Looking for opportunities to short AUDJPY after Tue, when AUD is pumped up cuz of the RBA rate release. (Only if it’s at R pivot levels.)
Looking for opportunities to short CADJPY after Wed, when CAD is pumped up cuz of BoC rate release. (Only if it’s at R pivot levels.)
On Fri, there will be JPY monetary policy statement release, expecting a shift from existing policy. The new guy did say last week he wanted to keep things where they are for now, but he also said he wanna keep inflation under 2%. Feeling like his words are inconclusive, plus he’s known for going against the existing BoJ policy for many years. Feel like there’s some wiggling room there.
Not intend to trade USD pairs before Powell testifies on Tue or even right after. I am not a fan of trading right after, if it’s the kind of news that don’t get released immediately, e.g. speech on a forum, meeting, meeting minutes released etc. I usually wait at least an hour or two, for the clear direction of the market to show up after this kind of news is released.
Looking for long opportunities for EUR before Wed. Lagarde did say she wanna keep it 50 points rate rise for the near future last week. (But then again, only would open trades when ADR is stretched and pivot levels are hit.)
Despite everything I said earlier, if situations change (e.g. new news…Lagarde changing her mind etc, direction goes towards the other direction, opposed to my current expectation, and hit pivot levels deep), I will change my mind and open trades in the opposite direction.
Looking for opportunities to short CADJPY after Wed, when CAD is pumped up cuz of BoC rate release. (Only if it’s at R pivot levels.)
On Fri, there will be JPY monetary policy statement release, expecting a shift from existing policy. The new guy did say last week he wanted to keep things where they are for now, but he also said he wanna keep inflation under 2%. Feeling like his words are inconclusive, plus he’s known for going against the existing BoJ policy for many years. Feel like there’s some wiggling room there.
Not intend to trade USD pairs before Powell testifies on Tue or even right after. I am not a fan of trading right after, if it’s the kind of news that don’t get released immediately, e.g. speech on a forum, meeting, meeting minutes released etc. I usually wait at least an hour or two, for the clear direction of the market to show up after this kind of news is released.
Looking for long opportunities for EUR before Wed. Lagarde did say she wanna keep it 50 points rate rise for the near future last week. (But then again, only would open trades when ADR is stretched and pivot levels are hit.)
Despite everything I said earlier, if situations change (e.g. new news…Lagarde changing her mind etc, direction goes towards the other direction, opposed to my current expectation, and hit pivot levels deep), I will change my mind and open trades in the opposite direction.
memento mori
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