Rationale for the plan : 1. 'Hawkish' statement from Powell 2. Equity markets as of now is positive. Potential Risk-On mode today. 3. Technical Sentiment is bullish USDJPY as price making higher-highs /lower lows since testing 110.900 handle R isks for the plan (that could invalidate the plan) : 1. Poor U.S Prelim GDP numbers later (Forecast 3.3%, Previous...
Rationale to short EURUSD : 1. Market pricing in the positive progression on German politics (coalition), lack of fresh news coming out of it, I am neutral on Euros right now (but keep my eyes peeled for the German CPI) 2. The "hawkish" statements by Powell, it should make the dollar supported for the day at least. 3. Technically, EURUSD making a lower-low...
Rationale to be bearish USD : 1. Tax Reform uncertainty 2. 10Yr Yield still weighed down Rationale to be bullish YEN : 1. Least greedy market today , safe haven flow 2. Oil been down, market offload risky assets
Rationale for Bearish AUD : 1- Is there are a reason to be bullish AUD today? (I could be wrong!)
By default I am bullish the Euro as economic data shows growth/positive in the past weeks and positive development on the German political issues (Merkel and co). I am somewhat Bearish on the USD with bets that investors still thinking off the inflation worries stated in FOMC meeting, the tax reform uncertainty. Though this is at least for Monday as plenty of U.S...
With the fundamentals looking bullish, I am looking at a price rally reaching $70.00 by the end of Q1 2018 or mid Q1 2018
Rationale to be bearish GBP : 1. This is short term trade (at least that is my plan), news feed suggest that market shift their attention to Brexit (UK PM May meeting in Brussels on Friday), so until a confirmation, there is uncertainty and that usually pressures the Sterling. Plus this is a range dip trade Rationale to be bullish Yen : 1. Currency correlation....
Not a trading plan. It will be interesting if clusters of offers around 1.8800 and 1.8900 would be enough to reverse the price
I am not exactly bullish on the dollar with issues that US Special Counsel Mueller has issued a Subpoena for Russia-related documents (lead to potential risk-off sentiment / bearish USD). But there is also a fresh bearish driver for the euro (and the market seems react that way.. so far anyway) Rational for bearish EUR : Germany coalition talk over the weekend....
Rationale for Bullish AUD : 1. Hawkish comment by RBA's Lowe yesterday, stating that change of rates in the future will be likely raising rates instead of cutting it Rationale for Bearish EUR : 1. Germany coalition talk over the weekend. Failure to agree could lead to new elections. Political uncertainty
Rationale to be bearish EUR : 1. I still expect the Germany Coalition political issue going to weigh down the currency today. Rationale to be bullish GBP : 1. Good news on the Brexit deal *For more details on my rationale, checkout my trading plan for EURJPY, EURUSD, GBPAUD
Rationale for bullish GBP : 1. Market took the latest development on Brexit divorce bill as positive. UK Fin Minister Hammond was confident of a deal will be strucked before EU Summit in December Rationale for bearish YEN : 1. Potential Risk-On sentiment (Equities market Europe closed with all green yesterday and Asian Equities market now is Up) 2. Not to...
Rationale to be Bearish AUD : 1. Dovish undertone of the recent released RBA monetary minutes (you can also check my AUDJPY trading plan, detailed rationale why I am bearish AUD). SO this minute strengthenes my personal conviction AUD is Bearish Rational to be bullish GBP : 1. Apart from the economic data (bullish for GBP), there some positive news regarding...
Rationale of Bearish AUD : 1. Last week, the risk-off sentiment did not help Aussie one bit (During risk off mode, AUDJPY always trading heavy : bearish). If the risk-off continues, I am expecting atleast a choppy AUD move on Monday, if not continuously pressured due to the next point – (bearish AUD) 2. RBA meeting 7th November 2017 was deemed as Dovish by the...
Rationale to be bearish the NZD : 1. The ANZ-Roy Morgan consumer confidence index eased to 123.7 from 126.3 in the previous month. A reading above 100 shows optimism, while a level below that indicates pessimism. (bearish NZD) 2. The Bank of New Zealand-PMI (PMI) fell 0.4 points from the previous month to 57.2 (bearish NZD) 3. Concerns over the policies dari...
Rationale to be bearish GBP : 1. Ongoing uncertainty on UK and EU over the brexit divorce bill – (bearish GBP)**major concern for the market Rationale to be bullish YEN : 1. Risk off sentiment, safe haven