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Contemplating EUR and USD dollar trades today

AdamFx42 Publicado 5 Jun  en #Trader's blog #Nfp #Gdp #EUR/USD #Data Releases
Today there are two big data releases: European GDP, and the NFP (US)
This morning German data release - factory orders came in strong
and the Eur/Usd shot up to 1.125 from 1.1210
This indicates the market is willing to buy the pair - strength is not over yet
If the more important data release - European GDP comes in strong, then we will probably break 1.13
The NFP, later today will either bring Eur/Usd down, or strengthen its position
There is a tough battle going on in this pair
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Important data for NZD coming up this evening

AdamFx42 Publicado 5 Ago  en #Trader's blog #Unemployment Rate #NZD Positions #Data Releases
Data releases out of NZ today could determine direction of Nzd crosses
I am long Nzd, and have been since the beginning of the contest,
I am holding a long Nzd/Usd, a long Nzd/Cad and a long Nzd/Chf now,
and have a short Aud/Nzd and a short Gbp/Nzd waiting
At the moment the Nzd is showing a bit of weakness, especially in nzd/Usd
maybe a pullback or concern ahead of the ISM non-manufacturing PMI figures release
due in about an hour - a strong data release may push Usd up - we shall see
This eveni…
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