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  • EUR/USD got off to a strong start on the first trading day of the week, as optimism among Asian equity investors, whetted risk appetite pushing the pair to within a whisker of 1.3500 level in early European trade. Both Nikkei and Kospi propelled higher rallying more than 5% each on the day, boosted by a variety of factors from the expectations of bailout of US automakers to the more than 7% spike in Baltic Dry Goods index on Friday.

TRADE IDEAS

  • Trades to Watch
  • Trades in Progress
currency trade idea
GBP/USD
Medium term



Buy Buy at 1.5702
Stop at 1.5676
Target at 1.5742
CHF/JPY
Medium term



Sell Sell at 83.7900
Stop at 84.02
Target at 83.44
currency trade idea
GBP/JPY
Medium term
Opened 2/1/2012
Buy Long from 121.0500
Stop at 120.17
Target at 121.9
USD/CAD
Medium term
Opened 1/31/2012
Sell Short from 0.9990
Stop at 1.0078
Target at 0.9905
AUD/NZD
Medium term
Opened 1/31/2012
Sell Short from 1.2870
Stop at 1.295
Target at 1.273
These are hypothetical trades and should not be relied upon as a substitute for independent research.

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