BeSomebodyFX
About 9 days from Trump taking office and triggering a wave of “risk on” or “risk off” depending on his moves. How can you be ready for it? Study. The 2019 trade war is a textbook historical example to study. We’ve posted more details on X, see this
It’s time, will share if we take any interesting trade out of Trump’s first days in office
BeSomebodyFX
We are long EURUSD. Rumors going around that Trump won't roll out any tariffs yet. That's bearish for the Dollar. Target 1.0630
Change of plans, we just closed the EURUSD longs here near breakeven.
Trump’s official position is more like...
Tariffs just not on day one but soon.
So mixed sentiment at the moment
Trump’s official position is more like...
Tariffs just not on day one but soon.
So mixed sentiment at the moment
BeSomebodyFX
Lots lined up for a decent mover higher this month
Meanwhile GOLD obviously loving this uncertainty, as expected
BeSomebodyFX
Don’t forget about GOLD. Posted more details on our Substack, here: besomebodyfx.substack.com Lots lined up for a decent mover higher this month
2800 about to be reached on GOLD.
Next? We target 2900
Next? We target 2900
News is NOT noise.
It’s a symphony of market sentiment.
And once you know how to read it right, you can dance with it.
We got out of the EURUSD longs this week too early after Trump’s second comment which blurred the sentiment a bit.
Sometimes you read the context right, but it’s not as clear as you would like and you end up missing the move, it happens.
Have a great weekend everybody
It’s a symphony of market sentiment.
And once you know how to read it right, you can dance with it.
We got out of the EURUSD longs this week too early after Trump’s second comment which blurred the sentiment a bit.
Sometimes you read the context right, but it’s not as clear as you would like and you end up missing the move, it happens.
Have a great weekend everybody
BeSomebodyFX
Don’t forget about GOLD. Posted more details on our Substack, here: besomebodyfx.substack.com Lots lined up for a decent mover higher this month
In case you missed it.
Posted an update on GOLD yesterday on our Substack, here:
besomebodyfx.substack.com
We are still long and bullish.
Target remains 2900
Posted an update on GOLD yesterday on our Substack, here:
besomebodyfx.substack.com
We are still long and bullish.
Target remains 2900
BeSomebodyFX
News is NOT noise. It’s a symphony of market sentiment. And once you know how to read it right, you can dance with it. We got out of the EURUSD longs this week too early after Trump’s second comment which blurred the sentiment a bit. Sometimes you read…
It’s still all about tariffs.
Trump’s expected to make his official announcement today for Canada, Mexico, and China.
If it’s an immediate tariff (effective within a couple of days) then expect Dollar strength early next week.
If it’s a delayed tariff (which gets into effect on March 1 for instance) then expect Dollar weakness instead.
It’s that straightforward now.
Any questions, feel free to get in touch @JayRally
Trump’s expected to make his official announcement today for Canada, Mexico, and China.
If it’s an immediate tariff (effective within a couple of days) then expect Dollar strength early next week.
If it’s a delayed tariff (which gets into effect on March 1 for instance) then expect Dollar weakness instead.
It’s that straightforward now.
Any questions, feel free to get in touch @JayRally
BeSomebodyFX
If it’s an immediate tariff (effective within a couple of days) then expect Dollar strength early next week.
It’s official.
Trump announced a 25% tariff on Canada, 25% on Mexico, and 10% on China, effective on Tuesday, so pretty much immediately.
Canada is already looking to retaliate, and so a new trade war has started.
Watch out for gaps at the open.
Mostly Dollar strength and safe havens inflow
Trump announced a 25% tariff on Canada, 25% on Mexico, and 10% on China, effective on Tuesday, so pretty much immediately.
Canada is already looking to retaliate, and so a new trade war has started.
Watch out for gaps at the open.
Mostly Dollar strength and safe havens inflow
BeSomebodyFX
Mostly Dollar strength and safe havens inflow
Now keep in mind, Trump will hold talks with Canada and Mexico today.
If talks go well and tariffs are reversed…
Markets will pivot into risk on sentiment with USD and JPY weakness.
But instead…
If tariffs end up going into effect tonight (as per schedule) then we get another leg of short term risk off (USD strength, JPY strength) and then further continuation over the next days.
Those are the two main sentiments right now, everything else is noise
If talks go well and tariffs are reversed…
Markets will pivot into risk on sentiment with USD and JPY weakness.
But instead…
If tariffs end up going into effect tonight (as per schedule) then we get another leg of short term risk off (USD strength, JPY strength) and then further continuation over the next days.
Those are the two main sentiments right now, everything else is noise
BeSomebodyFX
If talks go well and tariffs are reversed…
Markets will pivot into risk on sentiment with USD and JPY weakness.
Markets will pivot into risk on sentiment with USD and JPY weakness.
We are long CADCHF.
Trump's got a deal with Mexico to delay the tariffs.
That makes a deal with Canada too quite likely now.
Target 0.6380
Trump's got a deal with Mexico to delay the tariffs.
That makes a deal with Canada too quite likely now.
Target 0.6380
BeSomebodyFX
We are long CADCHF. Trump's got a deal with Mexico to delay the tariffs. That makes a deal with Canada too quite likely now. Target 0.6380
We have the stop loss at breakeven already on the CADCHF longs.
Very early on the trade, and still quite near entry.
But necessary given the risks ahead
Very early on the trade, and still quite near entry.
But necessary given the risks ahead
BeSomebodyFX
We are long CADCHF. Trump's got a deal with Mexico to delay the tariffs. That makes a deal with Canada too quite likely now. Target 0.6380
You’ve probably heard already.
Trump’s got a deal, and tariffs delayed on Canada too.
So there you go, that’s fundamental analysis.
Build a thesis, trade that thesis
Trump’s got a deal, and tariffs delayed on Canada too.
So there you go, that’s fundamental analysis.
Build a thesis, trade that thesis
BeSomebodyFX
We are long CADCHF. Trump's got a deal with Mexico to delay the tariffs. That makes a deal with Canada too quite likely now. Target 0.6380
We have the stop loss already trailed in profit on the CADCHF longs.
Canada labor data ahead could pivot sentiment around if it prints too soft
Canada labor data ahead could pivot sentiment around if it prints too soft
BeSomebodyFX
We are long CADCHF. Trump's got a deal with Mexico to delay the tariffs. That makes a deal with Canada too quite likely now. Target 0.6380
We just took profit on CADCHF.
Have a great weekend everybody
Have a great weekend everybody
Guys, in case you don’t know.
We have a YouTube channel that’s getting populated with insightful (and actionable) educational content about fundamentals, here:
https://www.youtube.com/@besomebodyfx
Make sure to follow us there too
We have a YouTube channel that’s getting populated with insightful (and actionable) educational content about fundamentals, here:
https://www.youtube.com/@besomebodyfx
Make sure to follow us there too
And by the way, ready for more tariff headlines next week.
If you want to FULLY understand what it means…
Make sure to watch this video right here:
https://www.youtube.com/watch?v=SMyWvJzKR7E
It goes in depth into what risk sentiment is and how to use it in your trading (with a VERY fitting example)
If you want to FULLY understand what it means…
Make sure to watch this video right here:
https://www.youtube.com/watch?v=SMyWvJzKR7E
It goes in depth into what risk sentiment is and how to use it in your trading (with a VERY fitting example)
BeSomebodyFX
Lots lined up for a decent mover higher this month
GOLD reaching 2900, as expected.
And we’re now extended the target to 3000
And we’re now extended the target to 3000
BeSomebodyFX
GOLD reaching 2900, as expected. And we’re now extended the target to 3000
Position in the macro direction.
And let the market work for you.
That’s swing trading when done right
And let the market work for you.
That’s swing trading when done right
BeSomebodyFX
And we’re now extended the target to 3000
Media is too big
VIEW IN TELEGRAM
Why are we extending the target?
Basically, London is getting into a shortage of GOLD, why?
LOTS of demand from everywhere because of Trump’s geopolitical risks (sanctions, tariffs, you name it)
And the shortage fuels even more FOMO to get a chunk of it as soon as possible.
It’s a macro bull run, a big one.
In the video above you can see the Bank of England addressing the situation (and acknowledging the large demand) in their press conference from February 6
Basically, London is getting into a shortage of GOLD, why?
LOTS of demand from everywhere because of Trump’s geopolitical risks (sanctions, tariffs, you name it)
And the shortage fuels even more FOMO to get a chunk of it as soon as possible.
It’s a macro bull run, a big one.
In the video above you can see the Bank of England addressing the situation (and acknowledging the large demand) in their press conference from February 6