Premarket, equities are either up or relatively neutral (S&P and Dow are both down .03%). They were quite strong yesterday, so I’m going to anticipate that will continue, and we’ll remain in a risk-on environment. I’ll be sure to look a few minutes after the open, though, to see what actually happens
USD [N] – Already, it’s appearing as though we’re in a risk-off environment, not a risk on one, as I thought. That said, I don’t believe it enough to actually go long USD at this point. I’ll wait to see if price reverses after the market actually opens — and if it does, I’ll look for opportunities to short it. But, for now, I’m going to leave this alone
CAD [L] – This has been pushing higher steadily over the last 6 trading days, and while it’s stalled out at some resistance, I think it could continue higher. I’ll look for any CAD tradable patterns
EUR [S] – I’m overall bullish here, and while today’s candle is (and the last couple of candles are) up, it has a long upper shadow, which suggests the buyers are starting to lose out. I don’t want to take this long, and if it spiked on some news, and is heading back down, I could see some opportunity to short this. Let’s see if there’s an entry point on an individual chart
GBP [N] – This is still in that base/range and it’s not really showing signs of going in either direction. I think Brexit is still somewhat in limbo, which I’m assuming is what’s keeping this in it’s range, so I’m going to leave this alone for now
JPY [N] – I’m in a short JPY trade already and unfortunately, it appears to have made a bit of a rally. That said, the rally didn’t even reach yesterday’s open price, and if we are in fact in a risk-on environment, this should reverse. It might not happen today, but I think it’ll happen by the end of the week, so I don’t want to close this prematurely, but I’m not going to take any new JPY trades today
AUD [N] – I’ll try to keep an eye on this throughout today/tonight because there looks to be a good opportunity to go long here coming up. It dropped pretty drastically yesterday — further than I thought it’d go — but is currently sitting at a pretty major level of support. If that level holds, like it has in the past, and price reverses within it’s current range, there could be a decent amount of pips to be made there
NZD [N] – This chart still looks bullish to me, so I don’t want to short this at all. That said, after a bit of a rally yesterday, today’s candle is down again. It’s stalling at some support, though, so we’ll see how it reacts to that level. If it bounces and heads up again, I’ll look to go long in the coming days, if it continues down, I’ll have to wait for it to break this next major level of support but if it does, I’ll short it. Eithe way, I’m not doing anything with it today
CHF [N] – On the bright side, I’m long CHF, and it’s still showing signs of strength. I don’t like this enough to be in 2 CHF positions, but I’m not going to close the one I’m currently in, I’ll let it breathe and hopefully by, at the latest, tomorrow morning, price will moved me back to some significant profit