Re: IMC- eneroEUR/GBP has rallied away from range due to the fact that BOE minutes had two members vote for an increase in QE, which typically weakens a currency. Results of this has GBP/USD down 2 figures and we will look to take long position around the 1.5500 handle, as long as the entry is backed by exhaustive conditions.
We are long EUR/CHF & USD/CHF for today. GBP/JPY long is a thought in progress, but we need to have GBP/USd make a price flip in at least the 30min time frame.
Re: IMC- enerotoday, we are accumulating usdchf longs from .9080 down to .9045. basically, we see red for european bourses, again, and feel that CHF strength will be abated by the fact that eur/chf and usd/chf are trading in tandem. Will add to eur/chf at 1.2040 if touched.
eur/gbp short at .8473 is minus a couple of pips, but .8500 should hold, as we look to test .8400 support. We are still staying away from EUR/USD, which for the time being I have trouble capturing why our carry position doesn't take hold. As one might have obsevered, yesterday's strong moves didn't affect eur/usd, which translated into EUR/AUD strength. Still, it is my belief that 1.2460's is the optimal entry point to "carry" and once the 1.2400 support can break you will have a subsequent target of mid 1.22 over the following days, especially with risk aversion at play. Saludos y suerte!
Re: IMC- eneroIMC2012, podrías explicarnos por qué posteas estos párrafos en inglés? Cuál es la fuente original?
Saludos, FXWizard
Re: IMC- enerola razon por la que escribo en ingles es debido a que el castellano es mi habla secundaria y tome este medio para mantener un diario. viendo, que el unico que aporta aqui soy yo, peara que pasar trabajo.
Ahora, si tu o alguien tiene una pregunta yo encantado te la resuelvo en tu idioma.
Re: IMC- eneroWith USD/CHF having touched .9015 we complete our longUSD/CHf position, which will be geared to handle the next bout of risk aversion. As we all know, the "risk on" theme is not going to last for very long and in order to push USD/CHF any further it would make sense that CHF strength be translated into EUR/CHF. If we do get a next impulse of franc appreciation we have decent size buy orders for EUR/CHF at 1.2040 and 1.2028. target for eur/chf remains at 1.2450, if we actually challenge the SNB floor.
Also, we have just taken a position in EUR/GBP @ .8495 and EUR/AUD 1.2495. Staying out of EUR/USD and EUR/JPY.
Re: IMC- eneroAlthough, I personally do not agree with the buying of euros at this junture, we have established the "large position" for SNB participation. We are underwater on long usdchf, but it has brought our favored pair down with it and forced this latest entry. It goes without saying that the SNB credibility is on the line, as well as the unwelcome consequences which they are trying to divert as a flight to safety.
Short covering and oil prices attribute to euro appreciation, so our focus for the week to come will be the turning point to go short, preferably after SNB actions, not before.
Re: IMC- eneroOur carry trade ( non-jpy) is doing quite well and long usdchf is taking hold. the main concern is that eurchf is trading in tandem with eurusd,not usdchf. This tells me that there will be a nice spike in eurchf later during the ady as usdchf tries to retake the .9100 handle.
Re: IMC- eneroUSD/CHF has made crossing the .90000 handle a complicated task, thus impeding any type of nrotehr traction for eur/chf.
carry trade was a different story as it actually over performed our price objective. S&P downgrades EFSF and also Greece to default status, however this has not transalated to any meaningful movement for risk currencies. We do expect for EUR/JPY to start to feel heavy, though would prefer that AUDUSD lead the down trend, so as to give us another entry position to tray a "carry" , again.
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