Forex Analyst Picks & Strategies for
Next Release is at 08:00 EST
My Picks: Long USD vs. EUR, CHF, AUD
Expertise: Global macro
Average Time Frame of Trades: 1 week - 6 months
I remain long the US Dollar against the Aussie, the Euro and the Swiss Franc as the ECB TLTRO launch and the Scotland Independence Referendum loom ahead.
I sold AUDUSD at 0.9186 and have since taken profit on half of the exposure, with the rest open to capture further downside momentum and a stop-loss adjusted to breakeven (0.9186).
On EURUSD, I sold the pair at 1.3644 in line with my long-term fundamental outlook and likewise took profit on half of the trade. The rest is active with a stop-loss at 1.3583, my initial objective.
Finally, I entered long USDCHF at 0.9068. Here too, profits on half of the exposure have been booked, leaving the rest in play with a stop-loss at the first target of 0.9114.
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