After three days we decided to close our position on the EURUSD as our trade did not play out. In the end we were almost flat so we did not lose money. However we keep our bullish view on the USD and we decided to change the pair and to Read more…
After having come very close to the 100 peak, this week the USD lost some ground to the JPY trading close to the 98 level. We believe that the next target is obviously the breaking out of the 100 line. On the one hand we have updates from BOJ governor Read more…
Trade idea: Short Nikkei Long NZDJPY The volatility of the recent week, ahead of the Italian election, has pushed up the safety havens assets as investors turned more risk averse, in particular the JPY appreciated significantly. However, we noticed that the Nikkei 225 Index does not weaken consequently so the Read more…
Trade Idea: Short AUD/JPY It is well known that the BoJ is pursuing a really aggressive expansionary monetary policy that clearly is pushing down the Yen compared to other currencies. However, we see a possible reverse in the short term trend of the pair AUD/JPY. From a technical point Read more…
There is a strong trend in place and we believe that it may continue in future. On the macroeconomic point the BoE is committed to a strong expansionary monetary policy and the new president claiming that inflation target may notbe the only goal of the bank with more focus on Read more…
Trade Idea: play the positive momentum of the EUR/USD pair The EUR/USD exchange rate recently dropped down from a high of 1.364, reached on the 1st of February, to 1.3349. We believe that there is the space for a short term rebound of the pair up to 1.345-1.35 and maybe Read more…