New Orders for 03.10.14 EUR/USD, GBP/USD, EUR/JPY, NZD/JPY


New Orders for 03.10.14 – There are no major U.S. economic reports scheduled for release until Thursday but the recent weakness in Japanese data and strength in New Zealand data makes the Bank of Japan and Reserve Bank of New Zealand rate decisions potential market movers this week. There’s small but reasonable chance that the BoJ could increase stimulus and the RBNZ is widely expected to raise interest rates. There’s also Euro and UK data scheduled for release Tues so we are also laying on EUR/USD and GBP/USD orders to take advantage of those opportunities.

1. Place Order to Buy EUR/USD at 1.3927

Stop 1.3867

Close half at 1.3957 move stop to b/e

Close rest at 1.4075

2. Place Order to Sell GBP/USD at 1.6572

Stop 1.6632

Close half at 1.6542 move stop to b/e

Close rest at 1.6425

3. Place Order to Buy EUR/JPY at 144.22

Stop 143.22

Close half at 144.62 move stop to b/e

Close rest at 145.22

4. Place Order to Buy NZD/JPY at 88.27

Stop 87.67

Close half at 88.57 move stop to b/e

Close rest at 89.75

New Policy: Keep all orders on until canceled. We will allow for 2 live trades at a time