With a negative fundamental from the US - #ISM data, #USD stalled to a decline below the 95.05/10 levels again. This reflected the sudden burst of liquidation from speculative bulls on the USD that prompted a lift as a catalyst for #CABLE rising above the 1.3400 even to this writing. As the late Asian trading session begins to unfold for a shift back towards Japanese #YEN strength trading at 101.40 (#USDJPY) levels for the third time since May 2016 alone.
CABLE - GBPUSD
Link: https://dwq4do82y8xi7.cloudfront.net/x/o0rQSrTA/
USDJPY Overlay DXY (PC)
Link: https://dwq4do82y8xi7.cloudfront.net/x/KHwwIRUD/
AUSSIE DOLLAR
Link: https://dwq4do82y8xi7.cloudfront.net/x/pNMXSELH/
This has been a trading sequence of alternating trades applied which we have emphasized for the past quarter. As investor / traders that Megatrade101 continuously remind active tactical clients that such market conditions exist from time to time; that a USD decline whenever it is identified should be protected with this cross trade strategy. Alternately, #USDCHF (Swiss Franc) is another CCY pair to consider.
Likewise, the #AUSSIE (update as of 9.08.16) can accommodate such strategy even better in lieu of the fact that the commodity currency pair carries a far better carry trade swap vs the USD. Alternative Crosses are viable choices whenever swap rates are discussed.
For now, considering the USD decline, expect a more positive lift for European majors and Asian currencies to benefit from a declining USD.
MEGATRADE101.com - The Business of Making the Right Trading Decisions Beyond Charting & Price Action Analysis
Showing posts with label BRISITSH POUND. Show all posts
Showing posts with label BRISITSH POUND. Show all posts
Tuesday, September 6, 2016
Wednesday, May 18, 2016
#TSOT - CABLE Market CALL 5.12.16 VALIDATED
 |
| GBPUSD as of 5.18.16 |
The extensions being aimed would be higher unless certain market pullback would hinder this rally. But for now some traders may have been fixated on the fundamentals on the BREXIT which is way contrary to today's move. At times, the market do move from a technical perspective against all odds. Pls. note that all trades are correlated with one another as majors and crosses are significantly being traded as a combination that best suits market conditions that delivers the next best probable results in exchange with the risk involved.
Thursday, December 3, 2015
EURO Rallys On ECB Draghi
@MegaTrade101 Ride a Continuing Trend!
When USD softens on a pullback the AUDUSD will continue its trend. But today's statements from ECB Mario Draghi have brought such disappointment of not delivering what was expected have provided a nice bounce back higher for the EURO near the 1.0900 and drove the 1st decline for the USD @98.62 session low. Its was the Euro's turn to shine back into the spotlight until Friday's NFP #'s.
Euro Chart on Cloud
The market reaction where more correlated with the European majors and crosses but not as much as with the Asian currency pairs and their relative cross rates. Media highlights were so centered on a more active move from the ECB, as they were all expecting a 'shock & awe' with the ECB transparent guidance on addition more stimulus was really played out well to their advantage. But still got the awesome rally of the EURO.
Thus driving the initial decline for the USD along side disappointing bearish US reports leading to an even lower price touching 97.60 basis point. Meanwhile, the spill over effects on CABLE were relatively milder with a modest bounce @1.5155/60 levels.
The direct effect on the Euro were affected with short-covering rallies have added to some decent profit-taking for previous trades taken the past week. The market were pretty much mix after the price swings brought about from the press conference.
When USD softens on a pullback the AUDUSD will continue its trend. But today's statements from ECB Mario Draghi have brought such disappointment of not delivering what was expected have provided a nice bounce back higher for the EURO near the 1.0900 and drove the 1st decline for the USD @98.62 session low. Its was the Euro's turn to shine back into the spotlight until Friday's NFP #'s.
Euro Chart on Cloud
The market reaction where more correlated with the European majors and crosses but not as much as with the Asian currency pairs and their relative cross rates. Media highlights were so centered on a more active move from the ECB, as they were all expecting a 'shock & awe' with the ECB transparent guidance on addition more stimulus was really played out well to their advantage. But still got the awesome rally of the EURO.
The direct effect on the Euro were affected with short-covering rallies have added to some decent profit-taking for previous trades taken the past week. The market were pretty much mix after the price swings brought about from the press conference.
Monday, June 30, 2014
USD - A Major Correction! vs. CABLE & CHF Strength
Staying the course on the USD decline has been defined since retreating back from its high @81.02 levels and currently making a follow-through @79.80 basis point briefly touching a low @79.75. These moves have been identified and reinforced from the negative GDP with some delayed reaction while building enough momentum to carry-over the opening of the new contract month of July which is the beginning of the 3rd quarter, 2014.
The shortened trading week towards the 4th of July celebration; on top of a blitz-full of major Jobs figures & other data to be released would really provide a thinly traded market with enough zest for price action both for the Stocks and Foreign Exchange markets combined.with the May trade deficit and the June index on the services sector from the Institute for Supply Management. On Wednesday, U.S. Federal Reserve Chair Janet Yellen is scheduled to speak on financial stability at an International Monetary Fund conference in Washington would indeed bring itn the fireworks.
Anticipating new record highs for both markets with the current "Reinforced CABLE Price Trend and CHF majors gaining strength have further pushed the US Dollar nearest its lows." The alignment of the USD Index movement with the USDCHF which we have previously called have again showed its true colors with the USD Top heavy technical and fundamentally driven market have justified its major correction for the past few weeks now.
Meanwhile, with the USDCHF registering a low @0.8861 and CABLE's new high @1.7112 have stayed well ahead of the stock market prices before the end of the week's trading. But these prices set-by both majors have already fulfilled its initial objectives in setting a new record for the closing month of June. Watch for the price action volatility during and after the market re-opens on the following week of the 3rd quarter trading activity.
The shortened trading week towards the 4th of July celebration; on top of a blitz-full of major Jobs figures & other data to be released would really provide a thinly traded market with enough zest for price action both for the Stocks and Foreign Exchange markets combined.with the May trade deficit and the June index on the services sector from the Institute for Supply Management. On Wednesday, U.S. Federal Reserve Chair Janet Yellen is scheduled to speak on financial stability at an International Monetary Fund conference in Washington would indeed bring itn the fireworks.
Anticipating new record highs for both markets with the current "Reinforced CABLE Price Trend and CHF majors gaining strength have further pushed the US Dollar nearest its lows." The alignment of the USD Index movement with the USDCHF which we have previously called have again showed its true colors with the USD Top heavy technical and fundamentally driven market have justified its major correction for the past few weeks now.
Meanwhile, with the USDCHF registering a low @0.8861 and CABLE's new high @1.7112 have stayed well ahead of the stock market prices before the end of the week's trading. But these prices set-by both majors have already fulfilled its initial objectives in setting a new record for the closing month of June. Watch for the price action volatility during and after the market re-opens on the following week of the 3rd quarter trading activity.
Friday, June 13, 2014
Insight to price Action Analysis: GBPUSD GBPJPY AUDUSD
It takes three (3) to Tango
GBPUSD GBPJPY & AUDUSD: The statement of BoE Gov. Carney's statements was no surprise as he only reiterated the timing that interest rates increase may be expected earlier than most have expected. The timing and with specific delivery concerns along side the rate's implementation and the housing market was more of our concern since the back-drop of a rate increase has always remained but have likewise been over-shadowed by the recent ECB rate cut decision.
Naturally this fueled CABLE to rally to its best performance of the week's trading activity by registering a high @1.6971 to this writing. And prices would remain high and we do not foresee any other related report that may counter the weight of these remarks and current market sentiments. With much of the analysis around the central banks moves just re-establishes our overview that certain currency re-alignments and trade re-balancing across-the-board on the basis of interest rates, inflation. employment / unemployment figures just to name a few. Click here
Related Info on GBPUSD / EURGBP cross trade Analysis
GBPUSD GBPJPY & AUDUSD: The statement of BoE Gov. Carney's statements was no surprise as he only reiterated the timing that interest rates increase may be expected earlier than most have expected. The timing and with specific delivery concerns along side the rate's implementation and the housing market was more of our concern since the back-drop of a rate increase has always remained but have likewise been over-shadowed by the recent ECB rate cut decision.
Naturally this fueled CABLE to rally to its best performance of the week's trading activity by registering a high @1.6971 to this writing. And prices would remain high and we do not foresee any other related report that may counter the weight of these remarks and current market sentiments. With much of the analysis around the central banks moves just re-establishes our overview that certain currency re-alignments and trade re-balancing across-the-board on the basis of interest rates, inflation. employment / unemployment figures just to name a few. Click here
Related Info on GBPUSD / EURGBP cross trade Analysis
Tuesday, May 6, 2014
Price Action & Market Behavior lll
AUDUSD, USDJPY & AUDJPY cross:
In one of our previous statements and market outlook; is that the
mighty US Dollar decline status of being competitive among its peers
could only benefit US valuation of major companies and their earnings
report as we have seen from the past.
Price Action & Market Behavior
Sunday, May 4, 2014
Post US GDP / NFP Case Study & Analysis
POST- US Gross Domestic Product (GDP) & Non-Farm Payrolls (NFP –Jobs Data)
Focus: GBPUSD (CABLE) Highlights & Insight on Price Action & Market Behavior
Case Study no.GBP.20140502
The price action of the major currency pairs across the board were defined as one of the most dramatic price events that occurred within a few hours of trading focused on the British Pound (CABLE) in particular. And @megaTrade101 wanted to share the ‘behind the scene’ highlights of our Video support ‘LIVE Comparative Analysis’ that led to the settlement of our 2nd GBPUSD trade position; other than having settled its current gains before the Jobs data.
Price Action & Market Behavior: Case Study no.GBP.20140502
Related article on: PERCEPTION VS. TECHNICAL ANALYSIS
Focus: GBPUSD (CABLE) Highlights & Insight on Price Action & Market Behavior
Case Study no.GBP.20140502
The price action of the major currency pairs across the board were defined as one of the most dramatic price events that occurred within a few hours of trading focused on the British Pound (CABLE) in particular. And @megaTrade101 wanted to share the ‘behind the scene’ highlights of our Video support ‘LIVE Comparative Analysis’ that led to the settlement of our 2nd GBPUSD trade position; other than having settled its current gains before the Jobs data.
Price Action & Market Behavior: Case Study no.GBP.20140502
Related article on: PERCEPTION VS. TECHNICAL ANALYSIS
Thursday, March 13, 2014
Trade Insight: Majors & Cross Rates
EUR GBP JPY AUD & Crosses
A continuing price action analysis combined with market the latest market data / reports have provided the majors & their respective cross currency pairs a fairly unique overview of the mix market sentiments of the Forex, Commodities and Equities market. It is wise to get a full perspective of all surrounding factors since it is quite obvious to state that the present market conditions have been for sometime fundamentally driven.
Majors & cross currency pairs correlation of price movements alongside these reports do provide a certain degree of trading currency choices and how to trade them. To be able to arrive at least with a well calculated trade strategy that would well be applicable to what the current market conditions are reflecting. Therefore, by following price action along market fundamentals provides a clearly perspective of what the prevailing risks aversions and appetites are, based on the actively traded currency pairs individual performance levels in value and price/range parameters.
Trade Insight: Majors & Cross Rates
A continuing price action analysis combined with market the latest market data / reports have provided the majors & their respective cross currency pairs a fairly unique overview of the mix market sentiments of the Forex, Commodities and Equities market. It is wise to get a full perspective of all surrounding factors since it is quite obvious to state that the present market conditions have been for sometime fundamentally driven.
Majors & cross currency pairs correlation of price movements alongside these reports do provide a certain degree of trading currency choices and how to trade them. To be able to arrive at least with a well calculated trade strategy that would well be applicable to what the current market conditions are reflecting. Therefore, by following price action along market fundamentals provides a clearly perspective of what the prevailing risks aversions and appetites are, based on the actively traded currency pairs individual performance levels in value and price/range parameters.
Trade Insight: Majors & Cross Rates
Subscribe to:
Posts (Atom)