Morning traders, wit...from Smart Jet

Morning traders, with a data dependant FED the data from the US becomes even more important as it will decide the next move at the next rate decision and shape the sentiment heading into it, the first important number for that is the NFP today which we monitor carefully With that TDS is expecting a number below consensus and Goldmans is expecting a number above consensus so mixed reading, but the plan for me is still in favor of USD longs so if we see a strong NFP later we might jump into some Dollar longs right before the weekly close

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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, haven't pulled the trigger on GBPUSD shorts yet nor any other Dollar long, probably I'm being a bit too prudent but I feel the timing and market structure is not as good as it should for USD longs yet, arguably the market is also lacking catalysts to get a clear direction, GDP today is unlikely to be much of a market mover but PCE tomorrow without a doubt, I keep monitoring for an entry, also keeping in mind it's month end so we could see some random month end flows over the next two days, in other words, keeping it cautious, we have a fundamentally packed week next week with the FOMC and ECB rate decisions so no need to rush into trades right now Other than that, still standing ready to take profit on the BTC longs, if I see price above 30k I will be VERY tempted to do so, will send out a full email note with more details on why we are taking profit when we do so

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