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Market close for Christmas

AdamFx42 Posted 24 Dec.  in #Trader's blog #USD Weaker #EUR Stronger #GBP Recovering
While the market closes down for Xmas interesting currency levels become clearer
Usd weakness continues and Usd/Jpy is challenging 120 to the downside
Eur emerges a stronger currency and seems set to break previous highs after the retracement
Gbp/Usd is building support above 1.48, Aud and Nzd are stronger against the dollar, too
With thin liquidity and most traders home for the holidays it does not seem wise to trade today
The picture will be clearer when the markets open again
If support at 12…
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Uladzimir avatar
Uladzimir 24 Dec.

С Рождеством Христовым !

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GBP/USD finds support above 1.48

AdamFx42 Updated 23 Dec.  in #Trader's blog #GBP Too Low #USD Weaker #Buying GBP/USD
Yesterday I noticed that Gbp/Usd was approaching 1.48
I decided to buy Gbp/Usd just above that level right away,
with a weaker Usd and Usd/Jpy lower, and Eur, Aud and Nzd stronger
it didn't make sense that Gbp/Usd kept falling - fundamentally
I added Gbp crosses to my Gbp/Usd long to hopefully catch some pips
The 1.48 level held for Gbp/Usd but it took hours to play out
I entered in the late afternoon and got out around midnight making only 10K
I do not like to leave my positions overnight other…
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USD weakness is letting other currencies grow stronger

AdamFx42 Posted 22 Dec.  in #Trader's blog #USD Weaker #EUR Stronger #AUD And NZD Recover
Usd is unexpectedly weakening after the Fed rate hike last week
A lot of Usd strength seemed already prices in as Usd/Jpy did not move to much on the decision
After the interest rise Usd crosses seemed to be climbing higher
until a couple of days (a day) later Japan surprised the US and the rest of the world
announcing quantative easing to help their economy
Usd/Jpy was halted in its ascend and is now on the way down
Eur, Aud and Nzd are profiting from this and are climbing higher against the do…
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Expecting USD to weaken

AdamFx42 Posted 5 Oct.  in #Trader's blog #GBP Longs #USD Weaker
I expect Usd to weaken soon
Usd should begin to weaken now that the tone is bearish on raising rates
i expect Gbp to profit most from this and show a strong move up soon
therefore I am long Gbp/Aud for now
and will add Gbp/Nzd long after a bounce from current position
Aud and Nzd are still fundamentally weak and Gbp rise should strengthen most against these currencies
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