Each of last 5 days has higher highs and higher lows - we can sense decent bullish momentum starting here
roadmap for the next four months or so keep crankin those rates yellen! if the fed starts reducing the balance sheet faster than expected, the markets would capitulate. in any case crypto seems a good bet given draghi and kuroda literally cannot stop printing money. inflation will hit us eventually, probably 2019-2020. then we'll have transitioned to an era of...