Greg’s Daily Insider Tips W/C 14th January 2019

Friday 18 January 2019

The USDJPY long anticipation is working out as expected, while the EURNZD formed its lower high to confirm a leg lower so sells can be taken advantage of. Elsewhere, the CAD will have a set of data releases including CPI which is not expected to change though there is no clear signal to diversify into the CAD with USDCAD remaining rangebound despite some upside momentum.

https://uk.reuters.com/article/uk-global-markets/asia-stocks-rise-broadly-on-u-s-china-trade-relief-idUKKCN1PC01H

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Thursday 17 January 2019

The pound posted expected CPI figures with inflation standing at 2.1% which represents a 0.2 decline. However, with PM May surviving the no confidence vote the pound strengthened after being volatile to the downside. GBP pairs don’t show clear confluence for position and our GBPNZD for a sell failed to create a lower high.
Meanwhile the USD has been strengthening and USDJPY shows some supreme confluence for long position, despite fundamentals not clearly aligning If technicals align, we will have a long position to pull the trigger on.

https://uk.reuters.com/article/us-global-markets/stock-markets-mixed-in-asia-pound-finds-some-peace-idUKKCN1PA34W

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Wednesday 16 January 2019

The largely expected vote result took place in the UK Parliament. However, despite initial volatility the GBP remained civilzed. That said, todays BoE Gov Carney Speech along with a weakening CPI could see the pound tumble once again.
Crude Oil Inventories and the Beige book will be the main highlights from the US which could see the USD tumble as well giving further rallies to the AUD and NZD

https://uk.reuters.com/article/uk-global-markets/asia-shares-subdued-after-mays-brexit-vote-defeat-pound-steadies-idUKKCN1PA044?il=0

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Tuesday 15 January 2019

Today we will see some mid to light US PPI figures as well ECB’s President Draghi delivering a speech which could have some effect on the EUR. However, the most awaited on the calendar is the Parliament Brexit Vote. In case of GBP rallying we’ll be looking to take advantage of a GBPUSD long scenario and in case of GBP weakness we’ll maintain our GBPNZD scenario for a new low.

https://uk.reuters.com/article/us-global-markets/china-shares-prop-up-asia-on-stimulus-hopes-sterling-braces-for-brexit-plan-idUKKCN1P901N

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Monday 14 January 2019

Todays calendar is broadly light on economic figure releases but that doesn’t mean price action will be this time. Due to the UK political fundamentals and the recent USD developments alongside the over the weekend Chinese data which will dictate AUD and NZD momentum, we have a fair bit to look forward to. GBPNZD, while a winning position, turned out to be a short timed one but the pair is still within the means of possibly forming a lower high which would make us re-take a sell position once again. EURAUD and EURNZD are still retracing so a short position is not ruled out. At the same time, if USDJPY rallies for a new high we can be ready to take advantage of it as well.

https://uk.reuters.com/article/uk-global-markets/asia-shares-u-s-stock-futures-hit-as-chinas-export-slump-jolts-investors-idUKKCN1P8000?il=0

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