USDJPY Direction Change
Price Action Overview Early today, we were expecting a push up on the USDJPY pair. but we got a USDJPY Direction Change instead. We based our assumptions on the three small bodies from previous days and, especially, the Doji-like hammer pictured yesterday. We were willing to buy this market above 113.70, but it didn’t offer…
Pound Madness and Opportunities in USDJPY
In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, our main topic of focus is pound madness and opportunities in USDJPY. Volatility is currently what characterises the British pound. Volatility which we feel is very much likely to continue. As we have witnessed, there…
Brexit agreement reached, now what?
Brexit agreement reached, now what? The 585-page – 185-article draft is the end result of one year and a half of negotiations, but many stakeholders are critical with it and it would be a hard fight for Theresa May to get it approved. The main chapters of the document are: Part I. Initial provisions Acknowledgement of…
Agreement on Brexit and US Indices
In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we monitor the agreement on Brexit and US Indices. GBP Yesterday’s agreed on UK cabinet draft Brexit agreement has dragged up some additional questions. As a result, we are sure the next few days could…
All Eyes on Brexit Plan and Oil Again
In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we analyse the markets with all eyes on Brexit plan and Oil again. In particular, we focus a little more on the fundamentals behind the British pound, with Theresa May taking her Brexit plan to…