another expression of eurgbp short trade due to correlation
Risk on, war news profit taking --> chf to weaken
various chf pairs rebounded/on major supp after war news
gbp less affected by usd news compared to euro due to less beta, euro profit taking or new joiners of eu shorts make gbp more attractive than eu.
catalyst: potential hawkishp print from U.K.’s October Employment Report
lower band vwap if broken through can long to range fill
long from lower side of bb, if regime no change, mean reversion to prosper
etc
What do you think?
Risk on, war news profit taking --> chf to weaken
various chf pairs rebounded/on major supp after war news
gbp less affected by usd news compared to euro due to less beta, euro profit taking or new joiners of eu shorts make gbp more attractive than eu.
catalyst: potential hawkishp print from U.K.’s October Employment Report
lower band vwap if broken through can long to range fill
long from lower side of bb, if regime no change, mean reversion to prosper
etc
What do you think?
Note
correction: **gbp is higher beta and more volatility and have more ties with US so affect by US more in terms of volatilitydidn't proofread as was managing trade
Trade active
Note
cpi came in hot, gbp rallied and touched upper band, then risk off happened (fresh war news), vix spiked, s&p crashed for one day, gold rallied, chf to rallyNote
scope changed back to interest rate focus after gold streak for many green days as can be seen from gbpchf and eurchf bounce, snb may be interveningDisclaimer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.