EURO Economic Calendar Prediction Update for September 23, 2016
Economic-FundamentalPredictions:
At 3am (New York Time), there is French Flash Manufacturing PMI and Services PMI coming up. Now, according to my predictive analysis of where France's data is going at that time, it is mixed. So, I will watch and see how bad it is. Yeah, my bias is that it will be bad, but I am only watching it.
At 3:30am (New York Time), there is German Flash Manufacturing PMI and Services PMI data coming out. Now, according to my predictive analysis, the German Manufacturing data will be bearish; HOWEVER, I am unsure about the services PMI. They come out at the same time. I would SELL EUR/USD, but the rest of the data is unknown to me in a predictive way. So, this would be a no trade.
At 4am (New York Time): After that if EVERYTHING comes out negative, then for the EURO data coming out at 4am, I would have to speculate about it as I have missing pieces...and I am not going to do it tonoght, for I am kinda sleepy. I may stay asleep all night long.
Speculation:
EUR/USD to the short side.
EURGBP: A lot of people from this may think that EURGBP will fall,
but here is an alternate view: The market will spike down to the outer trendline, and then go after the higher to a much higher level according to the chart:
At 3am (New York Time), there is French Flash Manufacturing PMI and Services PMI coming up. Now, according to my predictive analysis of where France's data is going at that time, it is mixed. So, I will watch and see how bad it is. Yeah, my bias is that it will be bad, but I am only watching it.
At 3:30am (New York Time), there is German Flash Manufacturing PMI and Services PMI data coming out. Now, according to my predictive analysis, the German Manufacturing data will be bearish; HOWEVER, I am unsure about the services PMI. They come out at the same time. I would SELL EUR/USD, but the rest of the data is unknown to me in a predictive way. So, this would be a no trade.
At 4am (New York Time): After that if EVERYTHING comes out negative, then for the EURO data coming out at 4am, I would have to speculate about it as I have missing pieces...and I am not going to do it tonoght, for I am kinda sleepy. I may stay asleep all night long.
Speculation:
EUR/USD to the short side.
EURGBP: A lot of people from this may think that EURGBP will fall,
but here is an alternate view: The market will spike down to the outer trendline, and then go after the higher to a much higher level according to the chart:
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I thought I updated this in the morning. I guess it was somewhere else on TV or chat.
So, as the news came out mixed, but positive for French and mixed for Germany, immediately, the data for the EURO would have been mixed-bullish. This cause EURGBP to rise continually according to my chart. I closed my short in EURUSD as well. Then I went to sleep.
Then, I kept warning others not to short EURGBP, but I guess I am just talking to the air. They don't care about economics and fundamentals, but gambling away on chart-throwing. It is nonsense.
So, as the news came out mixed, but positive for French and mixed for Germany, immediately, the data for the EURO would have been mixed-bullish. This cause EURGBP to rise continually according to my chart. I closed my short in EURUSD as well. Then I went to sleep.
Then, I kept warning others not to short EURGBP, but I guess I am just talking to the air. They don't care about economics and fundamentals, but gambling away on chart-throwing. It is nonsense.
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This is another reason why a trader cannot ignore the economic direction. The data did not come out negative, but was mixed in Germany as I suspected. French data came out positive. Thus, EURO data was mixed and not bearish. Euro takes off.
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Sellers not convinced yet on a 45 minute chart:
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It just means the GBP is weaker than the EUR. It is better to trade a stronger pair against a weaker one, like USD against the EUR.
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EURUSD:
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Capturing the swings of the stock market & currency market. It's a dirty job and equity/currency traders must do it.
