An update to our intraday swing opportunity for shorts across EURUSD. We anticipate an impulsive follow through from here. Our stops have been trailed to breakeven
WTI Crude Update: De escalations of US/Iran tensions will offer selling opportunties across oil markets. - US de escalation of US/Iran tensions. Rhetoric confirmation over the coming weeks will fuel our short bias lower toward $50 per barrel. - EIS/API record supply & bearish inventory figures near backend of 2019. - Price remains largely rangebound, fading...
Intraday swing trading opportunity to key institutional level and fibonacci extension target. Bollinger Band indicator displaying 3stdv price extremes on the hourly.
The Australian Dollar continues to see deterioration in the local currency as it experiences pressure from easing monetary stimulus and the prospect of future QE. We anticipate flow on effects including slowing growth and consumer spending subsequent to the bushfire crisis. - We have added additional put exposure to both our macro and directional portfolios to...
Picture perfect technical setup here for a short play to the downside for USDKRW. - We hold a guarded optimistic view on economic recovery across the South Korean economy following revisions in growth expectations. We see slowing growth bottoming out with sensitivity now positioned to the upside and a gradual rebound across the semiconductor sector as a hedge...
While our outlook on the Eurozone and markets remain supportive, a technical opportunity to fade highs in the European stock market has arisen. We will initially look to fade highs into our liquidity bloc targets however will allow ECB/Lagarde commentary to provide ultimate macro direction across our portfolios. Sensitivity remains from the downside from here. -...
USDJPY priced well for fading opportunities from here following a knee jerk reaction to US/Iran de escalations. - Subdued VIX vol may see a large risk on event scenario as we enter equities earning season. - Response to US/Iran sanctions may see capital flow into JPY - +5.00% move on the ticket on a technical break and conviction through the 200DMA. VIX...
Price offering sellers plenty of opportunity to load up here with initial targets @ 2016 lows. We have added put exposure to our directional portfolios.
Subdued vol in the VIX may see an aggressive return to ceiling with contracting levels since August 2019. - We continue to load up on VIX calls into our vol floor into the Q2 earnings season - Call exposure added to our directional portfolio
CAD Update: Slowing growth with added bonus of cheaper oil - Commodity linked currencies taking a hit from US de escalation of US/Iran tensions. Rhetoric confirmation over the coming weeks will fuel our short bias across energy and CADxxx markets. - Poloz to confirm cautious outlook following slowing economic growth data (recent contraction in growth *-0.1% for...
We're anticipating a completion of this correction before any impulsive legs lower across this market.
USDCHF completing wave 4 & V. We will begin looking for short opportunities as price pushes into the supply zone.
DXY: C Wave Extension into 100.00 in sights Corretive completion of the C wave should see an impulsive drop from structure highs however may be creating a larger running corrective pattern. This will be confirmed over the next week or two. Follow us on Twitter! @portier_au
GBPUSD Analysis
EURUSD Analysis
Technical Insights - USDCAD has now impulsively broken the daily corrective structure indicating further downside pending a clear continuation pattern confirming the structural break. - On the lower timeframes we anticipate a pullback albeit minor given the larger correction prior. - Price action appears similar to the May 17 bearish impulsive leg down and...
- GBPUSD has now completed the larger descending channel pattern to the downside following an impulsive leg up on the LTFs, we are looking to identify a clear continuation pattern prior to taking advantage of a further bullish leg. - Larger pattern structurally, lends itself to substantial upside albeit momentum with stands following initial break - On the macro...