Greg’s Daily Insider Tips W/C 25th February 2019

Friday 1 March 2019

On the last day of our trading week there is some volatility from the CAD due to its’ GDP figures. However, the USD data, the PCE Price Index alongside ISM Manufacturing PMI figures will be key to plan ahead for next week and decide whether we include USD pairs in our watchlist.
For now the USDCHF is the only pair we could consider for a short, based on its recent decline from key resistance area.

https://uk.reuters.com/article/uk-global-oil/oil-rises-on-opec-led-supply-cuts-but-economic-weakness-weighs-idUKKCN1QI39K?il=0

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Thursday 28 February 2019

We start this morning by noticing that the USD index formed somewhat of a daily support which could still turn into a lower high to weaken furthe. This effect, however, kept major currencies below their higher highs with the exception of the GBP. The pound has rallied throughout all the pairs giving us the upper hand to be able to filter through the ones that will give us a clear buy signal based on higher lows.
Elsewhere the AUD seems to be weakening further and forming confirmation price action on the AUDJPY and AUDCAD. Either of these presents decent confluence for possible entry.

https://uk.reuters.com/article/us-global-markets/asian-stocks-fall-as-trade-hopes-wane-u-s-north-korea-summit-ends-early-idUKKCN1QH02N

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Wednesday 27 February 2019

Based on the latest developments, the USD index sold off below the daily 50 EMA in line with our anticipation from last week about further USD weakness. While pairs such as GBPUSD have rallied and are extending, others such as the USDJPY is forming short signal only from yesterday which means that we can monitor the pair for short opportunities. Meanwhile, elsewhere, the GBP has been rallying. However, there’s one pair, namely the GBPNZD, which buyers will be keen to watch for a possible long position based on multiple time frame higher low confirmation.

https://uk.reuters.com/article/uk-global-markets/asia-shares-rise-dollar-near-three-week-low-after-fed-comments-idUKKCN1QG05V?il=0

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Tuesday 26 February 2019

Our anticipated pairs made up of the USD, JPY, CHF, GBP and possibly AUD have been ranging since the start of the week. However, we have to monitor all these crosses due to volatility bringing breakouts that could lead to immediate opportunities. That said, today’s main fundamentals are coming from the UK and its inflation report hearings as well CB Consumer confidence and FED Chair Powell’s testimony. The GBPUSD could form a clear higher low prompting buyers to take action.

https://uk.reuters.com/article/uk-global-markets/asian-shares-slip-from-five-month-highs-pound-jumps-on-brexit-delay-hopes-idUKKCN1QF02H?il=0

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Monday 25 February 2019

Starting the week off we could see a weaker AUD due to a major Aussie bank anticipating 2 rate cuts from the RBA which would put the interest rate at 1% on the economy. We could see a temporary USD rally due to the US Pres extending tariffs deadline based on progress.
This week’s opportunities lie within the USD, JPY, CAD and CHF crosses while the GBPUSD could extend it’s rally based on USD weakness and even based on positive Brexit developments.

https://uk.reuters.com/article/uk-global-markets/china-shares-surge-as-trump-offers-tariff-respite-idUKKCN1QD0YX?il=0

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