Trading Plan 27-05-20
DAILY EXPECTION
--------------------------------------------------------------
Little news = slow day
CURRENCY OVERVIEW
--------------------------------------------------------------
Long term strength
Strong
AUD
NZD
Weak
GBP
JPY
Short term correlation
Weak correlation on
CHF
EUR
GBP
FUNDAMENTALS
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News
EUR Speech - morning (right now needs to hurry up!)
CAD - afternoon
(USD - evening)
DAILY CONCEPTS
-------------------------------------------------------------------
Focus on EUR movement (not currency???) because of news
News has happened - EUR has strong reaction on eur pairs and neutral to others
Pair EUR with extreme currency
Beware EUR is being dragged about by other currencies
EURUSD is at top of daily range and is sitting on W21EMA
EUR is neutral assume will push weak after news because of EURUSD range
Assume USD inverse related
Focus on USD strength (because of ASSUMED weak EUR) = pair with weak currency (GBP, JPY) GBP has poor correlation
INSTRUMENT SELECTION
-------------------------------------------------------------------
USDJPY
2 more stable pairs. JPY weak. USD neutral but expecting strength from EUR weakness because of news volatility
DAILY EXPECTION
--------------------------------------------------------------
Little news = slow day
CURRENCY OVERVIEW
--------------------------------------------------------------
Long term strength
Strong
AUD
NZD
Weak
GBP
JPY
Short term correlation
Weak correlation on
CHF
EUR
GBP
FUNDAMENTALS
-------------------------------------------------------------------
News
EUR Speech - morning (right now needs to hurry up!)
CAD - afternoon
(USD - evening)
DAILY CONCEPTS
-------------------------------------------------------------------
Focus on EUR movement (not currency???) because of news
News has happened - EUR has strong reaction on eur pairs and neutral to others
Pair EUR with extreme currency
Beware EUR is being dragged about by other currencies
EURUSD is at top of daily range and is sitting on W21EMA
EUR is neutral assume will push weak after news because of EURUSD range
Assume USD inverse related
Focus on USD strength (because of ASSUMED weak EUR) = pair with weak currency (GBP, JPY) GBP has poor correlation
INSTRUMENT SELECTION
-------------------------------------------------------------------
USDJPY
2 more stable pairs. JPY weak. USD neutral but expecting strength from EUR weakness because of news volatility
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