FX Update

FX Trend Snagger Update: 2012-11-23_late

John J HardyJohn J Hardy , Head of FX Strategy, Saxo Bank
Filed in FX Update
Slovenia, 23 November 2012 at 19:40 GMT+0
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News - see also PDF attached to this post for fill details, etc.
-> GBPUSD position stopped out at lowered stop, AUDNZD close to stop-out
-> Model goes long 2 units AUDUSD at today's close
-> EURUSD hovering near buy signal - we buy 1 unit now and wait for Monday on rest
-> EURJPY and GBPJPY longs awaiting entry into profit-taking zone

Additional explanation for EURUSD - the long position trigger was barely triggered and we have key event risks this weekend and on Monday for Europe, so we'll wait for Monday's session before possibly adding another long unit - also because we just added another full USD short position with the AUDUSD short today.

Documents

TrendSnagger_2012_11_23_PM.pdf

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Disclaimer

Saxo Bank provides an execution-only service. The material on this website does not contain (and should not be construed as containing) investment advice or an investment recommendation, or a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Saxo Bank accepts no responsibility for any use that may be made of these comments and for any consequences that result.

Please read our full disclaimers:
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