usdZAR
usdMXN
ZAR, interest rate decision tomorrow. Forecast is unclear:
usdMXN
ZAR, interest rate decision tomorrow. Forecast is unclear:
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Help with Exotics 15 replies
Anyone trading the ZAR, PLN, HUF or TRY? 3 replies
Crosses and exotics (gbp/aud...) 11 replies
Trading Exotics 2 replies
trading exotics 0 replies
Disliked{quote} Risk on sentiment returning. Trade tariffs have kept emerging markets and especially dollar denominated commodity economies soft for some time (due to dollar strength).Ignored
Disliked{quote} Yeah, it's mostly on the dollar move. I'm not certain what is pushing the dollar down. The numbers released for inflation today on 2 counts were better than forecast. I think that gave the rand a little more strength which helped the move. My spread should read 80.0 which is extremely narrow for this pair. At this moment it is moving between 205.0 and 308.0 haIgnored
DislikedHow you see USDSEK? We still have an uptrend with massive correction. {image}Ignored
Disliked{quote} USD INDEX & USDTRY & USDZAR Usd Index: what I see from weekly chart is that USD Index is turning down.. last candle is quite bearish..but we have very nice pin up in daily chart which is bullish..and sep Fed rate meeting approaching..so, we may see some up movement but my overall bias is down in following weeks..until Sep Fed meeting there can be some up down, then weekly drop continue, i guess.. UsdTry: we are in a very strong monthly and weekly uptrend..but last week bearish candle in weekly chart suggests that some consolidation and bearishness...Ignored
Disliked{quote} Indeed the rate hike was rather strong on TRY but the market isnt twitching, first rate hike of July was corrected very quickly, and the current one is almost to be corrected in terms of price. As you pointed long term not much was solved, inflation is still pressuring large on economy and currency, and now that TCB has used its main weapon, the price now has to respond, if it doesnt then the upside for USDTRY is baked into cake. Problem is that rate hike was good and at same time very bad for long term that is why its difficult for price...Ignored
QuoteDislikedMy bias in weekly/monthly timeframe about;
USD Index/DXY: bearish
EurUsd: bullish
GbpUsd: neutral/bullish
UsdJpy: neutral/bullish
UsdTry: bullish
UsdZar: neutral/bullish
UsdMxn: neutral
UsdCnh: bearish
UsdSek, UsdNok, UsdHuf, UsdPln (high correlation with DXY): bearish
I will share some charts at weekend..
note that those are my weekly/monthly bias..i m planning to buy dips, sell highs in small timeframes according to my higher timeframe bias..should be careful with intraday movements..
best wishes