Currently I'm short GBPUSD, USDCAD and EURUSD.
GBPUSD
Very obvious downtrend, went short on the failure of yesterday's rally
USDCAD
Ranging, shorting it from the high of the range to the low of the range
EURUSD
Unable to break previous high on the daily. Placed a small position to wait for the move. A lot of Germany's news will come out today and my trade decision will be affected by it. First off, my entire rationale behind shorting the euro was that, I'm pretty sure the Eurozone will be hit by the turmoils in the financial markets. Britain has been hit, so the Eurozone will probably be next. The news release today includes Germany's trade balance and more importantly, retail sales. The high euro will probably lead to a bad report for the trade balance and I need to see how consumers are doing. ECB's interest rate statement tomorrow would very much be affected by today's reports.
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