BeSomebodyFX
No surprise here, all as expected, we have a small long running in the Private Network from 3070, we will be taking profits at 3190 which is where we could get a decent bearish reaction, when everybody thinks the world is going to end again at the next break…
Slick exit game in the S&P500, 3190 was pretty much the top and we are getting that expected bearish reaction from there, today could be the day for bears (Australia announced a 6 weeks lockdown on Melbourne) flat on the S&P500 at the moment, banked a decent 6% on our "punts" account
Next DXY move... (Now 96.72)
Anonymous Poll
41%
No doubt we see 98 first...
40%
Dump it to 95.5
19%
DXY? what's that a new rap singer?
Big funds can be wrong too, do your own researches and see if you agree or not, we have seen institutions adding GBP shorts for a few weeks and now this pops up, seems to be the consensus across big funds.
Do we agree?
Personally we haven't delved much into the Brexit situation recently so we can't say anything, it's true that recent negotiations haven't done any progress, stay safe and have a good evening and a good Sunday tomorrow (it's race day again for the F1 nerds like me)
Do we agree?
Personally we haven't delved much into the Brexit situation recently so we can't say anything, it's true that recent negotiations haven't done any progress, stay safe and have a good evening and a good Sunday tomorrow (it's race day again for the F1 nerds like me)
BeSomebodyFX
Australian pension funds withdrawing offshore investments... One of biggest movers in the FX market (pension funds) have to prepare for Australian citizens to withdraw some of their pensions, so these pension funds have to sell their overseas investments…
Taking much longer than expected but slowly grinding to target, currently we have no position running on this tho, we will look to buy cheap ones in the low 0.69s
BeSomebodyFX
https://besomebodyfx.com/silver-opportunity-coming-up1/
Seasonal pattern worked perfectly with 0% drawdown which indeed didn't give us a chance to enter but good +4.6% move since called
BeSomebodyFX
Next DXY move... (Now 96.72)
Thanks for voting, we are USD bears and expecting 95.5 to trade first, in the poll bulls won by 1% which adds an extra confirmation to our short bias 😉
S&P500 do we get all time highs before November election?
Anonymous Poll
16%
No way!
74%
Very likely...
10%
Election? what election?
BeSomebodyFX
S&P500 do we get all time highs before November election?
So for the perma bears here i'm sorry but i do believe we hit all time highs before November election day, but at the same time all the intel we have is pointing us to a period between July 20 and August 25 of "slow" S&P500 performance so either a profit taking pullback or sideways price action
Whatever happens, BUY THE (DEEP) DIP remains the best play as the market knows the FED and its equivalent around the globe will backstop excessive downward moves, the FED has literally made it impossible to obtain a yield anywhere else apart from stocks, and there are still loads of investors on the sidelines awaiting a pullback to buy.
We favor scenario 1 for the moment, probably not a retracement as deep as shown but we can get a pullback, anyway we won't fight the FED and we are happy to play only the long side here.
To wrap it up in a few words, expect all time highs to be reached around the end of September, the best buy is around the 3000 level, we may or may not get it, be ready for both scenarios we will be
Whatever happens, BUY THE (DEEP) DIP remains the best play as the market knows the FED and its equivalent around the globe will backstop excessive downward moves, the FED has literally made it impossible to obtain a yield anywhere else apart from stocks, and there are still loads of investors on the sidelines awaiting a pullback to buy.
We favor scenario 1 for the moment, probably not a retracement as deep as shown but we can get a pullback, anyway we won't fight the FED and we are happy to play only the long side here.
To wrap it up in a few words, expect all time highs to be reached around the end of September, the best buy is around the 3000 level, we may or may not get it, be ready for both scenarios we will be
BeSomebodyFX
Thanks for voting, we are USD bears and expecting 95.5 to trade first, in the poll bulls won by 1% which adds an extra confirmation to our short bias 😉
USD almost to target, we usually don't look at the CFTC data but large specs are net short Dollar so it's worth keeping an eye for levels where they may begin some profit taking, and apparently they have still have room to add size so i would expect target to be hit this week or the next unless we get a major shift in market sentiment
BeSomebodyFX
Taking much longer than expected but slowly grinding to target, currently we have no position running on this tho, we will look to buy cheap ones in the low 0.69s
And related to the USD we have our AUDUSD long trade which we expect to hit 0.71000 target before August 14 (could be much earlier, as early as this week), the only risk to this trade is a major shift in market sentiment which could be caused by lockdowns around the world or bad news on the COVID vaccine, so far neither of these seems likely to happen and actually we expect more positive vaccine headlines helping the AUDUSD trade
BeSomebodyFX
USD almost to target, we usually don't look at the CFTC data but large specs are net short Dollar so it's worth keeping an eye for levels where they may begin some profit taking, and apparently they have still have room to add size so i would expect target…
Target hit on the Dollar, we could see a profit taking squeeze higher here before the next leg lower
BeSomebodyFX
And related to the USD we have our AUDUSD long trade which we expect to hit 0.71000 target before August 14 (could be much earlier, as early as this week), the only risk to this trade is a major shift in market sentiment which could be caused by lockdowns…
And target hit on AUDUSD too, don't chase the market here but let it come to you, we are pretty much done for the week already, we have partials EURUSD longs running from 1.13750 at breakeven and will let that run even as high as 1.17000 if we can, work smart not hard
USDJPY "fair" value around 104.000
We have been looking to short USDJPY a few days ago and this recent drop it's strengthening our bias, retails are 73% long at the moment and at the beginning of last week they were only 51% long so they added positions and size during the week, this matched with our fundamental bias makes USDJPY shorts interesting for us, given where 10Y Yields are we can see this heading to 104.000 but note that 105.000 is strong resistance so it will be a zone to de risk.
I encourage you to put some effort into studying these analyses, some may find it complicated but you just need to research what you don't understand and if you need you can text us your questions, we are always available to help.
We have been looking to short USDJPY a few days ago and this recent drop it's strengthening our bias, retails are 73% long at the moment and at the beginning of last week they were only 51% long so they added positions and size during the week, this matched with our fundamental bias makes USDJPY shorts interesting for us, given where 10Y Yields are we can see this heading to 104.000 but note that 105.000 is strong resistance so it will be a zone to de risk.
I encourage you to put some effort into studying these analyses, some may find it complicated but you just need to research what you don't understand and if you need you can text us your questions, we are always available to help.
The ultimate test for your patience...
EURUSD to hit 1.20 and possibly 1.25 before the end of the year, it's not wise to chase at these levels but we will do it if necessary, anyway we will be heavy buyers if we get a retest of 1.15 zone
Goldmans target for the year is 1.25
EURUSD to hit 1.20 and possibly 1.25 before the end of the year, it's not wise to chase at these levels but we will do it if necessary, anyway we will be heavy buyers if we get a retest of 1.15 zone
Goldmans target for the year is 1.25
BeSomebodyFX
USDJPY "fair" value around 104.000 We have been looking to short USDJPY a few days ago and this recent drop it's strengthening our bias, retails are 73% long at the moment and at the beginning of last week they were only 51% long so they added positions and…
USDJPY almost to target (104.000) given how yields are behaving i would say target can be extended to 102.000 but these are levels were historically the BoJ intervened to weaken the JPY so i would de risk and take some profit at 104.000, we haven't been able to get an entry here but we will look for pullbacks in 105.50 zone to enter, it's been a great month in the Private Network and finally we are going to open a few extra seats for August, seats will be limited to 5 so stay alert
We have officially opened 5 seats to join the BeSomebodyFX Private Network for August...
What does the Network get you?
• Access to & guidance from top tier traders
• Access to our live trades, from long term to short term opportunities (exact entries and exits)
• Access to all our researches, info and insights
• Access to a professional helpful community via private chat
Actually i could go on and on all day listing all the benefits of the Network but i will leave our reviews to speak for us...
https://www.trustpilot.com/review/besomebodyfx.com
We are cheaper than a stop loss and we can make the difference in your trading. If you have been looking to improve yourself, trade more comfortably with less stress and learn a professional research driven approach to trade the markets then give us a try.
ONLY 5 seats (one already booked) available for August...
Text "I WANT TO JOIN" to @JayRally
Next seats will be available only in September, have a great weekend
What does the Network get you?
• Access to & guidance from top tier traders
• Access to our live trades, from long term to short term opportunities (exact entries and exits)
• Access to all our researches, info and insights
• Access to a professional helpful community via private chat
Actually i could go on and on all day listing all the benefits of the Network but i will leave our reviews to speak for us...
https://www.trustpilot.com/review/besomebodyfx.com
We are cheaper than a stop loss and we can make the difference in your trading. If you have been looking to improve yourself, trade more comfortably with less stress and learn a professional research driven approach to trade the markets then give us a try.
ONLY 5 seats (one already booked) available for August...
Text "I WANT TO JOIN" to @JayRally
Next seats will be available only in September, have a great weekend