It's a new week! and we have an extremely low Euro!!
we've seen some serious dollar strength lately and alot of long Euro, Cable and USDJPY positions been taken off. To top it off, we heard of IMF managing director Strauss-Kahn being arrested on saturday in New York and charges with several sexual assault offences. Doesn't look too good for the Euro to be honest!!
the Yen has been struggling to rally against the USD even though the dollar strength is quite significant. Seems like JPY strength is playing through on the crosses end as EURJPY and GBPJPY trade lower.
We do have some data to look out for today!!
Tomorrow is a public holiday for me as it's Vesak day ( Buddha's Birthday), so i'm going to be chilling by the pool and sipping a few mojitos tomorrow!
Data Today
EUR CPI - 9am GMT
EUR trade balance - 9am GMT
US empire state manufacturing - 12.30pm GMT
US TIC long-term purchases - 1pm GMT
we've seen some serious dollar strength lately and alot of long Euro, Cable and USDJPY positions been taken off. To top it off, we heard of IMF managing director Strauss-Kahn being arrested on saturday in New York and charges with several sexual assault offences. Doesn't look too good for the Euro to be honest!!
the Yen has been struggling to rally against the USD even though the dollar strength is quite significant. Seems like JPY strength is playing through on the crosses end as EURJPY and GBPJPY trade lower.
We do have some data to look out for today!!
Tomorrow is a public holiday for me as it's Vesak day ( Buddha's Birthday), so i'm going to be chilling by the pool and sipping a few mojitos tomorrow!
Data Today
EUR CPI - 9am GMT
EUR trade balance - 9am GMT
US empire state manufacturing - 12.30pm GMT
US TIC long-term purchases - 1pm GMT
Happy Trading!
FxTaurian
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