Major Bank Daily Position
NZD/JPY - Nomura - LONG Position - From 78.00
- Hit Target at 81.00 +300 pips
EUR/USD - Citi - LONG Limit Order - Placed -
Entry: 1.1192, Target: 1.1450, Stop: 1.1040 (TOTW-M/T)
NZD/USD - Morgan Stanley - SHORT Position -
Opened - Entry: 0.7260, Target: 0.7100, Stop: 0.7330 (TOTW-S/T)
EUR/USD - Citi - LONG Limit Order - Filled -
Entry: 1.1192 - Target: 1.1450, Stop: 1.1040 (TOTW-M/T)
SocGen
The market is long euro and bullish In a range 1.11 -1.13.
It is hard to see breaking the range for now but we will get a spike if that
happen. It’s probably EUR/JPY that can trigger a move in EUR/USD as yen bears
re-emerge.
Morgan Stanley
MS recommends selling NZD/USD with a target 0.71 and stop at
0.733.
The best way to play a tactical USD rally is via selling
NZD.
NZD has seen an impressive rally since May and have room for
a set back due to technical perspective. We expect RBNZ to retain its neutral
stance but acknowledge the risk of them pushing back against NZD strength.
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