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20 Feb: Mixed markets ahead of US holiday, today. Japan Trade Balance, EU Consumer Confidence in focus.

The dollar was mixed while stocks were initially slightly easier on Friday ahead of the holiday weekend as investors traders booked some profits while waiting on details of Donald Trump’s tax and spending plans although by the end of the session they were more or less back to flat. The main action was seen in Sterling, which tumbled… Read More »

20 Feb: Outlook: US$ pairs

  EURUSD: 1.0609 The Euro traded in heavy fashion on Friday, unable to overcome the offers at 1.0675 and drifted back to finish just above the lows of 1.0605. The momentum indicators are somewhat mixed on Monday and it looks like being a fairly tight session in the absence of the US market but the hourlies are pointing… Read More »

TP on Short EURUSD Order from 15 FEB

Take profit on the short EurUsd position at market: (1.0600) Square up the short Euro position at flat. The short term indicators now seem to point a little higher.