....and we are rolling with irrelevant closes in Euro but a bit more telling in Sterling...
Expecting very little till inflation numbers from the US...till then...
sisse
Yes.
==> I think what you were implying before is TA wise the current highs are not locked. They aren't yet but not necessarily because of monetary policy, at least not in the current circumstances.
==> Despite FED monetary policy, If you are tracking the FX board from the DX side you can see we cleared Euro* via risk and french election, today we cleared Sterling* via BOE, from the majors only Yen* is still pulling the basket back. All the other pull factors come from Dollar inherit reasons.
==> If you are sharp enough and assuming we already have all the answer for June in monetary policy in ECB, BOE, BOJ and FED, the only wild card is risk. If we trigger ST term risk Yen* will join the party in the push factors while commodity currency AUD* & CAD* will provide the soft pulls via commodities (with Gold via risk and Oil as a completely uncorrelated variable from this perspective).
Basically in the previous 3 paragraphs you have the whole current FX board ready to trade from a very advanced view.
I think you and a few others are ready to stop the chewed down conversation and raise the level of discussion ... Recommend you to read and re read and read again with the respective charting workspace, there is a lot of information there...
I hope it helps.
sisse
Expecting very little till inflation numbers from the US...till then...
sisse
Disliked{quote} I don't think so! His point is that expectation for FED hiking is a done deal (90%). There is no other signs (i.e., CBs coordination) for another scenario or surprise. It happened in the recent past after Brexit voting that CBs made a surprise and managed to soften the brexit outcome.Ignored
==> I think what you were implying before is TA wise the current highs are not locked. They aren't yet but not necessarily because of monetary policy, at least not in the current circumstances.
==> Despite FED monetary policy, If you are tracking the FX board from the DX side you can see we cleared Euro* via risk and french election, today we cleared Sterling* via BOE, from the majors only Yen* is still pulling the basket back. All the other pull factors come from Dollar inherit reasons.
==> If you are sharp enough and assuming we already have all the answer for June in monetary policy in ECB, BOE, BOJ and FED, the only wild card is risk. If we trigger ST term risk Yen* will join the party in the push factors while commodity currency AUD* & CAD* will provide the soft pulls via commodities (with Gold via risk and Oil as a completely uncorrelated variable from this perspective).
Basically in the previous 3 paragraphs you have the whole current FX board ready to trade from a very advanced view.
I think you and a few others are ready to stop the chewed down conversation and raise the level of discussion ... Recommend you to read and re read and read again with the respective charting workspace, there is a lot of information there...
I hope it helps.
sisse
Pending conversations? PM for a chat...I am mainly in OTM now
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