How focused are you on anticipating your forex trades? In many things in life, you can often find ways to anticipate what might happen next. In essence, you see the future.
USDJPY rises. USDCAD higher on weaker jobs The EURUSD is trading at new session low after the report and in the process is moving away from its 100 hour MA at 1.16079. The price is also now on the lower side of the 50% retracement at 1.15941. That is a risk level for shorts now.…
How to trade TRY The Turkish Lira has fallen dramatically in recent weeks. The Lira is down over 30% on the year and it had a 16% drop on One of the key reasons for the implosion of the economy has been Turkey’s current account deficit.
Ahead of the Salzburg informal summit of EU leaders EU Brexit negotiator Barnier says: The 1.2984 was near a swing low on August 30, a swing high on September 5th. The price high on the run higher moved close to that area.
Dallas Fed President (not a voter) speaking on Fox Business – jobs report shows there is a tight labor market – Fed ought to be moving toward a neutral rate, raising Fed funds rate at least 3 – 4 times over the next 9 – 12 months
Fox Business network interview Kudlow is making the rounds and speaks to the dairy issue on Fox news. He also adds: He did speak on CNBC earlier and was “responsible(?)” for a Kudlow bump.
Cluster of resistance ahead The USDJPY is moving to new session highs and in the process are moving toward the 100 and 200 hour MA and 61.8% of the range this week. A broken trend line is also up ahead. That area comes in at 111.19-23. Sellers (longs/traders looking for a correction) should lean against…
Further comments by China’s commerce ministry – China has confidence an the ability to keep stable growth – Equal talks is the only right choice to solve trade conflicts ForexLive
Latest data released by Markit – 6 September 2018 – 50.0 ForexLive Slight delay in the release by the source. Slight improvement in construction activity but nothing too convincing after the bounces up and down since early this year. Again, this is just survey data but once again it highlights that there are still some…
Comments by China’s commerce ministry – If US insists on implementing new tariffs measures, China will retaliate – China will be closely monitoring impact from new tariffs ForexLive