Sell strategy for the euro! Major EU country GDP/HICP releases ~ Euro strategy for October 30

◎ Today's strategy and positions

・Euro selling outlook

・Holding a Short position in EUR/USD

・Timing for additional position (new position)”1.1360” ”1.1300” We plan to sell at these two points。

・Stop is ”1.1450”I am considering for the stop (the core position currently held is stop is at cost basis ”1.1700”)

EUR/USD Timeframe chart

EUR/USD Daily chart

Today, GDP and HICP for major EU countries will be released. Recent EU economic indicators have shown weak results. Considering QE ending within the year, will the weak results be temporary? Or not? This is worth watching.

In particular, Italy draws attention. When Italy presents its budget, it releases a deficit as a percentage of GDP.GDP, the basis for budget comparison, will be released.

Other notable items include statements related to Italy's budget proposal and news about Germany's Merkel successor, drawing attention to European politics.

Additionally,the yield spread between Germany and Italy is also notable. The key point of the yield spread is “400 basis points.”

Germany 10-year yield chart

Italy 10-year yield chart

◎ Today's Euro-related events

10/30 (Tuesday)

15:30 France GDP
17:00 Spain HICP
18:00Italy GDP
19:00 Europe GDP
22:00 Germany HICP