USDJPY is already trading 100 pips lower in weekend markets.
It’s Yen time.
And this time it's real.
Here’s why:
https://besomebodyfx.substack.com/p/its-yen-time
In less than a 5 minute read, you can be fully aware of what’s going on behind the Yen and how it’s likely to keep moving, and why!
It’s Yen time.
And this time it's real.
Here’s why:
https://besomebodyfx.substack.com/p/its-yen-time
In less than a 5 minute read, you can be fully aware of what’s going on behind the Yen and how it’s likely to keep moving, and why!
BeSomebodyFX
Another soft NFP
But wait! The unemployment rate fell, so... the data was mixed, right?
Ehhh not quite.
See, there are 2 ways to make the unemployment rate go down:
1. People get hired, that’s the good one
2. Or people exit the labor force, that’s the bad one
And well…
The latest drop?
It’s because of number 2
Now pair that with a negative NFP and a massive downward revision to the prior 2 NFPs, and well... that's quite a dovish labor market print.
I'll make a video explaining more details this weekend.
Ehhh not quite.
See, there are 2 ways to make the unemployment rate go down:
1. People get hired, that’s the good one
2. Or people exit the labor force, that’s the bad one
And well…
The latest drop?
It’s because of number 2
Now pair that with a negative NFP and a massive downward revision to the prior 2 NFPs, and well... that's quite a dovish labor market print.
I'll make a video explaining more details this weekend.
BeSomebodyFX
I'll make a video explaining more details this weekend.
NFP came in negative, but the unemployment rate was better than expected, that sounds like a mixed batch of data, right?
No! And here’s why:
https://www.youtube.com/watch?v=2KLD0IEgNpY
In this latest video I open the actual report and walk through what's underneath the headline and what it means for the Dollar ahead.
No! And here’s why:
https://www.youtube.com/watch?v=2KLD0IEgNpY
In this latest video I open the actual report and walk through what's underneath the headline and what it means for the Dollar ahead.
BeSomebodyFX
We are long GBPUSD. Another soft NFP with also once again large revisions to the 2 prior NFPs underneath the surface, and lower wages as well. The FED will NOT hike! Target 1.3660
GBPUSD, moving stop loss at breakeven.
If it's going to run higher, the CPI low should hold.
If it's going to run higher, the CPI low should hold.
START HERE, IMPORTANT LINKS
1. First of all, beware of fakes! This is our ONLY official public Telegram channel, you can always verify our website and official contact details here:
Official website:
https://besomebodyfx.com
Verified contact details:
https://besomebodyfx.com/contact-us/
2. If you want to understand how fundamental analysis actually works, start with this complete 1 hour video guide on YouTube:
https://www.youtube.com/watch?v=xXNMuSio-lo
3. And if you like what we do here, the Private Network is where we share every trade we personally take so you can follow and learn from us:
https://besomebodyfx.com/besomebodyfx-network/
All that said...
Any questions along the way, you can reach out @JayRally
1. First of all, beware of fakes! This is our ONLY official public Telegram channel, you can always verify our website and official contact details here:
Official website:
https://besomebodyfx.com
Verified contact details:
https://besomebodyfx.com/contact-us/
2. If you want to understand how fundamental analysis actually works, start with this complete 1 hour video guide on YouTube:
https://www.youtube.com/watch?v=xXNMuSio-lo
3. And if you like what we do here, the Private Network is where we share every trade we personally take so you can follow and learn from us:
https://besomebodyfx.com/besomebodyfx-network/
All that said...
Any questions along the way, you can reach out @JayRally
Oh and by the way...
This should be the industry standard, but it's not!
Simply, if you follow a trader, make sure he has a public verified myfxbook to show that he can deliver some consistency with his trades, views, analysis, education, anything:
https://www.myfxbook.com/members/JayRally/besomebodyfx/11011363
You don't want to learn from marketers hyping nonsense.
You want to learn from real traders!
A verified track record helps you filter the noise out.
Always demand one from whoever you follow.
This should be the industry standard, but it's not!
Simply, if you follow a trader, make sure he has a public verified myfxbook to show that he can deliver some consistency with his trades, views, analysis, education, anything:
https://www.myfxbook.com/members/JayRally/besomebodyfx/11011363
You don't want to learn from marketers hyping nonsense.
You want to learn from real traders!
A verified track record helps you filter the noise out.
Always demand one from whoever you follow.
BeSomebodyFX
We are long GBPUSD. Another soft NFP with also once again large revisions to the 2 prior NFPs underneath the surface, and lower wages as well. The FED will NOT hike! Target 1.3660
GBPUSD, just a lot choppier than ideal (closed the trade at breakeven)
Macro bias hasn’t changed:
1. US labor market weakening
2. Core CPI trending lower
Still bearish USD (bullish GBPUSD)
Have a GREAT weekend everybody!
Macro bias hasn’t changed:
1. US labor market weakening
2. Core CPI trending lower
Still bearish USD (bullish GBPUSD)
Have a GREAT weekend everybody!
Fundamental analysis is now one prompt and 5 minutes of research with AI.
But the research is the easy part, knowing what to ask for and how to read the data is the whole skill.
I show the whole framework here in 30 minutes, prompt included:
https://www.youtube.com/watch?v=PhtzbUzUEyA
30 minutes to learn it, and verified results (myfxbook) behind it!
But the research is the easy part, knowing what to ask for and how to read the data is the whole skill.
I show the whole framework here in 30 minutes, prompt included:
https://www.youtube.com/watch?v=PhtzbUzUEyA
30 minutes to learn it, and verified results (myfxbook) behind it!
We are long WTI Crude Oil.
The evidences are starting to stack up in favor of either an escalation or a prolonged disruption of Hormuz that keeps prices high.
Just keep in mind, this trade is subject to catalysts that we have NO control on.
We can make educated and informed decisions on the context, but after all, anything can happen.
So, size small, and be ready to scratch the trade if the context changes.
Target 93
The evidences are starting to stack up in favor of either an escalation or a prolonged disruption of Hormuz that keeps prices high.
Just keep in mind, this trade is subject to catalysts that we have NO control on.
We can make educated and informed decisions on the context, but after all, anything can happen.
So, size small, and be ready to scratch the trade if the context changes.
Target 93
BeSomebodyFX
Still bearish USD (bullish GBPUSD)
GBPUSD, I'm not in this trade anymore since I closed it at breakeven in the chop at the start of it.
But sharing this for context:
Basically, the US Treasury is starting a mini QE program!
Bearish USD (bullish GBPUSD)
But sharing this for context:
US Treasury Department announces increased sizes of nominal long end
Basically, the US Treasury is starting a mini QE program!
Bearish USD (bullish GBPUSD)
BeSomebodyFX
Basically, the US Treasury is starting a mini QE program!
In simple, it will lower long end yields and add liquidity.
Not what an economist would define QE obviously!
But for us traders, that's all we need to know.
Again, bearish USD!
Not what an economist would define QE obviously!
But for us traders, that's all we need to know.
Again, bearish USD!
BeSomebodyFX
Bearish USD (bullish GBPUSD)
Once you understand the context, you understand the direction.
BeSomebodyFX
We are long WTI Crude Oil. The evidences are starting to stack up in favor of either an escalation or a prolonged disruption of Hormuz that keeps prices high. Just keep in mind, this trade is subject to catalysts that we have NO control on. We can make…
WTI Crude Oil, moving stop loss at breakeven.
I've had enough of it.
Too much nonsense about trading out there 😉
So I finally did it!
A 2 hour FREE masterclass on fundamental analysis.
EVERYTHING that actually matters.
Not 50 boring definitions you'll never use.
But the REAL actionable frameworks to use every week.
Full video out now on YouTube:
https://www.youtube.com/watch?v=Gblare1YpLk
If it gives you value, like it and leave a comment guys, it lets YouTube know this is VALUE!
Too much nonsense about trading out there 😉
So I finally did it!
A 2 hour FREE masterclass on fundamental analysis.
EVERYTHING that actually matters.
Not 50 boring definitions you'll never use.
But the REAL actionable frameworks to use every week.
Full video out now on YouTube:
https://www.youtube.com/watch?v=Gblare1YpLk
If it gives you value, like it and leave a comment guys, it lets YouTube know this is VALUE!