Greg’s Daily Insider Tips W/C 7th January 2019

Friday  11  January 2019

The GBPNZD achieved our initial profit target and due to UK GDP figures we have to be prompt in case figures are positive and the GBP strenghtens. Lower high formations could present scaling opportunities to the downside.
Elsewhere US CPI will decide whether the USD continues it’s decline.

https://uk.reuters.com/article/uk-global-markets/asia-stocks-reach-five-week-high-yuan-makes-big-weekly-gains-idUKKCN1

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 10 January 2019

The FOMC meeting minutes showed mostly what the market expected and that is the stopping of the rate hike cycle in 2019. That said, sellers took the USD lower and gave a rally to other major pairs. the NZD looks to see some strength, which is why NZDUSD long is a good choice but confirmation for a better price is whats needed. On the other hand GBPNZD looks Next pageset for a fall for the same NZD strength. EURCAD and EURNZD remain on our watch list.

https://www.reuters.com/article/us-global-forex/dollar-weak-on-expectations-of-no-2019-fed-hikes-aussie-slips-idUSKCN1P402C

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 9 January 2019

Our projections for the CAD and USD pairs and EUR respectively have yet to form their price action due to low volume throughout the start of the week but todays Bank Of Canada rate decision and FOMC meeting minutes is bound to shed some light on where the USD and major pairs are heading.

https://uk.reuters.com/article/uk-global-oil/oil-prices-climb-amid-u-s-china-trade-talk-optimism-idUKKCN1P301S?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

____________________________________________________________________

Tuesday 8 January 2019

Yesterday’s projections have not fulfilled due to price action being muted or continuing with slow volatility. Today UK and and EU Trade balance figures will be out which tends to not drive price action. That said, we can expect volatility in the CAD and some of the CAD pairs due to the upcoming possible rate hike from the Central Bank as well as USD FOMC meetings. All this on Wednesday. CAD pairs will be on our watchlist followed by USD.

https://uk.reuters.com/article/uk-global-markets/asian-shares-run-out-of-gas-investors-look-to-sino-u-s-trade-talks-fed-policy-idUKKCN1P201O

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 7 January 2019

The NFP numbers from the US were mixed at best and while improvement was visible on average earnings the unemployment shot up by 0.3% which shows a contracting economy going forward. Thus the USD looks to be in a sell off mode starting the week.
Most probable opportunities lie within the EURCAD and EURAUD if they manage to retrace from the lows and confirm sell entries, While the NZDCAD and USDJPY will be the pairs to monitor for developments.
If today’s ISM Non manufacturing from the US disappoints we can expect further USD decline.

https://uk.reuters.com/article/uk-global-markets/stocks-ride-relief-rally-sino-u-s-trade-a-hurdle-idUKKCN1P00QE?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.