Amelia Bourdeau wants to short EUR/NZD at 1.7400 target 1.7000 stop 1.7650

Date: 7/5/2011

CNBC Money in Motion trader Amelia Bourdeau wants to short EUR/NZD on a breakdown through 1.7400.

Trade summary: Short $EURNZD at 1.7400 target 1.7000 stop 1.7650 which is a R:RW of 400:250 or 1.6:1.
Here is Ms. Bourdeau's rationale for her EUR/NZD short trade idea from July 5, 2011:


Last week Amelia's AUD/JPY short trade idea from 6/27/2011 (two days before the 6/29/2011 Greek austerity vote) as presented on Fast Money was either not triggered to get short, or the trade would probably be stopped out by now if entered. I feel that Amelia was probably looking for a break of the previous day's (6/26/2011) low of 84.051 as a trigger to get short since the entry price of the trade is shown as 84.0500:

No trade parameters other than entry price were given on Fast Money for this particular trade.
Following is the rationale behind Ms. Bourdeau's AUD/JPY short trade idea from 6/27/2011:

http://video.cnbc.com/gallery/?video=3000030114

Amelia presented an earlier trade idea to short the EUR/JPY on CNBC Fast Money before Melissa Lee went on vacation. This earlier trade was stopped out for -170 pips.  The EUR/JPY short was presented on CNBC Fast Money the day before the Greek confidence vote (6/20/2011 is the trade presentation date, 6/21/2011 is the Greek confidence vote).  Here are the trade parameters of that trade:

Here is the rationale behind Amelia's 6/20/2011 EUR/JPY short trade idea:

It seems as if much of Wall Street was caught on the wrong side of the Euro last week. Andy Busch was also stopped out on his EUR/USD short idea as presented on Money in Motion on Friday June 24, 2011 for -250 pips.

All of the stop outs do not mean that the currency traders' overall thesis is wrong. Obviously the price action indicates that the timing and/or estimation of the level of volatility/optimism was not correct with regards to the Euro.

Rebecca Patterson wants to get long EUR/GBP on pullback to .8960 target .9200 stop .8870

Disclaimer:  I do not necessarily agree with these trade ideas.  It is good, however, to monitor how other currency traders or Wall Street as a whole are/is positioned.
 
Rebecca Patterson of CNBC Money in Motion currency trading states in Friday's show (7/1/2011) that she had already recommended being long EUR/GBP before another set of central bank meetings one month ago (there are three slated for the coming week). Her suggestion to traders this week is to stay long EUR/GBP if they are already in, or wait for a pullback to .8960 on the EUR/GBP to initiate a new position.

Ms. Patterson's trade setup is as follows:

Trade summary: Long $EURGBP on pullback to .8960 target .9200 stop .8870 which gives a 90:240 R:RW or 1:2.667.

Here is Ms. Patterson's rationale for the trade:

Todd Gordon wants to get long EUR/CHF on pullback to .382 and .618 fibs

Disclaimer:  I do not necessarily agree with these trade ideas.  It is good, however, to monitor how other currency traders or Wall Street as a whole are/is positioned.
 
Todd Gordon of CNBC Money in Motion currency trading wants to get long EUR/CHF on a pullback to the .382 or .618 fib. 1/2 of the position will be added at the .382 fib and 1/2 will be added at the .618 fib.

Trade summary: Long $EURCHF 1/2@1.2075 1/2@1.1970 stop 1.1900 with no target given to calculate R:RW

Here is the rationale behind the trade:


Click here for the CNBC Web Extra video

Andy Busch is Short GBP/AUD entry 1.5025 stop 1.5225 target 1.4025

Disclaimer:  I do not necessarily agree with these trade ideas.  It is good, however, to monitor how other currency traders or Wall Street as a whole are/is positioned.

Andy Busch of CNBC Money in Motion currency trading is short GBP/AUD already ahead of the three central bank announcements next week:

Trade summary: Short $GBPAUD entry 1.5025 stop 1.5225 target 1.4025 which is 200:1000 R:RW or 1:5.

Mr. Busch explains his rationale in the following Money in Motion video from Friday 7/1/2011:


Note that Mr. Busch's Euro short trade suggestion from last week was stopped out for -250 pips, due to the monstrous rally that ensued following a positive approval by the Greek Parliament of austerity measures on Thursday, June 30.

Here is Andy's Money in Motion trade from last week (Friday 6/24/2011).  First, he suggests entering a short of EUR/USD at 1.4200 (pretty much right at market) prior to the following week's austerity plan vote by Greek Parliament, with the intent to add another equal-sized position when/if 1.4075 were to be reached (e.g. double up).

Here is Andy's trade if the second portion were added due to the EUR/USD reaching the 1.4075 trigger price:

Note that no second portion was added because the trigger price was not reached.

At the time of Andy's now stopped out trade suggestion (Friday 6/24/2011), the Money in Motion traders know that George Papendreou successfully got past the first hurdle of the confidence vote on Wednesday 6/22/2011 but they are still awaiting the vote by Greek Parliament to approve the first set of austerity measures on Thursday, June 30.  Andy is betting that the approval might fail or that there is a bearish reaction regardless.

The tone of the Money in Motion traders is overall biased against the Euro at this time with the exception of Todd Gordon who is ambivalent and wants to see the EUR/USD break its trading range to determine what direction to trade it.

Click here for last week's video from CNBC with Andy Busch's trade idea