1.10000 on his way with now the RBNZ officially ready to go negative interest rates before the year end, while the RBA still has NO appeal for negative rates nor for lowering rates to 0%

This is what fundamental trading is all about, anticipating macro changes in monetary policies or geopolitics etc weeks in advance to be well positioned for when the market realizes what's happening, you need to be head of the curve or your are always going to be late to the party

I can't stress enough how important "information" is to be successful in trading. Fundamentals towards Price and positioning will always lead the way.

AUDNZD trend fueled purely by fundamentals, read the original analysis to understand what lies behind the chart

We might open a few extra seats for the Private Network this weekend, keep your notifications on to not miss it, there will be only 2 seats...

Right now, we are heading into some great trading opportunities thanks to the developments on the US China talks front, central banks beginning to give forward guidance and market seeking liquidity…

What this means?

It means those who understand what's happening can both protect their capital, and profit from macro trends.

For this reason we decided to open 2 extra seats for this month for you to join the Private Network where you will be able to follow exactly our trades and access our insights and a community of professional traders.

This extra enrolling will close in 24h, contact @JayRally to join the Private Network, i’m not going to brag about everything we do, you can read our reviews here:

https://www.trustpilot.com/review/besomebodyfx.com

Have a great weekend everybody

Both seats taken, thanks for the interest, next seats will be available in early June

We have taken profit on our AUDNZD trades, expecting a pullback now to form bullish structure to continue the bullish move around the end of the month, sitting on our hands at the moment and waiting patiently for the zone to be reached, once reached we will want to see heavy bids and bullish price action to confirm our entry

We have our eyes on some GBPUSD intraday shorts as today's market sentiment is clearly risk off and favors USD strength while the GBP remains pressure from negative rates chatter, on the chart you can see the kind of price action that we are after, quick spike higher rejected sharply and then enter at the retest of the small support which would turn in resistance

Target hit but no trigger for us here

AUDUSD time to ride the risk on move…

It's all about a vaccine, at the moment the market is not bothering about China tensions and every risk off dip is being bought back on small vaccine positive headlines, there are 10 candidate vaccines in clinical evaluation and 114 candidate vaccines in pre-clinical evaluation, clearly there is a lot of opportunity for more fresh positive news on this subject…

With this said we are looking to buy AUDUSD on dips as retails keep selling and the market looks set to remain optimist on reopenings and vaccine headlines.

Unstoppable, beautiful to see but hard to trade, it's not giving us any entry and it's close to target

AUDUSD hit our targeted liquidity level to the pip, a coincidence? no, the market moves towards big orders and big orders are placed where retail stops are so that there is enough liquidity to fill the entire order without much slippage, now what happens? we likely squeeze lower towards 0.66000 to scare all the late buyers and from there we will re asses the bias depending on how China US relations develop (Trump is expected to announce punitive measures before the end of the week)

We started a Q&A on Instagram here:

https://instagram.com/stories/besomebodyfx/2319187112991298979?utm_source=ig_story_item_share&igshid=13hpo4h3rb35k

Ask us anything trading related, use it to your advantage to extract some good knowledge out of it 😉

Know your markets, we have been telling about this month end flows to the Private Network members since Monday, warning that it was going to be USD selling and we indeed positioned accordingly long in EURUSD, am i just flexing about our trades? no, sharing this with you because month end flows tend to intensify into the London fix (last out of the London session) so with this said i'm suggesting you that there is more USD weakness to come today, just BEWARE of any Trump tweet regarding China, he is expected to announce punitive measures today and that could shift the markets sharply

This is what we mean by keep an eye for Trump tweets, this is a tease, the man is ready to drop bombs on twitter against China that can shift the market sentiment in a heartbeat

For your interest the London fix ended 12 minutes ago and we have taken profit on our EURUSD long from 1.10000, the market will likely go wild now with Trump set to speak right after the close so careful out there, new seats for the Private Network will be available this weekend and we are preparing a small quiz with a juicy gift so keep an eye for updates 😉

Have some fun guys, first one to score 100 wins a free month in the Private Network (not valid for the current members since the quiz it's too easy for you guys 😉), the correct answers will be shared tomorrow with explanations, stay tuned because in a few hours we are going to accept 5 extra traders for the Private Network

We have a winner, will upload tomorrow the answers with full explanations