4 New Big Trade Orders

***CANCEL ALL PREVIOUS BIG TRADE ORDERS

4 New Big Trade Orders

1. EUR/USD

Place Order to Sell 1 Lot EURUSD at 1.1740

Place Order to Sell 1 More at 1.1980

Stop for ALL at 1.2130

2. USD/JPY

Place Order to Buy 1 Lot USD/JPY at 116.47

Place Order to Buy 1 More Lot at 114.65

Stop for ALL at 112.80

3. EUR/GBP

Place Order to Sell 1 Lot EUR/GBP at 0.7440

Place Order to Sell 1 More Lot at 0.7620

Stop for ALL at 0.7730

4. NZD/USD

Place Order to Sell 1 Lot NZD/USD at 0.6675

Place Order to Sell 1 More at 0.6913

Stop for ALL at 0.7060

Big moves are happening in the financial markets today and they are driven entirely by risk aversion. China failed to “save” the market over the weekend by reducing its reserve requirement ratio and in response, investors liquidated out of all risky positions. However while it may appear that China has moved to the sidelines, given their track record of response we believe that they are planning a “big bazooka” that could turn the markets around. We still like buying U.S. dollars and believe that monetary policy divergence will be a key trade in the second half but markets frequently undershoot and therefore we are placing orders to buy dollars at lower levels. As for the euro, it is driven higher by short covering which could fade as well as markets stabilize.

Swing

Leave a Comment

Your email address will not be published. Required fields are marked *