New Big Trade Orders for 08.31.2015 – Cancel Previous Orders

** CANCEL ALL PREVIOUS ORDERS -- Here are the NEW ORDERS for this WEEK

4 New Big Trade Orders

1. EUR/JPY

Place Order to Sell 1 Lot EURJPY 137.03

Place Order to Sell 1 More at 139.15

Stop for ALL at 140.60

2. EUR/USD

Place Order to Sell 1 Lot EURUSD at 1.1403

Place Order to Sell 1 More at 1.1570

Stop for ALL at 1.1760

3. USD/JPY

Place Order to Buy 1 Lot USD/JPY at 119.93

Place Order to Buy 1 More Lot at 117.70

Stop for ALL at 116.00

4. EUR/GBP

Place Order to Sell 1 Lot EUR/GBP at 0.7440

Place Order to Sell 1 More Lot at 0.7620

Stop for ALL at 0.7730

The capitulation is over and we do not believe currencies will revisit last week’s highs and lows. The 2 main event risks this week are the ECB rate decision and non-farm payrolls. Given the volatility / uncertainty in China, we are looking for a cautious tone from Mario Draghi as well as lower inflation and growth forecasts. At the same time, expectations for September tightening have fallen significantly and we fear that Friday’s non-farm payrolls report may not be strong enough to convince investors that the Fed will raise rates next month. We are still looking for 2015 tightening but September will be a close call and the uncertainty could lead to additional profit taking in the greenback that could trigger our entry levels.

Weekly Calendar Calls

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