Currency Forecast, February 19th 2014

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Currency Forecast, February 19th 2014
Currency Forecast, February 19th 2014

Currency Forecast, February 19th 2014

The crisis in the Ukraine and the murdered people there caused some volatility in the Emerging Market. EURTRY and EURHUF moved a bit higher on that and I would like to use the opportunity again and sell EURTRY, should we see it trading at 3,0500.

I would have expected that also EURJPY should move lower due to those news, but maybe we will see this move today.

Today the inflation data will be released out of the USA, which could give some better outlook about the easing policy of the FED.

Most important thing for now is to watch the situation in the Ukraine.

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 1,3755 , USDCHF 0,8875 , EURCHF 1,2210 , USDJPY 102,05 , EURJPY 140,45 , EURHUF 312,60 , USDCAD 1,0930 , EURTRY 3,0180, EURPLN 4,1605, 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): Sell 1 @ 3,0500
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