You have no items in your cart.
*Good morning/afternoon everyone!*
It is FOMC day and the U.S. dollar is trading lower against all of the major currencies on the back of profit taking. This is the big day for the greenback as the market awaits a major announcement on the balance sheet and a speech from Janet Yellen. We’ll be LIVE TRADING both events with you starting at 1:45PM NY / 17:45 GMT. The UK’s retail sales report was much stronger than expected this morning but the data did not have a lasting impact on the currency, which unwound its gains quickly, backing off its high of 1.3600. The commodity currencies are strong, led by gains in NZD which benefitted from a poll that shows the ruling National Party regaining lead. The euro is hanging out near 1.20 and should trickle higher if profit taking in the dollar continues.
*The MAIN THEMES I see today are*
+EUR, +CAD, +AUD, +NZD, +GBP
neutral CHF, JPY
1. Buy EURUSD at 1.2001, Stop 1.1971, Target 1.2021
2. Sell EURGBP at 0.8867, Stop at 0.8896, Target 0.8847
3. Bought GBPUSD at 1.3534, Stop at 1.3510, Target 1.3554
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