Market summary

The previous day, the situation was bought back after a push and the overall situation remained calm.

The environment continues to hold at high levels, with limited directional support but with an awareness of the underlying support.

The composition of the interest rate differential remains in place, and the focus today is on the bias of flows due to weekend factors.

Today, it will be interesting to see how far the previous day's trend continues, and the phase to watch out for minor changes in price movements.

Assumed range

The downside is assumed to be mainly at the level where pushback is likely to occur, while being aware of the lower end of the higher price range.

The upside is in the form of keeping in mind the room for growth to the area of the recent return high.

During the day, limited price range is expected while awaiting materials.

tactics

In general, priority is given to entry at a level that is not unreasonable, while maintaining a push-buy basis.

The policy is to assess reactions at the upper and lower limits of the holding area and avoid excessive following.

If momentum is slow, stick to fine rotation and restrain your price-taking attitude.

trigger

The upside is a phase of awareness of a break above the recent return high area.

To the downside, a clear break below the push level is a likely sign of an expansion of the adjustment.

Sudden changes in flows due to US indicators or weekend factors are potential short-term directional shift triggers.

override condition

If the lower holding limit continues to be broken and the maintenance of the high price range is broken.

If the momentum of the buy-back slows down and the downward trend takes hold.

If the return is noticeably slower after the event and the upside-testing ground recedes.

risk event

Changes in interest rate trends following the release of US indices.

Short-term flow bias due to statements by key figures.

Sudden changes in supply and demand due to weekend rebalancing.

position management

The size is kept lower than usual to allow room for adjustment in case of sudden changes.

Take profits in stages, using the upper edge of the holding area as a reference point.

Losses are mechanically executed once the level of the push formation has been negated.

checklist

No flow bias due to weekend rebalancing

US interest rate trends and the impact of index results

Changes in reactions at the upper and lower limits of the holding zone

Market summary

The day before continued to be easily swayed by material ahead of the Eurozone's business confidence and price-related announcements

Views on US monetary policy were also difficult to consolidate, and the market moved up and down without any sense of direction.

The daily is still prone to short-term fluctuations due to indicators and flows today, with little substance remaining.

Assumed range

Lower boundaries are around the 1.15s.

The upside is around the 1.16 level.

Although it can easily swing depending on the material, the basic idea is to be aware of this range.

tactics

Based on range rotation, but with caution in situations where material pulls to one side.

Avoid chasing either up or down and wait for a clear reaction to a push or return.

Narrow your position at times when short-term swings are stronger.

trigger

If the preliminary Eurozone PMI results change the market's assessment of business confidence

When first flows in early European hours tilt to one side

When short-term interest rates are more volatile in response to US indicators and statements by key figures

override condition

If the daily trend moves with substance in the direction of a 1.15 break below the 1.15

If a clear break above the 1.16 level and a push formation is confirmed

When a series of legs appears with volume either up or down.

risk event

Preliminary Eurozone PMI

Eurozone price-related indicators

Statements by key US officials and changes in short-term interest rates

position management

Size will be adjusted conservatively due to the microwave premise.

Assume a shorter level of interest and close early if there are signs of a reversal.

Stop-losses are placed outside the expected range in smaller sizes.

checklist

Confirmation of the direction of the preliminary Eurozone PMI.

Is the initial flow in the European hour unbalanced?

Have changes in US interest rates spilled over into the euro?

Market summary

The previous day was a phase in which the pound was predominantly bought, as the US indices eased the prospect of tightening.

With UK consumption-related data and US business confidence indicators coming up today, the ground is likely to swing in the direction of the market depending on the material.

It should be noted that liquidity is likely to be unevenly distributed across time zones, compounded by the impact of weekend rebalancing.

The focus today will be on how far the recent gains can be held.

Assumed range

The downside is assumed to be wider, with the level of the previous day's pushback in mind.

The upside is expected to be identified around the recent return highs as a candidate for the upper limit.

For the time being, the composition is likely to continue to test up and down in the London-New York hours.

tactics

Today, we recommend a range rotation basis and avoid extreme following either up or down.

If there is a bias towards momentum in early London, be wary of temporary growth, but check for a settling-in point.

In New York time, priorities are adjusted during the price expansion phase, subject to swings caused by US indicators.

trigger

To the upside, the focus will be on the momentum from the initial move in London time above the previous day's high band.

To the downside, European indicators are weak, confirming that the flow is likely to change if the previous day's push zone is broken below.

Surprises in US indicators are likely to influence short-term direction, and reactions in the NY hour are important.

override condition

Assumptions are more likely to break down if there is an early downward push that cancels out all the previous day's gains.

The assumption of range rotation is revisited when price movements are observed that continue to extend in one direction.

If an opposite bias occurs in London and New York, a decision should be made to switch to a wait-and-see approach.

risk event

UK consumption-related data.

US PMI and US Business Confidence Index.

Flow bias due to weekend rebalancing.

position management

Lots are kept more modest than usual and are prepared for sudden fluctuations around material announcements.

Priority is given to shorter price ranges for gains and ensuring that they are contained where the flow stops.

Stop-losses are based on upper and lower milestones, with the range fixed in advance before entry.

checklist

Is there a bias in flows before and after the UK and US indices?

Is there continuity of direction between the London and New York initial movements?

Has liquidity been reduced too much by weekend factors?

Market summary

The situation continues to swing towards external factors, with the Australian business confidence index and US interest rate trends in mind.

The previous day saw a history of selling leading up to the New York time, with the market moving to a lower level.

Today, too, reactions to indicators and related statements are likely to influence price movements, which may be compounded by adjustments to weekend factors.

Assumed range

The lower side is assumed to be around the level of the recent lows - around.

On the upper side, keep in mind the zone where the return is likely to be conscious - the vicinity.

Pay attention to range changes, as they tend to swing up or down depending on the material.

tactics

Today, we will be based on range rotation, but will be flexible enough to be prepared for changes in direction.

Confirm lower support during the push phase and carefully search for potential return sales on the upside.

Avoid unreasonable following and limit the volume of transactions in situations where the flow is not set.

trigger

On the upside, the scene is marked by a break above the level that has held back the return.

The downward direction will be determined by whether the market breaks below the previous day's low area.

Short-term volatility is likely to occur before and after the release of an indicator, confirming the strength of the reaction.

override condition

If the range is clearly out of equilibrium, either above or below a milestone, the tactic should be reviewed.

A development in which large fluctuations occur over a short period of time and support and resistance cease to function.

When indicator results or statements cause a significant resetting of market views.

risk event

Australian business confidence indicators and employment-related data.

US inflation-related indicators and interest rate trends.

Flows associated with weekend position adjustments.

position management

Prepare for sudden fluctuations based on a slightly smaller size than usual.

Interest should be taken frequently in front of the upper and lower range limits.

Losses should be executed when the milestone has been clearly broken and should not be prolonged.

checklist

Initial response to materials and subsequent retention.

With or without adjustment flows due to weekend factors

Signs of uneven trading or sudden changes near milestones