24/04/2018
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Yesterday's market focus were mostly on the US 10 Year Bond yields. Edging very close to 3% before retreating some. Consequently, this has given strength to the US dollar. Causing it to appreciate against all G10 currencies.
My attention has been drawn particularly to AUD, and to a lesser extent, NZD. With CPI data coming out in abit, I will seek further clues about the performance of the Aussie economy. If my weak Aussie hypothesis is supported, I may further add on to my short AUDUSD position.
Another area I am watching is the relative economic performance between Australia and New Zealand. My suspicion is that with NZ's economy being quite similar albeit smaller than Aussie's economy, it should probably perform worse given both countries are facing similar economic situation. I have yet to check the economic data to verify this hypothesis. But if true, my next trade idea would probably be long audnzd.
As for my current holdings, the only immediate issue to watch is my short audjpy trade. Specifically headlines coming from Japans side. As I have yet to fully research deep into the current political issue nor have I made any effort to really look into Japan's economy. Basically, my current knowledge of the economy of Japan is mere superficial at best.
Admittedly, my trade narrative was not based on country specific economic factors, but more toward risk sentiment and global macro factors. Speculation at its purest!
I may not have much time to do any trade research this two weeks, although I might trade if opportunities arises from my current watchlist.
PS: Did I mention that GBPUSD broke the 1.4 level? Ohhh yeah short sell based off technicals!
---
Yesterday's market focus were mostly on the US 10 Year Bond yields. Edging very close to 3% before retreating some. Consequently, this has given strength to the US dollar. Causing it to appreciate against all G10 currencies.
My attention has been drawn particularly to AUD, and to a lesser extent, NZD. With CPI data coming out in abit, I will seek further clues about the performance of the Aussie economy. If my weak Aussie hypothesis is supported, I may further add on to my short AUDUSD position.
Another area I am watching is the relative economic performance between Australia and New Zealand. My suspicion is that with NZ's economy being quite similar albeit smaller than Aussie's economy, it should probably perform worse given both countries are facing similar economic situation. I have yet to check the economic data to verify this hypothesis. But if true, my next trade idea would probably be long audnzd.
As for my current holdings, the only immediate issue to watch is my short audjpy trade. Specifically headlines coming from Japans side. As I have yet to fully research deep into the current political issue nor have I made any effort to really look into Japan's economy. Basically, my current knowledge of the economy of Japan is mere superficial at best.
Admittedly, my trade narrative was not based on country specific economic factors, but more toward risk sentiment and global macro factors. Speculation at its purest!
I may not have much time to do any trade research this two weeks, although I might trade if opportunities arises from my current watchlist.
PS: Did I mention that GBPUSD broke the 1.4 level? Ohhh yeah short sell based off technicals!
I look for value wherever it can be found
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