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Trade Setup Ideas

For the upcoming week I think there are going to be some nice trading opportunities to make some nice money. I was thinking about EUR/USD longs after last week impressive rally I do still there is some more juice left in the market to be squeeze out on the long side. However we have to keep in mind that below current price there has been created a big void in the order book after last week central bank re-pricing.
GBP/USD seems tricky at this point but I think it can provide a good trading oppor…
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Short GBP/AUD. Trade Explanation

Since it's weekend I just want to take the time and cover in details my latest trades and give you more explanation behind those trades.Today I'm going to start with my short GBP/AUD trade and tomorrow I'll explain my long EUR/AUD which was a loss.
Currency Pair: GBP/AUD
Side: Short
Amount: 5Mill
Time Frame: 1h
Open Price: 1.807985
Close Price: 1.79997
PnL: +80pips
Open date: 13.08.2014 09:30:47
Close Date: 13.08.2014 09:48:37
Reasons Behind the trade: This trade was based just on fundamenta…
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Preparing the Week Ahead


Next week is definitely going to be full of high risk event as we're going to have interest rates announcements from ECB, BOE and RBA which should add some volatility. After last week NFP big surprise to the upside figures although initially the dollar got a bid by the end of the day it erased those gains and we had a general broad based dollar weakness. If you're still confused about this general dollar weakness I've made a blog post right before the NFP announcement where I spoke about why yo…
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Preparing the Week Ahead


Not only the market it can become very sensitive to the current geopolitical event which is Ukraine, but next week the economic calendar is very hot as we have the FED monetary policy announcement and the Fed peace of MBS and Treasury purchase program. Don't be fooled that recent event like the EM crisis or this geopolitical event can interfere with tapering, FED tapering is already on autopilot and we should see further $10B/meeting reduction in assets purchase and we should see Fed moving fur…
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Convallium avatar

Great blog post!  We should always plan our deal if we want to have profit)

Daytrader21 avatar

Convallium true, trading is all about preparation and execution.

Convallium avatar

Thank you, Daytrader21, I will use it on this week)

jezz avatar
jezz 16 Mar

I'm not sure if Draghi can help. His statements are... without authority, to be gentle. The overall negative exchanges between US and Russia are not helping USD at all. If I were Chinese, I would buy the dollar now :P

Convallium avatar

Thank you, Jezz ,for your vision)  I also try to operate with Chinese and USD)

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Preparing the Week Ahead


With the uprising tension in Ukraine and because we are in facto in a war the market action may be disrupted by the events developing right now in Ukraine. If the market will get very sensitive to this geopolitical event we can see massive capital inflows into the save haven instruments like USD,CHF,JPY and Gold which is ultimately the hedge against government not inflation as I've been demonstrating in my previous blog posts.
Above all of this next week economic calendar is very heavy and H
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Maria_r 2 Mar

+1

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Prepering the week ahead


In comparison to last week economics events we should expect for the week ahead some pretty decent action. Although there are no major central bank meeting this week except BOJ Monetary Policy and Interest rates decision we have other data like the CPI which are measuring the inflation and have a threshold target from central bank forward guidance.

Here are the main risk events for this week that you should pay attention:
[list][/list]…
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Metal_Mind avatar

good job bro. Your blog sure helps me in fundamental contest to be always up to date.

Daytrader21 avatar

Thanks buddy, at least I hope you'll win the Fundamental Contest, too bad I don't have to much time left otherwise I'll be all over it:)

Metal_Mind avatar

Thanks buddy. I know. You were the fundamental superstar. You won a dozen prizees.

HOANG_MAI_NHI avatar

Thanks pro

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BOE Inflation Report, Cable Analysis

Last time I've been spoken about Cable we where trading near 1.6260 support level and an important pivotal point and and that moment I was making the point that cable should rally from those levels back up, and it did, but you may be asking yourself what's next with cable? You can check out my blog post here: Clash of the Titans - BOE vs ECB
[list][/list]…
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Clash of the Titans - BOE vs ECB

Today we have both BOE and ECB rate decision which should bring a lot of volatility to the market. When it comes to raise in interest rates BOE appears to be more hawkish than any other Central Bank as the forward guidance target for the unemployment figures are forecast to be reached in early 2015.
It's all about CB's forward guidance here and what message will be sent to the market.
Fundamentally speaking, UK is set to grow faster than any other Western economy. This year the economic data wh…
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Preparing the week ahead


Next week there are very important upcoming economic events as major Central Banks from around the world have scheduled interest rate decisions and upgrade their market policy, and on top of that, Friday we have the NFP figures which after last poor figure has become an important risk event as we know that tapering is "data depending" and any soft number may be perceived as a threat to the reduction of the bond buying programe.
Tuesday we have RBA interest rate decision and market expectati…
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BOE - Interest Rates Decision

Today Bank of England will announce his interest rate decision and assets purchases facility, which are the main theme for GBP and more likely it will set the tone for GBP/USD. The new BOE governor Mark Carney is known as having an hawkish tone and there are growing speculation that he'll implement the exit strategy ahead of schedule in light of the stronger recovery. Market expectation have increased and now expecting to raise interest rates a year earlier than expected. For today meeting econo…
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sonjatrader avatar

I think BOE do no change interest rate. Nice article

Daytrader21 avatar

Thank you Sonja, I'm in the same opinion, no changes from BOE but looking carefully at Carney's rhetoric for more hints.

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