The US jobs number have put a bid tone back into the US$, at least in the short term. The Aud and to a lesser extent the Kiwi, look in trouble on almost all fronts, with the Aud in particular looks like a sell against almost all the other majors. At the same time, the Jpy looks set to remain firm on the crosses, while also looking mildly bid in the near term against the dollar, albeit looking fairly neutral on the daily/monthly charts.
US Stocks look increasingly heavy, but could well be a buy on dips, although caution is warranted incase Donald Trump ramps up the trade tensions with China/EU/Japan etc. WTI also looks heavy.
The metals did not do much on Friday, – slightly lower -, but they could accelerate to the downside if the dollar continues to pick up speed and I prefer to trade from the short side.
By September 10, 2018
*Trade of the day: September 8, 2018 7:50 AM(AET)
*This is a personal opinion only, based on the look of the table below, and carries no guarantee of success.
Sell EurUsd @ 1.1580. SL @ 1.1610, TP @ 1.1450
Sell AudUsd @ 0.7140. SL @ 0.7180, TP @ 0.7000
Sell NzdUsd @ 0.6550. SL @ 0.6580, TP @ 0.6400
Range Trade: EurUsd: 1.1480/1.1580 (SL 30 points either side)