Greg’s Daily Insider Tips W/C 17th December 2018

 

Friday 21 December 2018

Despite the holidays we can still some volatility but without clear direction. That said. the NZD pairs look to continue their weakness from the retrace they formed, mainly on NZDCAD. If the CAD becomes slightly stronger while the NZD is weak we could see a clear reversal going into year end

https://uk.reuters.com/article/uk-global-markets/asian-stocks-slide-investors-rush-to-yen-and-bonds-idUKKCN1OK02L

 

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Thursday 20 December 2018

Coming from yesterday the pound had some mixed data with inflation holding at 2.3% while CAD weakened on weaker data point and the FED delivered what the market expected in terms of a 25 basis point rate hike and future rate hike projections.
The USD saw a slight strength, other major currencies tumbled , especially the NZD, putting back the NZDUSD, NZDCAD and GBPNZD on our watchlist to sell the NZD.

https://uk.reuters.com/article/us-usa-fed/fed-raises-interest-rates-signals-more-hikes-ahead-idUKKBN1OI0DV

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Wednesday 19 December 2018

Despite some major economic announcements the markets and price action is in holiday mode with slow volatility and going nowhere in a hurry. That said, we can’t rule out that in case of data points missing expectations, prices could see one off rallies, especially the USD, due to the FOMC rate hike decision. However, no technical setup looks good enough that we would trade the USD going into the figure release.

https://uk.reuters.com/article/uk-global-markets/asia-tenses-for-fed-call-oil-slide-boosts-bonds-idUKKBN1OI01A

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Tuesday 18 December 2018

The NZDCAD and NZUSD pairs have retraced even further, but have not erased the probability of downward turn which is why it will be the main focus and possible short positions throughout the UK and US sessions

https://uk.reuters.com/article/uk-china-eu/china-hopes-for-orderly-brexit-calls-for-more-open-eu-economy-idUKKBN1OH0AG

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Monday 17 December 2018

The economic calendar is slightly quiet today, however, pairs that confirmed from last week are showing enough potential that in case of retraces and rejections we could further sell or buy few pairs. This includes the NZDCAD sell on a retrace, as well as NZDUSD alongside a EURGBP sell that is showing confirmation only on the weekly time frame for now.

https://uk.reuters.com/article/uk-global-markets/asian-shares-hobbled-by-mounting-risks-to-global-growth-idUKKBN1OG

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