Thursday 6 February 2014

ECB [6th Feb]

ECB 

*ECB LEAVES BENCMARK REFINANCING RATE UNCHANGED AT 0.25PCT
*ECB LEAVES INTEREST RATE ON DEPOSIT FACILITY AT 0.0PCT

The two main headlines to cross the wires at 12:45GMT today. While not a surprise at all, the market reaction was a little mixed.

View, SELLING EUR 1.3600, 1.3700 1.3800 [TP 1.3500]

Tuesday 4 February 2014

GBP [4th Feb]

GBP/USD

Major Trend : BUY [Daily Steady]

Entry

1.6300 [TP 1.6450 Trail to 1.6550~1.6800][SL 1.6250]

Hedge Risk from Buying USD/XXX Pairs for extended period.


Update 12/02/2014

first price target of 1.6550 reached (250 pips) trailing SL to 1.6800

Update 16/02/2014

Second price target 1.6800 reached (250 pips from 1.6550)

Total net 500 pips profit

NZD [4th Feb]

NZD/USD

Major Trend : SELL [Daily Range]

Today NZD trading 180pips higher off the day low as positive 0.5% Employment Changes announced.

Long Term View

RBNZ : “The high exchange rate has been a headwind. The Bank would like to see a lower exchange rate and does not believe the exchange rate is sustainable in the long run.” 
http://www.rbnz.govt.nz/news/2014/5614773.html

Prefer to SELL NZD as correction trend is weakened and exhausting with the fast climb.

Hold SELL positions to break 0.8000 to 0.7700 Target

EUR [4th Feb]

EUR/USD

Major Trend : SELL [Daily]

Current Lvl : 1.3515

Entry Points

1.3600 [TP 1.3500][SL 1.3850]
1.3650 [TP 1.3500][SL 1.3850]
1.3700 [TP 1.3550][SL 1.3850]