How to Trade Euro Zone GDP
The euro zone's second quarter GDP will be revealed within hours. Here's how to trade it.
Investors covering short positions gave the euro a little lift today - but as they say, tomorrow is another day.
"The market's pricing about a 0.2 percent loss. I think it could be weaker. There's a strong risk that it will come in to the downside," she told CNBC's Melissa Lee. On top of that, Bourdeau notes that Greece will be auctioning T-bills, adding more event risk.
Monday's euro strength, Bourdeau says, "gives you a good chance to short the euro before tomorrow morning, before the GDP release."
Bourdeau wants to sell the euro at 1.2350, setting a stop at 1.2430 and a target of 1.2150. Step lively.
You can watch the discussion on the video clip, starting at 1:26.
MULTI CURRENCIES v The Dollar
Tune In: CNBC's "Money in Motion Currency Trading" airs on Fridays at 5:30pm and repeats on Saturdays at 7pm.
Learn more: The essential vocabulary for currency trading is on Key Terms Dictionary. Top currency strategies are broken down for you in Currency Class.
Talk back: Tell us what you want to hear about - email us at firstname.lastname@example.org.