PrimeTrading

PrimeTrading Updated 

You're never gonna keep me down, I get NOKed down, but I get up again, You're never gonna keep me down! Now that you all hopefully have the song stuck as much into your head as I have ;) we can go straight to the facts: It is true that over the past two years, the Norwegian krone has all too often been one of the big losers in the FX market. Not only has it...

PrimeTrading Updated 

I am splitting the trade into 2 entries: One right here at the current market price and a sell limit order at the high of 2.09000. The balance of power between the former colony and its rulers will shift soon: GBP view: - UK inflation came in lower than expected today. This was also likely because. 1. many leading economic indicators were already hinting at...

PrimeTrading

CHF Perspective: Negative: - As announced in February, Swiss inflation will fall below 2% target of the SNB from the second half of the year on (i.e. today) - The SNB raised interest rates again in June and thus probably ended its rate hike cycle (-> a further rate hike of 0.25% in September cannot be ruled out entirely, but it would not be necessary). - The...

PrimeTrading Updated 

watch the upwards move of the CHADCHF pair. why I like this trade: CAD perspective: - CAD employment report with a BLOWOUT number (again!) with +150k jobs created (most of them fulltime)! - BOC on hold but another job report like this and they will feel pressure for more rate hikes - inflation falling in canada but core remains sticky (so far) - migration is...

PrimeTrading

First things first: all hail the vikings! Why I like this trade: - NOK with the MUCH better fundamentals - NOK clearly undervalued on a longterm timeframe - Norges Bank quite dovish in their last meeting but could get hawkish again in march as -> inflation has massively surprised to the upside - inflation expectations on thursday will be key for NB - NB could...

PrimeTrading

First things first: all hail valhalla! Why I like this trade: - NOK with the MUCH better fundamentals - NOK clearly undervalued on a longterm timeframe - Norges Bank quite dovish in their last meeting but could get hawkish again in march as -> inflation has massively surprised to the upside - inflation expectations on thursday will be key for NB - NB could reduce...

PrimeTrading

Since the FED last week went from an ultra hawkish stance to a more data dependant one it is clear that US data will now become even more important and volatile for USD pairs and also for the whole market. And thats great news! It means we can now extract pips from the market every time there are important US news like for example the ISM manufacturing data...

PrimeTrading Updated 

The SNB delievered a real game changer in the last week and hiked its rate by 0,50%. The whole market got catched on the wrong foot and the EURCHF dropped immediatly by more than 200 Pips. So whats next for the franc? The SNB explained that they could intervene now from both sides. So they could either slow a appreciating CHF (as they did many times) or they...

PrimeTrading

A detailed GBP analysis: Negative factors: ➡️Last week's PMIs were disastrous. GDP often follows the PMIs, which paints a very bleak picture for the future of the UK economy. ➡️Inflation is at a dizzying 9%. ➡️The consumer is suffering the consequences of inflation and sentiment is thus in the basement. ➡️Sometimes retail sales also follow consumer sentiment...

PrimeTrading

CADCHF Long with a Buy Limit Order. Lets see how this one gonna play out.

PrimeTrading Updated 

Long NZDCHF. NoBrainer. 900 Pips upwards. Watch the magic.

PrimeTrading Updated 

Short EURNZD. 7R Trade possible. RBNZ gonna outhawk the ECB. Inflation in Eurozone has peaked, from now on downwards.

PrimeTrading Updated 

OANDA:NZDJPY Long NZDJPY. NoBrainer. Watch the magic.

PrimeTrading Updated 

Long AUDJPY. Time for a squezze. RBA will turn hawkish. Employment, Inflation, Wages are all shooting higher. RBA will need to make a full turn in their forward guidance.