Down plummets the Euro! why? Fitch cut Greece's rating from BB+ to B+.
The trend has definitely changed for a lower Euro, but with summer coming up, i'm not sure how long this trend will carry. But for now i'm definitly leaving short orders on the Euro and Cable.
This week in terms of data, we have the GDP prints for Germany, US and UK, so keep a look out for these.
There definitly seems to be a strong bidding interest for the USDJPY, with all the issues propping up for Japan. Looking to buy at any dip!
Market is still short dollar against commodity currencies, i.e Aussie.
Today we did have the Germany PMI and the Europe PMI, which did come out lower and we just saw stops being triggered pushing the Euro lower past 1.3980.
My trades today, well spot is quite low to be entering the Euro or cable so i've left orders at 1.4140 and 1.6200.
I'm trying to figure out if there is an easier way to blog my positions, so that's a mini project i'm working on at the moment.
it's almost the end of the month and summer is here!
The trend has definitely changed for a lower Euro, but with summer coming up, i'm not sure how long this trend will carry. But for now i'm definitly leaving short orders on the Euro and Cable.
This week in terms of data, we have the GDP prints for Germany, US and UK, so keep a look out for these.
There definitly seems to be a strong bidding interest for the USDJPY, with all the issues propping up for Japan. Looking to buy at any dip!
Market is still short dollar against commodity currencies, i.e Aussie.
Today we did have the Germany PMI and the Europe PMI, which did come out lower and we just saw stops being triggered pushing the Euro lower past 1.3980.
My trades today, well spot is quite low to be entering the Euro or cable so i've left orders at 1.4140 and 1.6200.
I'm trying to figure out if there is an easier way to blog my positions, so that's a mini project i'm working on at the moment.
it's almost the end of the month and summer is here!
Happy Trading!
FxTaurian
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