eddy121384

eddy121384

Take Profit: 126-00 Stop Loss: 128-120 Reason: NFP on Jul 5th beats expectation and lower 50 bps rate cut expectation in Jul. Also rate bias is currently biased by large compared to 60 MA. Both Weekly and daily MACD now support rate to rebound, upside risk is now greater than downside. Might be a chance to short TY. But since the overall economic outlook is still...

eddy121384

Risk-off on the worries of global economy slow down continues as US-China trade war esclates, and the sentiment seemed to dominant OPEC production cut. Price fall below set of MA suppports, and there's no obvious support around. Might sending a signal of further down trend. Weekly MACD histogram remains in the positive-down zone, leaving rooms for further decline.

eddy121384

Wheat price rebounded from low of 420 recently, and failed to berak the previous low in Feb. Seems to have potential to from up a W shape buttom. Technically, daily MACD and stochastics have bull divergnece signal and weekly MACD histogram is now sloping up. thus would bet on a rebound to come. This is a trade that assume to have potential before Jun. according to...

eddy121384

An chanve to long USDCNH 1. News on that US government is going to raise tariff againt China import from 10% to 25%, starting at 5/10, which is very near and surprise the market since the whole market is expecting trade tension is about to end this month. USDCNH jumped above 6.81 level after open on Monday. Though traded down a little, but keeped raising in...

eddy121384

Idea GBPUSD seems to forming a triangle now, with support level near 1.30 and pressure getting lower. However as the Berxit issue remains a huge uncertainty, would not bet on direction now but wait for break from either direction then follow the new trend.

eddy121384

Important News 1. UK blocked no deal Brexit, Sterling boosted 2. US-China trade talk continued, was said to give China until 2025 to meet its commitment. Market continued being optimistic. Comment: Rate: US rates continued to rise with 10-year yield climbed over 2.50% level, given that the market continued being optimistic about the outcome of US-China trade...

eddy121384

BTC jumped for no reason at noon, technically, it breached the upper resistance of nearly a quarter (which is about 4150), and most MAs are now sloping upward. The buttom has already formed in the first quarter with higher lows, might have chance to grow further.