Search a title or topic

Over 20 million podcasts, powered by 

Player FM logo
Artwork

Content provided by Jonathan (Two Blokes Trading). All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Jonathan (Two Blokes Trading) or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.
Player FM - Podcast App
Go offline with the Player FM app!

Will USD/JPY Tank?

24:28
 
Share
 

Manage episode 381573998 series 2921169
Content provided by Jonathan (Two Blokes Trading). All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Jonathan (Two Blokes Trading) or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

Rory takes a USDJPY short just before the podcast begins, but will USD/JPY tank? He explains the reasoning behind this move as well as the strong risk to reward that is favoured. Jonathan is holding off until we see 152 hit but will it be too late?

The question is will Bank Of Japan intervene after removing a pledge to defend the level with offers to buy unlimited amounts of bonds.

This week in the markets is Jam-packed with Data, Earnings, and everything in between. With ISM, PMI Services, NFP, FOMC, BoE and more. There is sure to be a further increase in volatility.

One of the biggest stock winners so far is Amazon after earnings were released better than expected with the share price jumping 11% as the outlook seems better than initially expected. The last time the stock has had such a two day stretch was a 17% rally from November 11, 2022.

The blokes look over other markets with Rory saying he is now short on Oil but would rather not be involved. There’s so many factors that could go against this such as the War in the middle east and the potential of OPEC supply, none of this can be confirmed or quantified and therefore, for now, both of the blokes agree they would rather rule it out. Data from China the US and EU also isn’t highly supportive of stronger economic conditions therefore demand for Oil may not be as strong as initially predicted.

Gold has found resistance at the $2000 level after a strong run higher. Jonathan explains how the major zone of 1800/2000 looks to be in play for quite some time and its likely with a stronger dollar, Gold will remain under pressure, unless of course we see any escalations in middle east.

DXY saw strong support last week from 105.50 and today at 106.00 to continue the push higher towards 107. Jonathan reiterates his long bias on USD & has been taking advantage of the cross pairs as a result. Jonathan also says with a lot of data due this week, there could be the potential for a lot of volatility and higher USD.

With lots of earnings this week from McDonalds, Pfizer, PayPal, Apple, Shopify and many more, it’s going to be an interesting week!

Join us live in the APP as we cover NFP this Friday!

Check out the FREE Two Blokes Trading Community for education, analysis & much more!

  continue reading

119 episodes

Artwork

Will USD/JPY Tank?

Two Blokes Trading

17 subscribers

published

iconShare
 
Manage episode 381573998 series 2921169
Content provided by Jonathan (Two Blokes Trading). All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Jonathan (Two Blokes Trading) or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

Rory takes a USDJPY short just before the podcast begins, but will USD/JPY tank? He explains the reasoning behind this move as well as the strong risk to reward that is favoured. Jonathan is holding off until we see 152 hit but will it be too late?

The question is will Bank Of Japan intervene after removing a pledge to defend the level with offers to buy unlimited amounts of bonds.

This week in the markets is Jam-packed with Data, Earnings, and everything in between. With ISM, PMI Services, NFP, FOMC, BoE and more. There is sure to be a further increase in volatility.

One of the biggest stock winners so far is Amazon after earnings were released better than expected with the share price jumping 11% as the outlook seems better than initially expected. The last time the stock has had such a two day stretch was a 17% rally from November 11, 2022.

The blokes look over other markets with Rory saying he is now short on Oil but would rather not be involved. There’s so many factors that could go against this such as the War in the middle east and the potential of OPEC supply, none of this can be confirmed or quantified and therefore, for now, both of the blokes agree they would rather rule it out. Data from China the US and EU also isn’t highly supportive of stronger economic conditions therefore demand for Oil may not be as strong as initially predicted.

Gold has found resistance at the $2000 level after a strong run higher. Jonathan explains how the major zone of 1800/2000 looks to be in play for quite some time and its likely with a stronger dollar, Gold will remain under pressure, unless of course we see any escalations in middle east.

DXY saw strong support last week from 105.50 and today at 106.00 to continue the push higher towards 107. Jonathan reiterates his long bias on USD & has been taking advantage of the cross pairs as a result. Jonathan also says with a lot of data due this week, there could be the potential for a lot of volatility and higher USD.

With lots of earnings this week from McDonalds, Pfizer, PayPal, Apple, Shopify and many more, it’s going to be an interesting week!

Join us live in the APP as we cover NFP this Friday!

Check out the FREE Two Blokes Trading Community for education, analysis & much more!

  continue reading

119 episodes

All episodes

×
 
Loading …

Welcome to Player FM!

Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.

 

Listen to this show while you explore
Play