Rationale for EUR bearish : 1. Germany coalition talk over the weekend. Failure to agree could lead to new elections. Wolfgang Kubicki, a member of parliament and deputy leader of the liberal Free Democrats (FDP) said the deadline for decision is on Sunday 6pm (before asian open kah tu?).. and he said kalua nada progress.. “talk will be dead” (no signs of...
Rationale : 1. AUD - RBA cuts its inflation projection, slow growth concerns, on hold from changing interest rates but refuse to play the hawkish game. Dovish RBA, bearish AUD 2. GBP - Strong data on trade and industrial output helped Sterling to be supported on Friday. Political risks (Brexit) eased last week which also helps. USD bearishness (tax reform...
Rationale : 1. NZD political jitters, RBNZ changes tone to more loose monetary policy . Weak NZD 2. GBP - Strong data on trade and industrial output helped Sterling to be supported on Friday. Political risks (Brexit) eased last week which also helps. USD bearishness (tax reform uncertaintly) also helps.. yes ive typed helps three times already. i need help. GBP Bullish
Rationale : 1. GBP - Strong data on trade and industrial output helped Sterling to be supported on Friday. Political risks (Brexit) eased last week which also helps. USD bearishness (tax reform uncertaintly) also helps.. yes ive typed helps three times already. i need help. GBP Bullish 2. Dollar was pressured last week due Tax Reform Delay uncertainty, with lack...
Refer to GBPUSD and AUDCAD for rationale why I am bearish the Dollar and Bullish the CAD
Rationale : 1. AUD - RBA cuts its inflation projection, slow growth concerns, on hold from changing interest rates but refuse to play the hawkish game. Dovish RBA, bearish AUD 2. CAD supported by the Oil -0.23% market (price has been up). As long as the fundamental picture of the oil -0.23% market remains, CAD should stay supported. **Monday is Canadian Bank...
Short NZDCAD. Rationale : 1. NZD political jitters, RBNZ changes tone to more loose monetary policy. Weak NZD 2. CAD supported by the Oil market (price has been up). As long as the fundamental picture of the oil market remains, CAD should stay supported. **Monday is Canadian Bank Holiday. Hoping this plan still valid on Tuesday
Fundamental Outlook : USD Bullish = December Interest Rate Hike, US 10Y Bonds Yield is up more than 2.3%, Fiscal Stimulus (buy the rumour sell the fact) JPY Bearish = QQE, Inflation still low, negative Trade Balance