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EUR/USD BREAKING NEWS?

Are we done with the FED resignations and ECB QE "breaking news" now? Can we just worry about Draghi tomorrow?
EUR/USD: lots of buying at 1.188 and at 1.192. Some selling at 1.195. SHORT trade is still holding. Either direction the pair takes it will be a 200 point move.
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NON-FARM PAYROLLS

Waiting for non-farm payrolls to be released. The numbers are expected to be positive for the dollar. Generally, looking for a SHORT in the EUR/USD since it already hit a key target above 1.20 this week.
USD/ZAR and USD/JPY are a bit difficult to pin down at the moment. Technicals have a bearish bias, but with ADP numbers good earlier this week, a bullish move is very likely.
Most likely, will wait for a better risk/reward ratio trade next week and not enter a trade today.
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Despite negative US data all around on Friday, there was an oppurtinity for a LONG in USDZAR today. Although, not the strongest of trades in terms of technicals we entered the trade in mid-European session with a profit target at 13.06. Short-term support at 12.93.

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Today's Trades

A LONG trade in USD/ZAR with a modest position size was entered and exited within the day, profitably.
A SHORT trade in USD/JPY is currently active with profit target 108.9 and big position size since technicals are looking strong.
Finally, our LONG EUR/USD trade from last week is still active, with the pair struggling to move up. Keeping our stop relatively small we remain in this LONG trade despite the politically-charged week with UK elections and ECB conference coming in.
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USD/ZAR, EUR/AUD, EUR/USD and US Payrolls

A bad LONG trade in USD/ZAR, before the US payrolls numbers and a EUR/AUD LONG trade that didn't pan out in the timeframe we were hoping for (due to margin reasons) set us back today.
A EUR/USD LONG trade seems promising as the pair seems poised to reach 1.14 and move on up from there in the month.
A USD/ZAR SHORT trade was also initialized with the pair having the potential of making a big movement. Will be monitoring this particular pair though and might opt out closing it sooner than expected.
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Ups & Downs

Rollercoaster week. Trades in GBP/USD, USD/JPY, EUR/USD met with both high profits and losses. Discrepancies in the trading platform capital also didn't help with psychology either. More work to be done in the monthly trading strategy in order to increase profits while also protecting capital. Some tweaking of the trading plan for the remaining days in May and full implementation starting June with the goal of improving, a.k.a. more profits less roller coasting.
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Dollar Weakness in USD/JPY & GBP/USD

Two new trade in today's European session. Despite the big decline on USD/JPY, we expected the pair has further to go so we entered a new SHORT trade with profit target relatively small compared to the potential move, but prefer at this point to minimize risk.
After the better-than-expected Retail Sales GBP/USD shot up. Despite a lot of selling at the highs we believe the pair is in an uptrend, so we entered a LONG trade after the news. A bit riky but that's why we are keeping profit target rela…
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USD/JPY & GBP/USD

Took a LONG trade in GBP/USD after the news during the European session. Unemployment was reduced even further to 4.6% from 4.7% and there were no negative surprises in the claimant count or the average earnings index. The trade has a modest profit target and closed within a couple of hours despite the lukeward effect the news had in the GBP/USD price action.
A SHORT trade in USD/JPY which was entered late yesterday, closed profitably today, early in the European session. The pair has made any m…
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EUR/USD & GBP/USD

The EUR/USD continued its ascent today, currently sitting at 1.1060. We closed our trade after the EU GDP data, which came in as expected, but the pair was already at new highs at 1.1050 and temporary reaction after the news was bearish. This prompted us to play it safe, especially since the pair's strength is still a bit of a mystery in our view.
Similarly the GBP/USD was strong, but after good CPI data the pair was met with some selling. Technicals are not yet given a SHORT signal, but we will…
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EUR/USD Nothing but Up

Technicals changed yet again for the EUR/USD and from a solid SHORT signal and despite the existence of a big gap, it stayed at high levels (1.093) after the US Data on Friday, which may not have been great, but were definately not bad.
Monday was met with a lot of buying interest even at those levels and without a correction. Based on similar price action a couple of weeks ago we entered a LONG trade with a relatively high profit target at 1.1080. Will certainly be monitoring the trade and look…
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EUR/USD Strength after US Data

The EUR/USD climbed up above 1.09 after US CPI and Retail Sales data, which were better than prior numbers but slightly lower than forecasted. In our view this straength is not justified and could be temporary. Based on that we are keeping our SHORT in the EUR/USD. Neverthelss, it sould be noted that the EUR/USD has been met with a lot of buying, which makes this call riskier than anticipated.
Similarly, our trade in GBP/USD, which has a lower stop may not hold the USD weakness after the US Data…
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