foo: I've also sold some USDCAD at 1.0915. The steep upTL should break today, targeting the next upTL around 1.0880. - July 31st, 2014 08:58:51 AM
helo: mekongmarcus: eurgbp carry is a negative but it's also quite small. Since 20 days ago, it accumulated something in the region of 7 pips worth of negative carry. Still, considering that I am certain that a medium term bottom is near, I continue to buy in small increments and close those additional longs for small profit (so it plays out like a range trade) - so all in all, I'm actually in profit right now - due to the lengthy consolidation. - July 31st, 2014 08:17:29 AM
Big Bad John: Remember last evening trades Sell stop EUR USD at 1.3365 for 30 pips first then 1.3297 and same 30 pips SL Sell stop AUD USD 0.9320 for 30 pips and 30 pips SL.Remember last target should be 0.9180 USD CHF buy stop at 0.9112 for 30 pips with 30 pips SL. GBP USD sell stop at 1.6880 for 45 pips and 30 pips sl. AUD is triggered and already in profit. I will keep the rest as well as this morning original ones. GBP USD 20 pips in profit and SL to BE NZD USD 10 pips in profit I will take a longer weekend now till Sunday night when I might post some trades.Keep in mind the NFP fade I was talking about on all USD crosses. NFP 235 K and unemployement 6% Have fun now and see you next week - July 31st, 2014 08:03:14 AM
Carmine Marrone: Good morning Mike and crew, how's it going? Looking lower on $DAX 9440/30 area might be on the cards. Still playing this one: http://wp.me/p4IUcN-3S I have a sound track suggestion for tomorrow: https://www.youtube.com/watch?v=3_iQZiVD_zA - July 31st, 2014 07:49:39 AM
Benzine Ghost: Agree with @foo regarding the Kiwi, the characteristic of the move suggest that big boys want to squeeze some short juice from the market , also better data from yesterday regarding Building Consents tells me that the economy is doing well, despite the will of governor Graeme Wheeler to talk down the pair, inflationary pressure remains, despite low diary prices . LONG from 0.849, TP 0.869 - July 31st, 2014 07:43:59 AM
foo: Today is the day of EUR and NZD short squeezes. Looking at NZDUSD, we have a very very nice set up - inverse H&S as well as bearish TL intersection at 0.8515 (AFTER bullish divergence has completed). Target is at least 0.8580. Roughly the same case for EURUSD although the line is a little trickier to draw. Prefer to play EUR on the crosses, EURGBP in particular. Target would be around 0.80. - July 31st, 2014 07:28:33 AM
mekongmarcus: Hi hello,what's the carry like on a EUR/GBP long ? - July 31st, 2014 06:50:15 AM
hello: Eurgbp long - I've been posting this trade for weeks now. Yep, any moment now...;) - July 31st, 2014 06:43:03 AM
Big Bad John: USD JPY buy stop 102.80 for 30 pips first then 103.40.SL 30 pips In case we go below 102.40 sell for 30 pips EUR USD sell stop at 1.3391 for 30 pips and 30 pips SL.In case we go above 1.3430 buy for 30 pips NZD USD sell stop at 0.8500 for 40 pips and 30 pips SL.In case we go above 0.8540 buy for 30 pips USD CHF buy stop at 0.9095 for 30 pips and 30 pips SL.In case we go below 0.9055 sell for 30 pips GBP USD sell stop at 1.6910 for 30 pips first then 60 and 30 pips SL.In case we go above 1.6950 buy for 30 pips Please move SL to BE after 20 pips and from 30 pips on trail the move - July 31st, 2014 06:42:14 AM
Chris2: Lol always pays to listen to the big guys IMF, BIS ,etc after all ,its there ball game atvb Chris - July 31st, 2014 08:57:19 AM
hello: Nasdaq ain't looking too hot right now... My 2007 scenario may not work exactly as planned - but we shall see. In theory, nasdaq should close today at its highs and start its grand reversal tomorrow, but it seems to be moving down right now - rather rapidly. Perhaps today's jobs data will cause it to move higher still? Oh well - I'm a seller-only, but the current pre-market drop is intriguing. Perhaps Argentina is to blame for this? - July 31st, 2014 08:54:46 AM
Mau: Is it a little strange that the cable has been falling 14 days now, without any correction. It sems like its just falling and falling. I meen when you look at the chart over a period of time, it allways come with some correction within 5-8 days! - July 31st, 2014 08:46:22 AM
Ryan Littlestone: Ha ha ha Chris. I'm making a mental note now for the next time she speaks about the UK And long may it continue for my position - July 31st, 2014 08:45:09 AM
Chris2: Morning Ryan, yep , could also be IMF & Christine wanting to collect as soon as on there £ shorts lol , atvb Chris - July 31st, 2014 08:35:16 AM
peter macd: Several European companies this morning have specifically mentioned Russia hurting revenue which hurts sentiment. @Billy Bragg. Russia switching off gas would hurt Russia as much or more than Europe. Cutting off its nose to spite its face as the saying goes. - July 31st, 2014 08:45:29 AM
peter macd: .Several European companies this morning have specifically mentioned Russia hurting revenue which hurts sentiment. @Billy Bragg. Russia switching off gas would hurt Russia as much or more than Europe. Cutting off its nose to spite its face as the saying goes. - July 31st, 2014 08:42:57 AM
Mike Paterson: German unemployment rocketing BB ? Data says not. - July 31st, 2014 08:14:34 AM
Billy Bragg: Germany unemployment ROCKETS... a huge culprit is their Financial Transaction Tax - same as france - which is KILLING jobs !!!! Bye bye you european losers, enjoy your 3rd world status... - July 31st, 2014 07:59:15 AM
Billy Bragg: German officials have leaked the sh**ty numbers to their banks (as usual) so we have equities crashing in europe. With luck russia will switch off their gas - July 31st, 2014 07:34:13 AM
Mike Paterson: i think it turned bearish at 1.7200 Ashraf.. lol.. just kidding. but yes a break of 1.6730-50 will be interesting.. beware false breaks tho with NFP looming.. i'm still a rally seller though and see ntg to change my mind. have to wear some pain sometimes tho - July 31st, 2014 08:45:02 AM
Ashraf: Hi Mike, at what sort of level you'd suggest the GBP has turned bearish i.e. reversal of overall uptrend. I am eyeing 1.6750 but if this sort of level breaks do you think it could be downhill from there? Many thanks - July 31st, 2014 08:38:41 AM
Mike Paterson: Indeed Chris.. Thanks for the link - July 31st, 2014 07:41:58 AM
Chris2: Morning Mike,old lagging etc index, no surprise to us on here as I have been posting with this , http://www.hometrack.co.uk/our-insight/monthly-national-house-price-survey atvb Chris - July 31st, 2014 07:18:14 AM
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