0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
EUR/USD
Mixed
Oil - US Crude
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Wall Street
Bearish
Gold
Bearish
GBP/USD
Mixed
USD/JPY
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • Heads Up:🇺🇸 Retail Sales Ex Autos MoM (JUL) due at 12:30 GMT (15min) Expected: 1.3% Previous: 7.3% https://www.dailyfx.com/economic-calendar#2020-08-14
  • Heads Up:🇺🇸 Retail Sales MoM (JUL) due at 12:30 GMT (15min) Expected: 1.9% Previous: 7.5% https://www.dailyfx.com/economic-calendar#2020-08-14
  • Heads Up:🇮🇳 Balance of Trade (JUL) due at 12:00 GMT (15min) Expected: $-2B Previous: $0.79B https://www.dailyfx.com/economic-calendar#2020-08-14
  • Forex liquidity makes it easy for traders to sell and buy currencies without delay, and also creates tight spreads for favorable quotes. Low costs and large scope to various markets make it the most frequently traded market in the world. Learn more here: https://t.co/5uSWKoLkd6 https://t.co/37m2Ij6f2H
  • Technical indicators are chart analysis tools that can help traders better understand and act on price movement. Learn more about the importance of technical analysis here: https://t.co/NpC1D8y4Aa https://t.co/aG5lue4jZ4
  • Emotions are often a key driving force behind #FOMO. If left unchecked, they can lead traders to neglect trading plans and exceed comfortable levels of risk. Read on and get your emotions in check here:https://t.co/eILWbFgHRE https://t.co/K4BUUCDVdB
  • 💶 GDP Growth Rate QoQ 2nd Est (Q2) Actual: -12.1% Expected: -12.1% Previous: -3.6% https://www.dailyfx.com/economic-calendar#2020-08-14
  • 💶 GDP Growth Rate YoY 2nd Est (Q2) Actual: -15% Expected: -15% Previous: -3.1% https://www.dailyfx.com/economic-calendar#2020-08-14
  • 💶 Balance of Trade (JUN) Actual: €21.2B Expected: €12.6B Previous: €9.4B https://www.dailyfx.com/economic-calendar#2020-08-14
  • 💶 GDP Growth Rate QoQ 2nd Est (Q2) Actual: -12.1 Expected: -12.1% Previous: -3.6% https://www.dailyfx.com/economic-calendar#2020-08-14
Daily Observations: January 03, 2013

Daily Observations: January 03, 2013

2013-01-03 15:00:00
Christopher Vecchio, CFA, Senior Strategist
Share:

Current Positions:

- Short EURAUD from 1.2720, Stop at 1.2585 (lock-in +135-pips), Target 3 at 1.2400

- Long EURCHF from 1.2018, Stop at 1.1990, Target 1 at 1.2500, Target 2 at 1.2750

Time Frame: 1-day to 1-week

Ahead of my time away from the market for the holidays, I was the discussing potential for a Short EURAUD position headed into yearend. Although the trade initially was underwater, it has since rebounded and turned profitable. Accordingly, I've moved up my Stop from 1.2720 (entry) to Target 1 at 1.2585 to lock-in some profit.

The initial Short EURAUD trade parameters were discussed here.

A new year brings about new opportunities; thus it's always good to review proper risk management guidelines to avoid making unnecessary, costly mistakes in the coming trading sessions.

Any other trade ideas and general macroeconomic musings can be found in the Real Time Newsfeed, or by following me on twitter @CVecchioFX.

--- Written by Christopher Vecchio, Currency Analyst

To contact Christopher Vecchio, e-mail cvecchio@dailyfx.com

Follow him on Twitter at @CVecchioFX

To be added to Christopher’s e-mail distribution list, please fill out this form

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.