A big week for Risk...

ที่อัปเดต:
Here we are tracking the last chance for bulls to defend the retrace, the 2017 lows are vulnerable and going to prompt a correction in rate differentials.

On the European side, the boat has been heavily loaded on the sell side for some time and smart money is now sniffing for any changes in fear of overstaying. Expectations for ECB easing is ticking higher and Lagarde/Draghi combo is struggling to beat market pricing. It's time to start looking at EUR bids.

On the Japan side, we have just traded a massive risk-off leg in JPY and there is a lot of profit taking to be done. With recession fears via protectionism weighing on manufacturing, a weakening China and yields deteriorating the JPY has received a strong bid. There is a VAT hike coming with a large caveat of BOJ easing in September.

Selling EUR against JPY


124.7 remains the only level in play to the topside to confirm a change in trend a break above in necessary, plenty of opportunities here for the month ahead.

Best of luck.
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ปิดการเทรด: ถึงเป้าหมายการทำกำไร
ABEBeyond Technical AnalysisbojecbEUREURJPYeuroTechnical IndicatorsjpykurodaridethepigTrend Analysis

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