shadowdove

shadowdove

Bank of Japan increasing rates, jpn225 will see a correction downward as a direct result, the carry trade is unwinding. The US may start reducing rates which will further strengthen the yen for now. Watching Japanese inflation monthly from now would be a good idea to judge further trading. If they continue to increase rates, USDJPY will continue downwards.

shadowdove

Japan uncertainty + Uncertain future of the Japanese Olympics next year + BEER VIRUS = Unhappy yen or at least until there is certainty.

shadowdove Updated 

Price looking to go lower, will look to go short and scale in if price retraces. Warning - Lots of data this week, particularly with the EUR, GBP and US DOLLAR.

shadowdove

Riding long till 66.8

shadowdove Updated 

Euro weakness incoming.

shadowdove

Previous top test - Tight Stop. Daily Trade. ~35 pip target

shadowdove Updated 

I call this the Backing Boris Strategy. If Boris manages an exit on the 31st, the people will see him as the person that got things done, got the queen involved and made the bold moves. Deal or not, the closure will add certainty and business can finally adapt to the new conditions. That and EU just announced QE - One of the downsides of QE policy is that it...

shadowdove Updated 

Equities are struggling everywhere only makes sense for the oil price to drop at least until we see money flowing back into equities. When we see the markets gain confidence expect the oil to rise once again.

shadowdove

Large speculators pulling their paper shorts and future shorts. Drop in recent equities will possibly drop the price of oil making cost of mining cheaper. Silver could moon in the next few months.

shadowdove Updated 

Strength of the GBP will return with a soft brexit, a lot of where the sterling goes is hinged on the deal struck between the UK and the EU. Talks are almost over, the euro zone is already struggling and it's the interest of both sides to comes to a good trade agreement, there is no point hamstringing the economies when the US seems to be strong. The GBP has...

shadowdove Updated 

Not much technicals here, based purely on fundamentals and a healthy dose of speculation.

shadowdove

GBP looks to strengthen over the next few weeks should drive the nikkei higher as the yen correlated inversely to the Nikkei.

shadowdove Updated 

Brexit getting closer and the GBP has been weak for a very long time, there has been some heavy buying lately, the slightest news of a positive deal between the UK and the EU has shown bullshit spikes. There is a lot of upside for the sterling and i still consider it at a discount.

shadowdove Updated 

The AUSSIE has been pounded since FEB this year in this downward channel. Fears of a housing bubble coupled with the uncertainty that the royal commission brings the four big banks has shaken the courage people have in the currency. Banks have raised rates yet the RBA does not see a rake hike anytime soon, 1.5% remains the cash rate. Australia is also in the...

shadowdove Updated 

Things are still pretty uncertain with the FED unwinding the balance sheet which has never been done before, the technical looks like a short for the euro for now and the COT reports are showing non-commercials pulling long positions and adding more shorts. It looks like there is still a down side to the euro. The yield curve widened on US treasuries. Things to...

shadowdove

~64.50 then 68 above.