Trading Strategies Today:
Long EUR/USD - Buy around 1.2100 with a stop at 1.2040 offered and a target of 1.2330
Long EUR/GBP - Buy below 0.6600 with stop at 0.6555 and target of 0.6700
Short USD/CHF - Sell above 1.2450 with a stop at 1.2550 and a target of 1.2200
Long AUD/USD - Buy below 0. 6900 with a stop at 0..6815 and a target of 0.7050
Economic Data Today: Nothing of interest
Important Data this week:
Tuesday: ZEW (Germany and EU), Trade Balance (Switz.)
Wednesday: Trade Balance (Japan), BOE Minutes (UK)
Thursday: Current Account (NZ), Durable Goods (US)
Friday: CPI (Japan), IFO (Germany), Michigan Confidence (US), Retail Sales (Canada)
John J. Hardy
Saxo Bank Market Strategist
Gruss