Intraday Market Thoughts
CHF & GBP Positioning
by
May 20, 2014 19:16
Whether we expect USDCHF to break above its 100-DMA this time around, what's the better tactical play in CHF ahead of the Eurozone event-risk. After having been stopped out by 7 pips from our Mar 20 USDCHF long trade at 0.8710, what is the next action plan? We issue fresh CHF trades and 3 charts (Net CHF longs positioning, CHFJPY & & 100-DMA spot). 2 existing GBPUSD Premium trades are in progress ahead of Wednesday's UK retail sales & MPC minutes as are the existing shorts in USDJPY, NZDUSD and NZDJPY. All charts & trades in latest premium Insights.
| Act | Exp | Prev | GMT |
|---|---|---|---|
| Retail Sales (APR) (m/m) | |||
| 0.5% | 0.1% | May 21 8:30 | |
| Retail Sales ex-Fuel (APR) (m/m) | |||
| 0.5% | -0.4% | May 21 8:30 | |
| Retail Sales (APR) (y/y) | |||
| 5.2% | 4.2% | May 21 8:30 | |
| Retail Sales ex-Fuel (APR) (y/y) | |||
| 5.3% | 4.2% | May 21 8:30 | |
| Bank of England Minutes | |||
| May 21 8:30 | |||
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