BlogHide Resteemsdanewilliams (35)in forex • 6 years agoAUD/USD Once Again Touches Intraday Resistance During AsiaI just wanted to highlight this piece of price action on the AUD/USD hourly chart: Sure, I don't want to be shorting the Aussie yet , but price is still respecting that intraday resistance…danewilliams (35)in forex • 6 years agoEUR/USD Breaks Out and Continues to Monthly HighsOn the Euro side: ECB has left inflation forecasts unchanged and lowered 2018/19 GDP estimates Draghi noted that uncertainty surrounding underlying inflation appears mitigated Euro now…danewilliams (35)in forex • 6 years agoStill Reluctant to Make a Call on AUD/USDI've been reluctant to short the Aussie this week and although some pips could definitely have been made on a break through the confluence of weekly support, price has now pinged back above the…danewilliams (35)in forex • 6 years agoEUR/USD Returns to Swing HighsOne aspect of trading, is putting your money on the line and then sitting back and letting things unfold. Well, it's now been a day or so since I blogged, but remember earlier in the week when we…danewilliams (35)in forex • 6 years agoPlaying for a EUR/USD BreakoutIn yesterday's market musings, I spoke about the possibility of USD weakness for the week. Let's just go over a quick EUR/USD setup that's in the middle of unfolding right now. So remembering…danewilliams (35)in forex • 6 years agoMonday London Session USD MusingsThe US Dollar traded initially higher during Asia, as markets remained risk averse thanks to a potential escalation in the China/US trade war. A theme that also led to treasury yields edging…danewilliams (35)in forex • 6 years agoNot a bad Looking NZD/USD ChartWhile the Aussie might look weak, I'm not actually itching to short AUD/USD simply because it's come off so far so fast and dropped into a higher time frame support zone. Well taking a look at…danewilliams (35)in forex • 6 years agoWhy I'm not Itching to Short AUD/USDI headed into the week by talking about taking some profit on AUD/USD shorts . From here however, we've just continued to head lower. Price has continued to retest previous short term support…danewilliams (35)in forex • 6 years agoRBA Keeps Cash Rate Unchanged At 1.5% as ExpectedHeadline points from the RBA: Low Rates Supporting Economy Progress On Unemployment, Inflation Expected To Be Gradual A$ Has Fallen Against US Dollar, Along With Most Other…danewilliams (35)in forex • 6 years agoBitcoin Shorts Rise Rapidly, but BTC/USD Price Holds SteadyGo to TradingView and search for the Bitcoin shorts chart. You can see that yesterday, new shorts went parabolic, but at the same time the price of Bitcoin continued to just tick up. What does…danewilliams (35)in forex • 6 years agoFocus Shifts to USD/CADMy focus has shifted to USD/CAD this week, as almost everything depends on their inclusion in any NAFTA deal. As we've discussed on the blog already, the level of uncertainty is very high and…danewilliams (35)in forex • 6 years agoEUR/USD Zone of InterestJust some quick Euro analysis to end the Sunday. Previous trend line resistance turned possible support. Zone of interest that I'll be watching for a reaction inside. Keep in mind…danewilliams (35)in forex • 6 years agoUncertainty Around Canada's NAFTA ParticipationWith NAFTA negotiations ongoing, the uncertainty around Canada's participation was ultimately CAD negative and USD/CAD kicked as a result. Canadian Foreign Minister, Chrystia Freeland: "We're…danewilliams (35)in forex • 6 years agoAUD/USD at Monthly Trend Line SupportAs price plunges into monthly trend line support, I've taken some profit off the table on Aussie shorts . Take your pick from where you want to draw your lines: But just remember that…danewilliams (35)in forex • 6 years agoTaking Some Profit off the Table on Aussie ShortsPlaying the Aussie from the short side has certainly been the go this week and with price returning back to the Aussie PM leadership rubbish lows and some positive Chinese data, I'm happy to be…danewilliams (35)in forex • 6 years agoDon't cry for me ArgentinaEmerging markets were the theme of the day, with Argentina's economic woes coming to the fore again. Argentina’s central bank at an emergency meeting on Thursday voted unanimously to raise its…danewilliams (35)in forex • 6 years agoWeak Capex a Chance to add Into AUD/USD Shorts"AUD capex data for Q2, headline: -2.5% (expected 0.6%)" With AUD/USD continuing to roll over due to weak capex data, markets are giving us the chance to add into any existing shorts:…danewilliams (35)in forex • 6 years agoThursday Asian Session Cable MusingsBrexit huh... While it sure is dragging on, the right headlines are certainly still highly market sensitive as Cable tries to position itself appropriately. Markets are definitely still jittery…danewilliams (35)in forex • 6 years agoWestpac Hikes Rates Independently of the RBAWestpac has hiked rates independently of the RBA: The Big 4 will now likely follow suit RBA won't have to hike the official cash rate short term as a result Will likely impact spending…danewilliams (35)in forex • 6 years agoAUD/USD Rolling Over During Wednesday's Asian SessionRemember how we spoke about DXY support coming into play and brought up the idea of playing AUD/USD from the short side to take advantage of it? Here's a little refresher extract from the blog…
