BeSomebodyFX
We are long AUDNZD. Expecting the CPI from New Zealand later tonight to be a bit on the soft side. Why? China should be exporting some deflation, RBNZ is super tight with rates at 5.5%, and CPI in Australia printed on the soft side two weeks ago. So… …
Quick stop on AUDNZD.
New Zealand CPI overnight not as soft as it could have been.
So the core of the trade idea didn't unfold as we would have wanted it, so trade stopped
New Zealand CPI overnight not as soft as it could have been.
So the core of the trade idea didn't unfold as we would have wanted it, so trade stopped
Alright guys, PCE from the US tomorrow.
That’s Powell’s preferred measure of inflation…
So it’s going to shape sentiments and trends heading into the FOMC next week.
We talked about it in more detail on Substack, here:
besomebodyfx.substack.com
Will share if any interesting trade opportunity comes out of it.
Currently we are biased towards a soft print which could give us some Dollar shorts to take.
But NO setups to take action yet
That’s Powell’s preferred measure of inflation…
So it’s going to shape sentiments and trends heading into the FOMC next week.
We talked about it in more detail on Substack, here:
besomebodyfx.substack.com
Will share if any interesting trade opportunity comes out of it.
Currently we are biased towards a soft print which could give us some Dollar shorts to take.
But NO setups to take action yet
We are short EURGBP.
Liking the technical lineup here with that fakeout of the highs and the hourly close back below the weekly open.
Fundamentally we also have a medium term bearish bias on the pair as inflation in the EU is slowing a lot faster than in the UK.
Meaning the ECB will have to cut rates much earlier than the BoE.
So…
Medium term fundamental bias, short term technical trigger.
Target 0.8460
Liking the technical lineup here with that fakeout of the highs and the hourly close back below the weekly open.
Fundamentally we also have a medium term bearish bias on the pair as inflation in the EU is slowing a lot faster than in the UK.
Meaning the ECB will have to cut rates much earlier than the BoE.
So…
Medium term fundamental bias, short term technical trigger.
Target 0.8460
BeSomebodyFX
We are short EURGBP. Liking the technical lineup here with that fakeout of the highs and the hourly close back below the weekly open. Fundamentally we also have a medium term bearish bias on the pair as inflation in the EU is slowing a lot faster than in…
Keep in mind guys.
BoE rate decision tomorrow and we don't have the cleanest read on that.
So we took a bit of profits already to reduce the trade size.
Keeping a good half running tho
BoE rate decision tomorrow and we don't have the cleanest read on that.
So we took a bit of profits already to reduce the trade size.
Keeping a good half running tho
BeSomebodyFX
We are short EURGBP. Liking the technical lineup here with that fakeout of the highs and the hourly close back below the weekly open. Fundamentally we also have a medium term bearish bias on the pair as inflation in the EU is slowing a lot faster than in…
Still going on the remaining half of the EURGBP shorts.
Not doing much tho, just a bunch of chop right now.
But, fundamentally this chop will likely resolve to the downside, so...
Letting the small remaining size of the trade run
Not doing much tho, just a bunch of chop right now.
But, fundamentally this chop will likely resolve to the downside, so...
Letting the small remaining size of the trade run
BeSomebodyFX
We are short EURGBP. Liking the technical lineup here with that fakeout of the highs and the hourly close back below the weekly open. Fundamentally we also have a medium term bearish bias on the pair as inflation in the EU is slowing a lot faster than in…
We have the stop loss at breakeven on the EURGBP shorts now.
The CPI from the UK tomorrow will decide whether this breaks lower towards the target or not
The CPI from the UK tomorrow will decide whether this breaks lower towards the target or not
BeSomebodyFX
The CPI from the UK tomorrow will decide whether this breaks lower towards the target or not
Soft CPI from the UK this morning.
So rest of the EURGBP shorts near breakeven.
If there's a trade that can be defined choppy, this is the one
So rest of the EURGBP shorts near breakeven.
If there's a trade that can be defined choppy, this is the one
Ok guys.
Very straightforwardly if you want to know where the Dollar is most likely heading next, we just published an indepth article about that on Substack, here:
besomebodyfx.substack.com
That’s going to give you a clean read into the most likely long term trends ahead.
Useful to be on the right side of the various fundamental scenarios
Very straightforwardly if you want to know where the Dollar is most likely heading next, we just published an indepth article about that on Substack, here:
besomebodyfx.substack.com
That’s going to give you a clean read into the most likely long term trends ahead.
Useful to be on the right side of the various fundamental scenarios
BeSomebodyFX
Ok guys. Very straightforwardly if you want to know where the Dollar is most likely heading next, we just published an indepth article about that on Substack, here: besomebodyfx.substack.com That’s going to give you a clean read into the most likely long…
Short EURUSD after the latest PPI print from the US is the trade setting up.
The FED needs to stay high for longer with the numbers from the US.
While the ECB can cut anytime with the EU numbers.
Policy divergence there...
Target 1.06
The FED needs to stay high for longer with the numbers from the US.
While the ECB can cut anytime with the EU numbers.
Policy divergence there...
Target 1.06
BeSomebodyFX
Short EURUSD after the latest PPI print from the US is the trade setting up. The FED needs to stay high for longer with the numbers from the US. While the ECB can cut anytime with the EU numbers. Policy divergence there... Target 1.06
Stopped on the EURUSD shorts.
Sometimes the context is right, the technicals are right, the setup is right, all looks right…
But the market just ends up doing its thing.
So yes, even the best looking setups can be proven wrong sometimes.
That’s why risk management and risk reward are ALWAYS important
Sometimes the context is right, the technicals are right, the setup is right, all looks right…
But the market just ends up doing its thing.
So yes, even the best looking setups can be proven wrong sometimes.
That’s why risk management and risk reward are ALWAYS important
BeSomebodyFX
That’s going to give you a clean read into the most likely long term trends ahead.
Keep in mind guys.
The medium term fundamental content for the Dollar is still bullish.
Short term squeezes against the fundamental context are annoying but don’t mistake them for a trend change, they are just…
Squeezes.
Those simply clean stale positionings and mix sentiments up before a fresh trend continuation.
The article attached above explains well what are likely going to be the medium term scenarios for the Dollar ahead.
So keep those in mind to know what the overall trend is going to be
The medium term fundamental content for the Dollar is still bullish.
Short term squeezes against the fundamental context are annoying but don’t mistake them for a trend change, they are just…
Squeezes.
Those simply clean stale positionings and mix sentiments up before a fresh trend continuation.
The article attached above explains well what are likely going to be the medium term scenarios for the Dollar ahead.
So keep those in mind to know what the overall trend is going to be
Insights for the PCE later today for context with a snippet from the Private Network.
The data is likely to print above consensus.
2.9% or above on core.
While general consensus is for 2.8%.
Not a big beat.
But still, should lean the medium term context further in favor of the Dollar
The data is likely to print above consensus.
2.9% or above on core.
While general consensus is for 2.8%.
Not a big beat.
But still, should lean the medium term context further in favor of the Dollar
There it is guys, March has started so we just opened a few extra seats to join the Private Network right now…
What's that? Basically the Private Network is where you can follow all of our trades with EXACT entry and exit details, along with daily briefings and insightful market discussions to keep you on top of what REALLY matters in the markets.
Here's what traders say about us:
https://www.trustpilot.com/review/besomebodyfx.com
So, if you want to follow more of our trades, learn from what we do, and be around other professional traders to trade smart…
You can reach out @JayRally right now to get a seat right away, 5 available of which 1 already booked, NO more seats until May
What's that? Basically the Private Network is where you can follow all of our trades with EXACT entry and exit details, along with daily briefings and insightful market discussions to keep you on top of what REALLY matters in the markets.
Here's what traders say about us:
https://www.trustpilot.com/review/besomebodyfx.com
So, if you want to follow more of our trades, learn from what we do, and be around other professional traders to trade smart…
You can reach out @JayRally right now to get a seat right away, 5 available of which 1 already booked, NO more seats until May
Still one of the best articles on fundamentals that you can find out there.
So well worth a share once again for a short but insightful read.
Link above.
Have a great weekend everybody
So well worth a share once again for a short but insightful read.
Link above.
Have a great weekend everybody