DavidFXMarkets

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Joined
Global Macro Investor
Markets Allocation
100 % forex
Top Mentioned Symbols
EURGBP 22% | 2 AUDUSD 11% | 1 NZDCAD 11% | 1 USDZAR 11% | 1
DavidFXMarkets DavidFXMarkets EURGBP, D, Short ,
EURGBP: EUR/GBP d1 possible sell medium / long-term
45 1 1
EURGBP, D Short
EUR/GBP d1 possible sell medium / long-term

I think it is one of the best trades in upcoming weeks, months. GBP has a very good potential to strengthen, governor Carney suggest in recent comments, repeats a hike may be appropriate in upcoming months, so the Central Bank is on the hawkish side. What is more, nowadays GBP is not appreciated as it should be, despite Brexit case. So there is some room for GBP ...

DavidFXMarkets DavidFXMarkets EURZAR, W, Short ,
EURZAR: EUR/ZAR possible sell medium/long term
56 0 4
EURZAR, W Short
EUR/ZAR possible sell medium/long term

Prons: 1. EUR/USD has potential to weaken - the price now is inappropriate to conditions in Euro Area - flat GDP which can negatively affect CPI in the future, 2. CPI is still far from ECB inflation targets - it will take a time to be confident about inflation growth and GDP, 3. Commodities like Gold have potential to growth in the future - it will positive affect ...

DavidFXMarkets DavidFXMarkets NZDUSD, D, Short ,
NZDUSD: NZDUSD sell d1 medium-term
83 0 7
NZDUSD, D Short
NZDUSD sell d1 medium-term

The price of NZD is inappropriate to economic conditions in New Zeland. The Reserve Bank of New Zealand wants NZD lower. The trade-weighted exchange rate has increased by around 3 percent since May, partly in response to higher export prices. A lower New Zealand dollar would help rebalance the growth outlook towards the tradables sector. The last CFTC Commercial ...

DavidFXMarkets DavidFXMarkets NZDCAD, D, Short ,
NZDCAD: NZDCAD possible short medium/long term
63 0 3
NZDCAD, D Short
NZDCAD possible short medium/long term

Prons: 1. OIL price and economy cycle which shows that commodities should go up (in long period of time), 2. Reserve Bank of New Zeland (RBNZ) Rate Statement & Monetary Policy Statement is on dovish site (as before), 3. Possible shifting in Bank of Canada Monetary Policy, 4. Global growth should positively affect on OIL price. Cons: 1. If dollar index go up, then ...

DavidFXMarkets DavidFXMarkets EURGBP, D, Short ,
EURGBP: EURGBP sell medium/long-term
78 0 5
EURGBP, D Short
EURGBP sell medium/long-term

Prons: 1. The last CFTC Commercial (Banks) report shows 5,850 long and 23,571 short for EUR/GBP X-rate, which is 4:1 ratio for sell EUR and buy GBP, 2. Preliminary CPI for Eurozone is not yet as good as expected, so the price for Euro now is not appropriate. Core CPI is still subdued, but Mr. Market buy Euro now because of assumption that there is a possibility in ...

DavidFXMarkets DavidFXMarkets USDCAD, D, Short ,
USDCAD: USDCAD possible short position medium/long-term
112 1 8
USDCAD, D Short
USDCAD possible short position medium/long-term

The price now is inappropriate (is too high, but it doesn't mean that it cannot go up higher) to conditions, which are currently on global markets (us monetary policy, possible shifting in cad monetary policy, oil prices...) There is one obstacle to fulfill this scenario - it is dollar index. If us dollar go up, then usdcad probably will consolidate or even go up ...

DavidFXMarkets DavidFXMarkets CADJPY, D, Long ,
CADJPY: CADJPY possible medium/long-term trade
72 0 4
CADJPY, D Long
CADJPY possible medium/long-term trade

Prons (very shortly): 1. CAD is strongly correlated with oil price, which bias is on long side (long-term); 2. The Economic Cycle shows global growth which is going to broaden and continue; 3. Monetary Policy in US will probably affect on canadian economy and future path of canadian rates; 4. Bank of Japan Monetary Policy is on negative side with negative tendency ...

DavidFXMarkets DavidFXMarkets USDZAR, D, Short ,
USDZAR: USDZAR possible short medium/long term (carry trade)
146 0 7
USDZAR, D Short
USDZAR possible short medium/long term (carry trade)

The pair USDZAR has quite good positive swap, which can lead to additional profits (carry trade). The last CFTC report shows that Commercials have DXY (dollar index) 10,674 long and 59,033 short. It is almost 1:6 ratio, so it can lead to correction on DXY. Presented idea is only an assumption, one of many possibilities which can happen. The price can do ...

DavidFXMarkets DavidFXMarkets AUDUSD, D, Short ,
AUDUSD: AudUsd possible sell medium/long term
96 0 4
AUDUSD, D Short
AudUsd possible sell medium/long term

The current situation in Australia (rising credit debt, hot housing market, etc.), the tone of the Central Bank of Australia (neutral, but strengthening AUD may complicate economic transitions) and the strengthening of the dollar index point to the potential sell of AudUsd.

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