Today’s Trades 09.25.2017 – EURUSD, NZDCAD, EURAUD

*Good morning/afternoon everyone!*

The biggest story in the FX market this morning are the unsatisfactory election results in German and New Zealand. While the incumbent in both countries won, Germany failed to achieve the grand coalition they hoped for and in New Zealand, a coalition government is needed. The political dynamics around the world are shifting as assured victories turn into weak wins. The euro and New Zealand dollars were hit hard as result and appear poised for further losses. USD/JPY is up this morning after Japan announced plans to hold a snap election. However today’s move is not supported by yields which are starting the day lower. There was no news out of the UK but the currency also appears positioned for a deeper short term correction. The Australian and Canadian dollars on the other hand are performing better than its peers and could continue to outperform some of the weaker currencies like EUR and NZD

*The MAIN THEMES I see today are*

-EUR
-NZD
+USD
-CHF

*Trading Biases*

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

*Today’s Ideas*

1. Sell EURUSD at 1.1881, Stop at 1.1911, Target 1.1861
2. Sell NZDCAD at market now .8977, Stop at 0.9007, Target 0.8957
3. Sell EURAUD at 1.4928, Stop at 1.4958, Target 1.4908

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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