Breakout London Timeframe

GBPJPY

H4

Bias long...


the market still in sideways...for quite long

good news ....

mixture reaction...for GBP

but Niesr provide a forward guidance on cutting IR,, provided the Brexit goes smoothly

Oil is usually priced in USD so there is a tendency for oil prices to trade inversely to the value of
the USD. This is especially apparent when the USD is in a weakening phase. But the real reason
oil and the USD are inversely correlated is that Middle East oil producers receive oil revenue in
USD, but their import purchases are mostly in EUR. If the USD weakens, their EUR purchasing
power declines, so they raise long-term oil prices to compensate.

This is important info!

The typical currency trading room has:

Flow traders: Sometimes called execution traders, these are the market-makers, showing
two-way prices at which to buy and sell, for the bank’s customers. If the customer makes a
trade, the execution trader then has to cover the resulting deal in the interbank market,
hopefully at a profit. These traders are also responsible for watching and executing
customer orders in the market. These are the traders who are generating most of the
electronic prices and price action.

Proprietary traders: These traders are focused on speculative trading for the bank’s own
account. Their strategies can run the gamut from short-term day trading to longer-term
macroeconomic bets.

Forward traders: Forward traders are active in the forward currency market, which
refers to trades made beyond the normal spot value date. The forward market is
essentially an interest rate differential market, where the interest rates of the various
currencies are traded. These traders provide the bank’s customers with pricing for nonspot
deals or currency swap agreements. They also manage the bank’s interest rate
exposure in the various currencies.

Options traders: Options traders manage the bank’s portfolio, or book, of outstanding
currency options. They hedge the portfolio in the spot market, speculate for the bank’s
own account with option strategies, and provide pricing to the bank’s customers on
requested option strategies.

For those love to know more about fundamental


1. Interest rates and monetary policy developments.
2. Economic growth and inflation data.
3. Political elections and economic policies in major economies.
4. Geopolitical risks, trade conflicts, and terror attacks.
5. Major movements in other financial markets.

Bond yield between EURO and USD

clearly, for long term the appetite to taking risk still there

the short term will be a bit risk off, but probably market take precaution...

Bitcoin.

Potential buying now..

GBPUSD

Daily timeframe

currently price making flag pattern..awaiting it to push up to 1.31 level.

well, it is bit positive news with current political arise of conservative party winning rate increase in coming election.

GBPJPY

Daily tf

price making tight conslidation after making spike.

the range is around 139.10-140.66

nice to trade range bon

GBPNZD

Daily tf

this pair a bit interesting..current price has making consolidation in between 2.0041-2.031.

and the price has break away from the channel and what I expect it making some correction before make another round for uptrend..

Price would probably drop to EMA50 before make sideways.

keep in watchlist for next week!

USDJPY

Daily tf

with current price keep moving up to 109 level.

Bull and bear are fighting fiercely around that corner.. the fight eventually create the rising wedge...and exhaustion time will come soon.

what I expect the the price will drop...

keep in my watchlist!

EURNZD

H4 tf

Bias short

USDJPY

H4 tf

Bias down

EURNZD

still in downtrend...

keep collecting!

almost 500pips

GBPCHF

H4 timeframe.

long

with current risk off, and low demand on CHF from last week...

EURJPY

H4

bias short

Hi Monokl,

Sold EJ too... My UJ hit TP last night, no more position on UJ