vietbach1990

vietbach1990 Updated 

This morning as the beginning of Asia session you can see that the market bid up AUD prepping for a good Trade Balance Data. This is kinda hit and miss historically, I just did a quick statistics analysis to data release since end of 2013 and the missed forecast currently at 49%. Not very encouraging for a certain bet. The price action up until the announcement...

vietbach1990 Updated 

Draghi is due to speak tonight during the ECB Press Conference. I guess today this is all market will talk about. The morning session up to this point has not hinted much, aside from EURAUD moving up due to AUD bad data, the rest is kinda sideway. Running into this event I don't have any particular insights, given the structure of first statement, followed by Q&A,...

vietbach1990 Updated 

The USDCAD pair has been sideway after a quick drop and rebounce as 3 of the Fed members spoke dovishly. Today is gonna be a big day for CAD. Generally since Bank of Canada is expected to keep rate, the hint will be in the statement so we may see a bit more volatility back and forth during the announcement as people figuring out their next move. Looking forward...

vietbach1990 Updated 

This is another CAD pair that I look to play. GBP's news this week has not been positive while the coming expected good news such as Manufacturing Production m/m is on Friday and in my opinion the rally yesterday is quite premature especially with CAD rate decision due today. The analysis is related to my USDCAD pick, looking at price action so far the GBPCAD...

vietbach1990

There is not much news coming out of JPY so I kind of ignore the currency coming into the week. However early Monday, with the Korea missile launch I knew JPY should be bought but did not take much action. In this case, the best risk-off play is to pair JPY with a risk currency that is expected to be weak (in this case USD as AUD, CAD, EUR is expected to have...

vietbach1990 Updated 

Today AUDUSD has risen since morning anticipating good Caixin data. The better than expected release pushed price even further and gives people who trade into the news chances to take profit. The subsequent drop of can be a combination of taking profit and also market pricing in a Dovish RBA statement due soon. Also according to IG Sentiment statistic, retail...

vietbach1990 Updated 

My Fundamental Scorecard indicates a continue EUR strong going into the week (Rank 1 amongst major currency). On the other hand the recent weakness from NZD stemming since Governor Wheeler's speech yesterday set it as weakest amongst the Major currency. We use today's Unemployment rate and CPI release as a trigger for a stronger EURNZD pair. Looking to go long if...