Greg’s Daily Insider Tips W/C 3rd December 2018

Friday 7 December 2018

The EURNZD and GBPNZD have extended gains further and since we are at the start of the rally higher low formation will present buying opportunities.
Elsewhere USD remains range bound and caution should be exercised for those who want to position themselves.

https://uk.reuters.com/article/us-global-markets/asia-shares-struggle-to-rally-oil-skids-further-idUKKBN1O601F

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Thursday 6 December 2018

Yesterday’s anticipation of NZD weakness against the GBP and EUR has worked with both pairs rallying to new intra-day highs. Any intra-day pullback and higher low formations would serve as a means to buy the GBP or EUR against the NZD for further gains.
The USD remains range bound. however, today’s OPEC meeting alongside Oil Inventories figures and FOMC member speeches we might get the breakout that could set things in motion and form new momentum.

https://uk.reuters.com/article/uk-global-markets/u-s-stock-futures-slip-asia-follows-after-canada-arrests-huawei-cfo-idUKKBN1O5002?il=0

 

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Wednesday 5 December 2018

Overnight the AUD weakened due to lower than expected quarter on quarter GDP figures. It made the currency tumble against all counterparts. An AUDUSD, AUDCAD and AUDJPY sell will be on many traders’ list but waiting for a better entry based on a retrace would provide a much superior position.
EUR and GBP PMI numbers will dominate the EU/UK session and GBPNZD could see a sizeable retrace from the lows due to over extension and in the US session the BC rate statement is sure to make the CAD volatile.

https://uk.reuters.com/article/us-global-markets/stocks-retreat-as-falling-u-s-yields-trade-worries-sour-mood-idUKKBN1O402K

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Tuesday 4 December 2018

The antipodeans AUD and NZD extended their highs not giving a chance to traders to scale in for long positions with good risk to reward, but with the current USD development the CAD and JPY are joining in on the strength against the USD. Therefore USDCAD sell and even CADJPY buy are feasible intra-day trades at value that could last throughout the week.

https://uk.reuters.com/article/us-global-markets/asia-shares-fall-as-lift-from-us-china-trade-truce-ends-idUKKBN1O303D

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Monday 3 December 2018

The market has opened up with some gaps mainly on the commodity based currencies due to the trade treaty reached between the US and China, halting further imposing of tariffs for at least 90 days. We expect the USD to remain range bound while AUD, NZD, CHF and even JPY could see rallies.

https://uk.reuters.com/article/uk-global-markets/asian-shares-oil-soar-on-sino-u-s-trade-truce-idUKKBN1O10TX?il=0

 

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