The title is my thoughts. I also have my fear and greed. But most important, when I need to go, I GO. You jump I jump. But I check somemore first. LOL. Alright, we had a nasty trade in #cadjpy that resulted in a 10
This week we have USD -FOMC, NZD – RBNZ, JPY-BOJ.
These are rate related news however there’s not much market movement during the announcement. Well, nothing shocking.
HSI and SiMSCI both look attractive as potential shorts but bear in mind previous supports that have to be overcome. Bulls see low-risk buy points.
Following CPI driven AUD losses today (biggest loser among majors), we look at charts of AUDJPY, AUDUSD, and GBPAUD for trend, price action.
Looking at NZDJPY and NZDUSD weekly charts showing prominent setups. This is my preparation for RBNZ official cash rate in 2 days, expectation of rate cut.
Shanghai Composite approaches 3500-3600 potential resistance based on historical price action. Bearish market sentiment could lead to more selling here.