Currency Forecast, February 13th 2014

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Currency Forecast, February 13th 2014
Currency Forecast, February 13th 2014

Currency Forecast, February 13th 2014

USDJPY – the stop was very close as we the low was 101,96, so let’s see if we see now a bigger rebound, after we took out the stops below the figure.

EURUSD, EURJPY: ECB talked yesterday that it could be possible to install negative interest rates in the Euro-area. This moved EURUSD and EURJPY a bit lower, but not low enough in my opinion. A further decline should be soon.

Today the Retail Sales in the USA will be released, which could be important because of the FED’s policy.

EURTRY trades quite well below the 3,0000 level, so I am very happy with that position and it is great to make every day some pips because of the Carry-trade (I receive higher interest rate for my long TRY position than I have to pay for my short EUR position)

Should EURUSD trade at 1,3690 – I like to sell a small amount.
Should Gold trade at 1300,00 – I like to sell 2k ounces.

Good luck,

**relatedarticle**

Current trades, positions and levels:

For info how the model works: The P/L is always calculated with the size of 1. So if the position is 1 and it makes a profit of 100 pips, the P/L would be +100 pips. If the position is 2 and it makes a profit of 100 pips, the P/L would be +200 pips of course – it is always calculated with the position size of 1. The position could go up to 3, in case the system has a strong view.

Current spot: EURUSD 1,3625 , USDCHF 0,8975 , EURCHF 1,2225 , USDJPY 102,10 , EURJPY 139,15 , EURHUF 310,00 , USDCAD 1,0990 , EURTRY 2,9940, GOLD 1.288,00

EURUSD
(Entry lvl):
Current position: Flat
Target:
Stop lvl:
Last trade:
P/L (ytd): +280 pips

USDJPY
(Entry lvl):
Current position: Long 2 @ 101,50
Target:
Stop lvl: Sell 2 @ 101,90
Last trade:
P/L (ytd): +90 pips

EURJPY
(Entry lvl):
Current position: Short 2 @ 139,72
Target:
Stop lvl:
Last trade:
P/L (ytd): +375 Pips

USDCHF
(Entry lvl):
Current position: Flat
Target:
Stop lvl:
Last trade:
P/L (ytd):

EURCHF
(Entry lvl):
Current position: Long 3 @ 1,2265
Target:
Stop lvl:
Last trade:
P/L (ytd):

EURHUF
(Entry lvl):
Current position: Short 3 @ 303,70
Target:
Stop lvl:
Last trade:
P/L (ytd):

USDCAD
(Entry lvl):
Current position: Flat
Target:
Stop lvl:
Last trade:
P/L (ytd): -1146 pips

EURTRY
(Entry lvl):
Current position: Short 2 @ 3,0228
Target:
Stop lvl:
Last trade:
P/L (ytd): +321 pips (without carry P/L)

XAUUSD (Gold)
(Entry lvl): Sell 2k ounces @ 1300,00
Current position: Flat
Target:
Stop lvl:
Last trade:
P/L (ytd):

EURPLN
(Entry lvl):
Current position: Flat
Target:
Stop lvl:
Last trade:
P/L (ytd): +1000 pips

To contact the reporter of this story: Marco Roemer at marco@forexminute.com