Today’s Trading Plan 07.14.2017 – NZDCAD


*Good morning/afternoon everyone!*

Investors are quietly waiting for the U.S. retail sales report this morning for guidance on where the U.S. dollar should trade next. With U.S. rates down slightly, the greenback is trading slightly lower against most of the major currencies. The best performing currency this morning is the Australian dollar which rose to new year to date highs on the back of a widening yield spread over the U.S. dollar. The New Zealand dollar on the other hand failed to participate in the rally as the June PMI report shows ongoing vulnerabilities in the economy. CAD remains firm while EUR and GBP hold onto recent gains. A lot could change with the U.S. retail sales report so we are weary of taking any major positions before this key event.

*The MAIN THEMES I see today are*


*Trading Biases*

neutral USD, JPY

*Today’s Potential Ideas*

1. Sell NZDCHF a market now 0.7078, Stop at 0.7128, Target 0.7048

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