Growth Aces | Jul 23, 2015 07:18AM ET
GROWTHACES.COM Forex Trading Strategies
Taken Positions
EUR/USD: short at 1.0930, target 1.0750, stop-loss 1.1015, risk factor *
USD/JPY: long at 123.70, target 125.80, stop-loss 122.90, risk factor *
USD/CHF: long at 0.9560, target 0.9750, stop-loss 0.9490, risk factor *
EUR/GBP: short at 0.7025, target 0.6905, stop-loss 0.7070, risk factor **
EUR/CHF: long at 1.0380, target 1.0580, stop-loss moved to 1.0460, risk factor **
Pending Orders
USD/CAD: buy at 1.2900, target 1.3095, stop-loss 1.2820, risk factor *
AUD/USD: sell at 0.7450, target 0.7250, stop-loss 0.7530, risk factor *
NZD/USD: sell at 0.6765, target 0.6405, stop-loss 0.6870, risk factor *
GBP/JPY: buy at 192.45, target 195.00, stop-loss 191.30, risk factor **
EUR/USD: Strong US Housing Data Suggest September’s Fed Hike Is Likely
(short for 1.0750)
Key dates for Greece:
July 22 - detailed negotiations on third Greek bailout due to open in Athens, with experts from the European Commisison, European Central Bank and International Monetary Fund
August 20 - Greece due to redeem five-year bond held by European Central Bank, with principal and interest of EUR 3.4 billion.
September - potential signing and ratification of third bailout programme under European Stability Mechanism
October 11 - expiry of 3-month bridge loan from European Financial Stability Mechanism
December - potential first quarterly review of Greek progress in third bailout
GBP/USD: UK Retail Sales Data Disappoints
(stay sideways)
NZD/USD: 25 Bps Now And Further Rate Cuts Soon
(sell at 0.6765)
Source: Growth Aces Forex Trading Strategies
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