So i'm back from my long trip to Hong Kong and quite out of touch of the happenings of the FX market.
So i guess today i'm going to have to spend quite a bit of time catching up on my readings of what's been happening. I'm most likely not going to hit any real trades today until i see a serious trend of some sort and i'm super confident about it.
So here's some news readings i've gathered for today:
So we had the Euro stress tests pushing the Eur up on Friday. Looks like the Eur is pushing towards 1.3000.
key levels to watch out for in EUR would be if it pushes past 1.3025/1.3030.
Yen is pushing up as we see alot of demand on the AUD and EUR crosses against the yen. But Yen still looks quite range bound. so i'm going to keep a watch on it.
Cable has pushed up considering all the strong economic data that was out last week. I'm looking at quite a bit of volatility on the cable. so perhaps buying on dips would be a good tactic.
Aussie looks like its heading towards a key resistance level of 0.8970. This may be a good place to look at a trade.
the only economic data worth mentioning for today is the
U.S home sales report at 2.00pm GMT. sales are expected to increase to 317,000 after 300,000 May's sales.
What trades would i be looking for today?
since there isn't any form of economic data for the Aussie, cable and euro.
I will be looking at these charts closely today to see if i can form a trade on these pairs.
No comments:
Post a Comment