Trading Slang
1. Moves were more subdued elsewhere as most traders were happy to sit on the sidelines ahead
of the Federal Open Market Committee (FOMC) due Wednesday afternoon in the US.
2. Oil inventory data showed a surprise build vs. the draw that was expected, taking a small bite out
of the oil price.
3. After a trip back to touch 140.00, the pair is now falling back to 138.85 in a volatile session for
the Japanese yen.
4. European bond yields surged.
5. latest retreat in bond yields now is helping to put a fresh drag on the dollar as well.
6. Despite risk sentiment holding up somewhat, the Australian dollar continues
7. I am out breakeven on the short. We did not reach our TP at 1825, market is very reactive on
long orders.
''reactive'' Means market is responding to long orders more and reacting to it more as opposed to
shorts
8. USD/JPY breaks 141 as yen shorts buy the dip
9. PPI data just released, data is good and market reacted on it (USD strong). I don’t think the
movement is going to extend but let’s keep an eye open.
Also: 'overextend'
10. We are still in a consolidation/triangle on XAU. Price action is still acting weird with USD
switching ON/OFF depending on the day of the week and session.
11. Bit of overnight (London) leakage to the downside towards the 61.8% - great reaction this
morning - heading towards 1670 - 1685
12. XAUUSD had an interesting reaction and flash crash yesterday
13. reaction there is expected to keep the bullish momentum back up towards 1800.
14. Interesting, trade could come back on the table potentially
15. I am out breakeven on the short. We did not reach our TP at 1825, market is very reactive on
long (rejection) orders.
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