Currency Forecast, January 8th 2013

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Currency Forecast, January 8th 2013
Currency Forecast, January 8th 2013

Currency Forecast, January 8th 2013

EURJPY traded higher again, but a touch too low that I could sell some (143,17 was the high).

I sold another USDCAD, as the current level is way too high in comparison to what the AUDUSD for example made.

That’s for now all I do, as the rest of the currencies are trading within their ranges.
Today evening there are the FED’s minutes and maybe we get some new news from there.

EURHUF and EURTRY are fine for now and every day of keeping the position is a good day, as the interest difference is running for the position (though I don’t include it in the P/L).

I like to buy some EURCHF below 1,2250
I like to resell some EURJPY above 143,30

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 0,9100 , EURCHF 1,2380 , USDJPY 104,90 , EURJPY 142,75 , EURHUF 300,10 , USDCAD 1,0815 , EURTRY 2,9610, GOLD 1.226,00

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: Flat
Target:
Stop lvl:
Last trade: Bought 1 @ 142,30
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: Sold 1 @ 1,0815
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