AUDNZD Pending Short

5 дек. 2019 г.

****same idea as the Potential EURNZD SHORT but this one is most likely not going to get filled, because we're using OCO so EURNZD SHORT has higher chance to get filled****

we have a turnaround in the risk sentiment today from off to on from Asia session all the way to U.S.

The catalyst is
-better progress in U.S & China Trade Deal
-better poll for UK election for Conservative Party


However, with that being said, the risk on currency such as
AUD is still in red today from
* disappointed Retail Sales m/m
* disappointed Trade Balance
+
* disappointed GDP data from yesterday

basically, the consecutive negative datas have eliminated the previous bullish stance on AUD from the RBA statement and now even the risk on sentiment can’t save it!

AUD is a good currency to sell.

On the other hand, EUR is still on my watchlist to sell.

JPY & CHF although is good to sell atm, but we’re heading into Thursday & weekend is coming, the current risk on sentiment is highly poetical based and with the NFP coming this Friday, the sentiment might turned around all together.

NZD is also having a good day from the RBNZ comment and the current risk on sentiment, in fact, NZD has been one of the strong currencies all together.

BOC rate statement and rate held today - but the stance was much hawkish than dovish, this on top of the fact the oil output is being cut by Russia and perhaps more by OPEC in the near future has caused oil price to go up and hence, helped CAD.

Also, the fact that USD is weak now also helped CAD.

WE will have to wait for the Friday job report for CAD before we can get in, but now our stance is a strong buy for CAD once we can clear out the job report data.

My trade call today was to buy NZD to ride on the current risk on sentiment and central bank RBNZ hawkish stance

but i don’t want to go against JPY & CHF because the sentiment can shift any moment + the weekend is coming.

instead, i’m interested to sell

EUR - because the current risk on sentiment + fundamental weakness
AUD - because the weakness fundamentally and uneffet if the risk sentiment turns off

EURNZD SHORT

OR

AUDNZD SHORT

10 дек. 2019 г.

Заметка

I canceled this pending order as we did not get filled last week, also, because of the jam-packed economic data and UK election this week, it's best to NOT get into NZD trade as the risk sentiment can change anytime!