BeSomebodyFX
Short USDCHF down to 0.9070... For now, we are NOT looking to bring this into the FOMC so we will protect it or close the trade right before the event
The stop is already at breakeven for us on this, still NOT looking to run it into the FOMC later, we will likely close the trade right before the rate decision
BeSomebodyFX
The stop is already at breakeven for us on this, still NOT looking to run it into the FOMC later, we will likely close the trade right before the rate decision
Flat heading into the FOMC, pay VERY close attention to the dot plot later and, as always, to Powell's words.
The size of the hike sure matters but it's most likely going to be a regular 25bps that doesn't shape the sentiment for what's next.
Instead, the subject that will drive the next trend across the board is how many more rate hikes they think are needed and thus whether a pause in hikes is approaching or not, Powell during the presser will shape that sentiment
The size of the hike sure matters but it's most likely going to be a regular 25bps that doesn't shape the sentiment for what's next.
Instead, the subject that will drive the next trend across the board is how many more rate hikes they think are needed and thus whether a pause in hikes is approaching or not, Powell during the presser will shape that sentiment
BeSomebodyFX
Short USDCHF down to 0.9070... For now, we are NOT looking to bring this into the FOMC so we will protect it or close the trade right before the event
Would have been a good hold, but you know, hindsight.
At the moment we are NOT short but with the FOMC now done I could say that fundamentally we can expect that low to be reached maybe next week or so as the FED on Wednesday confirmed that the rate hike cycle has essentially peaked which pushes US yields down and thus brings USDCHF and USDJPY along with it.
Anyway, keep an eye out for a possible entry on a pullback, will share more details when and if we take action on this
At the moment we are NOT short but with the FOMC now done I could say that fundamentally we can expect that low to be reached maybe next week or so as the FED on Wednesday confirmed that the rate hike cycle has essentially peaked which pushes US yields down and thus brings USDCHF and USDJPY along with it.
Anyway, keep an eye out for a possible entry on a pullback, will share more details when and if we take action on this
BeSomebodyFX
Would have been a good hold, but you know, hindsight. At the moment we are NOT short but with the FOMC now done I could say that fundamentally we can expect that low to be reached maybe next week or so as the FED on Wednesday confirmed that the rate hike…
Getting interesting, now waiting for a technical trigger
BeSomebodyFX
Would have been a good hold, but you know, hindsight. At the moment we are NOT short but with the FOMC now done I could say that fundamentally we can expect that low to be reached maybe next week or so as the FED on Wednesday confirmed that the rate hike…
Some support to go through but it can be done, it will get more interesting when we start breaking below 0.9150
BeSomebodyFX
Some support to go through but it can be done, it will get more interesting when we start breaking below 0.9150
Above 0.9155 and we take profit on this, US PCE coming up later today as well which we don't have much of a reading on, so trade well protected in case it moves back higher
New crypto update published for the new quarter, straight to the point with the CORE of what you must know about the ongoing fundamental context and the details of what we expect to be the next move, for questions you can reach out @JayRally
Thank you everybody for all the interest and feedback that we receive everyday for what we do, it's great to see that people are interested and that value high quality insights for their trading, we are very grateful for that, also the trading environment is getting more and more interesting as we speak so prepare for some really good trades ahead.
With that said, a new quarter and a new month are starting and we just opened 4 extra seats to join the Private Network so if you want to join a team of professional macro traders guiding you and giving you the exact best trades to take contact @JayRally right now to claim a seat without having to wait, 4 available of which 1 already booked, the next ones will be available in late May
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With that said, a new quarter and a new month are starting and we just opened 4 extra seats to join the Private Network so if you want to join a team of professional macro traders guiding you and giving you the exact best trades to take contact @JayRally right now to claim a seat without having to wait, 4 available of which 1 already booked, the next ones will be available in late May
https://www.trustpilot.com/review/besomebodyfx.com
BeSomebodyFX
Now most likely looking for something like this again for next week depending on what we see with the US PCE later today
The PCE on Friday was slightly below expectations, and the ISM yesterday printed on the weak side, a bit deflationary and a bit recessionary, good for that continuation lower in USDCHF
BeSomebodyFX
Thank you everybody for all the interest and feedback that we receive everyday for what we do, it's great to see that people are interested and that value high quality insights for their trading, we are very grateful for that, also the trading environment…
Thank you for all the interest in the Private Network once again, all seats have been filled, the next ones will be in late May.
Now keep an eye here because over the next week or so there will likely be some great trades to take, the fundamental sentiment is shaping well for some nice moves across the board
Now keep an eye here because over the next week or so there will likely be some great trades to take, the fundamental sentiment is shaping well for some nice moves across the board
Waiting to see the CPI today, obviously we want to know if inflation is coming down faster than expectations or not as that will shape the sentiment heading into the next FOMC.
With that we can then decide what’s the next trade with the Dollar
With that we can then decide what’s the next trade with the Dollar
Still some data to go through this week, but the latest CPI sets the ground for the FED to hold rates steady at the upcoming FOMC.
Core was at consensus but headline CPI was quite below expectations so there is some basis for the FED to start thinking about NOT hiking at the next rate decision, with that said, USDJPY shorts are pretty good expression to trade a relatively dovish FED and the peak in rates in this context.
Now, to further confirm this and add confidence to USD bears we want to see a soft PPI today and soft retail sales tomorrow
Core was at consensus but headline CPI was quite below expectations so there is some basis for the FED to start thinking about NOT hiking at the next rate decision, with that said, USDJPY shorts are pretty good expression to trade a relatively dovish FED and the peak in rates in this context.
Now, to further confirm this and add confidence to USD bears we want to see a soft PPI today and soft retail sales tomorrow