S&P Futures are literally hovering between +1% and -1% as I’m looking at them now. I’m going to just take the currency baskets at face value today — there hasn’t been a ton of correlation (that I’ve seen) anyway
USD – S – This is starting to really prove out it’s current weakness, and it’s stalled at some support. I’ll take this to the downside today
CAD – N – This finished quite strong yesterday, but didn’t make a new swing high. Today, it’s pushed higher, but is down a decent amount. I don’t really love this to either side, so I’m going to leave it alone
EUR – N – This looks to be in that base still, and while it’s pushed higher on the day, it’s sitting near it’s open/the bottom of today’s range. I don’t really see an opportunity in either direction here, so I’m going to leave this alone for now
GBP – L/N – I’m a little hesitant here because price has pushed a lot higher than where it’s currently sitting on the day, but it is on it’s 3rd up-day in a row, and is sitting near some resistance. I’ll see if there are any opportunities, but I’ll try not to chase
Today’s Pairs
GBP/USD – Long
GBP/CHF – Long
AUD/USD – Long
AUD/CHF – Long
NZD/USD – Long
NZD/CHF – Long
JPY – N – This appears to be on a bit of a rally after falling since last Monday. At this point, I’d like to see confirmation to the upside before I took this long, and since it is up, I don’t want to take this short, so I’m going to leave it alone
AUD – L – I like this to the upside (I don’t love it, but I like it). It had 4 strong days, a pullback, and while it’s pushed lower on the day, it’s up now and could continue. I’ll look for a good opportunity in AUD
NZD – L/N – Similar to AUD, but not quite as clear. I’ll look for opportunities here, too, but I’m not as bullish, so I won’t chase
CHF – S/N – This looks similar to USD and EUR, but unlike EUR, it’s sitting near the bottom of the base (it’s not really a base anymore after yesterday). I’ll look at CHF to see if I can short it anywhere with a strong R:R, but I’m not going to chase here, either