Short EUR/USD (From 3-Apr to 6-Apr)
AmpGFX – bought to close EUR/USD short (Fri 4/6/2018 6:37 AM MT)
Bought half unit at 1.2248
To close short position
After the payrolls report was net weaker than expected. I may look to enter again, but the trading pattern is still largely sideways and choppy in EUR/USD and prefer to be more cautious at this stage.
Position
Long half unit AUD/NZD at 1.0568; s/l 1.0513; t/p 1.0778
Real-Time AmpGFX – sold EUR/USD (Tue 4/3/2018 9:41 AM MT)
Sold half unit EUR/USD at 1.2268
Comment
EUR price action appears to be leaking lower.
Overall price action remains choppy and range bound so may not look for much and have set a tight stop
I have discussed factors that point to downside risk in the past, falling inflation expectations, ECB tone towards gradualism and concern over EUR strength, ebbing Eurozone economic momentum, wider yield disadvantage.
Risks towards upcoming wages and inflation data in the US are higher.
Eurozone inflation data tomorrow may be a key driver; I have no bias on this data, although with softer economic reports lately, ongoing slack and a strong EUR, I have little reason to expect upside surprise.
Position
Short EUR/USD at 1.2268; s/l 1.2357; t/p 1.2028