Currency Forecast, September 26th 2013

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Currency Forecast, September 26th 2013
Currency Forecast, September 26th 2013

Currency Forecast, September 26th 2013

Nothing has changed from the outlook over the last 24 hours. EURUSD and EURJPY moved again higher a bit because of stop loss hunting. With today’s CPI numbers out of the USA we probably will see a better view afterwards. I expect to see quite a good number, which should give the EURUSD a push lower and USDCHF, USDJPY a push higher.

I would keep the positions for now, though a move in the EURUSD above the 1,3600 level means to close the long USD position.

Until the figures will be released, the market will be very quiet, so let’s wait for the numbers.

Good luck,

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.

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Current spot: EURUSD 1,3510 , USDCHF 0,9105 , EURCHF 1,2300 , USDJPY 99,15 , EURJPY 133,90 , EURHUF 298,80 , USDCAD 1,0280 , GOLD 1.319,00

EURUSD
(Entry lvl):
Current position: Short 3 @ 1,3150
Target:
Stop lvl:
Last trade:
P/L (ytd): -110 pips

USDJPY
(Entry lvl):
Current position: flat
Target:
Stop lvl:
Last trade:
P/L (ytd): +1980 pips

EURJPY
(Entry lvl):
Current position: short 3 @ 132,26
Target:
Stop lvl:
Last trade:
P/L (ytd): +640 pips

USDCHF
(Entry lvl):
Current position: Long 3 @ 0,9366
Target:
Stop lvl:
Last trade:
P/L (ytd): +440 pips

EURCHF
(Entry lvl):
Current position: long 2 @ 1,2300
Target:
Stop lvl:
Last trade:
P/L (ytd): +390 pips

EURHUF
(Entry lvl):
Current position: Short 2 @ 299,90
Target:
Stop lvl:
Last trade:
P/L (ytd): +1560 pips

USDCAD
(Entry lvl):
Current position: flat
Target:
Stop lvl:
Last trade:
P/L (ytd): +500 pips

XAUUSD (Gold)
(Entry lvl):
Current position: flat
Target:
Stop lvl:
Last trade:
P/L (ytd): +238.000 USD

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