BeSomebodyFX

2021-09-30 10:46:59 USDJPY 112.000 target hit…

Took its time but finally delivered, remember, patience and discipline bring you a long way, surround yourself with the right minds and keep it smart Open / Comment

2021-09-28 16:20:20 Just a matter of patience, tapering confirmed for November after the latest FOMC, now also rate hikes on the table for next year, USDJPY of course going for that 112.000 Open / Comment

2021-09-21 16:21:15 A lot of noise around on the China real estate matter, here’s the ONE thing you need to know…

Besides short term emotional moves which we have been seeing yesterday (and that may continue for a couple more days) the matter shouldn’t be a catalyst for a large correction as many are yelling about, the Chinese gov will (should) take the matter in their hands and when the CCP gets involved to control the situation that’s when medium to longer term dip buyers will show up in US markets too.

4700 is our expected S&P500 year end target and risk reward just got better, just a matter of timing entries right and keeping some breathing room to suit the volatility, again, beware of the noise, keep it smart and make sure you have the right minds around you, and again, markets will get volatile Open / Comment

2021-09-16 16:33:12 While USDJPY chops around we also have our eyes on the S&P500 where we expect 4700 before year end…

As many start shouting how the FED tapering will trigger a stock market crash, we take the other side, targeting 4700, the matter is simple, when tapering is well communicated and well anticipated (as the FED is doing) it actually ends up improving confidence in US markets, volatility will probably rise yes, there will be noticeable dips here and there yes, but buying those dips will remain a valid strategy for the upcoming months even with the FED tapering.

With this said, we expect 4700 to be reached before year end, just beware of the noise, there will be plenty as the FED tapering approaches Open / Comment

2021-09-09 16:29:05 USDJPY still ongoing, so far sideways action but still on track for a move to 112.000, notice also how the POC has shifted higher in the range, decent clue of what’s going Open / Comment

2021-08-30 16:58:41 USDJPY taking its time, sideways action so far but Powell sent the right clues last week at the Jackson Hole and our base case is that tapering will start in November, which means we expect USDJPY to continue to move towards 112.000 going forward, we continue to trade it accordingly Open / Comment

2021-08-23 16:35:15 USDJPY ongoing, It’s Jackson Hole week, pay careful attention to Powell’s words, it’s all a matter of him giving further guidance on the tapering timeline and we (and the market) will be carefully listening for subtle hints on when tapering will start, a slight nod at tapering before year end from Powell and USDJPY goes to 112.000 Open / Comment

2021-08-09 16:56:42 To follow up on the tapering subject, we expect USDJPY to get comfortably above 112.000…

Base case is that the Jackson Hole will signal a shift in FED’s rhetoric, or better, Powell’s rhetoric, enough for us to expect USDJPY at 112.000, tho don’t expect the market to move in a straight line Open / Comment

2021-08-06 16:20:06 EURGBP temporarily invalidated with the break of 0.85000, we still expect a move higher but the timing is clearly off, removing the ego on these occasions is essential, don’t let yourself be frustrated by the market.

Side note, the NFP just confirmed the FED tapering timeline, Powell will make his hawkish shift at the Jackson Hole this month to hint at the start of the tapering operations, know this and you know how to be positioned for the whole month Open / Comment

2021-08-03 16:41:43 EURGBP still ongoing, expecting the BoE meeting this week to cool down hawkish expectations and strike a cautious tone, also notice the “risk off” brewing and spreading across assets, we expect more of it in the upcoming weeks, with stronger momentum, anyway, EURGBP is valid as long as we don’t get a sustained break below 0.85000 Open / Comment