There were no major news over the weekend and today was another usual Monday with light economic datas in both sessions.
As mentioned, the last 2 weeks of this year and things will be a bit tricky because many traders are already taking vacations, and that will not only create a thin liquidity but also a lot of profit taking to weaken the strong currencies.
I personally will not trade any daily trades for these 2 weeks, and will mainly take intraday trades with small positions of 0.2% per trades.
London session began with German Ifo business climate which came out as positive to support the very bearish EUR, no major datas in NY and later on in Asia session we’ll have monetary policy meeting minutes from AUD and policy rate from BOJ.
The 2 risk events are expected to be non event as BOJ is expected to hold rate and RBA is expected to have positive tones for AUD.
If we have surprises, then of course the strength in AUD and weakness in JPY will change.
Sentimentally, the WTI climbed up again today and equity markets were mix for today.
Right now the strength is of course still in USD, NZD & AUD if there is no major surprises, and the weakness is still in EUR, CHF & JPY.
GBP is neutral as we’re approaching 2017 with more headlines with Brexit.
CAD is positive versus weaker currencies as oil market is still well supported.
The real risk in trading these 2 weeks are again the thin liquidity and profit taking.
We will still looking to take positions in the followings but with small positions.
LONG
USD/JPY
USD/CHF
AUD/JPY
AUD/CHF
NZD/JPY
NZD/CHF
CAD/JPY
CAD/CHF
SHORT
EUR/USD
EUR/AUD
EUR/NZD
EUR/CAD
There were no major news over the weekend and today was another usual Monday with light economic datas in both sessions.
As mentioned, the last 2 weeks of this year and things will be a bit tricky because many traders are already taking vacations, and that will not only create a thin liquidity but also a lot of profit taking to weaken the strong currencies.
I personally will not trade any daily trades for these 2 weeks, and will mainly take intraday trades with small positions of 0.2% per trades.
London session began with German Ifo business climate which came out as positive to support the very bearish EUR, no major datas in NY and later on in Asia session we’ll have monetary policy meeting minutes from AUD and policy rate from BOJ.
The 2 risk events are expected to be non event as BOJ is expected to hold rate and RBA is expected to have positive tones for AUD.
If we have surprises, then of course the strength in AUD and weakness in JPY will change.
Sentimentally, the WTI climbed up again today and equity markets were mix for today.
Right now the strength is of course still in USD, NZD & AUD if there is no major surprises, and the weakness is still in EUR, CHF & JPY.
GBP is neutral as we’re approaching 2017 with more headlines with Brexit.
CAD is positive versus weaker currencies as oil market is still well supported.
The real risk in trading these 2 weeks are again the thin liquidity and profit taking.
We will still looking to take positions in the followings but with small positions.
LONG
USD/JPY
USD/CHF
AUD/JPY
AUD/CHF
NZD/JPY
NZD/CHF
CAD/JPY
CAD/CHF
SHORT
EUR/USD
EUR/AUD
EUR/NZD
EUR/CAD