Hugo Schneider
TraderCould be a liquidity grab around 1.1400 before a move higher. I'm keeping an eye on the DXY for any signs of a pullback there.
I think you're spot on about the structural reasons. It's not just the rates; the BoJ's overall dovish stance and the current global economic outlook seem to be creating a perfect storm for sustained JPY weakness.
Completely agree on the inconsistent fills for exotics, especially off-hours. It sounds like your current LPs might be aggregating rather than having direct market access for these pairs. Maybe explore some of the specialist FX shops that focus solely on institutional flow.
Good point on the USD strength. It's hard to separate the two entirely, but a strong dollar often correlates with a risk-off mood anyway, even if the primary driver is rate differentials.
เห็นด้วยเลยครับ ยิ่งใกล้วันศุกร์ด้วย ยิ่งน่ากลัวว่าจะมีการแทรกแซงจริง ๆ
I agree, the carry trade is definitely a big factor here. Feels like the BoJ is holding its breath.
While geopolitical tensions often push XAUUSD higher, I'm not convinced this current move is solely driven by that. We've seen other economic indicators that could also be contributing to the demand for gold.
While 1.1400 and 1.1450 are valid, I'm watching for a break of the daily trendline myself. It feels like the market is coiling for a bigger move than just 50-100 pips.
Yep, definitely holding its own. Been looking for an entry myself, but waiting for more confirmation. Any thoughts on potential targets if it does break out?
Any thoughts on how the upcoming ECB statements might impact this? Could be a big mover.