BeSomebodyFX
We will be using this Dollar pullback to position short EURUSD ideally around 0.9980 to target 0.95 Technical structure is on point with strong resistance right around 0.9980 while fundamentals still favor medium term Dollar strength, and when technicals…
A bit of a squeeze in EURUSD back toward parity, if it trades above it we will be out of the EUR shorts
Patiently waiting to use this other Dollar pullback to get short EURUSD from better levels around 1.02...
BeSomebodyFX
We are looking to get long at support for a short term run up to 4000... Markets are pricing a dovish pivot from the FED, arguably on a wrong basis, but that’s the current sentiment and we can ride it heading into next week’s FOMC
S&P500 so far, keep in mind you want to be flat or at least with stop loss at breakeven before today’s FOMC, expecting volatility both ways before a clear direction is taken
Slower rate hikes but higher peak fund rate is the main takeaway from Powell’s presser yesterday, and that keeps us looking for Dollars longs going forward…
Think about the context, US real yields are pushing up, interest rate differentials are moving in favor of the Dollar, the FED is better positioned to keep raising rates longer than anyone else, and the Dollar offers a good carry plus risk protection against risk off conditions.
In other words, we are looking to position short EURUSD on pullbacks, target still down to that 0.95
Think about the context, US real yields are pushing up, interest rate differentials are moving in favor of the Dollar, the FED is better positioned to keep raising rates longer than anyone else, and the Dollar offers a good carry plus risk protection against risk off conditions.
In other words, we are looking to position short EURUSD on pullbacks, target still down to that 0.95
BeSomebodyFX
Slower rate hikes but higher peak fund rate is the main takeaway from Powell’s presser yesterday, and that keeps us looking for Dollars longs going forward… Think about the context, US real yields are pushing up, interest rate differentials are moving in…
We start shorting EURUSD from current levels, a little higher than previously planned as volatility has been pretty high, exact trade details shared with the Private Network members as always
Also keep in mind, CPI and mid term elections coming up this week
BeSomebodyFX
We start shorting EURUSD from current levels, a little higher than previously planned as volatility has been pretty high, exact trade details shared with the Private Network members as always
Wrong on the EURUSD shorts after the CPI, with this soft inflation print the macro context is gradually shifting to a more positive note, we can see the FED will begin to meaningfully slow down their tightening from their next FOMC
Looking for a short term long on the S&P500 from support with target 4100...
With inflation softening, US yields retracing, the FED preparing to slow down their tightening, and the optimism revolving around China easing restrictions we look to buy dips in sentiment with target specifically on the S&P500 at 4100
With inflation softening, US yields retracing, the FED preparing to slow down their tightening, and the optimism revolving around China easing restrictions we look to buy dips in sentiment with target specifically on the S&P500 at 4100
BeSomebodyFX
Looking for a short term long on the S&P500 from support with target 4100... With inflation softening, US yields retracing, the FED preparing to slow down their tightening, and the optimism revolving around China easing restrictions we look to buy dips in…
Taking a little longer than expected, but so far on track, obviously you want to have stop loss at breakeven or in profit before the FOMC minutes
Any crazy Black Friday promo to join the Private Network?
We are very happy with the current team so we are keeping the seats very limited for the public, hence we have decided to open just 2 extra seats this Friday, no crazy discount, no crazy offer, just the opportunity to join a Private Network of institutional macro traders to trade with and learn from.
The next seats will be available in January, contact @JayRally to join now or book a seat later
https://www.trustpilot.com/review/besomebodyfx.com
We are very happy with the current team so we are keeping the seats very limited for the public, hence we have decided to open just 2 extra seats this Friday, no crazy discount, no crazy offer, just the opportunity to join a Private Network of institutional macro traders to trade with and learn from.
The next seats will be available in January, contact @JayRally to join now or book a seat later
https://www.trustpilot.com/review/besomebodyfx.com
BeSomebodyFX
Looking for a short term long on the S&P500 from support with target 4100... With inflation softening, US yields retracing, the FED preparing to slow down their tightening, and the optimism revolving around China easing restrictions we look to buy dips in…
S&P500 target hit, we are waiting for the next clean opportunity
Remember your patience and discipline in this environment, it’s a delicate one where sentiment shifts quickly with no predominant direction so avoid taking boredom or FOMO trades in between the good setups
BeSomebodyFX
Remember your patience and discipline in this environment, it’s a delicate one where sentiment shifts quickly with no predominant direction so avoid taking boredom or FOMO trades in between the good setups
And by the way, we are NOT perfect at that either, but try to keep the nonsense trades small and to the bare minimum, it makes the difference in the long run
BeSomebodyFX
From the FOMC minutes, pretty unusual for the FED to state this so plainly, they are gearing for a much slower tightening path next year due to growth concerns. Prepare for the scenario, precious metals will outperform, but keep in mind, NOT a short term…
We are dip buyers on precious metals heading into the new year, it remains one of our highest conviction views at the moment for early 2023, just keep in mind it’s a longer term trade, NOT short term
What a year has been for the markets, high inflation, extraordinary monetary policy tightening from the FED resulting in stocks bonds and crypto bear markets, firm hawkish pivots globally from most central banks, energy prices going nuts, and we can mention many more, in other words, 2022 has been quite a year and will lead to plenty of exceptional macro opportunities into early 2023, with that said, you already know one of them which is also our favorite trade at the moment, long precious metals on dips.
A warm thank you and a Happy new year from the BeSomebodyFX Team
A warm thank you and a Happy new year from the BeSomebodyFX Team
As per schedule, new crypto update published, the current macro context is quite unique so it’s an important update, for questions you can reach out @JayRally
Thank you everybody for all the great support and interest that we receive everyday, seeing people recognize the value and insightfulness of what we do here is something that we are very grateful for, we see some solid trading opportunities shaping so keep an eye for some good trades coming over the next couple of weeks.
Also, thank you as well for all the wonderful interest that we receive for the Private Network too, as usual we have already filled in advance all the extra seats that we intended to open this month and the next ones will be available in mid February, so if you are interested in joining a team of professional macro traders guiding you and giving you the best trades to take you may want to book a seat in advance @JayRally
https://www.trustpilot.com/review/besomebodyfx.com
Also, thank you as well for all the wonderful interest that we receive for the Private Network too, as usual we have already filled in advance all the extra seats that we intended to open this month and the next ones will be available in mid February, so if you are interested in joining a team of professional macro traders guiding you and giving you the best trades to take you may want to book a seat in advance @JayRally
https://www.trustpilot.com/review/besomebodyfx.com