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Filtered by tags:  Risk Aversion
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EURAUD long may be the best trade now

Looking at the risk aversion market, Aussie bearish run doesn't seem to have an end now at least till this week. The main concern for all the countries around globe is poor Manufacturing PMI and the only exclusion is Europe which posted matching Manufacturing PMI with forecast. Hence it is better to bet on Euro and deny on Aussie in current situation. In line with that, please find the daily chart analysis of EURAUD,
Euro is clearly running very high over Aussie and more bullish run seems to be …
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Greece next Lehman Brothers Event?

This is just and extracted post from my latest article which you can find it here: Greece next Lehman Brothers Event?
  • FX Market - Risk Aversion

Markets have consistently experienced " 100-year events" every five years. Paul Tudor Jones

They say the Black Swan events are characterized by rarity and extreme impact and once again the financial markets are proving this to be wrong as theory has nothing to do with reality. Not so long ago we had the SNB event which disrupted the market activ…
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Stix avatar
Stix 14 July

Hahaha ! Now that's good business ! :) :)

Daytrader21 avatar

It's always a pleasure doing business with you:)

Stix avatar
Stix 15 July

I scored on both ends of that deal !  Hahaha ! Honesty, I thought it an excellent Article since planning ahead affords peace of mind, which is really beneficial. Personally, I don't have enough years of experience, so the input was really helpful. All in all, it was a good trade ! Thanks so much. :) :)

Daytrader21 avatar

Always glad to hear when people actually can learn something from my work, this means that i'm not writing in vain. Thanks

Stix avatar
Stix 15 July

The Articles are excellent for me because I learn a lot, as with the blogs. Even if some writings are not always agreeable with one's own thoughts, they are good for purposes of reminding oneself of lessons learned and exposure to new ideas. It's never in vain, in my opinion. Here, I remember how little experience I have and how deeply I am engrossed in the detail, at present, so will give some time to forward planning, as a result. I appreciate that - since that is the direction, once the initial work is done. Thanks again. Much appreciated and well written. :) :)

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FX Market Talk

So far the market has not entered in full risk aversion mode and despite Greece referendum "NO" vote victory EUR/USD exchange rates looks quite stable. Not even RBA rate decision could spark some volatility in aussie as kiwi was moving more than aussie on RBA decision, go figure.
I'll be trading very defensively and my main priority is still to capital preservation and last but not least to try to recover my long term account balance. Last month I managed to move in the right direction and ended…
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Greek People Have Spoken

With a clear victory of the NO camp we're back on the negotiation table and this time around the pressure for reaching a deal is on the Brussels side after this morning announcement that Greek FM Yanis Varoufakis has step down in order to help the negotiation going further and after Brussels demands that they want him out this puts pressure on Brussels side as now Greece has some leverage to work with and any fail to reach an agreement will be blamed on Brussels.
Expect some volatility in the FX…
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Risk Aversion Full Scale

As per my expectations we had quite an interesting FX opening you can read more about what I had to say over the weekends here: Greece Saga Final Act
This is what an ideal risk aversion scenario looks like when the safe haven currencies are in high demand and currencies like JPY, CHF and the US Dollar are the ultimate beneficiary on this environment. The magnitude of the gaps we saw especially with the yen pairs where something that we never saw at least not in the recent history. But not only t…
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Greece Saga Final Act

This time around the count down has started for Greece and they are really running out of time. Recent developments in the past 24 hours have been quite substantial and make no mistake about it Greece is going to default as IMF has send quite a strong message that they are not going to move the deadline for the debt repayment which is 30 Jun and the Greek referendum over paying/nopaying the debt is useless.
  • Greece bank Run
Photo Source: TheGuardian

The tell-tale signs of disaster wi…
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Daytrader21 avatar

pipx I just wish I would be that smart to know how things will unfold, unfortunately we'll have to wait and see how the market will open, it will be interesting

pipx avatar
pipx 28 June

Maybe we can try this on a demo, sell EUR/USD +50 pips above Friday close, I will also mess around  with EUR/CHF :-)

Daytrader21 avatar

EUR/USD has just opened at 1.1000....-160 pips gap :)

Daytrader21 avatar

Now on EBS is 1.0965 but semi-official FX open in another hour

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Grexit Saga Continues

Grexit or may just Greece default remain the most important trigger of FX volatility in the coming week. The ongoing negotiation between Brussels and Greece are just crazy and I wouldn't be surprised if they will extend again the deadline for the bailout which expire on 30 Jun. I'm not expecting anything new on the Monday's summit, and that should be the case if you take in consideration how things unfolded so far.
However all this uncertainty has failed to produce any meaningless moves in the F…
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It's time for a small recovery attempt

Currency Pair:Aud/Usd
Indicators: technical patterns and Sma50(red)+ Sma200 (blue)
Current price: 0.8148
Trend: very strong downtrend
Possible trading range:0.80-0.85
Signals: The aussie has posted losses for the last 5 consecutive weeks after fell from 0.86 to 0.81 zone and at this moment it seems unable to deliver another leg down given the presence of an oversold status on both weekly and monthly chart
Fundamentals: The continued drop in commodity prices, the ongoing China growth concerns, th…
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marius24 8 Jan.

update:Current price - 0.8108 and it seemed that the price has bottomed out at around 0.80 and from this area i expect for a slow upward move in the following days.

marius24 avatar
marius24 19 Jan.

update: Current price - 0.8220 and the technicals suggest that a bullish move is the most probalbe scenario as long as the price stays above the 0.8217 which represents the neckline of an inverted head and shoulders pattern. Anyway the main trend is still bearish, but the bulls have been trying to take the control over this pair in the last days.

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Geopolitical Risk Greatest Threat to Risk Aversion

Risk in the market remains elevate by current Russia-Ukraine conflict on the one hand and USA&EU vs Russia sanctions. I'm expecting this geopolitical risks to remain elevate in coming weeks as there are no sign of any de-escalation of this conflict. In this regard we should expect market sentiment to be in risk aversion mode as this is clearly suggested by the lower equity price and higher Treasuries.
Globally there is more than just Ukraine-Russia conflict we have Gaza-Israel conflict, Iraq, S…
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Trade Explanation

Here I'm going to give my explanation of my latest trades:
Currency Pair: EUR/JPY
Side: Long
Amount: 5Mill
Time Frame: 4h
Open Price: 136.66
Close Price: 136.983
PnL: +32pips
Open date: 06.08.2014 13:41:06
Close Date: 07.08.2014 05:16:52
Reasons Behind the trade: This trade was based pure on technicals, simply support and resistance levels on an intraday levels. But also on correlations as well as EUR/USD price action looks very oversold so I was expecting a short squeeze and this will drag EUR/…
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Neu_spir8 avatar

Nicely analysed pal and by the way i got messed up when laughed about ur lose, my apology, will never do that again.

Daytrader21 avatar

Neu_spir8 Take it easy I never interpreted your comments that way. I laugh about my losses all the time:))

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