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- OMGtrader replied Sep 17, 2018
surprisingly... there isn't that much of a reaction on the news... JPY pairs going back up again... Seems like the markets are ignoring the impacts of a long term trade war.
Fundamental Trading Always beats Technical Trading 100%
- OMGtrader replied Sep 17, 2018
careful though... Rate decision is coming this Thursday although it is expected to remain the same.
Fundamental Trading Always beats Technical Trading 100%
- OMGtrader replied Sep 17, 2018
looks like the CAD short in the short term may pan out NAFTA talks has somewhat stalled. No planned talks this week...yet.. and Canadian PM still reluctant to make concessions on dairy.
Fundamental Trading Always beats Technical Trading 100%
- OMGtrader replied Sep 17, 2018
the Yen and other safe havens acting poorly...Looks like markets are doubting that Trump will follow through on tariffs.
Fundamental Trading Always beats Technical Trading 100%
- OMGtrader replied Sep 14, 2018
I will wait to see what they unveil as a economic plan to right the ship for TRY. Sept 20th is the release date... Any short comings can see an resumptions of the trend of Lira selling. Anything before that... is mostly just technical movements. Not ...
Fundamental Trading Always beats Technical Trading 100%
- OMGtrader replied Sep 13, 2018
ah... Trump... Trump...Trump I think can be a possibility for re-load on the long side... Unless, he start slapping tariffs again... then... It is back to the sell side for the AUD.
Fundamental Trading Always beats Technical Trading 100%
- OMGtrader replied Sep 13, 2018
The Aud reported a very solid job report last night. It appears that the AUD may start getting bids as economic data has improved as of late on top of loosening trade tensions between USA & China which all should work in its favor. The RBA has also ...
Fundamental Trading Always beats Technical Trading 100%
- OMGtrader replied Sep 13, 2018
this is why you do not play major news events, the risk far outweigh the rewards because.. you simply don't know what will happen. Yes you get a stop loss, but the slippage on very exotic pairs is massive. Anyways... It is just a $2k loss, nothing ...
Fundamental Trading Always beats Technical Trading 100%
- OMGtrader replied Sep 12, 2018
ya.. saw that on the news feed...Likely risk on sentiment is back. Short safe havens... JPY/CHF/USD
Fundamental Trading Always beats Technical Trading 100%
- OMGtrader replied Sep 12, 2018
report that the Mexican negotiator is heading to DC.. a good sign that a deal is on the way.
Fundamental Trading Always beats Technical Trading 100%
- OMGtrader replied Sep 12, 2018
news was that Canada was ready to make concessions on dairy which appears to be the only lasting disagreements for a deal. Looking a deal is near and CAD likely to continue to strengthen. Any trade deal will also increase more likely hood of more ...
Fundamental Trading Always beats Technical Trading 100%
- OMGtrader replied Sep 10, 2018
the BOE is too reliant on Brexit news now and way less on BOE. The ECB is up in the air... any sign of dovishness from ECB likely start an downtrend move given that the dollar has been very grown economic news wise of late.
Fundamental Trading Always beats Technical Trading 100%
- OMGtrader replied Sep 7, 2018
usually the YEN performs the best in risk off situations... but right now it is lagging behind CHF as safe haven currency, which rarely happens...
Fundamental Trading Always beats Technical Trading 100%
- OMGtrader replied Sep 7, 2018
question is... is that good or bad for the YEN?
Fundamental Trading Always beats Technical Trading 100%
- OMGtrader replied Sep 7, 2018
BOC Wilkins said the bank may raise rates even if NAFTA fails apart.. but only expecting +5k jobs... seems like a low number to beat. but.. came in at -51k jobs vs +5k.... interesting.... prices ignoring it as likely NAFTA news is overriding jobs ...
Fundamental Trading Always beats Technical Trading 100%
- OMGtrader replied Sep 6, 2018
possibly also can come after NAFTA gets done as Trump may want to use a new NAFTA agreement against China. CAD will soar when new deal is reached.
Fundamental Trading Always beats Technical Trading 100%
- OMGtrader replied Sep 6, 2018
more Chinese tariff on the way soon? Markets are bracing for it...
Fundamental Trading Always beats Technical Trading 100%
- OMGtrader replied Sep 6, 2018
highly possible as the central bank taken a dovish tone.
Fundamental Trading Always beats Technical Trading 100%