Looking at NZDUSD H1 time frame, we can see that price is currently trading in a correction. This is a bullish correction formation at this point in time which indicates that we should see a break to the upside. I am looking to trade wave 4 to the top of the structure and will then wait for confirmation of a break to the upside or a reversal to complete wave 5...
Germany Factory Orders came -2.2%
Economy Slows Down Continuously
ECB policymakers think the slowdown is no longer temporary.
US NFP and Job Report will be released.
A Better than expected NFP scenario near term overview: 1.11100
EURUSD's resistance held perfectly and we could see a huge sell off on all EUR pairs as yesterdays Interest rate decision
held 0% as expected.
We could see today and nice pullback, which could continue to the next week and next week is gonna be huge for EURUSD
as i will be aiming and sniping targets for longterm shorts!
Let's wait for crucial areas here (Red zone...
XAUUSD is currently at a resistance level and could see a possible reversal trend due to the NFP today! Use proper risk management.
Please support me by leaving a like and feel free to drop a comment about this setup and whether it works for you.
EUR/USD after breaking the resistance at 1.14198 is currently in a retracement rally.
Moreover a strong bearish engulfing candle has formed at the resistance.
Hence we expect the pair to be bearish and move to support level at 1.13069.
Alright, so today will be published statistics on the US labor market. In this review we will remind its content, talk about how to respond to a particular indicator, as well as tell our expectations.
The block of statistical data on the US labor market includes a number of other significant indicators besides an NFP (non-farm payrolls) - the number of new jobs...
We continue to prepare our followers to the most important event of the week or probably even of a month - labor market statistics of the USA.
Yesterday, traditionally, a couple of days before official statistics, data from the ADP Research Institute on the level of employment in the private sector were published. Recall, analysts had expected growth rate at...
What to Expect from Tonight NFP? THREE SCENARIOS!
Above shown three different set of arrows (Three Different scenarios )
Scenario 1 (Green Arrows) >WAY better than expected NFP report (Bullish)
Trend line continuation. USDJPY may have a spike and retest before a rejection from the major psychological level of 114.5 before going back down to trend line before...
Trade tension between the US and China are contributing to the recent USD strength at the time of this writing. New tariffs on China may lead to a retaliation, causing some nervousness in global markets.
As a result the focus on the Non-Farm Payrolls (NFP) may be limited, however, some reaction is often seen when the US employment figures are...
The dollar again approached the upper border of its medium-term range 93.30-95.40. As reasons for this, you can call both an excellent form of the US economy and summer range trading, when assets are circulating from the top to the bottom. As a rule, as a reason for a rebound from the boundaries of the range, one or another fundamental factor is chosen.
Is it just me or has USDCAD been sleeping this week? EUR, GBP, all moving like crazy and the canadians are as cold as ice.
When I see that I usually expect a big move to come, and considering we've been failing to go lower this week I'll expect a move higher. Even if its only a spike. I say that because this is a reversal trade. CAD is looking strong in general,...