Today’s Trades 03.27.2018 – EURUSD, USDCAD, AUDJPY

*Good morning/afternoon everyone!*

The U.S. dollar is trading higher this morning against all of the major currencies as the greenback recuperates from last week’s losses. Global equities also followed the move in U.S. stocks and this morning, Dow futures are pointing to a positive open. Sterling is under the greatest pressure, falling on the back of month end profit taking flows. EUR/USD broke through 1.2400 on the back of softer Eurozone confidence numbers but hasn’t extended its losses YET. USD/CAD is pressing higher despite an uptick in oil prices while the Australian dollar follows gold prices lower. Last night’s Fed comments did not have a significant impact on the dollar though both Mester and Quarles remain optimistic about the outlook for the economy and rate hikes. Looking ahead, US housing data and consumer confidence numbers are scheduled for release. In this otherwise quiet week, confidence data could have a larger than unusual impact on FX trade.

*The MAIN THEMES I see today are*

-EUR
-GBP
-CAD
-AUD
+USD

*Trading Biases*

-EUR, -GBP, -CAD, -CHF, -AUD
+USD, +JPY
mildly -NZD

*Today’s Initial Trades*

Here’s the summary --

1. Sell AUDJPY at 81.59, Stop at 81.87, Target 81.31
2. Sell EURUSD at 1.2412, Stop at 1.2440, Target 1.2384
3. Sell EURJPY at 131.12, Stop at 131.40, Target 130.84

Close ALL open day trades by 10:20AM NY / 15:20 GMT

Swing

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