Intraday Market Thoughts
Aussie or Sterling?
by
Jul 2, 2014 20:16
Both AUDUSD and GBPUSD have rallyied but which of the two pushes us to issue a fresh long trade with 2 charts in the latest Premium Insights. 6 days after our 2nd AUDUSD long hit its final target for a +200-pip gain, and 8 weeks after our existing GBPUSD hits 300 pips (final target at 1.6180) our Premium clients ask the question. With our existing EURAUD short currently netting +120 pips, we revisit these currencies. Tonight's release of the May Aussie retail sales may show a slight slowdown but the release of the May building approvals is expected to show an increase/improvement on both the month/month and year/year series. All our existing trades and charts are in the latest Premium Insights.
| Act | Exp | Prev | GMT |
|---|---|---|---|
| Retail Sales (MAY) (m/m) | |||
| 0.0% | 0.2% | Jul 03 1:30 | |
| Building Approvals (MAY) (m/m) | |||
| 3.1% | -5.6% | Jul 03 1:30 | |
| Building Approvals (MAY) (y/y) | |||
| 8.0% | 1.1% | Jul 03 1:30 | |
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