Boris and Kathy's FX Blog www.bktraderfx.com

Today's Email Alerts:

Alert # 4 Short USD/CAD

Oil prices are flirting with the $60 a barrel mark. Bad weather has disrupted oil production in Alaska while a couple of US refineries have reported outages. The weather is also getting cooler here in the Northeast, which is providing the perfect backdrop for more gains in oil prices. The US dollar - Canadian dollar currency pair is only beginning to react, but we think that more losses could be in store.

Therefore we are shorting here at 1.1453 with a stop at 1.1483. First target is 1.1433. Once that is reached, move your stop to breakeven and target 1.1375 for the second lot.

Alert # 3 Out of EUR/JPY at Breakeven

EUR/JPY has rallied above our break even stop of 151.35 so are now completely out of the trade (+13). Markets are clearly slowing ahead of the holidays and price action is very choppy, so are sidelined for now.

Alert # 2 Taking T1 on Short EUR/JPY

EUR/JPY is within 1 point of T1 at 151.22 so we are taking it here (+13) and going to breakeven on rest of trade.

Alert #1 Short EUR/JPY

Euro-zone news has been lackluster all night long with French GDP showing no growth this quarter and Italian Industrial Orders and Sales missing expectations. With all the bad news on yen already baked in we think the euro will slide more against the dollar than the yen.

We are going short EUR/JPY ( Currently 151.35) stop is a tight 151.50 T1 is 151.21 T2 is 150.88.