A quick search for Actionable economic data results in overwhelming results leading to analysis paralysis.
Today we'll list some of the reports we watch out for and hopefully you'll profit from the same
Top of our list is NFP Monthly report showing changes in U.S. jobs. Drives Fed policy and indicates economic...
We are looking at USDCAD on H1.
We have higher bottoms and higher peaks. These are the signs of forming a new trend.
When a trend is in its beginning, it is much more likely to continue. Therefore, we will look for opportunities to enter buys.
What we have to take into account and be especially careful today is that it is the first Friday. I guess it's clear to...
Okay so higher timeframe breakdown
Weekly - We have a rejection, pin bar from the trendline which is ideal for short positions
Daily - Reacting from the TL also
4h - Bearish PA starting to come into play.
Target first 139.600 area. 120 pip possibility.
Important levels marked in beige, from weekly and daily charts.
Closed out on this around 45 pips, however have re-entered. I believe price will go to roughly 70.000
Has made a new low, price looking increasingly bearish, and a higher timeframe bias, NZD looking weak all around.
Busy week ahead as September kicks in. As New Zealand and the United States elections slowly approach, the Coronavirus pandemic will most likely be the center focus for many parties and how they handle the post Coronavirus world. Here is your week ahead.
Tuesday, 1st September – Germany’s Inflation and Unemployment rate
Like most of Europe, Germany is...
I would like to share my trade idea for EURGBP for the rest of the week. This is just an analysis on what I am currently seeing, since NFP week is coming up we may see consolidated markets and then some explosive movements. For right now I am bearish on EURGBP along with being bearish on the dollar but I don't really trade NFP weeks I like to mostly practice. Like...
United States Non-Farm Payroll posts 4.8 Million jobs in June, beating analysts’ expectations of a 3 million gain. The unemployment rate also fell to 11.1% in June, forecasted at 12.5%.
However, permanent job losses spike
2.1 million of the 4.8 million new jobs were created in the leisure and hospitality sector. However, permanent job losses jumped to 588,000 to...
📍 NZDUSD : NFP Positional Play
This is an example of an erroneous defence. In similar style to that of the GBPUSD position, the highs 0.652x can be defended, since it unlocks an impulsive position which is somewhat cramped via RBNZ adding more free money to the pot.
Buyers attempt at breaching the highs should be opposed, we have risk in play via Covid and...