Tommys Blog

Thursday Blog

I stated on Monday I would be looking to enter a short position in EURUSD, which I have now entered today as it started to break below the 2020 lows of 1.1853. However, we then saw slightly weaker ISM figures come out of the US, but the lack of momentum in the reversal has convinced me there is definitely more room on the downside and a test of 1.1760 is possible. I have a left a tight stop loss in at 1.1188 as we head into Nonfarm Payrolls tomorrow, where I will be looking for a much more positive number in comparison to the previous two. However as seen before these numbers can be very erratic so I do believe a tighter stop makes more sense as we head into market moving events like the Nonfarm Payrolls.

What are your thoughts on the current market, and what currency pairs are beginning to catch your eye?

It is going to be an interesting end to the week, so I will be keeping any eye out on the following events:

  • USD Nonfarm Payrolls
  • USD Average Hourly Earnings
  • ECB Lagarde Speech

More to come next week, Have a good weekend.

This blog is a personal view and not advise or the views of the Corellian Academy.

Tommy's Blog
Read the latest from Tommy.

Monday Blog
September 20, 2021

Tommys Blog

EURUSD has surpassed a key support of 1.1757 at the latter stage of last week, and now all eyes look towards 1.1695 as a very major support line and if broken, a large head and shoulders top will come into play in turn Exposing support of 1.1495. Very event/data driven week this week as we have both […]


Thursday Blog
September 9, 2021

Tommys Blog

As expected the ECB left their interest rates unchanged this afternoon but were perhaps slightly more dovish than expected when they only moderately slowed their pace of bond purchase. Meanwhile attention once again turns to the FED to indicate their own tapering plans as post Jackson Hole they seem the most likely central bank to do so at this point. I do still like the look of a lower […]


Monday Blog
September 6, 2021

Tommys Blog

Both AUD and EUR are up a significant amount over the last couple weeks. However if we do not see a meaningful break above the previous highs of 1.1900 then I do see consolidation in EURUSD, and a possible downtrend beginning to form once again for the pair. We have the ECB this week but […]


Thursday Blog
August 19, 2021

Tommys Blog

This afternoon we saw a further fall in AUDGBP to 0.5225, even though we saw strong AUD employment figures released earlier today. This just gives me further confidence to hold onto my short, as even positive data cannot seem to outweigh the current issues AUD is facing with the delta variant and China’s recent struggles. Off the back of this […]


Monday Blog
August 16, 2021

Tommys Blog

So we saw weaker Chinese data released and this in turn caused the aud to underperform all session. On top of this Australia’s is continuing to face new problems with the delta variant also forcing further restrictions to be put into place. I am still short AUDGBP at 0.5320 from the start of last week, […]


Thursday Blog
August 9, 2021

Tommys Blog

We have witnessed an interesting week so far in terms of economic data and there is still more to come. I do still believe EURGBP will fall further, and the next pivotal level is April’s low of 0.8471. if this support is broken I will look to sell the pair as it continues to fall. […]


Monday Blog
August 9, 2021

Tommys Blog

To close out last week I sold AUDGBP at 0.5321, with my stop loss set at 0.5358. This is based on the problems China is continuing to face with the containment of the delta variant, on top of their recent poor growth numbers. This then has a direct impact to the AUD which is directly correlated with China’s economic […]


Monday Blog
August 2, 2021

Tommys Blog

The last week I remained neutral, not taking any positions. However, I do still remain bullish for sterling, especially against the euro, at least in the short term. The main reason behind this is that the UK are still looking very good to come out of this 3rd wave of COVID first, with many suggesting […]


Monday Blog
July 26, 2021

Tommys Blog

To start the week I currently have no live positions, however one currency beginning to catch my eye is sterling. This is mainly due to the fact that the virus data is beginning to slow down suddenly, and people are starting to think the UK could be finally starting to head towards heard immunity. This […]


Monday Blog
July 5, 2021

Tommys Blog

Nonfarm Payrolls came in stronger than consensus on Friday, however this seemed to be priced in already as we didn’t see a significant reaction off the back of those numbers. With EURUSD seeing little movement, I decided to me cash in a small profit at 1.1830 feeling that remaining all square as we entered the […]


Thursday Blog
July 1, 2021

Tommys Blog

I stated on Monday I would be looking to enter a short position in EURUSD, which I have now entered today as it started to break below the 2020 lows of 1.1853. However, we then saw slightly weaker ISM figures come out of the US, but the lack of momentum in the reversal has convinced […]


Monday Blog
June 28, 2021

Tommys Blog

To start off this week I will remain all square, as we look to build up to a data driven end to the week with EUR CPI and the obvious Nonfarm Payrolls. I will be looking to hopefully sell the rallies in EURUSD with weaker numbers expected out of Europe. Also I am beginning to […]


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