CIBC Hong Kong flows...from Smart Jet

28 Jun 2022, 15:42 · Views 153

CIBC Hong Kong flows

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Smart Jet

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We are a group of professional traders with many years of experience in all areas of the capital market, and we traded with financial institutions

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Powell still speaking but so far not much forward guidance is being given, simply the FED is open to hiking further but also open to a pause depending on how the data develops until the next rate decision, so without much said from Powell the Dollar is rightfully basically flat after a bit of volatility on both sides, not a lot to do with it, will see where markets are at tomorrow at the London open but for now, no short term bias and no short term fundamental direction from this flat FOMC

Smart Jet

Morning traders, beautiful pullback on the Dollar to start the week, we let this unfold and extend as much as it wants then we will use it to position on Dollar longs at the right levels, I'm watching AUDUSD in particular, if we can short it once again from the 0.67600 resistance zone that would be great Other than that, loads of FED speakers are scheduled this week so we listen closely for hints at what they think their next move with the interest rate is, we want to hear hawkishness from them to further support Dollar strength, simply, the more another rate hike gets supported by FED speakers the more it gets priced in and thus the more the USD strengthens Will be back with the latest from Goldmans in a minute to see if they are taking any new trade

Smart Jet

📉EURGBP, cherry picking the entry here which feels a bit pretentious since it’s also near Goldmans stop loss but I think we can get it, I mean, technically price is sitting right at support so a bit of a pullback and squeeze of the late shorts is possible, setting a pending order to short at 0.87800 with target 0.86000 and stop loss 0.88500, 0.5% risk📉

Smart Jet

Latest from Goldmans, they are going short EURGBP, mostly as a GBP bullish trade but with a hint of EUR bearishness as well I like the trade, inflation has been stubbornly high in the UK so there is also room for a hawkish BoE rate decision this week, I will be doing some further reading about the whole context since I haven't been diving deep much into the UK data lately except the inflation numbers but we will likely get into the trade today

Smart Jet

Morning traders, no clean sentiment to trade from the FOMC yesterday, while instead the pressure on US banks is resurfacing again and that's likely going to dent sentiment across the board, in that context the likes of JPY and CHF longs are quite attractive again, also USD longs but only against high beta currencies are also a decent option where we are already positioned with the AUDUSD shorts So yes, we like classic safe haven currencies in this environment and looking across the board for setups to possibly position long the JPY or CHF Other than that, the ECB rate decision is another one that we watch carefully, hawkishness from the ECB will likely just put more pressure on risk assets while if they pivot we have some EURUSD shorts to take

Smart Jet