Updates to Watchlist for Tuesday, June 29, 2010
Wowee….you Euro session traders must have made BANK!! Looks like risk aversion on poor equities and slowing of China’s growth seems to have injected JPY and USD strength.
Many of the moves are very impulsive.
Here’s what I’m watching today:
The EURUSD seems headed back to 1.2060 and has triggered a double top on the 4h chart.
The GBPUSD seems primed for a pullback, to at least 1.4950 if not 1.4860.
The NZDUSD 4h chart has triggered a breakout of the 800sma consolidation area, but I missed the trigger, so I’ll be waiting for a pullback.
What are you watching/trading today?
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eur/chf also looks good short .. pt at 3154 and 3074 IMOH ;o)
Oh and I am in on the gbp trade ;o)
The ADP Non-Farm Employment Change today for the US came out badly, this is a good leading indicator as to the health of the upcoming NFP, so jobs are not so great this week … I also think it is time for the USDCAD to go very long, any thoughts anyone ?