Posted Jul 22, 22:29

Euro Cracks, Aussie CPI Next

Consumer Price Index (Q2) (q/q) Jul 23 01:30
RBA trimmed mean CPI (Q2) (q/q) Jul 23 01:30
Consumer Price Index (Q2) (y/y) Jul 23 01:30
RBA trimmed mean CPI (Q2) (y/y) Jul 23 01:30
16 hours ago: 

You would think some negative Eurozone headline would have been the catalyst for EUR/USD finally closing below 1.35 but it was simply the weight of the market that pulled it through. On the day, the Australian dollar led the way while the Swiss franc led. The focus will remain on the Aussie with CPI due later.  We have a new set of Premium Insights ahead tonight's Aussie CPI & tomorrow's RBNZ rate decision. Less than 2 months after our AUDNZD longs hit their final targets, we issue a new ideas and trades on AUDNZD & NZDUSD.

It's been a grinding battle for euro bears since the ECB cut rates and introduced TLTROS but they can finally claim a small victory as the solid zone of support around 1.35 and the Feb low of 1.3477 finally gave way. Selling continued down to 1.3459 and the euro closed on the lows.

PREMIUM INSIGHTS Update: Jul 22, 19:00
Tonight's AUD CPI & Tomorrow's RBNZ Jul 22, 2014 19:18: 

RBA governor Glenn Stevens was unusually silent last night with regards to talking down the Aussie. Does that mean tonight's Q2 CPI figures will be soft? And what do we make of tomorrow's RBNZ decision? Will the central bank go for the much telegraphed fourth rate hike despite an 8% decline in milk prices and escalating financing costs to dairy producers? Less than four weeks after we closed both of our AUDNZD longs at a profit, we issue 2 new trades on the pair, ahead of tonight's Aussie Q2 CPI and tomorrow's RBNZ decision with 3 charts highlighting the latest decline in dairy prices and technicals in AUD vs NZD. Meanwhile, our 2nd Premium short in EURUSD at 1.3610-1.3640 has hit its final target of 1.3460, for a total of at least 170 pips. This happened after the other EURUSD short from June 5th at 1.3660-1.3690 hit its final target of 1.3530 on Jul 16. Both EURAUD shorts are currently netting a total of 250 pips. Finally, the Premium Insights are also currently short EURJPY, with one trade at an entry of 137.40-137.70 and another trade at an entry of 138.00-138.30, netting a current running profit of 250 pips. Full full access to subscribers' Premium trades, please click here


Mexican Peso Running on Automode Jul 22, 2014 12:14: 

As we approach today's release of Mexican May retail sales, the peso is further gaining ground, partly on booming auto production exceeding that of Brazil. Full charts & analysis.