Once again there is no green on the heat map and with safe haven demand resulting in a move away from risk-related assets due to the building tensions in Europe; we look set for further downside in the Euro and in US$Jpy, and possibly US$Chf. This will result in all the Euro crosses staying heavy as well and EurJpy in particular could be in for quite a slide, I suspect towards 120.00. Elsewhere, the Aud and Kiwi are beginning to look heavy and selling rallies is preferred here too, trading form the short side.
US Stocks do not suggest a whole lot in the charts but I suspect that they have further downside too, although ahead of Fridays Jobs/NFP/Average Hourly Earnings data it may end up just being a choppy session
I will now be travelling for 3 week’s so updates will be limited and rather sporadic.
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*Trade of the day: 5/30/2018 7:00 AM (AET)
*This is a personal opinion only, based on the look of the table below, and carries no guarantee of success.
Sell EurUsd @ 1.1600. SL @ 1.1650, TP @ 1.1530
Sell AudUsd @ 0.7520. SL @ 0.7555, TP @ 0.7420
