My FX Journal - 80% Fundamental 20% Technical

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Old Oct 26, 2017, 12:06pm   #46
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Fresh data that just came out in the last couple of hours which generated some negative sentiments on the following currencies :

GBP
ONS survey released shows a 0.4% decline in full time workers inflation adjusted weekly earnings. This probably caused the 80 pips price drop on the GBPUSD.
AUD
RBA Ass. Governor Debelle' speech that CPI probably overstated by 0.25 ppt due to index re-weightings. This caused a 30 pips drop on the AUDUSD but prices had since recovered.
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Old Oct 26, 2017, 12:13pm   #47
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Originally Posted by Brumby View Post
Fresh data that just came out in the last couple of hours which generated some negative sentiments on the following currencies :

GBP
ONS survey released shows a 0.4% decline in full time workers inflation adjusted weekly earnings. This probably caused the 80 pips price drop on the GBPUSD.
AUD
RBA Ass. Governor Debelle' speech that CPI probably overstated by 0.25 ppt due to index re-weightings. This caused a 30 pips drop on the AUDUSD but prices had since recovered.
I think the BOE rate hike is warranted to assist the negative effects of the currency devaluation. Other RBA data : Debelle said they are alert to the risk of wages remaining subdued even though slack is reduced.
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Old Oct 26, 2017, 12:21pm   #48
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FXX started this thread GBPCAD retraced to a nice level to retest the highs again. Not too phased by the ONS survey
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Old Oct 26, 2017, 2:05pm   #49
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ECB statement is dovish because APP program is open ended.
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Old Oct 26, 2017, 2:19pm   #50
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FXX started this thread The peculiar thing is they have always had the open ended clause in their statements. Since announcing tapering it was always "as long as necessary" and "beyond the horizon" so it is much of the same here and i think we might get a dovish stance from Dragi to try and moderate the currency strength risk. I think I will take a cautious stance and look to take a short on a retrace if that happens. I want to see how price reacts to current levels.
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Old Oct 26, 2017, 2:22pm   #51
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FXX started this thread See the Fed fxlive story- down to 2 candidates
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Old Oct 26, 2017, 2:23pm   #52
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FXX started this thread might set a breakout order on usdcad - retrace looking less likely
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Old Oct 26, 2017, 2:27pm   #53
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FXX started this thread positive UK news - Boris Johnson has unilaterally declared to EU citizens living in the UK that “your rights will be protected whatever happens” after Brexit.
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Old Oct 26, 2017, 3:15pm   #54
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FXX started this thread interesting twist - Draghi "Decision wasn't unanimous"

That's hawkish leaving EURO in no-mans land
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Old Oct 26, 2017, 3:37pm   #55
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FXX started this thread Tone turning more dovish for euro now following further ECB comments. This could be a good partial unwind of the build up to this event making it a multi session opportunity. Looking to target 1.5500 zone
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Old Oct 26, 2017, 4:25pm   #56
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FXX started this thread order to sell EURUSD @ 1.7456
@Edit : changed to 1.7379

Last edited by FXX; Oct 26, 2017 at 4:39pm.
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Old Oct 26, 2017, 4:29pm   #57
 
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order to sell EURUSD @ 1.7456

i just bought a small position @ 1720
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Old Oct 26, 2017, 4:40pm   #58
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i just bought a small position @ 1720
tough call buying in this sentiment
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Old Oct 26, 2017, 5:04pm   #59
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FXX started this thread bought a dip in USDZAR for another test of the high @14.13000
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Old Oct 26, 2017, 5:14pm   #60
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bought a dip in USDZAR for another test of the high @14.13000
Closed for 30 pips
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