JonSnow's Blog

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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…
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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 …
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