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10 Followers
Write a Squawk to Patto
  • 1d
    Patto Patto
    Just goes to show there are no "iron laws" for traders in the FX markets. Speculator positioning (long) in NZDUSD is at mutli-year highs and yet still...
    1d
    Max McKegg Max McKegg
    Well said Patto
  • 2d
    Patto Patto
    A good summary............But what's happened to John Hardy's postings ? Has he left Saxo ? In his place there seems to be a tedious stream of system-generated...
    2d
    John G Acher John G Acher
    Have no fear. Mr Hardy will be back before long.
  • 2d
    Max McKegg Max McKegg
    When itnerim target of 1.1710 reached stop jammed to just above BE ... Stopped and will now plan re-entry on this Wave (IV) corrective sell-off
  • 6h
    Q Q
    Hi Max, this is looking a little range-bound for now but the trade idea is still intact if I'm not mistaken?
  • Article / 21 July 2017 at 3:18 GMT

    Bank of Japan clueless as inflation outlook dims

    Managing Director / Technical Research Limited
    New Zealand
    Bank of Japan clueless as inflation outlook dims
    Will the BoJ stand in the market and offer to buy unlimited quantities of JGBs if US yields start to rise again? What if US yields drop and bonds follow suit, will the BOJ sell holdings to maintain the zero percent target? These are issues Japan's central bank doesn't want to face
    Read the article
    21 July
    Max McKegg Max McKegg
    Yes Patto, these corrective reactions back toward targeted Mathematical supports are seen as Buying opportunities. Carpe Diem ! Max
    21 July
    Treve Treve
    Thanks Max, what's the next Buying level ?
    21 July
    Max McKegg Max McKegg
    Treve,, you're welcome to receive my latest trading forecasts, my contact details under my TradingFloor Bio.
  • Trade view / 17 July 2017 at 0:57 GMT
    Short term
    /
    Buy

    No sign of the party ending yet as AUDUSD rally rolls on

    Managing Director / Technical Research Limited
    New Zealand
    AUDUSD shows a bullish Elliott Wave structure and classical charting pattern. The medium term advance is developing well. The medium-term target is 0.8350/0.8380. There is support at 0.7800, 0.7780/0.7750 at a maximum. THe next rally will attempts to reach 0.8000 level in days ahead.
    Read the Trade View
    19 July
    Max McKegg Max McKegg
    It's not over yet Treve ... just sent out Updates and further trading advice
    19 July
    David12 David12
    Hello Max, great call ! any suggestion for tomorrow AUD employment data and its impact ?
    2d
    h.alfayyad h.alfayyad
    Great call Max. Really impressive. I contacted you previously by email and will contact you very soon. I am now more than happy to subscribe with you!...
  • Squawk / 14 July 2017 at 22:19 GMT
    Managing Director / Technical Research Limited
    New Zealand
    US stocks closed at a record, despite disappointing economic data (perhaps offset by solid earnings reports).

    The headline Consumer Price Index for the year ended June came in at 1.6%, below expectations, while the core rate held steady at 1.7% (see chart below)

    Retail sales also fell short of forecasts

    This would seem to justify the Fed’s “First, do no harm” approach to monetary policy, as outlined by Janet Yellen this week.

    In response to the data, the odds of another rate hike this year continue to slide and are now under 50% (see chart) taking USD down with it.

    Volatility across all asset classes remains low, but July is traditionally the turning point for the VIX.
    Read the Squawk
    14 July
    Jim Earls Jim Earls
    If your economic data continues to deteriorate and the environment was explicitly created by central banks through a credit reserve hokum experiment that has still failed to...
    15 July
    Max McKegg Max McKegg
    Fair comment Jim...........I’ve noticed your assessment of the situation is usually very astute. But for trading purposes we have to accept the situation as it is –...
    15 July
    Jim Earls Jim Earls
    Many people accepted the situation with Silver also back in 1979-1980, then reality struck as regulators moved-in to clean house.
  • Trade view / 13 July 2017 at 2:26 GMT
    Short term
    /
    Sell

    Watch for a selloff as EURGBP retests low

    Managing Director / Technical Research Limited
    New Zealand
    A key mathematical retracement has been met for EURGBP. The currency pair has completed an Elliott Wave corrective structure. There is resistance at 0.8880/0.8925, and downside potential toward 0.8650 and 0.8315.
    Read the Trade View
    13 July
    seas seas
    88.70 now and rising.
  • 13 July
    David12 David12
    HI Max, still a bull on this ?
    13 July
    Max McKegg Max McKegg
    Yes David, still alot of Upside potential
    13 July
    David12 David12
    Thanks Max
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