Блог JonSnow
Next Week Trade Ideas
Listed below ideas assume that US dollar will rise modestly before Yellen's Congressional testimony on Tuesday & Wednesday. Ideally, I would like to buy the dollar lower when other currencies rise a little on Monday and have these trades a bit ahead in the green when before Yellen speaks. If she sound dovish all the trades should just brake even, but I'm hoping to hear some clues that markets will take as a signal for March rate hike. If so, buying US dollar should be quite profitable next week.…
Open Trades
As of this morning I have the following trades opened:
Short EUR/USD opened at 1.0700 targeting 1.0620- 1.0580 levels. Many say that this pair is going nowhere and I do agree to some extent but it really should move closer to 1.06 before going up again.
Long USD/JPY - targeting 112.90 - 113.40 area. I keep hearing that the pair is going down to 111.00 or even 109.00 but at the moment the sentiment is overshadowed by the high profile meeting that will take place tomorrow in Washington. This has…
Short EUR/USD opened at 1.0700 targeting 1.0620- 1.0580 levels. Many say that this pair is going nowhere and I do agree to some extent but it really should move closer to 1.06 before going up again.
Long USD/JPY - targeting 112.90 - 113.40 area. I keep hearing that the pair is going down to 111.00 or even 109.00 but at the moment the sentiment is overshadowed by the high profile meeting that will take place tomorrow in Washington. This has…
Risk Aversion The Name of The Game.
Market sentiment has deteriorated during the Asian session and worsened at London opening. Once again the Japanese Yen is emerging as the winners along with US dollar which made gains against all other currencies except Yen. For euro and the British Pound it's surfacing new worries about the future of EU and its common currency as the political climate is becoming edgy and unclear once again. The antipodean currencies behaved relatively well considering sudden dollar & yen rise, but not without …
EUR/USD Sideways Trading Expected
The US dollar is on the defensive and it seems this will last for while longer or at least until there are more details available about presidential plans to bust the economy. NFP did not help the dollar but perhaps the FED will(Yellen's testimony in Congress). So where do we stand now?
While I do see that some currencies might go a bit further to appreciate(especially AUD & NZD) I have a hard time believing that EUR/USD is going to crack 1.0840 level. So far it didn't event reach it and it was …
While I do see that some currencies might go a bit further to appreciate(especially AUD & NZD) I have a hard time believing that EUR/USD is going to crack 1.0840 level. So far it didn't event reach it and it was …
EUR/USD Levels to Watch Today
Depending what happens today during the ECB press conference the pair will:
- quickly go up to 1.2360 and only if that level holds we can expect it to reach 1,2420-30 price zone - even if it manages to go that far, it will be a short lived move
or
- we get a clear QE message/plan(a date perhaps) and the pair goes down to 1.2220 first and much further beyond that level in the coming days
Enjoy your trading
- quickly go up to 1.2360 and only if that level holds we can expect it to reach 1,2420-30 price zone - even if it manages to go that far, it will be a short lived move
or
- we get a clear QE message/plan(a date perhaps) and the pair goes down to 1.2220 first and much further beyond that level in the coming days
Enjoy your trading
EURO Slowly Bleeding Lower.
I'm in a short EUR/USD trade with a TP set at 1.2369 but I'm second guessing myself now if I should move the TP lower.
US dollar has made a very impressive comeback today and with ECB interest rate decision and the following press conference in less than 48 hours there is a real chance that it will go much lower than the level around 1.2360. And there's NFP on Friday as well predicted to be another dollar fueling event.
For all those of you who are on that trade right now - how low do you thin…
US dollar has made a very impressive comeback today and with ECB interest rate decision and the following press conference in less than 48 hours there is a real chance that it will go much lower than the level around 1.2360. And there's NFP on Friday as well predicted to be another dollar fueling event.
For all those of you who are on that trade right now - how low do you thin…