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Welcome to the new trading week. Good fortune and a super week to all .
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Welcome to the new week folks.
A very slow start it is too.
nothing much new to rock markets so far. The themes from Friday still in play. Will we get tariffs today? Will we get more Brexit news? Will Theresa May do some more dancing?
I decided to keep my positions on over the weekend.
EURUSD short from 1.1720 was greatly reduced anyway and my USDJPY short from 111.95/98 is in the game. EURUSD I’m just going to let run and see what I can get while trailing the stop down. 1.1590/1.1600 is where I’m expecting it to face trouble. 1.1620 is playing up as it did Friday so that marks the first support.
USDJPY I’m still looking to get under 80 but it’s still moving very slowly.
Keep an eye on the final Eurozone HICP numbers today. There shouldn’t be much change but as we saw with US CPI last week, any big difference can shake the tree up a bit.
Only a few small trades leftover from last week going into today.
Shorts in EURUSD, EURNZD, EURAUD.EURJPY. I closed a big part of the positions Friday.
Waiting to see if I get an opportunity to add back today or close . It’s been a muted start to the day so far and there’s nothing in particular that I have my eye on yet in this session. There’s a big option rolling off in AUDUSD tomorrow at the big fig 0.7100 that could find some downward drift between now and the Tues. NY cut.
Looking to buy JPY if US stock markets tumble this week. CHFJPY is testing 200WMA (@116), placed a sell order around there with tight stop.