Greg’s Daily Insider Tips W/C 18th February 2019

Friday 22 February 2019

Today’s fundamental events will arrive from Canada and it’s retail sales while we can expect speeches from the Central Bankers of the US and EU. Nevertheless our watchlist consists of USDCAD mainly assessing the direction of the momentum and whether the inverted head and shoulders pattern will hold and lure traders for buy opportunities.
We are also sticking with AUDJPY for a high probability short based on a intra-day lower high.

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Thursday 21 February 2019

The FOMC failed to inject decisive volatility to the USD and overnight the the AUD weakened due to mixed employment data. Today’s highlight will be the EUR and EURUSD. Longs are favoured by traders, however, technicals are not aligning at this point on the higher time frames which is why cautious trading is advised. The EURAUD is the main focus for today based on a possibe clear higher low formation.

https://uk.reuters.com/article/us-global-markets/asia-shares-rise-on-u-s-china-trade-deal-optimism-aussie-tumbles-idUKKCN1QA04F

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Wednesday 20 February 2019

As expected, the USD sold off and gave a lift to major pairs meaning that both the EUR and the GBP confirmed their initial momentum to the highs.
Traders will be looking to diversify into the likes of EUR and the GBP long on the back of the USD weakness. At the same time, USDCAD short is present as well. While the opportunity is clear we mustn’t forget today’s FOMC meeting which could show retraces into the USD sell off; hence smart stop placements are necessary.

https://uk.reuters.com/article/uk-global-markets/asia-shares-scale-4-1-2-month-peak-on-hopes-of-u-s-china-trade-deal-idUKKCN1Q9032?il=0

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Tuesday 19 February 2019

Today’s UK average hourly earnings will shed some light on wage improvement or lack thereof and whether the unemployment rate can remain at the current 4%. We might see some gains on the GBP especially against the JPY and the USD if the USD weakens further.
On the EUR side, the ZEW German economic sentiment could create volatility that would later show opportunities.
As possible technical short position the NZDJPY ticks many boxes for a trade but we’ll wait for clear confirmation.

https://uk.reuters.com/article/uk-global-markets/asian-shares-flirt-with-four-month-highs-yen-eases-on-kuroda-comments-idUKKCN1Q801E

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Monday 18 February 2019

We have no fundamental catalysts for today and price action might offer the exact opposite from Tuesday onwards than the holiday themed price action today which is why traders are better off waiting to see what price action looks like on Tuesday.

https://uk.reuters.com/article/us-global-markets/asia-shares-bounce-on-trade-talk-stimulus-wagers-idUKKCN1Q700Z

 

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