Today’s Trading Plan 08.17.2017 – EURUSD, AUDUSD, AUDJPY

*Good morning/afternoon everyone!*

Outside of the sharp sell-off in the euro, there’s been very little action in the FX market overnight. The U.S. dollar is steadying after sharp losses yesterday and for the time being holds 110 versus the Yen. Yet the Yen’s losses are limited to the greenback as Japan’s larger than expected trade surplus sent the currency higher vs. EUR, GBP, AUD and other majors. Last night’s Australian labor market numbers were mixed. Stronger net job growth and a lower unemployment rate was offset by fewer full time jobs. AUD initially traded higher after the report but the rally fizzled. GBP also shook off better than expected retail sales data as the previous number was revised lower.

*The MAIN THEMES I see today are*


*Trading Biases*


*Today’s Potential Ideas*

1. Sell AUDJPY at market now 87.25, Stop at 87.65, Target 87.05
2. Sell AUDUSD at 0.7919, Stop at 0.7959, Target 0.7899
3. Sell EURUSD at market now 1.1680, Stop 1.1720, Target 1.1660

Cancel ALL pending orders by 3:30PM NY / 19:30 GMT / 5:30AM AEST
Close ALL open day trades by 4PM NY / 20 GMT / 6AM AEST


Leave a Comment

Your email address will not be published. Required fields are marked *