Today’s Trades 09.19.2017

*Good morning/afternoon everyone!*

U.S. yields are finally tipping lower after days of strong gains and for that reason, the U.S. dollar is weaker across the board this morning. With less than 24 hours to go before FOMC, there’s scope for further losses in USD/JPY as investors take profits ahead of the big event. EUR/USD hit 1.20 this morning and has since backed off this key level after sources say the ECB may put off their taper decision until December as concerns about the euro divide the governing council. Most of this morning’s moves were driven by yen cross buying but with U.S. and European yields also pointing lower, we could see profit taking in those pairs as well. Commodity currencies are outperforming with NZD leading the gains. We expect CAD to gain some traction with oil prices rising and Canadian yields flat.

*The MAIN THEMES I see today are*

+EUR
+CAD
+AUD
+NZD
-USD
neutral GBP

*Trading Biases*

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

*Today’s Ideas*
1. Sell EURUSD at 1.1970, Stop at 1.2000, Target 1.1950
2. Sold EURJPY at 133.43, Stop 30, Target 20

Cancel ALL pending orders by 3:30PM NY / 19:30 GMT / 5:30AM AEST
Close ALL open day trades by 4PM NY / 20 GMT / 6AM AEST

https://attendee.gotowebinar.com/register/8466267406414888962

Swing

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