Time to come out of the closet; who cares what others think, we live in the 21st century after all – if you’re a buyer of yen, let us know !
I haven’t really changed my views since friday…just remember these are my ideas and I do have a bigger picture view…
Here’s a couple from me; I have had a decent run recently most of which I have posted here in the last two weeks.
However, do bear in mind I trade a longer view, and I will add a little ‘meat’ to the ideas during the session:
- long EURGBP, I a long at a good level and looking for a serious move higher towards 0.8800+ hence buy decent dips
- long EURCHF , again buy good dips; SNB’s Jordan speaks in a while and he won’t be talking it down! I am looking for a regain of 1.2500 and above; this is the patience trade but worth it
- long USDCHF, again buying dips, the USD is re-emerging and the swissy will be a key leader in my opinion
- long USDJPY – I think after the ‘worrying dip’ last week 92.50-93 is the base
- AUDUSD seems to be in a 1.0150 – 1.0330 band and I would be tempted to trade the parameters with stops either side
One of my core beliefs is that sterling has more downside than the euro; it will be a surprise if european interest are cut and that may swing the balance of my thoughts short term; The UK we have to expect to continue with QE.
ADDENDUM: I am neutral to cautiously bullish EURUSD (see earlier EURJPY post); and bullish and a buyer of dips on the latter pair (same post); and as I know I will be asked soon (!) I am of the same opinion as last week on GBPNZD – long , target 1.8500, stop now 100 pips higher at 1.8037.
