Pullback likely as EURAUD comes into support/resistance pullback at least 1fib level. RBA announcing positive news for AUD and EUR election risk still ahead
going into earnings after hours tomorrow and the iPhone 8 "supercycle" on the docket it is easy to see how AAPL can continue out of this channel up north towards fib extensions possible pull back to resistance turned support and then onwards
Going into Wednesday I forsee a strong break from the current channel we are in right now. Placing a small short trade now going to add more at the 0.382 level and take first profit at 0.236 level
I am going short on the USDJPY as Trump as increasingly shown his inability to push through his agenda. The USDJPY appears to be at the top of a downward sloping channel.
As the Fed's meeting is coming up on Wednesday no expectation of a rate change but Fed will have to address the horrible US data which will send the USD spiraling and in turn, the GBPUSD will spike up 25-50 pips. Also the GBP to pick up some steak as May fights to pull together a strong conservative government ahead of the Brexit negotiations.
I am going long on the EURAUD going into the AUD rate decision on Tuesday. Although rates will remain unchanged the Australian central bank will deliver seriously bearish news and it will put a damper on all AUD crosses. I have the most faith in the EUR going into this week with strong data coming out of Spain and the French election dissipating politic risk in...
Going long on the EURUSD after the US NFP payroll this Friday. Macron will win by a landslide if the polls were spot on for the first round they will be for the second round. There will be a relief rally on Monday morning with a huge gap up aiming for 1.1000 - 1.1100 and I'd put a stop around 1.08 but it is worth noting that if by some stroke of magic Le Pen pulls...
