So far, the Asian session trading has been very quiet and I don’t anticipate too much of an action today as this is a long weekend in the US. In my view, we are going to see range trading today. I’m not ruling out EUR\USD trying to make one more attempt at 1,26 as lately euro buying happens during the London session and dollar buying during NY session – but that last one will be very slow today.
I set some pending orders, to go long on USD\JPY at just below 106 and to also buy GBP\USD a bit below 1.40. But for sure later in the week I’ll will be selling both euro and the pound as I expect FOMC minutes to make some fireworks in the markets.
Some other trades I’m planning for the week depend how things develop later in the week, but thinking about selling AUD and PLN also against the dollar.
I set some pending orders, to go long on USD\JPY at just below 106 and to also buy GBP\USD a bit below 1.40. But for sure later in the week I’ll will be selling both euro and the pound as I expect FOMC minutes to make some fireworks in the markets.
Some other trades I’m planning for the week depend how things develop later in the week, but thinking about selling AUD and PLN also against the dollar.
