Currency Playbook - Blue Line FX Rundown
FX Rundown

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Euro (June)

Session close:Settled at 1.1310, up 27 ticks

Fundamentals:The Euro dove below 1.13 for the third instance since the beginning of March but prices were buoyed through U.S hours today after Chicago Fed National Activity and Existing Home Sales both missed. Europe was closed for Easter Monday Holiday and the volume was overall light. A sharp increase in the price of Crude after the White House announced it will not renew waivers on sanctions for importing Iranian oil helped lift risk-sentiment across commodities and we dont doubt that this helped lift the Euro at least a bit. The otherwise quiet start to the week continues tomorrow and Eurozone Consumer Confidence is due at 9:00 am CT. New Home sales and Richmond Fed Manufacturing are due from the U.S at 9:00 am CT.

Technicals:Major three-star resistance at 1.1362 won the battle last week but with major three-star support at ...Please sign up for a Free Trial at Blue Line Future to view our entire technical outlook and proprietary bias and levels.

Yen (June)

Session close:Settled at .89735, up 3.5 ticks

Fundamentals:The Yen traded in less than a 10-tick range today as much of the world was on holiday and there was no data. Overall, risk-assets finished stronger which pressures the Yen, but the Dollar lost some ground which offset such. The market remains fundamentally and technically weak. Japan Manufacturing PMI is due at 7:30 pm CT and Bank of Japan Core CPI is due at midnight.

Technicals:Only a close back above .8991-.9002 will neutralize recent weakness, although this will not eliminate the downtrend. Major three-star support comes in at ....Please sign up for a Free Trial at Blue Line Future to view our entire technical outlook and proprietary bias and levels

Aussie (June)

Session close:Settled at .7144, down 2 ticks

Fundamentals:Weakness in the Aussie from the highs on Friday carried into this week but the currency held ground. And it did so despite unfavorable news in the form that China is likely to reduce stimulus efforts amidst their economy firming-up. Overall, it was a quiet holiday session. Tonight, we look to Manufacturing and Services PMI data at 6:00 pm CT

Technicals:We were Bullish in Bias here one week ago and price action ran headfirst into our major three-star resistance target at .7217-.7227. We went outright Neutral after such on Wednesday but there is strong support at ...Please sign up for a Free Trial at Blue Line Future to view our entire technical outlook and proprietary bias and levels

Canadian (June)

Session close:Settled at .7504, up 24 ticks

Fundamentals:The Canadian was lifted by Crude Oil gaining more than 2%. This was just another meager gain for the currency piggybacking tremendous gains for Oil. We maintain the belief that the Canadians failure to sustain gains in a Crude bull market really exemplifies its internal weakness and therefore we continue to hold a negative bias.

Technicals:Price action is back above the .7500 mark and this works to neutralize the immediate edge. However, we still hold an overall slight Bearish Bias until the Canadian closes out above ...Please sign up for a Free Trial at Blue Line Future to view our entire technical outlook and proprietary bias and levels

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Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.