Fundamentals and Sentiment – New Information (Economic Calendar)
Risk on today.
Tuesday – RBA Governor Stevens says recent data shows the economy picking up at the turn of the year. UK CPI y/y misses at 0.3% vs expectation of 0.4%. German ZEW Economic Sentiment misses at 4.3 vs expectation of 6.3. Anything above 0 is optimistic.
Fundamentals and Sentiment – Market Reaction
Vix is safely below 15. Equities are mixed and flatish. Oil down and commodities flat. USD index up for third consecutive day. JPY flat, CAD and AUD are up and NZD down.
Fundamentals and Sentiment – Financial Media
The media is full of the Brussels attacks.[mepr-hide if=”loggedin”]
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GBPUSD – I placed a pending short at yesterday’s low. Stop 100 pips above. Triggered today and in profit. Stop to breakeven. 1% risk.
I also placed a pending stop at yesterday’s low in GBPNZD. Stop just above the high 215 pips above. 0.5% risk. Triggered today. Stop to breakeven.
2. JPY Weakness
Pending long at Monday’s high. 1% risk. Stop 140 pips below recent low. Triggered today.
3. The FTSE100
Moved outside triange today but currently back inside. Monitor at 10pm.
Pending long at MOnday’s high triggered today. Stop 115 pips below. 1% risk. Currently negative.
The EURUSD trade is working but I was not confident enough to take it.
USD Crude oil inventories and NZ Trade Balance.
Your video is below (the detail on the trading plan starts at 2:05).[fwduvp preset_id=”8″ playlist_id=”75″] [/mepr-show]