BeSomebodyFX

2022-06-21 16:37:17 EURUSD longs potential target 1.07000…

Well against the macro trend, but we see a scenario where the Dollar pulls back over the next week or so with a potential upside target on EURUSD at 1.07000

There’s little to no catalyst for Dollar bulls to get excited in the short term and there's plenty of FED tightening priced in already, so it would make sense to see some short term rebalancing with a modest pullback in the USD macro trend, just a pullback tho, the FED is still going to deliver another 75bps hike at their next FOMC Open / Comment

2022-06-14 18:55:11 EURGBP target zone reached…

Another classy monetary policy divergence trade with the ECB getting ready for rate hikes while the BoE on the other side begins to slow down their tightening path, thus creating a tradable divergence between the two where the EUR outperforms the GBP, basic monetary policy, the rest is just patience and discipline to stick with the plan

Trade less, trade smart Open / Comment

2022-06-10 16:14:47 EURGBP lacking momentum but the reasons for upside are still there in place, yesterday’s ECB subtly kept the door open for a potential 50bps hike in September, now it’s the BoE's turn to tell its story on June 16, have a great weekend everybody Open / Comment

2022-06-07 10:45:34 And a 50bps hike from the RBA it is, surprising even our above consensus expectations…

The AUDNZD move was a little smaller than what we anticipated but we expect AUDNZD to gain momentum and hit the “50bps hike” target over the upcoming days Open / Comment

2022-06-06 18:17:08 RBA rate decision coming up, which creates a short term opportunity for AUDNZD longs…

Markets’ consensus is for a 25bps hike, BUT we see an opportunity leaning in favor of a larger 40bps rate hike given the recent acceleration in Aussie's inflation readings

Long story short, if the RBA as we expect delivers a 40bps rate hike, then expect AUDNZD to jump noticeably, hence we see it worth some AUDNZD long exposure into the event and we are positioning accordingly Open / Comment

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Now eyes on EURGBP which is gaining some momentum to the upside, the ECB next week is the right catalyst for a good bout of volatility, have a great weekend everybody Open / Comment

2022-05-31 16:31:34 June 9 (ECB rate decision) and June 16 (BoE rate decision) will be the two catalysts for EURGBP to gain some momentum to the upside, remember the market needs the right catalyst for the right moves to unfold, in the meantime... patience is a virtue Open / Comment

2022-05-25 11:59:58 Expecting EURGBP upside towards 0.87000…

Two things to watch for this trade, the ECB about to hike rates and also purposefully encourage a stronger EUR to tamp down inflation, while the BoE about to pause rate hikes as the UK likely heads into recession, classic monetary policy divergence in the making between the two, don’t overthink it

The first EURGBP longs on this theme hit target (0.86000) a couple of weeks ago, now after an expected pullback it’s getting ready for the next leg higher, we are bullish EURGBP on pullbacks with target 0.87000, keep it smart Open / Comment

2022-05-20 16:38:27 https://besomebodyfx.com/crypto-global-macro-q2-2022/ Open / Comment

2022-05-19 16:19:19 Quick stop loss for us on NZDCAD as it breaks the previous structure highs, still thinking the technical lows at 0.80200 get tapped sooner than later, but for the time being we take the stop loss, stay disciplined Open / Comment