130 pips for the week. But that can be a good for next week. 1.1735 The EURUSD made new lows for the week today and in doing so, they extended the range for the week. The range for the week is now 130 pips. Big deal. Putting that number in perspective, it is the most…
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Modest advances after Amazon earnings The US stock market is open for trading with the major indices higher vs the close from yesterday: Amazon reported much stronger-than-expected earnings after the close and is currently up $62 or 3.47% at $1870.
Getting on the perfect wave, and riding it all the way The 100-banger is a mythical creature in markets. It means making a single trade and earning 100 times your money. $1,000 into $100,000.
Tests high for the day The GBPUSD is moving back above its 200 hour MA at 1.31092. The price moved below that MA and closed below that MA on each of the hourly bars today. The move above is showing more buying interest. Stay above is more bullish (at least for the time being).
Moody’s Headlines Moody’s: – China’s policy easing signals change in stance. – Keeps China economic growth forecasts at 6.6% in 2018. – Immediate China credit implications ‘limited’.
Survey results ECB Survey: – Sees 2018 euro zone inflation at 1.7% v 1.5% seen 3 months ago – Sees 2019 inflation at 1.7% v 1.6% earlier, 2020 prediction unchanged at 1.7%
DXY technical analysis How about the coil here! We’ve talked about the Euro strength, but this is the other side. Daily thoughts: – Coiling price action into a triangle.
EUR/USD technical analysis Now the ECB decision is done and dusted surprise free, lets get back to the main technical scenario we’ve been talking about. Daily thoughts:
Headline miss The numbers ForexLive