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

Friday 29 March 2019

Today we will continue to watch the NZD and its behaviour to take advantage of further possible short positions. The fundamental highlight, however, will be stolen by the UK and its 3rd vote on whether PM May’s deal is going through or not. We can expect heavy volatility regardless of the result. At the same time USD data could make the USD pairs volatile as well.

https://uk.reuters.com/article/uk-global-markets/asian-stocks-gain-on-hopes-of-progress-in-u-s-china-trade-talks-idUKKCN1RA03I

You could be getting some of this… Join me in the Live Room where I show you everything and you can even copy my trades: Get started here

____________________________________________________________________

Thursday 28 March 2019

Yesterday’s NZD retraces from the lows are showing what we anticipated and we could see possible entries from market participants as soon as confirmation of price action occurs. Pairs such as NZDUSD and AUDNZD are showing the highest promise.
On the other hand, today’s main events are q/q Final GDP from the US alongside some FOMC speeches and the Japanese y/y inflation based on which the USDJPY could see a further downside.

https://uk.reuters.com/article/us-global-forex/dollar-edges-up-as-more-central-banks-turn-dovish-defies-lower-bond-yields-idUKKCN1R903G

 

You could be getting some of this… Join me in the Live Room where I show you everything and you can even copy my trades: Get started here

____________________________________________________________________

Wednesday 27 March 2019

Coming from the Asian session, the NZD weakened across the board against all currencies due to the latest dovish outlook from the RBNZ in its statement which now seems to imply that the next move in the cash rate will be a cut. Pairs such as NZDCAD, NZDJPY and even NZDUSD took a tumble and the likelihood is that they follow their downward move with lower high retraces providing possible entries. Out of all the pairs the AUDNZD has the highest probability for a reversal to the upside. Any pullback should be monitored for further rally for support.
Elsewhere the UK votes once again which could make for a volatile London Session while Crude Oil Inventories and and Trade Balance will have mild effect on the USD.

https://uk.reuters.com/article/us-global-markets/asian-shares-lose-steam-on-u-s-recession-fears-kiwi-dives-on-rbnz-signal-idUKKCN1R803G

 

You could be getting some of this… Join me in the Live Room where I show you everything and you can even copy my trades: Get started here

____________________________________________________________________

Tuesday 26 March 2019

Major pairs seem to stay in limbo at the start of the week, partly due to the USD sideways action, while currencies such as CAD and JPY paired with USD could provide opportunities. The EURJPY retrace could extend up to the breakout zone showing a clear short opportunities in the coming sessions. Nonetheless, today’s highlights are coming from the USD in the form of FOMC member speeches as well building permits and CB Consumer Confidence. Unfortunately, none of these data sets might be strong enough to decide the fate of the USD for now.

https://uk.reuters.com/article/uk-global-markets/asian-shares-tick-up-as-u-s-bond-yields-come-off-late-2017-lows-idUKKCN1R7042?il=0

You could be getting some of this… Join me in the Live Room where I show you everything and you can even copy my trades: Get started here

____________________________________________________________________

Monday 25 March 2019

Today’s calendar remains light, however, there’s a few possible opportunities which could materialize if confirmed accordingly. We will be monitoring the USD, the CAD, the EUR as well as the JPY for possible retraces or pullbacks to value to either go long or short based on higher lows or lower highs. Elsewhere the GBP remains volatile as the conclusion of Brexit nears.

https://uk.reuters.com/article/uk-britain-eu/brexit-up-in-the-air-as-may-pushes-divorce-deal-for-third-time-idUKKCN1R40DN?il=0

You could be getting some of this… Join me in the Live Room where I show you everything and you can even copy my trades: Get started here

 

Comments are closed.