Short EUR/USD ( 25 to 28 Sep)

Stop loss lowered on 26 Sep to 1,1843

Stop loss lowered on 27 Sep to 1.1778

closed on stop on 28 Sep (in profit)


Real Time AmpGFX – sold EUR/USD (Mon 9/25/2017 2:15 PM MDT)

Sold half unit EUR/USD at 1.1846; s/l 1.1947; t/p 1.1683

Comment

USD more generally looking a bit more supported against EM, commodity currencies, and EUR.  The market is feeling a bit full on equities, full in EM and full on EUR.

German election result generates a bit of political uncertainty, Catalan/Spanish independence pressure rising again,  Thoughts about Italian election next year coming into the discussion.

German yields down relative to the US somewhat, Spanish and Italian government spreads a bit wider vs. bunds,  US IG corporate risk up a bit vs. the US.

Draghi comments in parliament reiterate the patient and persistent rhetoric and talks about the EUR as a risk to the inflation outlook.

Positions

Short half unit AUD/USD at 0.7929; s/l 0.8017; t/p 0.7840

Short half unit EUR/USD at 1.1846; s/l 1.1947; t/p 1.1683



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Greg Gibbs,
Founder, Analyst and PM
Amplifying Global FX Capital Pty Ltd