Bankpips

09/10/2020

We entered EURUSD short here about 30 mins into the ECB presser at 1.1893. Didn't hear anything unexpected, and certainly nothing that would change our mind about getting short the pair here. Equities still look set to sell-off following an ending gap and double close key reversal on both the Dow and S&P. Let's not forget about those millions of long amateur accounts loaded up in tech.

Oil broke and ending diagonal, Dr. Copper running into major resistance. September is also the worst month for risk assets.

We think the ECB is underestimating the risk of a deflationary environment here, although that is not the reason for this trade. This is short-term compared to that scenario (Targeting 1.1685). The EUR should still see pressure as oil falls and the greenback rises. Lower energy prices are going to raise even more concerns about inflation in the Euro Area that was already stagnant before the pandemic. EUR longs have been very crowded (all-time crowded for large specs and small specs) which risks an unwind on any significant decline here.

Stay safe out there and happy trading.

09/08/2020

Hi ! Here is this week's brief

September is here and liquidity is starting to pick up. Equities look set to sell-off, and the USD is positioned to rise. Come visit us at www.bankpips.com f...

09/08/2020

This week should bring a broad dose of USD strength as global equities look set to sell-off. September is here and liquidity is returning.

We like selling AUD and EUR against the USD coming into the week. Both the EURUSD and AUDUSD are set up nicely coming off of key higher time frame resistance.

Looking for 50% discounts on both pairs. 1.1896 on the EURUSD and 0.7320 on the AUDUSD

09/04/2020

Have a look at these two charts.

A global pandemic sweeps across the globe, protests over racial injustice are a common sight around the United States, a contentious U.S. Presidential election is brewing with Republicans running on a law and order platform, U.S. stocks rally to new all-time highs despite tremendous social and economic strains. You may think we are talking about what is happening right now in 2020, it would certainly apply.

However, we are describing 1968. Back to the future?

A multi-year stock market decline followed.

08/25/2020

Two charts to pay attention to. The vs index (MOVE is essentially the VIX for bonds), and the S&P 500 vs the U.S. Consumer.

Heading into September when liquidity returns, this is a huge red flag for risk assets.

We need to arrange a sit down between U.S. consumers and the immediately.

Source for charts: Refinitiv

08/25/2020

We decided to make our members-only interim update public since we are overdue for a weekly brief, and we see some great looking opportunities developing in high-beta fx. It's a great time to be a trader

The end of August is approaching, and that means liquidity should start to pick up in the financial markets as we move into September. Mix together all-time highs for some U.S. indexes, a -32.9% growth rate, massive amounts of liquidity, millions in the faithful , unbelievable levels, a large spec net short position, and an emotionally charged U.S. , what could go wrong?

On a side note, check out the divergence between the Vix and the MOVE index, which could be a warning of what is to come. Stay frosty.

Here is our interim video update. It's a little on the long side so grab a coffee and get comfortable.

This is our members-only interim update for Tuesday, August the 25th. We decided to share it publically because we are overdue to a weekly brief, and because...

08/19/2020

Welcome to Bankpips. We are a new Forex trader education and market analysis service.

We may be new, but our team is anything but. We even went out and brought in 18 year veteran trader and trading coach, Chris Mathis to head up our program.

Check us out at www.bankpips.com and see how we can help you become a better trader. Our goal is to get you outside of the retail way of thinking, and into an institutional way of thinking. Learn how to apply fundamental and inter-market analysis. Analyze market behavior with a solid understanding of liquidity and the liquidity function in FX price delivery.

Trading isn't you against the big traders or you against the banks, it's you against you. The weakest link in every trade plan is the trader. You want to change your trading, change yourself. Get started now!

08/19/2020

You don't see this kind of support every day. Solid fundamentals behind it too.
https://youtu.be/NryBaQExuaU

The RBNZ just put some distance between itself and the other G10 central banks on the topic of negative rates. NZ Yields responded and so did the Kiwi. The A...