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.

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
Subscribe
Please try again
EUR/USD
Mixed
Oil - US Crude
Bearish
Wall Street
Mixed
Gold
Bullish
GBP/USD
Mixed
USD/JPY
Bullish
More View more
Daily Observations: February 22, 2013

Daily Observations: February 22, 2013

Christopher Vecchio, CFA, Senior Strategist

Current Positions:

- Long EURCHF from 1.2018 (1/2), Stop at 1.2218 (locked-in +200-pips), Target 2 at 1.2750

- Long USDJPY from (1/4) 90.35, Stop at 91.85 (locked-in +150-pips), Target 2 at 93.30 HIT, Target 3 at 95.00

Time Frame: 1-day to 1-week

Recently Closed Positions:

- Closed Short AUDUSD (1/2) from 1.0345 at 1.0300 for +45-pips.

Heading flat into the weekend outside of the Long EURCHF and Long USDJPY positions, given Italian elections - not worth keeping any irons in the fire at this point in time. New positions in EURUSD, GBPUSD, and AUDUSD will be taken next week - looking to sell rallies across the board as the US budget sequester comes into the picture.

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

I also host a weekly Live Trading Q&A in DailyFX Plus, on Tuesdays at 07:15 EST / 12:15 GMT, in which I delve deeper into my positions and thought processes behind my analyses.

--- 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