Powell All eyes on h...from Smart Jet

Powell All eyes on his sentiment. The geopolitical headlines have diverted the attention away from the FED, but we need to remember that we have an important FOMC coming up in March (March 16) and Powell speaks this week on Wednesday Here's how the FED looks like right now: Picture Attached At the moment they are clearly divided... there are a few hawks calling for a 0.500 hike and a few doves saying "no need for that" Powell's job here is to bring some clarity and some forward guidance for March rate decision, on that we will be able to base the USD bias heading into the event Crypto We Are Neutral... Stil macro neutral to mildly bearish crypto... we wait for a more favorable macro environment and much better prices to load positions going forward, thus we wait patiently The next bull run will come but it will come once the macro environment allows it, in other words, once the FED allows it We keep monitor the macro conditions and wait for the next opportunities in the field, the wait is always worth in crypto

Edited 28 Feb 2022, 02:51

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Morning traders, with the CPI everywhere I look I see notes about the likelihood of a strong print, Goldmans is also expecting a number a tiny bit above expectations so we are geared in that direction but obviously when the consensus is geared one way the risk is that the number doesn't meet the already high expectations triggering an unwind of positions So, even if the likelihood is USD strength we don't want to get into the event too long the Dollar, meaning that we will likely adjust the recently added AUDUSD short before the CPI later, then once we see the numbers and the price action around it we can start looking at some medium term direction across the board

Smart Jet

Morning traders, it's a bank holiday today in Europe so it's a quiet start to the week but currently as I'm watching the charts I feel it might be the right technical moment to jump into EURUSD shorts over the next couple of sessions, yes, Friday looks a lot like classic month end flows and those usually always fade as the new month starts, so we might enter the trade over the next couple of sessions Other than that, we have pending order to short AUDUSD from 0.68000 target at 0.62000 stop at 0.68400, will be back with the latest from Goldmans in a minute

Smart Jet

Morning traders, I have removed the EURGBP pending order already which looks too far to get filled now, I will keep an eye on it for an entry probably nearer 0.87400 now, will see Other than that, not a lot going on, EURUSD is still in the chop where we want to sell resistance rather than support, while something that catches my attention this morning is AUDUSD, I think that's near the tipping point of this rally so we might add to AUDUSD shorts soon, obviously keeping in mind that we have a big CPI number scheduled for tomorrow so we don't want to head with too much USD exposure into that, just in case Also crypto, remember to turn and stay defensive on BTC, looks like it's about to flush lower at any moment, which is good, we want price a lot lower to start thinking about loading up again

Smart Jet