Monday 12 April

Update:  OOPS.  First Greece says it may ask for some EU loan money today and then a German Govt official comes on the wires and says that the aid is only if Greece is unable to raise funds in the bond markets. Some of the shine is coming off EUR as a result.  I think they would like EUR lower.

The dollar took a bit of a hit at the Asian open with a 150pip gap and a 200 pip jump in EURUSD.  It is bouncing back this morning, and back in the channel and above the lower trendline would be positive  for the dollar.

I was stopped out of my EURUSD short at the Asian open and did not put it back on right away but it looks better this morning.  Today I am watching EURGBP to pullback to buy it, or short GBPCHF.

Asian session:
EURUSD balance stopped out (-0.5R)
EURJPY balance stopped out (-0.25R)
USDNOK long 5.8430 stop 5.8150   5.9 / 6.0
NZDUSD short 0.7175 stop 0.7205 PT 0.7095 / 0.6965
London:
EURUSD short 1.3670 stop 1.3695, gap fill target 1.35
GBPJPY balance stopped out 1.44 BE
CRUDE short 85.30 stop 85.60 - addition
GBPCHF short 1.6370 stop 1.6405 PT 1.6220 / 1.61
EURJPY short 126.90 stop 127.20 PT 125.80
EURUSD closed 50% @3R 1.3595 (+1.5R)
CRUDE short addition closed 50% @3R 84.40 (+1.5R)
CRUDE short addition closed balance @84.20 (+1.83R)
AUDJPY short 86.45 stop 86.75 PT 81.80 break of support
GBPCHF closed 50% @3R 1.6265 (+1.5R)
AUDJPY closed 50% @3R 85.55 (+1.5R)
EURJPY closed 50% @3R 126.00 (+1.5R)
EURJPY closed 25% @ target 125.80 (+0.91R)

Open trades:

USDCAD long 1.00 stop 0.9965

CRUDE short 86.10 stop 86.40 - 1/2
USDNOK long 5.8430 stop 5.8150
NZDUSD short 0.7175 stop 0.7205
EURUSD short 1.3670 stop 1.3695 - 1/2
GBPCHF short 1.6370 stop 1.6405 - 1/2
EURJPY short 126.90 stop 127.20 - 1/4
AUDJPY short 86.45 stop 86.75 - 1/2