Today’s Trades 11.10.2017 – EURUSD, EURGBP, AUDUSD

*Good morning/afternoon everyone!*

We’ve had a quiet start to the last trading day of the week. U.S. yields are trading sharply higher which should coincide with a dollar rally. However so far the move in the greenback has been mild with only relatively meaningful declines in AUD and NZD. Sterling is outperforming euro thanks to stronger industrial production and trade data. Brexit talks are still underway and according to the EU, there will be no announcement today. The University of Michigan Consumer Sentiment index is the only piece of US data on the calendar and the impact should be nominal. Tax reform headlines will continue to drive FX flows. We expect the dollar to extend its gains slightly in the first part of the North American session.

*The MAIN THEMES I see today are*

+USD
-EUR
+GBP
-AUD

*Trading Biases*

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

*Today’s Ideas*

1. Sell AUDUSD at market now .7664, Stop .7692, Target .7634
2. Sell EURGBP at .8852, Stop .8880, Target .8824
3. Sell EURUSD at 1.1643, Stop 1.1671, Target 1.1615

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

Swing

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