Today’s Trading Plan for 05.15.2017 – EUR/GBP, USD/CHF, USD/JPY

*Good morning/afternoon everyone!*

The U.S. dollar is trading lower against all of the major currencies this morning as investors continued to sell the greenback following last week’s disappointing retail sales and inflation reports. Expectations for Fed tightening got ahead of themselves and the lack of support from 2 very important pieces of U.S.. data has turned 114.35 into a near term for USD/JPY. A return to 113 appears likely unless U.S. rates suddenly gain traction. The euro is eyeing 1.10 again, USD/CAD has peaked for the time being, GBP is up as well but struggling to extend its gains after a dovish BoE. AUD and NZD were driven higher as investors shrugged off mixed local and Chinese data.

*The MAIN THEMES I see today are*

USD weakness
EUR strength
CAD strength
CHF strength

*Currencies we plan on day trading and the direction*
*These could change during the day, but for now

We will be trading around these themes --

+EUR
-USD
+CHF
+CAD

*Trading Biases*
These will change after US data

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

:triangular_flag_on_post: *Starting Trades*

OPENED AT MARKET USDCHF Sell
ENTRY -- 0.99797
STOP -- 1.00303
TAKE PROFIT -- 0.99503

OPENED AT MARKET EURGBP Buy
ENTRY -- 0.84822
STOP -- 0.84322
TAKE PROFIT -- 0.85122

OPENED AT MARKET USDJPY Sell
ENTRY -- 113.435
STOP -- 113.935
TAKE PROFIT -- 113.135

Swing

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