Блог TalsikGirl
Short trade initiated on EUR/JPY
Short trade taken as I anticipate the rally in the EURO should face a near-term correction. I am anticipating the "risk-on rally" to stall and the EUR/JPY wedge formation to break to the downside. Markets are discounting geo-political risks and the "Trump Bump (reflation) trade" could turn into "SELL in May and Go Away, come back again on Labor Day (September)" in equities markets. The S&P500 is up significantly since Trump's victory and his tax-cut plans and infrastructure build-out seems to be…
EUR/JPY SHORT trade initiated
SHORT EUR/JPY trade initiated at 116.75 after Falling Trendline rejected the 3 day rally. I expect "risk on" trades to decline in equities and FX markets as the trading week comes to an end. Fear of the French elections outcome should weigh on the markets, as the most recent polls show that the race among the 4 main candidates is too close to call. . .if Macron is unable to make it to the runoff elections, then equities could see a bloodbath on Monday.
LONG AUD/NZD initiated at 1.0813
Initiated a LONG AUD/NZD trade at 1.0813. Both, technical and fundamental data supports the idea that the pair should resume its upward trend.
Today's solid Australian employment data and China Trade data are providing support for the Australian Dollar.
Also, the pair tested the 1.0760-70 levels, which had been strong resistance until it broke above those levels in early March. The 38.2% Fibonacci retracement level at 1.0753 doubles as support for the pair.
Today's solid Australian employment data and China Trade data are providing support for the Australian Dollar.
Also, the pair tested the 1.0760-70 levels, which had been strong resistance until it broke above those levels in early March. The 38.2% Fibonacci retracement level at 1.0753 doubles as support for the pair.
Bought EUR/GBP at support on 16month Rising TrendLine
Initiated a BUY EUR/GBP trade at 0.8495 as the pair is testing its 16-month long bullish, rising TL..Still holding my SHORT GBP/JPY, SHORT AUD/JPY, and SHORT USD/JPY from last week....entry price at 138.61, 83.22, and 110.85, respectively. I expect continued "risk aversion" moves in equities and FX markets worldwide as geopolitical situations in Syria and North Korea worsen and the Trump Bump/Reflation trade unwinds.
Earnings reports from big firms are on deck this week and next. First big firms…
Earnings reports from big firms are on deck this week and next. First big firms…
U.S. airstrike on Syrian base causing money to flow toward safe haven assets
U.S. launched more than 50 tomahawk missiles at Syrian Military base about 2 1//2 hours ago. Markets reacting by seeking safe haven assets.....Gold is spiking higher, equities dropping (S&P futures pointing toward a decent drop in U.S. markets at opening bell). Nikkei index fell near the 18,500 level, but currently bouncing to just above 18,600.....it will be interesting to see the flow of trades as Japan equities trading approaches the closing bell . JPY pairs are falling due to "risk aversion"…
FED minutes caused Equities to drop and risk-off market move
The last 2 hours of trading in U.S. equities markets caused massive "RISK-OFF" moves as the FED minutes revealed that the FOMC could start unwinding its huge Balance Sheet sometime toward the end of the year......possibly selling both Treasuries and MBS (mortgage backed securities). This is the first time that reducing its balance sheet has been mentioned in its "minutes". Some FED officials also mentioned that equities are "QUITE HIGH". This is also highly unusual, as most FOMC members defer fr…
Nikkei index
Watching Nikkei index closely as it approaches January 24 support at 18,787. Low so far today is 18,766, which was touched a few minutes ago. A clear and sustained break of that Nikkei support level should cause additional downward pressure on JPY pairs as risk/carry trades unwind further.
EUR/GBP
EUR/GBP bouncing nicely off the confluence of 16 month Rising Trendline (yellow line) and 4 month Rising TL (purple line). LONG trade initiated at 0.8500.....SL at 0.8465 and TP at 0.8590
LONG EUR/GBP
Initiated a LONG EUR/GBP trade at 0.8500 based on the confluence of Rising Trendlines on the daily and weekly charts shown below. The purple line is the "Daily Rising TL" and the yellow line is the "Weekly Rising TL." I also went LONG EUR/USD (at 1.0665 as I expect it to bounce, near-term. The 200 pip decline from last Monday (Mar 27) is the largest 4 day-decline since December.