About meTraded 25 years for banks as market maker in the beginning then as a prop trader then as head of an fx desk. Retired 2 years ago. Manage my own trading account mainly on a discretionary basis and manage a small fund regulated by the FCA systematically.
One of the biggest movers overnight, JPY is down 0.41% vs USD in the G10 space. CitiFX Technicals points out that 10y in US have broken out and real yields are pushing higher. 10y JGBs still stay in the rare negative area suggesting USDJPY should push higher. We would caution around chasing this move here but expect to see buyers around 111.40-50 area. Yields...
USDYEN: On the left daily time frame. 111.35 the 200 SDMA
On the right short term 111.40 (rejection high). 111.37 (low 26 OCT18)
Thats the frist serious resistance followed by 111.55 then 111.77/80.
I am flat looking to sell.
EUR/USD has room to extend recent gains but bulls will tread cautiously ahead of Fed Chair Powell's testimony to Congress on Tuesday and Wednesday and also euro zone inflation data. The U.S. decision to delay additional tariffs on China and news on Friday that Fitch Ratings affirmed Italy's BBB rating have underpinned the current EUR/USD lift. Bulls are...
This Ripple is very stinky. Does not seems to be able to rally at all.
A succession of lower High. Looks like the 0.2775 then 0.2476 are a good
base for the time being but for how long?
Would not be a bad idea to go tiny long there. Technically speaking these levels
hold since August 2018... but the problem will be the slippage.
I presume that a lot of stops...
AUD: Clients were buying AUD last week and overnight on the positive trade news. The positioning is fairly clean in AUDUSD.
The key level to watch is 0.7230/40, the level before the dovish RBA earlier this month. I’d be a seller up there if nothing changes in the domestic story
in Australia. Support comes in at 0.7100, 0.7060, 0.7020.
#USDSEK maintains a bullish “triangle” continuation pattern, as well as an existing base from April last year, keeping the risks higher. We see resistance back at the 2016 high at 9.4482,
with potential long-term trend resistance seen at 9.4818, which we expect to cap at first. Big picture though, the “measured triangle objective” is set much higher at 9.6176.
Right at the former resistance now support @ 0.9980/1.0000. Short term resistance now at 1.0020 then 1.0095/10. Under this 0.9980 I guess people
will get frustrated and we might see quickly 0.9910/15 the next support zone area. No good risk reward right now. If we look at the components,
EURCHF is mildly bid above his neckline and EURUSD is in no man's land right now.