Thank you everybody as always, the couple of extra seats that we intended to open for April’s Private Network enrolling have all been booked in advance, hence the next ones will be available in May.

Thank you for all the interest, I know some of you may be left out this way so apologies for the limited number of extra seats every month but for us is extremely important to keep the Private Network exclusive and avoid getting too crowded.

That’s why you can book a seat a couple of weeks in advance @JayRally

If you are wondering about the benefits, I leave you to our Trustpilot reviews

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

GBPCHF expecting 1.33000…

The market continues to be in the global growth regime and US exceptionalism environment which leads to high yielding currencies to benefit against low yielding currencies, GBPCHF is one of them and we expect further upside towards 1.33000, plan accordingly

S&P500 final target reached…

Don’t get deceived by thinking it’s all about drawing a couple of lines on a chart, a couple of arrows, and a couple of alphabetical letters, or you will miss the whole point.

Understand the market regime we are in and you have enough to trade profitably, and most of all, comfortably

GBPCHF structure has changed but the theme hasn’t, stopped on our longs here but we will be looking to reposition later on during the month, ideally we first want to see the POC being reclaimed with some bullish volume, price consolidating above accepting the higher price and then we can enter again, medium to long term target remains 1.33000 but for the moment we don’t have any trade running here, we will be waiting for the above mentioned confirmation to enter again

Expecting short term EURUSD upside…

Yesterday move lower in US yields after positive US data somewhat suggests that a lot of US growth has been already priced in, which means that in the very short term some rebalacing needs to be done which will bring some USD weakness, with this said, we expect EURUSD to hit 1.21000 before the end of the month

EURUSD 1.21000 target met…

Ask yourself the right questions when you trade, shut the noise from the average trading guru, follow the right minds, and your trading will benefit

Thank you all for the interest in the Private Network as always, we have already booked and filled all the extra seats that we intended to open for next month so the next spots will be at the end of May, you may want to book a seat a couple of weeks in advance @JayRally

If you are wondering what are the benefits of being a Private Network member I leave you to our Trustpilot reviews

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

USDJPY targeting 111.000 this month…

We should see a continuation of strong US growth with the data coming in this month and we are seeing some Real Money buying into US yields, all of which should translate to a strong month for USDJPY again after a correction in April, expecting 111.000 to be reached before the end of the month

USDJPY choppy but on track, target needs to be reached this month, with the beginning of June the bias will not be valid anymore as next month’s FOMC should ignore the recent inflation spike and reiterate the very accommodative stance

USDJPY structure still looks good but it’s lacking the right fundamental catalyst for the push higher, it may take longer than expected for the target to be met and a sustained break below the POC zone will make us close our positions and wait for another entry later on

Thank you once again for all the interest in the Private Network, all the extra seats we intended to open for the month of June have already been booked ahead of time, which means the next ones will be available at the end of June @JayRally

If you are wondering about the benefits I will leave you to our Trustpilot reviews, have a great weekend and don’t expect USDJPY to break 110.000 too easily

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

Don’t expect USDJPY to move to target in a straight line, we took profit around the highs last week and we will be looking to rebuy low again around the POC, it’s a “when FED hints at tapering” matter, and US data this week will give further guidance on that

Watching carefully the FOMC this week for further guidance on the tapering subject hence the USDJPY trade.

No mention of the word “tapering” and USDJPY takes a trip back below 109.000, any mention of the tapering subject, with hints that it’s a matter that will be discussed actively going forward and USDJPY continues towards the 111.000 target

Also beware of the “experts” out there, regardless of this week’s FOMC result, the tapering subject will gain attention in the coming months, remember to shut noise from the average trading “guru”, trade facts

The recent FOMC sends a clear confirmation that tapering is coming later in the year, also rate hikes expectations have been brought forward, it’s the early signs of a powerful hawkish shift from the FED.

USDJPY slowly running to the 111.000 target, but I would say, expect this to run much higher over the course of the year towards 116.000, we will be trading it accordingly

S&P500 target 4300…

Not the boldest of trades but we expect the S&P500 to reach 4300 before the end of August, plenty of FED hawkishness has been already priced in for the time being, so until the next catalyst some rebalancing will push the S&P500 to new ATH, beware tho there could be some volatility and a bit of more downside before the dip gets bought for good

USDJPY 111.000 target reached…

Took longer than expected but here it is, as mentioned last week, because of the upcoming macro environment (FED tightening) we expect USDJPY to extend towards 116.000 before year end, we will trade it accordingly

S&P500 4300 target reached…

Don’t fight the macro environment and remember to not get stuck in front of the charts too much, if trading is exhausting you, you’re doing something wrong.

Trade less, trade smart

EURUSD squeeze targeting 1.19400…

Last week’s flows after US data mark a turn in sentiment that suggests a short term squeeze higher on EURUSD, expecting 1.19400 to trade in about a week or so

Quickly proven wrong on EURUSD on the break of 1.18000, a friendly reminder from the market that not all trades can be winners

Plenty of questions recently asking our thoughts on inflation going forward, and the answer is quite straightforward, there are two players that say “inflation is transitory” which are smarter than all your favorite trading gurus combined, one is the FED and the other the bond market, never a good idea to fight them.

We are likely near peak inflation for the year, and if you are wondering what it means for the market, well, think of last year’s macro trends in FX (reflation driven) and reverse them.