Today’s Trading Plan 08.03.2017 – CADCHF, AUDNZD


*Good morning/afternoon everyone!*

This morning is all about the Bank of England’s monetary policy meeting and their Quarterly inflation report. Stronger service and composite PMI indices is helping GBP retain a bid into the rate decision. With that in mind, we can’t ignore the fact that the commodity currencies are finally showing some significant signs of a top. The U.S. dollar is also consolidating ahead of the ISM non-manufacturing report while the euro is resilient despite downward revision to PMIs thanks in part to hot retail sales.

We’ll be live trading BoE starting 6:45AM NY / 10:45 GMT / 8:45PM AEST. See you there

*The MAIN THEMES I see today are*


*Trading Biases*

neutral GBP till after data

*Today’s Potential Ideas*

1. Sell AUDNZD at market now 1.0700, Stop at 1.0740, Target 1.0670
2. Buy CADCHF at market now 0.7700, Stop 0.7660, Target 0.7720

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