Greg’s Daily Insider Tips W/C 11th March 2019

 Friday 15 March 2019

Our anticipated USDCAD rally paired back it’s gains in the Asian session, however, we can’t rule out a intra-day support just yet. Todays highlight is the US Consumer Sentiment and the market expects improvement which could strengthen the US currency.
Elsewhere the Yen weakened based on the BoJ Monetary Statement, while USDCHF is setting up the scene for a pullback that could only materialize next week.

https://www.bloomberg.com/news/articles/2019-03-15/five-things-you-need-to-know-to-start-your-day?srnd=premium-europe

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Thursday 14 March 2019

Yesterday Core Durable Goods Orders from US posted negative figures weakening the already indecisive USD which is now set to remain in a range for the time being. The UK Parliament rejected a No-Deal Brexit and today there will be a vote for an extension of the UKs’ official exit date, kicking the can down the road which could lead to even 2 more years of indecision.
Meanwhile pairs such as the CADJPY & AUDJPY have retraced further providing an even better entry for sellers once confirmation takes place.
At the same time USDCAD is retesting its breakout price which could lead to a rally if support is held at the current 50 EMA.

https://www.bloomberg.com/news/articles/2019-03-13/asia-stocks-to-rise-after-u-s-gains-pound-surges-markets-wrap?srnd=premium-europe

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Wednesday 13 March 2019

After the defeat of PM May in the UK Parliament where MPs voted against the negotiated Brexit bill, another vote will take place today to possibly avoid a No-Deal Brexit, while tomorrow we should see a Vote Extending Article 50. While initial anticipation of high volatility was expected among market participants for the Pound, for now the volatility is present but contained. Nonetheless trading the GBP makes one of the riskiest fundamental trade since the vote for Brexit more than 2 years ago.
Elsewhere the EUR is set to further weaken especially in case of USD ranging, which seems to be the case, without clear USD momentum. The CADJPY and AUDJPY retraced further to warrant further short positions based on lower high confirmations.

https://uk.reuters.com/article/us-global-markets/asia-shares-stumble-sterling-at-mercy-of-yet-another-vote-idUKKBN1QU02K

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Tuesday 12 March 2019

The US Retail Sales posted improved numbers over the previous readings but despite the USD index rallying above the 70.00 price level, highs were paired back quickly pointing to the fact that it won’t be this US figure that takes the USD out of its indecisive movements. Todays US highlight will be in the form of monthly inflation numbers, which hold higher significance overall and could provide USD based entries in the coming days.

Another highlight is going to be a supposed GBP GDP improvement, which inevitably will be overshadowed by UK’s Parliament vote on the Brexit bill. We could already see early long positioning due to the anticipation of the Vote failing to go through. That said, it’s better to wait for more clear signs before committing capital.

Elsewhere on the crosses the AUDJPY retraces enough to anticipate another tumble while NZDJPY could tumble from a triple top

https://uk.reuters.com/article/uk-global-markets/pound-soars-asian-shares-rally-after-brexit-deal-changes-idUKKBN1QT031

 

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Monday 11 March 2019

We will be monitoring the USD and USD pairs to assess the aftermath of the NFP and Employment numbers released on late Friday. The US will add to this it’s retail sales figures today which are largely expected to improve. This could give support to the USD at the start of the week
Elsewhere the Yen could see further safe haven inflows which is why retraces from the lows within Yen pairs could possibly end up in lower high formations inviting sellers to the table.

https://uk.reuters.com/article/uk-global-markets/asian-shares-struggle-after-u-s-payrolls-shock-idUKKBN1QS02K

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