Faysal Amin
Mind Vision Traders
FOMC leaves rates unchanged and a lot of volatility in the markets especially in indices so we except more wild swings in the mkts in next few sessions WE ADVISE our fellow traders to trade with stops and try to swim with sharks without being eaten alive on major Fx pairs we think another high by 22 jun and bull market is over then trend trades will prevail and till that day some choppy markets ahead of us, especially in metals, energy and indices, traders and investors, are not very sure which commodity is safe haven as bond markets at very risky price level another blood bath is possible in bond markets in our opinion and wish our traders very best of trades to them
Euro usd (last 11378)
Short term turning cycle on hourly basis
Day trades
Short@11436 stp@11454 tgt 11086 (Valid till IMM Close)
Long 11219 stop@11193 tgt 11224 (valid till imm open Friday)
GBP/USD (12692 last)
Short term SOS
Day trades
Long @1 stp@12377 tgt 12409 (valid till IMM Close Friday)
Short @12777 stp@12816 tgt 12584 (valid till imm close)
USD/JPY (last 10697)
Short term Flat wait for break out
Day trades
Long@10675 stp@10652 tgt 10742 (New trade Till imm Close)
Short@10842 stp@10865 tgt 10755
USD/CAD (last 13467)
Short term SOS
Day trades
Short@13505 stp@13519 tgt 13407 (valid till imm open Friday)
long@= no new for long position
AUD/USD (last 6937)
Short term
Day trade
7022 stop@7045 tgt 6843( Monday IMM open)
Crude oil (last 3821)
Short term BOD
Day trades
Long @3620 stp@3574 tgt 3842
Nasdaq 100 (last 9955)
Day trades
Short @ 10255 stp@10313 tgt 9844 (good till New york closing)
Gold (last 1732) (day Trade)
Short @1744 stop@1754 tgt 1712
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETIEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK AND NOHYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTANL LOSSES OR TO ADHERE TO A PARTICULAR TRADINGPROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULT
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Editors’ Picks
EUR/USD edges lower toward 1.0700 post-US PCE
EUR/USD stays under modest bearish pressure but manages to hold above 1.0700 in the American session on Friday. The US Dollar (USD) gathers strength against its rivals after the stronger-than-forecast PCE inflation data, not allowing the pair to gain traction.
GBP/USD retreats to 1.2500 on renewed USD strength
GBP/USD lost its traction and turned negative on the day near 1.2500. Following the stronger-than-expected PCE inflation readings from the US, the USD stays resilient and makes it difficult for the pair to gather recovery momentum.
Gold struggles to hold above $2,350 following US inflation
Gold turned south and declined toward $2,340, erasing a large portion of its daily gains, as the USD benefited from PCE inflation data. The benchmark 10-year US yield, however, stays in negative territory and helps XAU/USD limit its losses.
Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000 Premium
Bitcoin’s recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors.
Week ahead – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too
Fed meets on Wednesday as US inflation stays elevated. Will Friday’s jobs report bring relief or more angst for the markets? Eurozone flash GDP and CPI numbers in focus for the Euro.