Today’s Trading Plan 08.22.2017 – EURCHF, GBPUSD, NZDUSD

*Good morning/afternoon everyone!*

The U.S. dollar is trading higher against all of the major currencies this morning. We’re getting closer to Fed Summit at Jackson Hole and traders are unwinding their short positions. At the same time dollar bulls are encouraged by the lack of fresh antagonism from North Korea and inflammatory comments from President Trump during his rally last night. U.S. rates are up, providing further support to the greenback. The weaker than expected German ZEW survey pressured the euro lower and sterling is following suit, dropping below 1.2850. The worst performer is the New Zealand dollar, but outside of the RBNZ’s outlook, there’s no specific catalyst for the move. Canadian retail sales are scheduled for release this evening – we believe the data will be weaker given the drop in wholesale sales and if thats true, it could extend the recovery for USD/CAD.

*The MAIN THEMES I see today are*


*Trading Biases*

neutral CAD, CHF

*Today’s Ideas*

1. Sell EURCHF at market now 1.1350, Stop 1.1390, Target 1.1330
2. Sell GBPUSD at market now 1.2830, Stop 1.2879, Target 1.2810
3. Sell NZDUSD at market now 0.7284, Stop at .7324, Target 0.7264

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

Monday -39
Tues +40
Wed -18
Thurs -4
Friday +45

Total +22


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