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  • With Japanese markets closed for Emperors birthday, currencies spent the night in quiet pre-holiday trade essentially marking time until dealing desks close tomorrow evening for the Christmas holiday. The euro made another run at the 1.4000 level boosted by better than expected French consumer spending and Current Account data, but the rally fizzled into the early European session as traders continued to square up their books.

TRADE IDEAS

  • Trades to Watch
  • Trades in Progress
currency trade idea
EUR/AUD
Medium term



Buy Buy at 1.2920
Stop at 1.2824
Target at 1.3015
USD/JPY
Medium term



Sell Sell at 80.3800
Stop at 80.63
Target at 80
EUR/USD
Long term



Buy Buy at 1.2467
Stop at 1.2064
Target at 1.3072
currency trade idea
EUR/JPY
Medium term
Opened 5/23/2012
Sell Short from 99.9000
Stop at 101.55
Target at 98.1
AUD/NZD
Medium term
Opened 5/21/2012
Sell Short from 1.2985
Stop at 1.307
Target at 1.2855
EUR/CHF
Long term
Opened 1/30/2012
Buy Long from 1.2055
Stop at 1.199
Target at 1.2225
These are hypothetical trades and should not be relied upon as a substitute for independent research.

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