4 New Orders Ahead of RBNZ and AU Employment

Swing Top 5

Tonight is a BUSY one for the Australian and New Zealand dollars with the RBNZ rate decision and Australian employment report scheduled for release. Many of the major currencies are at key levels and these event risks could drive it beyond those rates. To take advantage of the potential volatility, we are laying out the following new pending orders. Please remember we are STILL long EUR/CHF but since it already hit T1, we can allow for 2 additional open trades before canceling the rest.

Place the following pending orders:

1. Place order to Sell NZD/CAD at 0.8977
Stop at 0.9037
Close 1/2 at 0.8947, move stop to breakeven
Close rest at 0.8825

2. Place order to Buy NZD/CHF at 0.7782
Stop at 0.7722
Close 1/2 at 0.7812, move stop to breakeven
Close rest at 0.7925

3. Place order to Buy EUR/AUD at 1.4228
Stop at 1.4168
Close 1/2 at 1.4258, move stop to breakeven
Close rest at 1.4450

4. Place order to Sell EUR/USD at 1.2835
Stop at 1.2895
Close 1/2 at 1.2805, move stop to breakeven
Close rest at 1.2675

***Remember, if 2 orders trigger without one hitting T1 first, all other orders are canceled

BKSWING – Important! Adjusting Trades ahead of AU Employ and ECB

Swing

We are adjusting trades ahead of Australian employment and ECB Rate Decision


***CANCEL the following orders

1. CANCEL AUD/NZD Sell order at 1.0883

2. CANCEL GBP/NZD Sell Order at 1.9718

3. CANCEL EUR/NZD Sell order at 1.5656

Add the following NEW EUR/JPY and EUR/AUD Orders:

1. Sell EUR/JPY at 135.91

Stop at 136.51

Close 1/2 at 135.61, move stop to breakeven

Close rest at 134.25

2. Sell EUR/AUD at 1.4187

Stop at 1.4247

Close 1/2 at 1.4157, move stop to breakeven

Close rest at 1.4067

We still have the following pending orders on:

1. Buy GBP/USD at 1.6947

Stop at 1.6887

Close 1/2 at 1.6977, move stop to breakeven

Close rest at 1.7050

2. Buy EUR/GBP at 0.8060

Stop at 0.8000

Close 1/2 at 0.8090, move stop to breakeven

Close rest at 0.8150

3. Sell NZD/USD at 0.8373

Stop at 0.8433

Close 1/2 at 0.8343, move stop to breakeven

Close rest at 0.8210

4. Sell AUD/USD at 0.9175

Stop at 0.9235

Close 1/2 at 0.9145, move stop to breakeven

Close rest at 0.9015

5. Buy AUD/NZD at 1.1075

Stop at 1.1015

Close 1/2 at 1.1105, move stop to breakeven

Close rest at 1.1200

***Remember, if 2 orders trigger without one hitting T1 first, all other orders are canceled

BKSWING – New AUD and NZD Trades ahead of RBNZ, AU Employment

Swing

We’ve got less than 24 hours to go before this week’s most important event risk – the RBNZ rate decision. The RBNZ is widely expected to raise interest rates but they have every reason to keep them unchanged if they choose to do so. Between their decision on what to do with interest rates this month and forward guidance, NZD should have an unusually large reaction to the monetary policy announcement. We are laying out a few NZD orders to take advantage of that opportunity. At the same time, Australian employment is also one of this week’s top reports and the state of the labor market will play a big role in whether the currency fails at or takes out its year to date high.

***Remember, if 2 orders trigger without one hitting T1 first, all other orders are canceled

New Pending Orders

1. Sell EUR/NZD at 1.5738

Stop at 1.5798

Close 1/2 at 1.5708, move stop to breakeven

Close rest at 1.5595

2. Buy NZD/USD at 0.8650

Stop at 0.8590

Close 1/2 at 0.8680, move stop to breakeven

Close rest at 0.8775

3. Buy GBP/NZD at 1.9710

Stop at 1.9650

Close 1/2 at 1.9740, move stop to breakeven

Close rest at 1.9900

4. Buy GBP/AUD at 1.7962

Stop at 1.7902

Close 1/2 at 1.7992, move stop to breakeven

Close rest at 1.8150

5. Buy AUD/NZD at 1.1067

Stop at 1.1007

Close 1/2 at 1.1097, move stop to breakeven

Close rest at 1.1200

We still have the following pending orders:

1. Sell GBP/JPY at 170.77

Stop at 171.37

Close 1/2 at 170.47, move stop to breakeven

Close rest at 169.57

2. Sell EUR/JPY at 137.77

Stop at 138.37

Close 1/2 at 137.47, move stop to breakeven

Close rest at 136.27

3. Sell EUR/GBP at 0.8044

Stop at 0.8104

Close 1/2 at 0.8014, move stop to breakeven

Close rest at 0.7950

***Remember, if 2 orders trigger without one hitting T1 first, all other orders are canceled