Here are the key factors to keep in mind today for Euro trades:
German PPI: The German PPI for August increased by 0.5% monthly and by 0.3% annualized. Economists predicted a decrease of 0.2% monthly and an increase of 0.6% annualized. Forex traders can compare this to the German PPI for July which increased by 0.1% monthly and by 1.1% annualized.
BUY signal at 44.15 $
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Hi, today we are going to talk about XBT and in a Day Trade opportunity.
We observe a 60M chart, some important points such as supports and resistances (and levels of strength) to the Day Trade. The details are highlighted above.
Thank you for reading and leave your comments if you like.
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Market sold off to 38.2% level of yesterday's RTH session and bounced and took out yesterday's high this morning.
We should see a pullback sometime today.
Level to watch 3015---3013
Reports to be aware of are:
US:Existing Home Sales
10:00 AM ET
10:00 AM ET
US:EIA Natural Gas Report
10:30 AM ET