We are long the S&P500.
First…
Tariff risks greatly reduced after Trump’s announcement yesterday (recirprical tariffs to only go into effect in April, which gives plenty of time to negotiate a deal)
Second…
The CPI and PPI components that feed into core PCE (the FED’s favorite inflation metric) were all soft and now core PCE forecasts have been revised to as low as 2.5% yearly reading.
And third…
Technical break of the corrective structure yesterday.
Target 6300
First…
Tariff risks greatly reduced after Trump’s announcement yesterday (recirprical tariffs to only go into effect in April, which gives plenty of time to negotiate a deal)
Second…
The CPI and PPI components that feed into core PCE (the FED’s favorite inflation metric) were all soft and now core PCE forecasts have been revised to as low as 2.5% yearly reading.
And third…
Technical break of the corrective structure yesterday.
Target 6300
BeSomebodyFX
And we’re now extended the target to 3000
Meanwhile GOLD getting comfortable above 2950, reaching for 3000
BeSomebodyFX
Slow but going
Why the sharp sell off in the S&P500 yesterday?
High inflation expectations, soft growth…
Leads to stagflation fears.
A bit overexaggerated tho.
We are still long and expecting this move to fade next week.
But will stop out if the stop loss is hit (obviously)
High inflation expectations, soft growth…
Leads to stagflation fears.
A bit overexaggerated tho.
We are still long and expecting this move to fade next week.
But will stop out if the stop loss is hit (obviously)
There’s a BIG macro shift happening behind the scenes guys.
I’ve written about it in more detail on our Substack, here:
besomebodyfx.substack.com
The story is clear
I’ve written about it in more detail on our Substack, here:
besomebodyfx.substack.com
The story is clear
BeSomebodyFX
We are long USDCAD Very simply, Trump refreshed (about 40 minutes ago) once again the tariff threat on Canada At this point it doesn’t matter whether he’s telling the truth or not What matters is that the risk is imminent and the uncertainty real And so…
We have stop loss slightly below breakeven already on the USDCAD long.
In hindsight should have shorted AUDUSD or NZDUSD as the China tariff are more likely to end up going through than the Canada ones.
But either way, next week will be lively with the March 4 deadline (for Canada) anyway.
Have a great weekend everybody
In hindsight should have shorted AUDUSD or NZDUSD as the China tariff are more likely to end up going through than the Canada ones.
But either way, next week will be lively with the March 4 deadline (for Canada) anyway.
Have a great weekend everybody
There it is guys, March is starting, Trump will decide on tariffs today, and 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 you can read more about what we do:
https://besomebodyfx.com/what-we-do-in-the-private-network/
And 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 join right away, 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 you can read more about what we do:
https://besomebodyfx.com/what-we-do-in-the-private-network/
And 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 join right away, NO more seats until May
BeSomebodyFX
We are long USDCAD Very simply, Trump refreshed (about 40 minutes ago) once again the tariff threat on Canada At this point it doesn’t matter whether he’s telling the truth or not What matters is that the risk is imminent and the uncertainty real And so…
And tariffs on Canada it is.
Now what?
Now for as long as these 25% tariffs stay in place USDCAD will keep on trending higher towards 1.48, but…
As soon as we see Trump walking back (delaying the tariffs, removing them, or starting a negotiation process) we short it back down to 1.41.
In other words…
Be flexible here, today is tariffs, tomorrow it might be the opposite.
That’s how it is with Trump
Now what?
Now for as long as these 25% tariffs stay in place USDCAD will keep on trending higher towards 1.48, but…
As soon as we see Trump walking back (delaying the tariffs, removing them, or starting a negotiation process) we short it back down to 1.41.
In other words…
Be flexible here, today is tariffs, tomorrow it might be the opposite.
That’s how it is with Trump
BeSomebodyFX
Be flexible here, today is tariffs, tomorrow it might be the opposite.
We are long AUDUSD.
Rumors have it that tariffs on Canada and Mexico will be delayed (or reduced) today.
So we pivoted into risk on positions.
Target 0.6430
Rumors have it that tariffs on Canada and Mexico will be delayed (or reduced) today.
So we pivoted into risk on positions.
Target 0.6430
BeSomebodyFX
Rumors have it that tariffs on Canada and Mexico will be delayed (or reduced) today.
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And Canada's tariffs are being tuned down already, as expected.
Not a lot, but it's progress in the right direction
Not a lot, but it's progress in the right direction
BeSomebodyFX
We are long AUDUSD. Rumors have it that tariffs on Canada and Mexico will be delayed (or reduced) today. So we pivoted into risk on positions. Target 0.6430
We have stop loss at breakeven on the AUDUSD longs