broke trendline and go to the 1.0700 before news for GDP and Unemployment on USA
Comment:
Theresa May triggered Article 50 as we expected,and the gbp is loosing value against the major currencies. Shortly after this Donald Tusk announced that he is holding an urgent press conference .We at Ruzey invest believe that the main topic will be EU’s position after Article 50 was triggered.We can expect a change in prices in the gbp and eur traded pairs.We suggest waiting for the press conf. to end and then deciding what position to take
Comment:
Fundamental analysis 30.03.2017-Ruzey invest
Today we have a lot of news on which we have to focus.The reports are mainly for the US economy,and we believe that they will drive the dollar traded pairs.The first big news is the Initial Jobless Claims report released monthly by US Department of Labor.This report includes the number of people filing first-time claims for state unemployment insurance.The report is announced weekly,and last week’s rate was 261k and the prediction for this weeks is 244k.This reduction is good for the greenback ,because there are less unemployed people which means that the economy is working more effective.The next big news for the dollar is the final GDP q/q (US).The preliminary data showed an increase of 1.9% ,expectations for the final data is for an increase of 2 % .We aren’t sure about this increase ,because when the preliminary data was announced the actual results and the expectations didn’t meet and the dollar lost a lot of value.We suggest safe trading and waiting for the actual data to be announced.(3;30 pm GMT-+2:00).The day is filled with news about the US economy,we are expecting the report for the Personal Consumption Expenditures Prices(Q4).This indicator measures the price change in consumer goods and services .Expectations are for the PCEP to be 2,1% which is higher than the q3 value (1,9%).We think that this increase is possible because the last couple of months the inflation data is good,and the CPI is also increasing.We recommend long positions on the dollar traded currencies.
Today we have a lot of news on which we have to focus.The reports are mainly for the US economy,and we believe that they will drive the dollar traded pairs.The first big news is the Initial Jobless Claims report released monthly by US Department of Labor.This report includes the number of people filing first-time claims for state unemployment insurance.The report is announced weekly,and last week’s rate was 261k and the prediction for this weeks is 244k.This reduction is good for the greenback ,because there are less unemployed people which means that the economy is working more effective.The next big news for the dollar is the final GDP q/q (US).The preliminary data showed an increase of 1.9% ,expectations for the final data is for an increase of 2 % .We aren’t sure about this increase ,because when the preliminary data was announced the actual results and the expectations didn’t meet and the dollar lost a lot of value.We suggest safe trading and waiting for the actual data to be announced.(3;30 pm GMT-+2:00).The day is filled with news about the US economy,we are expecting the report for the Personal Consumption Expenditures Prices(Q4).This indicator measures the price change in consumer goods and services .Expectations are for the PCEP to be 2,1% which is higher than the q3 value (1,9%).We think that this increase is possible because the last couple of months the inflation data is good,and the CPI is also increasing.We recommend long positions on the dollar traded currencies.
Comment:
Broke second trendline go short
Comment:
Euro dolar go to next support 1.06200 maybe reverse to 1.06200 or 1.6000