AUDUSD Asian Session Recap & London New York Outlook:
The Aussie (AUDUSD) and the Kiwi (NZDUSD) moved significantly lower in the Asian session due to the bearish economic report Employment Change for the month of September. The economic report showed Employment Change (Sep)
Actual: 0.9K Forecast: 25.0K Previous: 36.3K, this data resulted in a steep decline in jobs from a previous and forecasted amount and can be fundamentally bearish going forward for the Australian dollar. The Aussie saw lows of 0.68286 in the Asian session.
Technically after the Aussie lows during the Asian session I was looking for a short term buy long opportunity watching for momentum on the near default period MACD histogram, but the bullish signal did not show itself on the 4 hour timeframe this time, though it must have on lower timeframes as a bullish spike occured. The Aussie has been trading under the 200 daily moving average and can be technically bearish going forward longer term. The Aussie rose to 0.62700 during the end of the Asian session. The London and New York sessions might provide more opportunities.
Earlier this week USDJPY had a flash crash, the pair dropped more than 100 pips in a minute or two. This provided a nice short opportunity. Later tonight Europe will be having a volatile event, The EU Leaders Summit will start in the London trading session and there is also big news tomorrow for the states, which include Initial Jobless Claims
Forecast: 230K Previous: 228K, and Existing Home Sales (Sep)
Forecast: 4.70M Previous: 4.80M. EURUSD
might be a good pair to watch in the New York Session. $AUD/USD
Ilyas Khan Top1 Markets
Actual: 0.9K Forecast: 25.0K Previous: 36.3K, this data resulted in a steep decline in jobs from a previous and forecasted amount and can be fundamentally bearish going forward for the Australian dollar. The Aussie saw lows of 0.68286 in the Asian session.
Technically after the Aussie lows during the Asian session I was looking for a short term buy long opportunity watching for momentum on the near default period MACD histogram, but the bullish signal did not show itself on the 4 hour timeframe this time, though it must have on lower timeframes as a bullish spike occured. The Aussie has been trading under the 200 daily moving average and can be technically bearish going forward longer term. The Aussie rose to 0.62700 during the end of the Asian session. The London and New York sessions might provide more opportunities.
Earlier this week USDJPY had a flash crash, the pair dropped more than 100 pips in a minute or two. This provided a nice short opportunity. Later tonight Europe will be having a volatile event, The EU Leaders Summit will start in the London trading session and there is also big news tomorrow for the states, which include Initial Jobless Claims
Forecast: 230K Previous: 228K, and Existing Home Sales (Sep)
Forecast: 4.70M Previous: 4.80M. EURUSD
might be a good pair to watch in the New York Session. $AUD/USD
Ilyas Khan Top1 Markets