We are long USDCHF.
Big bullish engulfing printing on the weekly chart.
While at the same time the news flow on trade talks and tariffs keeps moving in a positive direction (China making some concessions, trade deal with India about to be reached)
So it looks like Trump is doing everything he can to reach something.
Whether he will be able to do it or not, that’s another story.
But we probably have 1 or 2 weeks ahead of “we are making progress with tariffs” and “great deals coming” from the US administration.
That’s bullish USD, particularly against EUR, CHF, and JPY.
Target 0.8680
Big bullish engulfing printing on the weekly chart.
While at the same time the news flow on trade talks and tariffs keeps moving in a positive direction (China making some concessions, trade deal with India about to be reached)
So it looks like Trump is doing everything he can to reach something.
Whether he will be able to do it or not, that’s another story.
But we probably have 1 or 2 weeks ahead of “we are making progress with tariffs” and “great deals coming” from the US administration.
That’s bullish USD, particularly against EUR, CHF, and JPY.
Target 0.8680
BeSomebodyFX
We are long USDCHF. Big bullish engulfing printing on the weekly chart. While at the same time the news flow on trade talks and tariffs keeps moving in a positive direction (China making some concessions, trade deal with India about to be reached) So it…
Bit choppy, but going.
The news flow on tariffs keeps grinding in the right direction.
So the logic behind the trade is still valid.
Now we need to see some real follow through on those trade talks.
Also plenty of US data ahead this week that we are keeping an eye on
The news flow on tariffs keeps grinding in the right direction.
So the logic behind the trade is still valid.
Now we need to see some real follow through on those trade talks.
Also plenty of US data ahead this week that we are keeping an eye on
BeSomebodyFX
That’s bullish USD, particularly against EUR, CHF, and JPY.
New lows on EURUSD.
New highs on USDCHF and USDJPY.
And plenty more ahead
New highs on USDCHF and USDJPY.
And plenty more ahead
There it is guys, May has started, NFP today, plenty of trade opportunities ahead, 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 July
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 July
BeSomebodyFX
And plenty more ahead
EURUSD next week.
Went into a bit more details on why we are bullish the Dollar on out latest post (from Wednesday) on Substack, here:
https://besomebodyfx.substack.com/p/the-subtle-market-shift-you-shouldnt-ignore
Have a great weekend everybody
Went into a bit more details on why we are bullish the Dollar on out latest post (from Wednesday) on Substack, here:
https://besomebodyfx.substack.com/p/the-subtle-market-shift-you-shouldnt-ignore
Have a great weekend everybody
BeSomebodyFX
EURUSD next week. Went into a bit more details on why we are bullish the Dollar on out latest post (from Wednesday) on Substack, here: https://besomebodyfx.substack.com/p/the-subtle-market-shift-you-shouldnt-ignore Have a great weekend everybody
Media is too big
VIEW IN TELEGRAM
With that said…
We need to see some REAL TANGIBLE progress with China within a week or two at max.
Or it will be soon troubles again (for the Dollar and risk assets)
In other words…
We are still bullish on the Dollar for now as the likelihood of a compromise with China is high given how problematic the situation is (see video above)
But, if we don't see any real progress on trade talks next week, we will have to adjust accordingly
We need to see some REAL TANGIBLE progress with China within a week or two at max.
Or it will be soon troubles again (for the Dollar and risk assets)
In other words…
We are still bullish on the Dollar for now as the likelihood of a compromise with China is high given how problematic the situation is (see video above)
But, if we don't see any real progress on trade talks next week, we will have to adjust accordingly
BeSomebodyFX
We need to see some REAL TANGIBLE progress with China within a week or two at max.
First (big) step in the right direction.
China and the US have agreed to start talking officially.
Now we need to see what comes out of these talks over the next couple of days
China and the US have agreed to start talking officially.
Now we need to see what comes out of these talks over the next couple of days
BeSomebodyFX
EURUSD next week. Went into a bit more details on why we are bullish the Dollar on out latest post (from Wednesday) on Substack, here: https://besomebodyfx.substack.com/p/the-subtle-market-shift-you-shouldnt-ignore Have a great weekend everybody
Trade deal with the UK done.
Trade talks with China set.
The more the US manages to ease trade tensions and uncertainties on tariffs…
The more the Dollar will be able to strengthen for now.
EURUSD first part of the move getting done
Trade talks with China set.
The more the US manages to ease trade tensions and uncertainties on tariffs…
The more the Dollar will be able to strengthen for now.
EURUSD first part of the move getting done
BeSomebodyFX
Trade talks with China set.
Media is too big
VIEW IN TELEGRAM
US and China talks ongoing this weekend.
Here are the 5 main scenarios:
1. All tariffs removed (off the table, obviously)
2. Back to 34% reciprocal tariff (best case, Dollar strength)
3. Compromise at 50% tariff (still decent, Dollar strength)
4. 80% tariff (still too high, Dollar weakness)
5. No progress, 145% tariff remains (stagflation, Dollar weakness)
This will decide how the week opens.
And the direction thereafter
Here are the 5 main scenarios:
1. All tariffs removed (off the table, obviously)
2. Back to 34% reciprocal tariff (best case, Dollar strength)
3. Compromise at 50% tariff (still decent, Dollar strength)
4. 80% tariff (still too high, Dollar weakness)
5. No progress, 145% tariff remains (stagflation, Dollar weakness)
This will decide how the week opens.
And the direction thereafter
BeSomebodyFX
US and China talks ongoing this weekend. Here are the 5 main scenarios: 1. All tariffs removed (off the table, obviously) 2. Back to 34% reciprocal tariff (best case, Dollar strength) 3. Compromise at 50% tariff (still decent, Dollar strength) 4. 80% tariff…
No exact details yet, but there's a deal.
USDCHF and USDJPY likely to gap around 30 to 50 pips higher at the open.
Equities also up.
After that?
We need to see the EXACT details.
See post from yesterday
USDCHF and USDJPY likely to gap around 30 to 50 pips higher at the open.
Equities also up.
After that?
We need to see the EXACT details.
See post from yesterday
BeSomebodyFX
2. Back to 34% reciprocal tariff (best case, Dollar strength)
Scenario 2 confirmed, China reduced tariffs to 10% and the US to 30%
BeSomebodyFX
Went into a bit more details on why we are bullish the Dollar on out latest post (from Wednesday) on Substack, here:
Everything was explained in detail, well in advance