FX_Trade_Plan

FX_Trade_Plan Updated 

Overnight we saw the Aussie take a a hammer blow. With below-forecast Australian Q4 GDP signalling that the country officially entered a “per capita” recession for the first time since 2006. The Aussie was originally pressured by Governor Lowes reiteration of his neutral stance whilst he also noted that is hard to see an RBA rate hike this year. This is what he...

FX_Trade_Plan

Today the sentiment is that there will be significant pressure on the pound. Trumps comments that the Brexit deal is a good deal for the EU and that the UK may not be able to trade with the U.S. have initially trigged sterlings sell off this morning. Those comments have been watered down to an extent by a UK spokesperson clarifying that the UK can make trade deals...

FX_Trade_Plan

After my colossal mis-read of the risk sentiment I managed to get out of GBPJPY at breakeven. I now expect the Kiwi to be bid as a more risk on sentiment and recent bounce in economic data should support the antipodean currency. Given the risk on tone and the combination of strong Asia equities close and Kuroda's comments pouring water on any plans to scale back...

FX_Trade_Plan Updated 

Over the weekend, the major news has been centered around Brexit and the situation in the Ukraine / Russia. With May's Divorce deal likely to be rejected by the house in the weeks to come. (This is my primary trade to end 2018) The market is focused on all things brexit. With Russia detaining Ukrainian vessels and injuring Ukrainian servicemen in the Process. The...

FX_Trade_Plan Updated 

With oil prices going to the floor, I am seeing no reason for any strength in the Loonie. Risk sentiment is recovering right now which should be USD supportive. There is a NIce little demand zone right in the 38.2 pull back of today's rally on the 15m chart. I have a stop set below 61.8 and looking to take pips at the 127 extension. I am am in so we will see how...

FX_Trade_Plan

With the DXY still above 93.00 and yields pushing multi year highs, and Core PCE which is the FED's inflation measurement now at 1.90% there is a strong case to be bullish the USD. Having seen a cool down in regional risk sentiment and the unexpected miss on Japanese GDP i can only see the pair going one way. There is a positive rate differential and central bank...

FX_Trade_Plan

Overnight, We have seen USD yields touching 3.1% 7 year highs. We are seeing the market starting to price in 4 hikes in 2018. The USD has pulled back somewhat overnight. The yield differential, the DXY holding 93.00 and an upward revision to Retail Sales make for a strong USD picture. Overnight we have seen some risk off as North Korea have threatened the...