A tactical CHF short.... Central Bank combo

17 сент. 2018 г.

=> In this particular example we are outguessing a break of a channel and confirming further wide chop with the cross.
=> This week is busy from a monetary policy perspective and with both the Norges Bank and SNB in play we decided to use the CHFNOK as the main course...
=> Thursday is the rainmaker here; whilst the SNB are likely to portray a dovish tone especially after the recent CHF rally... Norges Bank will deliver a 25bp hike.
=> This hike is widely priced in and expected so anything else will shortcircuit the NOK across all other pairs.
=> It is also worth mentioning the late cycle rally in oil. Those following our portfolio know we have already begun positioning to the sell side in oil because of the late cycle.
=> This means we are using a strategic short here in CHFNOK not only as a central bank highlight of the week but also as a hedge to our oil shorts in our portfolio.
=> Overall a complex call that makes sense to us...Best of luck all

20 сент. 2018 г.

Заметка

8.409x Cleared and partial profit booked... lets see how the rest goes.

25 сент. 2018 г.

Заметка

A flawless range so far; 8.4980x - 8.4166x

27 сент. 2018 г.

Заметка

Bears in full control