Greg’s Daily Insider Tips W/C 1st April 2019

Friday 5 April 2019

Today’s main event and highlight is the US employment figures and market participants are anticipating a six figure headline number as well as record low unemployment rates. We anticipate the USD to rally once the figures are released and USDCAD long and NZDUSD short are good contenders but extra risk management strategies have to be deployed in case traders react differently.

https://uk.reuters.com/article/us-global-markets/asia-shares-hug-weekly-gains-wait-on-u-s-jobs-test-idUKKCN1RH02B

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Thursday 4 April 2019

Our anticipated NZDUSD sell off still remains on the table, however, the pair is switching to a ranging behavior due to tomorrows US numbers. The EURJPY possible short can’t be ruled out either but despite some deceleration the pair is failing to show clear price action to signal downward pressure, while the USDCAD is trying to form a new high again and if today’s Canadian PMI data disappoints we could see a new higher high.

https://uk.reuters.com/article/uk-global-markets/asian-shares-near-eight-month-highs-u-s-china-talks-in-view-idUKKCN1RG02D?il=0

 

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Wednesday 3 April 2019

Once again PMI numbers will be the highlight of today’s fundamental figure releases, namely Eurozone Services PMIs as well the figures from the UK and ISM non Manufacturing PMI from the US. None of these are clear market movers so we might get little to no reaction as well as continued ranges on pairs. NZDUSD as well as other NZD crosses retraced from the lows to possibly form a lower high if sellers agree on value, while the USD took a slight tumble once again from the 97.50. Elsewhere the EURJPY is retracing as well, fulfilling our anticipation that could result in a decent short position.

https://uk.reuters.com/article/uk-global-markets/asian-shares-scale-seven-month-highs-oil-nears-70-on-tight-supply-idUKKCN1RF03Z

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Tuesday 2 April 2019

Yesterday’s NZD tumbled further against major currencies and market participants were able to catch a value entry on NZDUSD as we anticipated based on a lower high. Elsewhere the USDCAD sold off further to its value 1.33000 price support and we could see higher low if support holds from where long positions would become feasible, as well as EURJPY based on lower highs and trend line rejection. The Aussie weakened based on bearish language used by the RBA but is yet to break below the all important 0.70 cents to the USD.

https://uk.reuters.com/article/uk-global-markets/manufacturing-rebound-lifts-asian-shares-to-seven-month-highs-idUKKCN1RE03C

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Monday 1 April 2019

Price action hasn’t changed drastically compared to last weeks movements especially on the pairs that we were monitoring for entries. In this instance we are keeping our bearish NZD view especially against the AUD, CAD or USD depending on which confirms first.
Today’s calendar is packed but it’s unlikely that the figures will translate towards clear price action. Eurozone PMIs alogside CPI estimates for the year, as well as ISM manufacturing PMI and retail sales from the US which could carry some weight if numbers disappoint or improve greatly.

https://uk.reuters.com/article/us-global-markets/asian-stocks-rally-as-chinas-factory-bounce-lifts-confidence-idUKKCN1RD10A

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