Morning traders, a b...from Smart Jet

Morning traders, a bit of mixed messages on the 100bps chatter after two other FED officials (Waller and Bullard) threw a bit of cold water on it saying that so far they still support only a 75bps hike, that could change based on today's retail sales, but still, that's a bit dovish, if they don't support a 100bps hardly other officials do, as such we are not highly interested in USD longs any longer at the moment, the Dollar is likely to stay rangebound until today's retail sales number, then depending on that we will decide whether we can look for Dollar longs again or not In the meantime, NZDCAD shorts hit stop loss, a bit of a bummer as the CAD weakness post 100bps hike is a big headscratcher, I see this more as a squeeze than a change in trend but anyway, there's clearly some "dust" that needs to settle that is making the water blurry so to speak, waiting patiently for the right trades to appear, still a lot of patience and discipline required in this environment

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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

📉AUDUSD, the chart speaks for itself here, shorting resistance back into support with the fundamental context in favor of the USD, so going short at market price (0.67620) with target 0.66200 and stop loss 0.68300, 0.5% risk📉

Smart Jet

Morning traders, today what I'm mostly interested in is comments from FED speakers, we can interpret the CPI however we want but what matters is how the FED interprets it in order to decide their next move, so listening for comments on whether for them that's progress or whether they feel they need to do more, there is a speaker today and few others tomorrow so listening very closely Other than that, BoE rate decision today is one to watch too, we have no GBP exposure at the moment so it doesn't particularly interest us but Goldmans has been alerting about a possible hawkish outcome out of this event that could lead to GBP strength across the board, just something to be aware of in case you have any GBP trade running

Smart Jet