GVI Trader john 11:11 GMT May 23, 2018
Wednesday Trading Checklist 23 May 2018

...

kl shawn 11:01 GMT May 23, 2018
ECB

closed 50% euro short 11708 from 11740
free trade from here

GVI Trader Jay Meisler 10:47 GMT May 23, 2018
Amazing Trader Update



USDJPY 109.72

They say one picture says a thousand words so look at this Amazing Trader chart, which is a classic AT (sell the blip) pattern to the downside.

Chart shows 109.90-97 as the initial resistance band.

Note the red lines, which indicate a potential bottom that would need to take out 109.90-97 to confirm.

Not show on this chart are key supports at 109.40 and 109.14 (most important).

The Amazing Trader

GVI Trader Jay Meisler 09:58 GMT May 23, 2018
Amazing Trader Update
Reply   
In all my years of trading and seeing countless Italian governments, this is the first time I remember that Italian politics has been a big factor. In any case, it is risk off, stocks down bond yields down, jpy and chf up, other currencies down vs USD, Amazing Trader has worked really well (as usual) today.

Currently, looking at 15 minute Amazing Trader charts, key EURUSD res is at 1.1756, currently protected by 1,1748 and GBPUSD 1.3393, protected by 1.3389, 1.3377 and 1.3372.

Lows of the day (1.1697 and 1,3345) are the key supports.

The Amazing Trader

kl shawn 09:44 GMT May 23, 2018
BREAKING NEWS

cable below 13370 will take us to 13150-70 by week's close

london red 09:35 GMT May 23, 2018
BREAKING NEWS

coeure on the wires, confident on inflation. hes right of course with higher crude and lower euro its a double tail wind for inflation but will take a period of time to feed thru. nice wick on hourly cangle with high made off former channel. looking good for 117 retest while wick unbeaten.

bali sja 09:25 GMT May 23, 2018
BREAKING NEWS

thanks red, just closed some positions for reload later

london red 09:13 GMT May 23, 2018
BREAKING NEWS

set up could be fade 10dma/tenkan or any intrday rallies abv with stop over 200dma tgt wkly channel under 133.

london red 09:12 GMT May 23, 2018
BREAKING NEWS

going to hard a hard time getting abv 200dma bali, which is by 13565. u will prob get some brexit related headlines over next few days they could spur a rally which can be faded.

kl shawn 09:09 GMT May 23, 2018
ECB

sold euro 11740

PAR 08:54 GMT May 23, 2018
ECB
Reply   
ECB already owns a disproportionate amount of Italian bonds but keeps on buying more and more as if there is no tomorrow.

Where will this all end .Crazy Mario can't keep expanding the ECB balance sheet forever . ECB already the biggest hedge fund in the world ..

GVI Trader john 08:54 GMT May 23, 2018
Wednesday Trading Checklist 23 May 2018

For AT Trading

bali sja 08:49 GMT May 23, 2018
BREAKING NEWS

any such levels for cable for consideration?

london red 08:44 GMT May 23, 2018
BREAKING NEWS

euro fade 40-50 stop over 118 should work if trend to continue. if euro cannot fall on italy and poor data, then not going to fall is the argument for your stop abv key old fib at 11790.

london red 08:42 GMT May 23, 2018
BREAKING NEWS

there are always idiots on the wrong end of the brexit spectrum, so you need to watch for that if short. better to fade rallies than chase lows.

GVI Forex Blog 08:42 GMT May 23, 2018
BREAKING NEWS: U.K. CPI Softer Than Expected In April 2018
Reply   

BREAKING NEWS: U.K. CPI Softer Than Expected In April 2018

bali sja 08:36 GMT May 23, 2018
BREAKING NEWS

red, no more reason for cable to rally for the rest of this month then?

GVI Trader john 08:34 GMT May 23, 2018
BREAKING NEWS

UK inflation misses.

london red 08:33 GMT May 23, 2018
BREAKING NEWS

ppi prices saving sterling a bit, clearly crude driven. poss nxt month inflation moves higher.

GVI Trader john 08:32 GMT May 23, 2018
BREAKING NEWS

U.K. CPI April 2018

-- NEWS ALERT --
CPI m/m: +0.40% vs. +0.50% exp. vs. +0.10% prev.
CPI y/y: +2.40% vs. +2.50% exp. vs. +2.50% prev.

bali sja 08:32 GMT May 23, 2018
sell euro, buy usd

they kill cable first then euro?

GVI Forex Blog 08:29 GMT May 23, 2018
Equities Lower. 10-yr Yields Down. FX: USD & EUR Mixed
Reply   

Equities Lower. 10-yr Yields Down. FX: USD & EUR Mixed

london red 08:28 GMT May 23, 2018
sell euro, buy usd

also hearing some big stops on the 10 if we go under 3%. mkt is massively short so quite poss. still unless we see 2.90 i think there are still legs for 3.26

london red 08:18 GMT May 23, 2018
sell euro, buy usd

safety bid is evident look at eurchf tanked frm 1.20 to 116. last time was below 200dma was a year ago and at 1.07.

london red 08:15 GMT May 23, 2018
sell euro, buy usd

usdjpy is down on lower us yields. the 10 is close to 3%. if holds they may massage usdjpy higher but if stocks crumble then this one is going to correct to 108.50. usd rally is fine until maliase spreads to US stocks.

GVI Forex Blog 08:10 GMT May 23, 2018
BREAKING NEWS: E.Z. Flash PMIs Miss, Except France In May 2018
Reply