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Currency Strength and Weakness for Monday 3rd June 2013

BY ,

Hi Traders,

You can view my latest Weekly Trading Video by clicking here.

I make my suggestions every day based on where I see the market heading over the next 24 hours. Use my analysis below to aid your trading and to help you keep on the right side of the market.

My suggestions are posted by 6pm EST each day.

IMPORTANT: Just to let you know that Monday’s trade analysis, when the market opens at the beginning of the new week (Sunday if you are in the US/Europe) are usually the hardest to pick and if you wanted a day off trading, that would generally be the day to choose. The reason being; I am looking at the previous week’s prices and the new open prices for the week when making my analysis on a Monday and of course many things can happen between the close of the market one week and the opening of the market the next week and the market sentiment can often change. Just bear this in mind each Monday.

There is a public holiday in New Zealand today so be careful when trading the NZD.

Overall there is strength in the JPY and USD with minor strength in the GBP against some currencies.

Overall there is weakness in the NZD, AUD and CAD.

Trading Directions I am favouring for the next 24 hours

VERY IMPORTANT: These are not specific trades. Do not blindly place trades in the directions given below. Use your own trading strategy and look at taking setups that occur in the same direction as my daily analysis. If you don’t have your own trading strategy then email me



There is a public holiday in New Zealand today so be careful when trading the NZD.

To a Profitable Trading Week for You.