Going short AUDJPY at 98, open target.. Historically market correction in S&P brings this pair down quickly, just not sure if it will come from the JPY or AUD portion vs the USD?
AUDUSD reversal from 1.0290 top last night not looking good.. What happened to Gold seems to likely want to happen to the Aussie as well (Ashraf also saying negative CAPX spending results last night not a good sign), i.e. it will collapse under its own weight, before any stabilization and resumption in USD weakness.
The commodity crosses against the JPY were looking very toppy last week and today didn't disappoint. Lesson for those new to forex.. dont chase the market when the big move has already happened and dont use much leverage because the brokerages know the distribution of margins and positions in leveraged accounts and how they can close you out in a hurry! Today's deleveraging in JPY crosses was classic after yesterdays news announcement regarding a dovish BOJ head.
AUDCAD has been steadily rising from 0.99s to now at 1.0365ish, at the same time yield differential has narrowed and aussie rates wont be going up anytime soon.. In poor economy and risk selloff, Aussie lags CAD. In good economy BOC will raise rates before any changes by RBA.. A no brainer short if you can handle the short term volatility! Going short in AUDCAD at 1.037 for 1.0150s target.
GBPUSD pullback may come, more likely powered by short covering in EURGBP. For longest time most analysts have been picking 0.8050 as target in EURGBP (likely why sterling has been on a tear), and I wouldnt be surprised to see the opposite happen now and EURGBP to get back above 0.82's before any resumption of downtrend?!!
NZD/USD looks like its ready to break that 200 pip range its been keeping since early march... I Like the downward break, but hedging with a short USDCAD in case there is short term risk on...
Rally in risk with AUDUSD as usual cheerleader looks unconvincing. A pair like AUDNZD not holding onto overnight highs at 1.2650s after great Australian jobs data is saying something. Fundamentals relative to NZD tilt in favor of AUD, the latter stalling around previous 1.0440s congestion area. IMHO todays rally looks like a head fake, as retail positioning seems to have tilted to long for AUD and CAD implying more aggressive losses if Chinese GDP disappoints tonight.. Any thought?
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(11 months ago)
Poor start to a slow market day as Ezone PMIs disappoint. Im still keeping an eye on the rare (-2%) USD-GOLD combo,… https://t.co/UyRzWsRbs7(11 months ago)
-5% YTD is not good, while -7% from the year highs can be tough. Gold traders have their eyes fixated on this for n… https://t.co/NV5UMKsfNo(11 months ago)
ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (11 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (11 months ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (11 months ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(11 months ago)
إستعمال تحليل الإنترماركت والتحليل الفني الكلاسيكي لتداول الذهب و الناسداك و السندات. شاهد هنا
Using intermarket technicals analysis to trade XAUUSD Nasdaq100 and Bonds.Watch here.
Latest Hot-Chart - May 16
Dax 200 DMA Deviation
You remember we went short Dax40 in late March based on the 13% 200 DMA extension, which gave us at least a 500-pt gain.
View Hot-Chart..
Going short in AUDCAD at 1.037 for 1.0150s target.