Just like yesterday, today the Pound leads the list of news items.
GBP Claimant Count Change is 25.7K expected 20.5K was -22.5K
The figure indicates:
Change in the number of people claiming unemployment-related benefits during the previous month;
and this is not favorable for the English economy and therefore for the Pound. But the Pound reacts differently to it today. In the EURGBP the Pound is stronger, dis is also the case with GBPUSD but not with the GBPJPY.
Just check all positions:
GBPJPY : last night the sell hit. Today, the pair pulls back at the 181.7 level. Our sell is at 180.8.
GBPAUD : the trailing stop has been turned on. Today's figures make for a strong pound that nicely supports our buy.
AUDCAD : unfortunately, the trend change does not continue. Today the buyers do a pass on the place.
NZDJPY : today shows this pair and nice short movement. We turned on a traling stop. We let the pair set a clear trend so that we can trade again.
CADCHF : this pair is working in the right direction but we have to be careful that the pair is going to get to the end of the channel. The super trend has been activated on the Daily. We let the couple walk.
CHFJPY : This pair is not strong in a short trend. We'll leave the couple for now. We have a sell run with an SL at 160.9. So we still have options.
S&P500 : After a few days of decline, this week is positive again. Our buy is back in the plus.
EURUSD : our rating system says the following: +2, or a neutral rating after adding up all categories. Institutional traders EUR has a long rate of 73.83% and we see that the USD has a long rate of 77.3%.
This category gets a 0, as institutional traders do not have a strong preference.
If we look at EURUSD, we see that retailers are 14.% long and 86% short. Currently, the EURUSD is given a value of +1 in this category. If we look at seasonality, we get a score of +1. What this tells us is that based on historical data, this market tends to rise this month.
In this case, we have a score of +2.
Finally, let's look at the basics. GDP growth is in favor of the USD, inflation in favor of the EUR, unemployment in favor of the USD, and interest rates in favor of the USD. We have therefore set a buy position at 1,102.
GBP Claimant Count Change is 25.7K expected 20.5K was -22.5K
The figure indicates:
Change in the number of people claiming unemployment-related benefits during the previous month;
and this is not favorable for the English economy and therefore for the Pound. But the Pound reacts differently to it today. In the EURGBP the Pound is stronger, dis is also the case with GBPUSD but not with the GBPJPY.
Just check all positions:
GBPJPY : last night the sell hit. Today, the pair pulls back at the 181.7 level. Our sell is at 180.8.
GBPAUD : the trailing stop has been turned on. Today's figures make for a strong pound that nicely supports our buy.
AUDCAD : unfortunately, the trend change does not continue. Today the buyers do a pass on the place.
NZDJPY : today shows this pair and nice short movement. We turned on a traling stop. We let the pair set a clear trend so that we can trade again.
CADCHF : this pair is working in the right direction but we have to be careful that the pair is going to get to the end of the channel. The super trend has been activated on the Daily. We let the couple walk.
CHFJPY : This pair is not strong in a short trend. We'll leave the couple for now. We have a sell run with an SL at 160.9. So we still have options.
S&P500 : After a few days of decline, this week is positive again. Our buy is back in the plus.
EURUSD : our rating system says the following: +2, or a neutral rating after adding up all categories. Institutional traders EUR has a long rate of 73.83% and we see that the USD has a long rate of 77.3%.
This category gets a 0, as institutional traders do not have a strong preference.
If we look at EURUSD, we see that retailers are 14.% long and 86% short. Currently, the EURUSD is given a value of +1 in this category. If we look at seasonality, we get a score of +1. What this tells us is that based on historical data, this market tends to rise this month.
In this case, we have a score of +2.
Finally, let's look at the basics. GDP growth is in favor of the USD, inflation in favor of the EUR, unemployment in favor of the USD, and interest rates in favor of the USD. We have therefore set a buy position at 1,102.