Intraday trading - page 14

 
Mon
Jun 28
1:50am JPY
Retail Sales y/y
2.8%
4.7%
4.9%
5:00am NZD
NBNZ Business Confidence
40.2

48.2
All Day EUR
German Prelim CPI m/m

0.1%
0.1%
10:00am EUR
M3 Money Supply y/y

0.2%
-0.1%
10:00am EUR
Private Loans y/y

0.2%
0.1%
2:30pm USD
Core PCE Price Index m/m

0.1%
0.1%
2:30pm USD
Personal Spending m/m

0.1%
0.0%
2:30pm USD
Personal Income m/m

0.5%
0.4%
6:00pm EUR
Buba President Weber Speaks




6:45pm USD
FOMC Member Warsh Speaks

 
Sostratos FX Daily Strategy: Sell EURUSD: Entry: 1.2386, Target: 1.2286, Stop Loss: 1.2406
 

Sostratos FX Daily Strategy: Buy AUDUSD: Entry: 0.87140, Goal: 0.88190, Stop Loss: 0.86790

Sostratos FX Daily Strategy: Buy GBPUSD: Entry: 1.50130, Aim: 1.51580, Stop Loss: 1.49780

 

It looks like it should still go down...


 
"The euro declined on Monday amid growing fears over financial system tensions ahead of a large loan repayment from the European Central Bank. Banks are due to pay ECB annual loans worth €442bn on Thursday, and some investors fear liquidity shortages. The euro fell to an all-time low against the Swiss franc and the lowest level against the British pound in 19 months in trading in New York. Nevertheless, many analysts expect that a large part of the loans due on July 1 will be turned into three-month loans, which will help the system avoid significant problems. The outcome of the G20 summit gave investors little reason to open large short-term positions. Uncertainty ahead of the US monthly employment data release and the position correction that precedes each quarterly close led to cautious trading in the US dollar and Japanese yen. The pound, on the other hand, rose against the euro and the dollar shortly after Bank of England Monetary Policy Committee member Andrew Sentence said that UK interest rates should start to rise gradually. The euro/pound pair fell to a 19-month low of 0.8161 on EBS, while the pound/dollar pair hit a two-month high of 1.5118. The UK's tight budget, which was unveiled last week, also provided support for the pound, analysts said. Late Monday morning on EBS, the euro/dollar pair traded at 1.2331 versus 1.2388 on Friday night, the dollar/yen pair was at 89.30 versus 89.26 and the euro/yen pair was at 110.05 versus 110.56. The pound/dollar pair traded at 1.5113 against 1.5062 and the dollar/franc pair was at 1.0862 against 1.0927. The ICE dollar index, which reflects the value of the US currency against a trade-weighted basket of other currencies, was 85.434 against 85.270 on Friday night."
 
Sostratos FX Daily Strategy: Sell EURUSD: Entry: 1.23020, Target: 1.21370, Stop Loss: 1.23270
 

Sostratos FX Daily Strategy: Sell AUDUSD: Entry: 0.86870, Target: 0.85520, Stop Loss: 0.87220

Sostratos FX Daily Strategy: Sell EURUSD: Entry: 1.22870, Target: 1.21770, Stop Loss: 1.23420

 
Sostratos FX Daily Strategy: Buy GBPUSD: Entry: 1.50640, Target: 1.51590, Stop Loss: 1.50240
 
Tue
Jun 29
12:45am NZD
Building Consents m/m
-9.6%

8.5%
1:30am JPY
Household Spending y/y
-0.7%
0.4%
-0.7%
1:30am JPY
Unemployment Rate
5.2%
5.0%
5.1%
1:50am JPY
Prelim Industrial Production m/m
-0.1%
0.1%
1.3%
8:00am CHF
UBS Consumption Indicator
1.74

1.73
10:30am GBP
Net Lending to Individuals m/m

0.9B
0.4B
10:30am GBP
Final Mortgage Approvals

52K
51K
2:30pm CAD
RMPI m/m

-0.3%
1.7%
2:30pm CAD
IPPI m/m

0.3%
0.3%
3:00pm USD
S&P/CS Composite-20 HPI y/y

3.5%
2.3%
4:00pm USD
CB Consumer Confidence

62.8
63.3
 

On the euro, a correction is possible...


Reason: