Sir Pipsalot
Former FPA Special Consultant
- Messages
- 511
Hey folks,
Well, we saw the EUR/USD and GBP/USD trade in a range and stocks rally a bit and consolidate afterwards today. Tomorrow I expect some EU and GU bullishness and think a buy here now around 1.6 to 1.6020 to be a good long on GU, and a buy on the Euro here between 1.4705 and 1.4730 to be nice as well. For SL's I'd use 1.5970 to 90 and 1.4680 to 95. I'm personally looking for 1-1 profits on the first halves and more ambitious targets on the 2nd halves (1.6300? 1.4900's).
In stocks, I think we have a decent chance at seeing some consolidation or small pullback tomorrow, so I chose to take 1/4 profits on my long around 1063 on the futures and 1067 live (about 16 points profit). I'm still optimistic about breaking the 1080 highs over the next week or so, but the rally might need a bit of a break first.
In news Thursday, we saw the BoE really do nothing with their statement and nothing really worth going through on the ECB decision either. In news Friday:
0700 CAD Employment Change (5.0K expected) - This indicator has been the one CAD indictor doing pretty well. Usually it either stalls out after a minute, retraces a bit over an hour or so and reignites later in the NY session, or it will keep trending along for 30-40 minutes without retracing much.
If it comes out at 20K or higher, USD/CAD should fall 40+ pips.
If it comes out at -15K or lower, USD/CAD should rise 40+ pips
Well, we saw the EUR/USD and GBP/USD trade in a range and stocks rally a bit and consolidate afterwards today. Tomorrow I expect some EU and GU bullishness and think a buy here now around 1.6 to 1.6020 to be a good long on GU, and a buy on the Euro here between 1.4705 and 1.4730 to be nice as well. For SL's I'd use 1.5970 to 90 and 1.4680 to 95. I'm personally looking for 1-1 profits on the first halves and more ambitious targets on the 2nd halves (1.6300? 1.4900's).
In stocks, I think we have a decent chance at seeing some consolidation or small pullback tomorrow, so I chose to take 1/4 profits on my long around 1063 on the futures and 1067 live (about 16 points profit). I'm still optimistic about breaking the 1080 highs over the next week or so, but the rally might need a bit of a break first.
In news Thursday, we saw the BoE really do nothing with their statement and nothing really worth going through on the ECB decision either. In news Friday:
0700 CAD Employment Change (5.0K expected) - This indicator has been the one CAD indictor doing pretty well. Usually it either stalls out after a minute, retraces a bit over an hour or so and reignites later in the NY session, or it will keep trending along for 30-40 minutes without retracing much.
If it comes out at 20K or higher, USD/CAD should fall 40+ pips.
If it comes out at -15K or lower, USD/CAD should rise 40+ pips
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