Currency Forecast, January 10th 2013

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Currency Forecast, January 10th 2013
Currency Forecast, January 10th 2013

Currency Forecast, January 10th 2013

Today is the first big day of this year with the Non-farm payrolls which will be released this afternoon.

It could be the case that the number will be a bit worse due to the bad weather in the USA.

Until this number will be released, I expect a very quiet market. The ECB has not surprised yesterday and as expected the market has not moved at all after the ECB press conference.

Also, the Canadian unemployment figures are very interesting this afternoon, as it will show, if I was right with the USDCAD position or not. I think Canada is in a very good shape and the numbers there should be good ones.

I like to buy some EURCHF below 1,2250

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 1,3605 , USDCHF 0,9075 , EURCHF 1,2345 , USDJPY 104,90 , EURJPY 142,75 , EURHUF 299,30 , USDCAD 1,0845 , EURTRY 2,9680, GOLD 1.234,00

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

USDJPY
(Entry lvl):
Current position: Short 1 @ 105,30
Target:
Stop lvl:
Last trade:
P/L (ytd):

EURJPY
(Entry lvl):
Current position: Short 1 @ 142,85
Target:
Stop lvl:
Last trade:
P/L (ytd): +255 Pips

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

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

EURHUF
(Entry lvl):
Current position: Short 2 @ 299,90
Target:
Stop lvl:
Last trade:
P/L (ytd):

USDCAD
(Entry lvl):
Current position: Short 3 @ 1,0718
Target:
Stop lvl:
Last trade:
P/L (ytd):

EURTRY
(Entry lvl):
Current position: Short 2 @ 2,9580
Target:
Stop lvl:
Last trade:
P/L (ytd):

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

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