Greg’s Daily Insider Tips W/C 8th April 2019

Friday 12 April 2019

The USD continued its relative strength across the pairs and buyers can look forward to possible higher lows on several USD pairs including USDCAD and USDJPY. Todays US Consumer data is out as well as inflation expectations, and market participants can look forward to positioning themselves before these data releases.
Elsewhere the UK and EU agreed on a flexible Brexit deadline up to the end of October, which means that without clear developments the GBP will be mostly indecisive.

https://www.reuters.com/article/us-britain-eu-germany-altmaier/eu-stands-together-to-avoid-no-deal-brexit-german-minister-says-idUSKCN1RO0JO?il=0

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Wednesday 10 April 2019

Thursday 11 April 2019

The FOMC meeting minutes from the US created a knee jerk reaction, and while the USD pulled back right after the event it was merely to provide a value re entry. We therefore remain bullish on the USDCAD and even the USDJPY makes our list for possible long opportunities!!

https://uk.reuters.com/article/us-global-markets/growth-woes-douse-rally-in-asian-shares-dollar-slips-idUKKCN1RN029

 

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Wednesday 10 April 2019

The USDCAD fulfilled our expectations and pullbacks should be viewed as a means to target long opportunities. That said, the USD could act volatile if the FOMC Fed meeting minutes change the narrative.

https://uk.reuters.com/article/us-global-markets/asian-stocks-slip-from-eight-month-high-as-new-trade-war-front-opens-idUKKCN1RM04H

 

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Tuesday 9 April 2019

Once again we can expect a light trading day from a fundamentals perspective but with the USD pulling back, opportunities on the USDJPY and USDCAD. The EURJPY and NZDUSD needs more patience to develop into something feasible when it comes to a technical confirmation.

https://uk.reuters.com/article/uk-global-markets/asian-shares-held-back-by-cautious-mood-oil-surges-idUKKCN1RL047

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Monday 8 April 2019

We expect a quiet trading day due to no meaningful announcements from our calendar. That said, technical price action could be volatile giving us opportunities, once again, on the USDCAD if traders get lured in based on a intra-day higher lows or even the likes of EURJPY.

https://uk.reuters.com/article/us-global-markets/asia-shares-off-7-month-peak-mood-turns-cautious-idUKKCN1RK00X

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