...all done for the week...knee jerk reaction settle in perfect timing for the close. Equities finding soft foot and the slow grinding of lows continue 2100.xx for election and 2070.xx to complete the RMT are settle for soft continuation. Still the closing range left but it wont change the outcome after the last leg....
--> On the FX front, also all pretty much settle, Yen cleared all doubts yesterday with the test 105.2x so no surprises for the roll. No point in holding remaining positions until election is clear so manually clearing all in all YEN pairs with UJ 104.8x.
--> Sterling on the verge of entering in consolidation mode, stuck between a Rock and a Hard Place. Inflation is going to explode way before and higher that was anticipated while macro numbers held preliminary Q3 reports putting the BOE in a very tricky position.
I am edging towards a 'hawkish' BOE in the very short term as inflation concerns will be easier to handle with macro numbers still hanging and more important with RMT still to finish the legs in Dollar.
Trading wise, the least interesting in terms of TA. WE lost 1.228x reference and we are literally trading air in no man's land. Short term remain bearish but softer, Mid term no changes yet with Brexit still to come while for the Long Run a slightly neutral FA for the closing of the year ....a glimmer of the bottom in GU is near via inflation and pretty much technical macroeconomic exhaustion for further depreciation in the Pound.
--> Finally on the Euro, no much surprises during the month and like YEN completed the main test 1.088x very early on the week to make things a lot easier to manage while Mid term leg is in full motion for the next couple of months. Also in the long term, solid numbers particularly from the periphery confirming the recovery that was expected since early in the year and also a glimmer of the long term bottom with ECB on track to raise QE next year .... only wildcard is brexit and the policial front ....
For the current leg, I was expecting a close 1.086x rather 1.097x after the news but the small knee jerk reaction from the election front pretty much killed all chances.
Whatever the case, for those who already chose their poison to reload for the short term swing or load logs for the first time on the European close is nothing to see or do.
Thanks to the news we have a powerful W a M double combo 'Roll Play' confirmed for today ... Choose your poison time also for the mid term leg for those aiming to load longs or add shorts ... For those who haven't decided yet is time to look for positions in the next few sessions starting on the close today.
For the rest of us is ....same levels, same trades, same all....
sisse
--> On the FX front, also all pretty much settle, Yen cleared all doubts yesterday with the test 105.2x so no surprises for the roll. No point in holding remaining positions until election is clear so manually clearing all in all YEN pairs with UJ 104.8x.
--> Sterling on the verge of entering in consolidation mode, stuck between a Rock and a Hard Place. Inflation is going to explode way before and higher that was anticipated while macro numbers held preliminary Q3 reports putting the BOE in a very tricky position.
I am edging towards a 'hawkish' BOE in the very short term as inflation concerns will be easier to handle with macro numbers still hanging and more important with RMT still to finish the legs in Dollar.
Trading wise, the least interesting in terms of TA. WE lost 1.228x reference and we are literally trading air in no man's land. Short term remain bearish but softer, Mid term no changes yet with Brexit still to come while for the Long Run a slightly neutral FA for the closing of the year ....a glimmer of the bottom in GU is near via inflation and pretty much technical macroeconomic exhaustion for further depreciation in the Pound.
--> Finally on the Euro, no much surprises during the month and like YEN completed the main test 1.088x very early on the week to make things a lot easier to manage while Mid term leg is in full motion for the next couple of months. Also in the long term, solid numbers particularly from the periphery confirming the recovery that was expected since early in the year and also a glimmer of the long term bottom with ECB on track to raise QE next year .... only wildcard is brexit and the policial front ....
For the current leg, I was expecting a close 1.086x rather 1.097x after the news but the small knee jerk reaction from the election front pretty much killed all chances.
Whatever the case, for those who already chose their poison to reload for the short term swing or load logs for the first time on the European close is nothing to see or do.
Thanks to the news we have a powerful W a M double combo 'Roll Play' confirmed for today ... Choose your poison time also for the mid term leg for those aiming to load longs or add shorts ... For those who haven't decided yet is time to look for positions in the next few sessions starting on the close today.
For the rest of us is ....same levels, same trades, same all....
sisse
Pending conversations? PM for a chat...I am mainly in OTM now