Currencies

Choppy U.S. Economic Data Keeps Volatility High

 

Look to close out EUR/GBP at current levels with a negative return of 1.30%.

Consider taking profit short EURCHF. This trade was introduced on 8/05 and has returned a profit of 6.30%. With the CHF reaching an all-time high, we feel, it would be a good time to realize the profit and would suggest a new stop-loss level of 1.3175.

Close out long AUD/CAD with a return of 2.19% from the trade date of Aug. 26.

Close out long AUD/NZD with a return of 2.29% from the trade date of Aug. 2. We are closing out our long AUD positions as valuations look stretched and strong prospect for weak trade numbers this week.

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