Over the weekend, the major news has been centered around Brexit and the situation in the Ukraine / Russia. With May's Divorce deal likely to be rejected by the house in the weeks to come. (This is my primary trade to end 2018) The market is focused on all things brexit. With Russia detaining Ukrainian vessels and injuring Ukrainian servicemen in the Process. The Ukrainian defense Minister has referred to this as an act of war.
My Feeling is with the addition of the US / Mexico border Closure there will be slight risk off. I like GBPJPY to be drivin lower through London.
My Feeling is with the addition of the US / Mexico border Closure there will be slight risk off. I like GBPJPY to be drivin lower through London.
Trade active:
Risk assets are seeing bid. This does basically negate the idea. JPY pairs are underpinned. I have reduced risk to 11 pips. Brexit is still a core focus. If I can get +- 20 Pips I will just close it there.
Trade closed manually:
Closed the trade at break even. Good result when you have gotten it wrong.