Currency Forecast, February 18th 2014

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Currency Forecast, February 18th 2014
Currency Forecast, February 18th 2014

Currency Forecast, February 18th 2014

EURUSD and Gold are still stuck for now, so nothing happened at all.

EURJPY and USDJPY moved both higher, which was kind of surprise, but this should change again soon.

I missed the EURPLN by a few pips, but there will be another chance maybe.

EURTRY and EURHUF are also stuck for now, so another day of earning the carry at least.

Today the ZEW index and tomorrow the inflation data out of USA could be interesting and could move the market at least a bit.

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 1,3715 , USDCHF 0,8915 , EURCHF 1,2230 , USDJPY 102,45 , EURJPY 140,50 , EURHUF 308,60 , USDCAD 1,0960 , EURTRY 2,9940, EURPLN 4,1550, GOLD 1.319,00

EURUSD
(Entry lvl):
Current position: Short 2 @ 1,3690
Target:
Stop lvl:
Last trade:
P/L (ytd): +280 pips

USDJPY
(Entry lvl):
Current position: Flat
Target:
Stop lvl:
Last trade:
P/L (ytd): +170 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):
Current position: Short 2k ounces @ 1300,00
Target:
Stop lvl:
Last trade:
P/L (ytd):

EURPLN
(Entry lvl): Buy 2 @ 4,1400
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