Baruch's Forex System Journal

Seems like tonight there is some resistance at 1975 level and is looking for a drop to continue the downward movement.

I am currently short at 71 and will take profit at 33, stop loss at 1983.

NYCDT

 

"Always keep a good part of your capital in cash reserve. Never invest all your funds".

 

Well, we can't win them all!

 

6.45 GMT FRANCE: GDP 1 Q

8.30 GMT UK: Bank of England minutes

9.00 GMT: Euro-Zone Trade Balance

11.00 GMT US: Mortgage Application Index

14,30 GMT US: Crude oil inventories

 

French 1Q GDP: +0.8 (4Q: +0.6)

Not very much growth in France!

 

Long Euro from 1.963

Long GBP from 1.736

June futures.

 

The minutes from BOE will show the votes from the 0.25% rate hike. Was anybody talking about a 0.50% hike?

 

Compare with Japan 1Q GDP: +1.4%. A good fundamental reason to short eur/jpy.

 

Very hawkish (bullish for GBP) minutes.