The commodity bloc and Cable have been the main movers today, in strong demand ahead of a late reversal, but it looks as though the US$ is generally going to remain under pressure, and selling rallies seems to be the medium term theme. In the short term though, we could see the US dollar squeeze a little higher so buying dips for the day trade seems to be the theme. It is all rather mixed so keeping tight stops on any trade seems wise.
Elsewhere, stocks seem to be on their never ending rally and picking a top is not going to make anyone rich. Buy dips.
*Trade of the day: 1/18/2018 8:21 AM (AET)……
*This is a personal opinion only, based on the look of the table below, and carries no guarantee of success.
Buy US$Jpy @ 110.70. SL @ 110.15, TP @ 111.70
Buy GbpUsd @ 1.3810. SL @ 1.3770, TP @ 1.3990
Buy US$Chf @ 0.9585. SL @ 0.9560, TP @ 0.9660