[Updated] Here's Our Thoughts on the Markets This Week
Apr 03, 2023 11:00 am
Hello ,
Trust your weekend was full of fun and hope you are prepared for a profitable week.
Here at Value Flow Trading, our sentiment for this week is as follows:
USD: the USD is bullish this week, as we also see buy side liquidity that should be cleared. This implies we would be shorting Foreign currency pairs such as GBPUSD, EURUSD and the rest.
JPY: for this week we see a weak YEN. This implies that we would be longing the yen associated pairs such as GBPJPY for the week. We are also looking out to long the USDJPY due to the dollar strength and the yen weakness.
GOLD: Gold sold as expected last week and for this week we look forward to shorting Gold again when we see a clear structure supporting our sell bias and also when our Value Flow Modelยฎ for Gold aligns. Also, inline with our expected long of the USD for the week, we further see supporting bias for Gold sell.
Make sure you trade cautiously and also use proper risk management for your trades.
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Cheers and have a profitable week!
VFT Team