sufiansaid

sufiansaid

This is one of my rare "long term" trading plan (1 week is long term for me, 2 weeks is torture!.. 3 weeks? get the fudge out of here!). This is a plan the revolve around the Bank of Canada monetary policy. BOE is tightening, Federal Reserve is tightening, ECB have tapered their QE programme hence they will eventually tightening.. BOC, after several positive data...

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I am still banking on market's risk averse tone towards the U.K due to the Brexit divorce bill & Irish Border issue. I am not sure if the news of multiple attempts on UK PM May's life will weigh down the sterling but the Asian Equities market have been risk averse so far today (it it UK PM May's assasination attempt story or Trump's upcoming announcement of...

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The rationale for this trade is pretty straightforward : The headline of no deal was made yesterday and more political uncertainty surrounding the United Kingdom. No monetary policy issues is in focus right now to help the sterling at the moment as well (today). Equities market in Asian session is a bit in a selloff (Risk Off Tone) gives slight safe haven inflow...

sufiansaid

You can read my EURUSD plan. Same reason why I am shorting USDJPY.

sufiansaid

Actually there are no clear theme/sentiment today (no fresh news on Eurozone side i.e German Coalition, Monetary Policy worries or confidence, anything on QE?, anything on inflation, U.S Tax Reform mania have faded.. what now?) so I go back to the "bigger picture" right now : 1. Eurozone is in economic growth (bullish for EUR) 2. They tapered the QE and thats an...

sufiansaid

I indentify three key areas where I could short GBPAUD. I have setup a technical parameter to time my entry if the price at these levels BUT also I will also rely on what is brewing on the sentiment/fundamentals at the time the price at those levels, see if it contradicts my trading plan. (i.e if price at today's daily pivot and there were no reasons for me to...

sufiansaid

Reference : A : I was anticipating that price would go down either 112.500 level and/or the daily pivot at 112.114. I did not like the idea of Long USDJPY before it makes a meaningful correction (Banks filling their orders at better price - theory alert!). Moreover, I felt the market would price the tax reform development at 113.00-113.10. If price broke...

sufiansaid

Reference : A : The rationale was the tax reform positivity (USD bullish) and the vanishing Australian Bond Yield, expected Dovish from RBA, I made a decision to make a plan of shorting AUDUSD. The target was at a level where were clear bids in the previous session (Friday) B : It failed to break recent Demand zone at 0.75800. At this point when it moves to...

sufiansaid

Reference : A : I made a call that if a report comes out that says a deal have been made or any sort of progress, then Sterling was a currency I would buy against the Yen. I made a intraday target around 152.996 (it's 153.00 really..) B : Report came out that a good progress was made and the Sterling rallied. ( www.forexlive.com ). GBPJPY barely tested the...

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First of all, I have no idea how the outcome of this lunch will be reported. Bloomberg TV on, Ransquawk on, Forexlive.com on, fxstreet on.. etc etc. I do what I can. But my plan is clear, any reports on a deal have been strucked with EU over the divorce bill.. I will be buying Sterling. Vice versa if there is no agreement or negative outcome on the deal. I have a...

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The tax reform potentially will be the major theme for the dollar today. Even if price goes all the way to Friday's high, I will see that as technical correction before investors buying the dollar again. A break beyond that will invalidate my trading plans. The rationale for "bearish" the Euro today is the lack of fresh news/catalyst for the Euro currency. Risk...

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Refer to my EURUSD trading plan for my rationale to be bullish the Dollar.

sufiansaid Updated 

The rationale for this trade is to take advantage of the vanishing Australian Yield spread, the slowing growth, the expectancy of holding the interest rates by the RBA tomorrow.. thats my bearish rational for the Australian Dollar. My bullish rationale for the USD is ofcourse the tax reform news. Risk for this trade to be nullified (for the dollar) is as...

sufiansaid

Potential gap

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Read the chart

sufiansaid Updated 

I am looking at Market pricing in the Brexit talk at 1.3500. Rationale for bearish USD (I am actually neutral USD today) is market waiting for a development on Tax Reform debate.

sufiansaid Updated 

Rationale : Checkout my GBPJPY trading plan. I explained why I am bullish GBP :

sufiansaid Updated 

Rationale to trading plan (Long GBPJPY one) : 1. There was a news release that claim UK and EU have struck a Brexit Divorce deal which will be confirmed next Monday. UK officials denied this however but further reports after that "reconfirm" about the divorce deal 2. Equities Market have been up, signal potential Risk-On (hence Yen will be less demanded) *The...