Today’s highlights:
EUR/USD: Plunge back from head fake above 1.4341 leaves risk through key 1.4038/20 to negate basing effort. Risk then to 1.3655 into June
GBP/USD: Erratic Friday after “inside” Thursday leaves 1.5310 intact and capping. Threat this week through 2011 trend support, now 1.6110, closer to the 200-DMA, 1.5933
AUD/USD: Basing/recovery failure at highlighted 1.0718 hurdle leaves month-end risk to better support, 1.0459/43
Today’s trades:
EUR/USD: Short through 1.4190 for 1.4030; exit to long here (reverse back to short below 1.3992); exit short at 1.4155
USD/JPY: Long at 81.25 for 82.75; stop 80.85
GBP/USD: Reversed long from 1.6106 back to short at 1.6280 for 1.5942; exit above 1.5321
USD/CHF: Flat, re-enter long at .8725 for .9006; exit .8670
AUD/USD: Short at 1.0695 for 1.0450; reverse to long here or to flat above 1.0725 (re-enter short below 1.0385)
NZD/USD: Short at .7965 for .7755; stop/reverse here or above .8006
USD/CAD: Short at .9700 for .9515. Exit above .9805
Credit Suisse
FIXED INCOME RESEARCH & ANALYTICS