Market Summary

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

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

The composition of the market is maintained on the back of interest rate differentials, and today's focus is on the bias in flows due to weekend factors.

Today, it will be interesting to see how far the previous day's trend will continue, and we should pay attention to minor changes in price movements.

Assumed range

The lower price 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 vicinity of the recent return highs.

Limited price range is expected during the day as we wait for materials.

tactics

In general, priority will be given to entry at reasonable levels, while maintaining a push-buy basis.

The policy is to watch for reactions at the upper and lower limits of the holding range and avoid excessive following.

If the momentum is slow, stick to fine rotation and restrain yourself from trying to get a price range.

trigger

To the upside, a break above the recent return high area is in mind.

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 U.S. indicators and weekend factors are possible short-term directional shift triggers.

override condition

If the lower holding area continues to be broken and the maintenance of the highs is broken.

When the momentum of the buyback 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 associated with the release of U.S. indices.

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

Sudden changes in supply and demand associated with weekend rebalancing.

Position Management

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

Take profits in stages, using the upper end of the holding range as a reference point.

Losses are mechanically executed once the level of the push formation is exceeded.

checklist

No flow bias due to weekend rebalancing

U.S. interest rate trends and the impact of index results

Change in reaction at the upper and lower limits of the holding area

Market Summary

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

The market moved up and down with no sense of direction, as views on the U.S. monetary policy were difficult to consolidate.

The daily is still in a position to see short-term fluctuations due to indicators and flows today, with little substance left.

Assumed range

Lower price is around the 1.15 level

Upside is around the 1.16 level

Although it is easy to swing depending on the material, we are basically aware of this range.

tactics

While the range rotation is the basis, we will take a cautious approach in situations where materials lean to one side.

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

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

trigger

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

If the first flow in early European hours leans to one side

If short-term interest rates are more volatile in response to U.S. indicators or statements by key figures

override condition

If the daily price proceeds with substance in the direction of the 1.15 breakdown

If a clear break above the 1.16 level and 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 U.S. officials and changes in short-term interest rates

Position Management

Size will be adjusted modestly due to range assumption

Assume a short interest level and close the account early at the first sign of a reversal.

Stop-losses will be placed outside the expected range in a smaller size

checklist

Directionality of Preliminary Eurozone PMI Confirmed

Is the initial flow in the European hour unbalanced?

Are fluctuations in U.S. interest rates spilling 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 tightening speculation.

Today, the UK consumption data and U.S. business sentiment indicators are coming up, and the direction of the market is likely to be swayed by the materials.

It should be noted that liquidity tends to be unevenly distributed by time of day, due in part to the overlapping effects of weekend rebalancing.

Today's focus will be on how far the recent gains can be held.

Assumed range

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

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

For the time being, the composition is likely to continue to test ups and downs in the London-NY time frame.

tactics

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

If there is a bias toward momentum in early London, we will be wary of temporary growth and check for settling points.

In New York time, we will adjust priorities during the price expansion phase based on swings caused by the U.S. indices.

trigger

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

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

Surprises in U.S. indicators are likely to influence short-term direction, and reactions in the New York time frame are important.

override condition

If a downward push that cancels out all of the previous day's gains occurs early, the assumption is likely to break down.

When we see price movements that continue to extend in one direction, we will reexamine the assumption of range rotation.

If the 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.

U.S. PMI and U.S. Business Confidence Index.

Flow bias due to weekend rebalancing.

Position Management

The lot size will be more modest than usual to prepare for sudden fluctuations around the time of material announcements.

The interest rate will be taken in short price ranges first, and will be settled when the flow has stopped.

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

checklist

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

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

Are weekend factors causing liquidity to decline too much?

Market Summary

The situation continues to swing easily to external factors, as investors are aware of Australian business confidence indicators and U.S. interest rate trends.

The previous day saw a history of selling that was predominant through the New York hours and continued to move to lower prices.

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

Assumed range

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

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

Pay attention to changes in the range as it is likely to swing up or down depending on materials.

tactics

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

In the push phase, confirm lower support 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

To the upside, the market is aware of a break above the level that has held back the return.

To the downside, the decision will be based on whether or not 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, and we will check the strength of the reaction.

override condition

If the equilibrium of the range is broken by a clear breakout of either the upper or lower milestone, the tactic will be reassessed.

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

When the market view is substantially reset by an indicator result or statement.

risk event

Australian business confidence indicators and employment-related data.

U.S. 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 normal.

Profit taking should be done frequently before the upper and lower limits of the range.

Losses should be cut when a clear breakout of a milestone is achieved, and should not be prolonged.

checklist

Initial response to material and subsequent retention

Adjustment flow due to weekend factors

Signs of uneven trading or sudden changes near milestones