We like the odds of GBP weakness vs CHF and potentially CAD as well.
MPC member Gertjan Vlieghe said he would vote for a cut in interest rates later this month if key data do not show a bounce in the economy.
This breakout scenario looks compelling.
Off the beaten path, EurCad still remains a valid short opportunity after yesterday's bearish close in line with the overall trend.
Ahead of NFP tomorrow there might not be much movement but Cad strength has been a theme all week, and the Loonie has been unperturbed by neither the Oil retreat or IVEY PMI.
Selling at market near 1.4500 is good value for a test at...
Gold remains in a strong uptrend and has remained supported even though there is no further movement in the Middle East after Iran's retaliation.
Reflation? Usd weakness? Whatever it is, buy Gold on dips.
Subscribers were alerted to yesterday's buying opportunity. Today simply manage open positions.
Signals for USDJPY remain bearish
into the week, on the back of tensions
in the Middle-East.
We like shorts anywhere in the 108.00 to 1.0820 zone. Target is 107.00.
As usual, keep your eyes/ears on the wires as these moves are headline-driven.
Sentiment turned negative last week and prices fell over 3 Big Figs forming a weekly bearish engulfing. This leaves signals bearish for the coming week and the call is to sell cautiously on the open and then at Tuesdays' low at 142.38. Targets are to the December 2019 bottom at 140.82, the November 2019 low at 139.30 or even the 61.8% retracement of the Q4...
Momentum remains negative on the Dax,
and risk off flows have pushed prices down
almost 1.5% today.
We like the odds of pullback shorts to 13000
or, with tighter stops due to the daily extension
potential breakout shorts through today's low.
CAD has gained strength after a boost in Crude Oil prices yesterday plus a hawkish hold from the BOC.
We like further downside in USDCAD. Caution on OPEC meeting today.
Keep your position small, if you want to take advantage of this trade opportunity.
GBP remains in favour on YOuGov polls showing a Boris Johnson victory in the upcoming elections.
Yesterday's Neutral day showed rejection of the lows and points to continuation higher, especially after poor AU GDP.
The call is to buy at market with a stop loss below today's lows.