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Today’s Trades 12.15.2017 – EURUSD, EURAUD, CADCHF
*Good morning/afternoon everyone!*
With no major economic reports on the calendar today, it should be a calmer, more subdued trading session compared to the past few days which have been marked by rate decisions and key releases. The EU Summit is the only big focus and while they are widely expected to vote to move to the second phase of Brexit negotiations, GBP traders are not impressed. The U.S. dollar is trading lower against most of the major currencies but the moves have been limited. The New Zealand dollar is the best performer, charging to a 1 month high on the back of stronger manufacturing activity. The euro is doing its best to hold above 1.18 while AUD and NZD are struggling to maintain their latest gains.
*The MAIN THEMES I see today are*
-USD, -GBP, -AUD, -CHF
+EUR, +NZD, +JPY
*Today’s Initial Trades*
1. Buy EURUSD at market now 1.1803, Stop at 1.1775, Target 1.1832
2. Buy EURAUD at 1.5377, Stop at 1.5349, Target 1.5405
3. Sell CADCHF at .7743, stop at .7771, Target .7715
Close ALL open day trades by 10:20AM NY / 15:20 GMT