FX Market already set up long EURUSD for start of new year?
london red 11:40:50 GMT - 01/02/2020
IF 113-114 seen early jan, then could be high for YEAR.
dec close suggests test higher at some point in jan, but likely to leave a wick. early test suggestive of such. a late test argues for another strong close. but even so, i think it will be a question of waiting for the month with the first monthly wick to confirm high for year.
Mtl JP 11:46:10 GMT - 01/02/2020
GVI Forex 14:01 GMT December 19, 2019
Keep in mind that the pre-Xmas time is usually one of book squaring and this has played out once again. Those looking to position for the new year usually do that between XMAS and New Year.
IF most players are off for the holiday and those that are around are cleaning up the books, how does that morph into positioning for the new year ?
AT Trader john 12:20:50 GMT - 01/02/2020
typically books are all "cleaned up" BEFORE the calendar yearend. Early bird trading for the new year takes place after Christmas and before New Years.
AT Trader john 13:20:26 GMT - 01/02/2020
10s 1.902% -0.8bp
dc CB 13:49:36 GMT - 01/02/2020
2 --- Overnight and a Term
Term 14 Days 27.668Bln (due Jan 16) at 1.55%
Single day. 29bln
swiss frank 14:00:24 GMT - 01/02/2020
Hello. Happy 2020.
Per Johns Q whether mkt is long €. According to Dec 24 CFTC data it looks like leveraged money is still pretty short. Dealer and real money more or less flat. For me € is still a sell but preferably from higher levels (1.13ish) or time proves it has no upside.
CHF maybe a sell on current strength and then you hope SNB agrees.
Other stuff like GBP, AUD, NZD maybe easier sells than buys.
That said maybe it will be a slow start to the year.
Martin Armstrong had some interesting thoughts on the 12 year cycle going into the year of the rat. Beware.
Equities on the year end melt up maybe the most vulnerable from these levels and possibly a touch higher. See how they react if/when Hillary announces she wants to have another go....
Good Luck in the New Year!
Mtl JP 14:23:07 GMT - 01/02/2020
sub 1.12 support at 1.1180-ish
Low sofar 1.1182 (2x)
Mtl JP 14:26:48 GMT - 01/02/2020
another 5 pips down and if no repulsive pop
puppy should tumble to 1.1160/50
AT Trader john 14:45:00 GMT - 01/02/2020
Its been liquidating markets in EURUSD and GBPUSD. Always tough to trade imho.
GVI Forex15:16:35 GMT - 01/02/2020
I posted this earlier on the AT Fprum
Thursday Amazing Trader 2 January 2020
GVI Forex 12:49 GMT 01/02/2020 - My Profile
As a rule I used to not trade in the first week of the year where whipsaws and false starts are more common than not until the market restores full liquidity.
However AT makes it easier to trade during this time but still suggest taking it one day at a time.
CB if u feel friski or in the mood for a contra-greta trade:
Alliance Resource Partners, L.P.
11.45 USD +0.63 (5.82%) today
n/b: own due diligence a must
Mtl JP 18:30:17 GMT - 01/02/2020
the Burn piece By Julianne Geiger is dated Jan 01, 2020
in it she claims that "Oil production in the United States has increased by 1 million barrels per day from the beginning of the year" Really ?
Mtl JP 18:51:10 GMT - 01/02/2020
On the other hand ... Donald J. Trump
Follow Follow @realDonaldTrump
....Iran will be held fully responsible for lives lost, or damage incurred, at any of our facilities. They will pay a very BIG PRICE! This is not a Warning, it is a Threat. Happy New Year!
1:19 PM - 31 Dec 2019
threat.. warning ... Powell should be wetting his panties about pronto-reaching / exceeding his gang's 2% + price inflation IF President Trump delivers on responsibilizing for protecting "our facilities" as it appears that getting out of m/e and coming home does not occur to the self-declared genius. (haha - confucius say: avoid big wars far away)
c'mon donald ... help crude to 200+ bux !
see who "will pay" and
who ll get paid
Mon 27 May 2019 AAGB/US- Holiday Tue 28 May 2019 A 14:00 US- Consumer Confidence C 13:00 US- Case-Shiller Wed 29 May 2019 A 08:55 DE- Employment AA 18:00 US- BOC Decision A 18:30 US- EIA Crude Thu 30 Mar 2019 AAEZ/CH- Holiday A 12:30 US- Weekly Jobless Fri 31 Mar 2019 AA 10:00 EZ- Flash HICP A 12:30 US- Personal Income, Spending, Deflator AA 14:00 US- Final Univ of Michigan
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