*Good morning/afternoon everyone!* The U.S. dollar is trading lower against most of the major currencies this morning as risk appetite improves after yesterday’s brutal selling. Stock futures are up, helping to bolster pairs like EUR/USD and USD/JPY. However as we begin the NY session, the decline in Treasury yields could also tip the scale and push USD/JPY lower. Yen crosses on the other hand will take their cue from stocks today. The currency most vulnerable to weakness is the Canadian dollar because oil prices are down more than 2% after President Trump tweeted that he hopes Saudi Arabia and OPEC will not cut oil production because he thinks oil prices should be much lower based on supply. Despite a softer Eurozone ZEW survey, EUR/USD is trading above 1.1250 on the hope that progress could be made on the Italian budget front. the expectations component of the ZEW surely also increased. The best performing currency this morning is sterling which is up on higher wages (despite a higher unemployment rate) and continued Brexit optimism. On the Brexit front, we are getting closer to a deal but with some counterproductive headlines, traders are still reluctant to overload sterling positions but when an announcement is made, we can almost be assured that there will be a strong followup rally. AUD and NZD are also up from yesterday but having risen strongly in Asian trade, they are mostly consolidating and even weakening slightly. We also have our eyes on the Swiss Franc which appears to be topping below 1.0130. *The MAIN THEMES I see today are* +EUR +CHF -CAD -JPY *Trading Biases* +EUR, +CHF, +GBP, -CAD, -JPY mildly +AUD, +NZD, -USD *Today’s Initial Trades* Here’s the summary – 1. Buy EURCAD at 1.4885, Stop at 1.4857, Target 1.4912 2. Buy EURUSD at 1.1247, Stop at 1.1219, Target 1.1275 3. Buy AUDCAD at .9531, Stop at .9503, target .9559 4. Sell AUDCHF at .7270, Stop at .7298, Target .7242

Swing

*Good morning/afternoon everyone!*

The U.S. dollar is trading lower against most of the major currencies this morning as risk appetite improves after yesterday’s brutal selling. Stock futures are up, helping to bolster pairs like EUR/USD and USD/JPY. However as we begin the NY session, the decline in Treasury yields could also tip the scale and push USD/JPY lower. Yen crosses on the other hand will take their cue from stocks today. The currency most vulnerable to weakness is the Canadian dollar because oil prices are down more than 2% after President Trump tweeted that he hopes Saudi Arabia and OPEC will not cut oil production because he thinks oil prices should be much lower based on supply. Despite a softer Eurozone ZEW survey, EUR/USD is trading above 1.1250 on the hope that progress could be made on the Italian budget front. the expectations component of the ZEW surely also increased. The best performing currency this morning is sterling which is up on higher wages (despite a higher unemployment rate) and continued Brexit optimism. On the Brexit front, we are getting closer to a deal but with some counterproductive headlines, traders are still reluctant to overload sterling positions but when an announcement is made, we can almost be assured that there will be a strong followup rally. AUD and NZD are also up from yesterday but having risen strongly in Asian trade, they are mostly consolidating and even weakening slightly. We also have our eyes on the Swiss Franc which appears to be topping below 1.0130.

*The MAIN THEMES I see today are*

+EUR
+CHF
-CAD
-JPY

*Trading Biases*

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

*Today’s Initial Trades*

Here’s the summary --

1. Buy EURCAD at 1.4885, Stop at 1.4857, Target 1.4912
2. Buy EURUSD at 1.1247, Stop at 1.1219, Target 1.1275
3. Buy AUDCAD at .9531, Stop at .9503, target .9559
4. Sell AUDCHF at .7270, Stop at .7298, Target .7242

What We are Trading Today (April 24, 2017) – USDCHF Trade

Swing

*Good morning/afternoon everyone!*

While the euro remains bid and risk is still on, we have not seen the continuation that we had hoped for after the French election last night. With that in mind, the euro hasn’t pulled back materially yet so the outlook is still positive. We still like AUD, NZD and USDCAD could be a fade again at 1.35

*The MAIN THEMES I see today are*

USDJPY trying to hold 110

EURUSD trying to hold onto gains

GBP weaker

CAD weaker but nearing resistance

AUD and NZD 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 --

-CHF
+AUD
+NZD

*Trading Biases*

These will change after US data

+USDJPY, +AUD, +NZD

-CHF,

neutral GBP, EUR

rally up to and looking to fade 1.35 USDCAD

*Starting Trades*

Pending Order

USDCHF Sell-limit 0.99600
STOP 1.01100
TAKE PROFIT 0.99300

Day Trading Signals March 19 -Today Gains in Chat +70 pips

News

BK NEWS TRADES with our Economic Data Projections   

Videos on How to Trade our 3 BK News Strategies 

How To Trade AJAX

How To Trade Crowd Fighter

How To Trade C -- Trade 

BK Day Trading Chat Room Results 3/18/2015 +35

NZDJPY+10

EURUSD+25
GBPUSD+30
NZDUSD+5

Want to join us? email [email protected] with subject line “Slack”

  

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  ****NOTE we are going to trade C-Trade and Crowdfighter on 15 Minute rather than 5 minute delay on all pairs today***

  

No Trades 3/19

  

  

Date Currency
Event
GMT Strategy

 

  

Last 24 hours Results
Crowd Fighter 
No trade 

 
C-Trade
USD/JPY +10

 

  

CALENDAR CALLS

Here’s what we are looking for in tomorrow’s economic reports (March 19, 2015) -- Good Luck Trading!

1. NZD Q4 GDP (5:45pm NY Time) Bullish NZD — Potential upside surprise given stronger trade and retail sales activity

2. SNB Rate Decision (4:30am NY Time) No Trade -- Could be very market moving but rate decisions are hard to predict

3. US Current Account Balance (8:30am NY Time) Bearish USD -- Potential downside surprise given weaker trade activity

4. US Philadelphia Fed Index (10am NY Time) Bearish USD -- Potential downside surprise given weaker Empire State manufacturing index