Happy CPI day! (AUDUSD Trade idea)
Hello...Another day, another trade opportunity!
Today we have the CPI, I spoke about banks over the weekend and how they will become under pressure to rates increase, it's part of debt cycle - I will recommend you watch it as well research into what a debt cycle is and what assets get affected. Now, headlines bring in fear, in my person opinion, technically JPM was bearish pattern and it break to down side, that's when I use the classic line ' Trade what you see, not what you think'. Ignoring the noise everyday is key! It wasn't major deal we not going back to 2008! The Feds have improved as time goes by there are tools! That's another aspect you should research into! Now that's all over done with and was sorted on the weekend Sunday evening. Now we did see dollar decline and GBP, EUR, NZD headed higher AUD is lacking the momentum, there are several factors why as we see copper range bound, AUD this week unemployment rate but today we do have CPI which could edge this certain pair either direction. A good set up to trade would be AUDNZD.
Estimated to be CPI y/y: 6.0% Banks has there view of it being in-line. Now, if we look at CME rate basis %, the risk of 50 basis point is declining and 25 maybe priced in but for the feds to hike even further that's declining as well.
Technically AUD: RANGE for now.
Within range, at key trendline resistance a break above I expect 200 EMA to be target areas. If we break below the key support areas of 0.65750 areas then I expect 0.64700 areas.
Trade Safe!
Trade Journal
Hello...Another day, another trade opportunity!
Today we have the CPI, I spoke about banks over the weekend and how they will become under pressure to rates increase, it's part of debt cycle - I will recommend you watch it as well research into what a debt cycle is and what assets get affected. Now, headlines bring in fear, in my person opinion, technically JPM was bearish pattern and it break to down side, that's when I use the classic line ' Trade what you see, not what you think'. Ignoring the noise everyday is key! It wasn't major deal we not going back to 2008! The Feds have improved as time goes by there are tools! That's another aspect you should research into! Now that's all over done with and was sorted on the weekend Sunday evening. Now we did see dollar decline and GBP, EUR, NZD headed higher AUD is lacking the momentum, there are several factors why as we see copper range bound, AUD this week unemployment rate but today we do have CPI which could edge this certain pair either direction. A good set up to trade would be AUDNZD.
Estimated to be CPI y/y: 6.0% Banks has there view of it being in-line. Now, if we look at CME rate basis %, the risk of 50 basis point is declining and 25 maybe priced in but for the feds to hike even further that's declining as well.
Technically AUD: RANGE for now.
Within range, at key trendline resistance a break above I expect 200 EMA to be target areas. If we break below the key support areas of 0.65750 areas then I expect 0.64700 areas.
Trade Safe!
Trade Journal
Komentar:
Technically, I don't see why we can't reach 0.68 half areas to 0.69 areas!