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
https://www.trustpilot.com/review/besomebodyfx.com
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
BeSomebodyFX
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…
We just cut the USDJPY shorts for a tiny loss, recent FED communication is now indicating another 25bps hike at the next FOMC despite the data we have seen this week which would have suggested the opposite.
Markets will likely need to reprice expectations and add that extra 25bps hike so that's going to help USDJPY take the highs again so we cut the trade and we wait for the next developments both fundamentally and technically
Markets will likely need to reprice expectations and add that extra 25bps hike so that's going to help USDJPY take the highs again so we cut the trade and we wait for the next developments both fundamentally and technically
The short term fundamental context has changed on Friday, we now look for another 25bps hike from the FED so looking for a short term long on the Dollar this week.
The chart above is the technical plan we are looking at to short EURUSD, NOT a trade yet, just a plan for now, it will turn into a trade when we get the technical trigger we want to see, a push up followed by a rejection back below the weekly open
The chart above is the technical plan we are looking at to short EURUSD, NOT a trade yet, just a plan for now, it will turn into a trade when we get the technical trigger we want to see, a push up followed by a rejection back below the weekly open
BeSomebodyFX
The short term fundamental context has changed on Friday, we now look for another 25bps hike from the FED so looking for a short term long on the Dollar this week. The chart above is the technical plan we are looking at to short EURUSD, NOT a trade yet, just…
Not wasting any time, it didn't give us an entry to short yet but we are expecting more downside over the week, this Dollar move is that extra 25bps hike being priced in and there's a bit more room for it to continue
BeSomebodyFX
Technical structure developing but still pointing lower to that main liquidity level, fundamental context still the same and still pointing lower too
Still accumulating and holding the corrective structure, it will get a lot more interesting when we start breaking the structure with a move below 1.0940, fundamentally watching the PCE this week and obviously the FOMC next week
BeSomebodyFX
Still accumulating and holding the corrective structure, it will get a lot more interesting when we start breaking the structure with a move below 1.0940, fundamentally watching the PCE this week and obviously the FOMC next week
Still no technical trigger on EURUSD, will share more details when we have a setup to enter the trade, could form over the next couple of days
Still NO trigger on EURUSD but we think this accumulation will resolve to the downside so we continue to look for short setups.
Fundamentally keeping a close eye on the PCE and ECI numbers today, they are two inflation metrics closely watched by the FED so they will shape the fundamental sentiment across the board, anything ABOVE consensus and the case for EURUSD downside strengthens.
But again, for us there is still NO technical trigger and we are NOT short yet, just interested in potential shorts when we see a technical confirmation which looks like it will be when that trendline breaks
Fundamentally keeping a close eye on the PCE and ECI numbers today, they are two inflation metrics closely watched by the FED so they will shape the fundamental sentiment across the board, anything ABOVE consensus and the case for EURUSD downside strengthens.
But again, for us there is still NO technical trigger and we are NOT short yet, just interested in potential shorts when we see a technical confirmation which looks like it will be when that trendline breaks
BeSomebodyFX
Still NO trigger on EURUSD but we think this accumulation will resolve to the downside so we continue to look for short setups. Fundamentally keeping a close eye on the PCE and ECI numbers today, they are two inflation metrics closely watched by the FED so…
Technical structure breaking and fundamentals strengthening the bearish bias with the numbers from the US on Friday and the ISM today, all just a tiny bit inflationary or at least NOT as disinflationary as the FED would want which suggests the possibility of an extra rate hike in June.
We have our USD longs running already heading into the FOMC on Wednesday
We have our USD longs running already heading into the FOMC on Wednesday