Market News Yesterday:
Important to note that the major drivers of the markets these days are the important figure releases, the economic indicators.
At 14:00 BOE Monetary Policy Report and the Official Bank Rate pushed the GBPUSD and EURUSD downwards, over 100 pips.
Today we see both of those pairs to slowdown. This might be an opportunity for going long catching the retracement.
However, important to note that the NF Unemployment Change for the USA might get in the way of this plan.
Previous figures show positive changes in favor of the USD, thus going long before the release is very risky:
Jan 6, 2023 223K
Dec 2, 2022 263K
Nov 4, 2022 261K
Oct 7, 2022 263K
Sep 2, 2022 315K
Technicals: As always, if the shock stops at 1.089 then the arrow shows where the market will at least retrace, to the 61% of the move, at around 1.095.
Important to note that the major drivers of the markets these days are the important figure releases, the economic indicators.
At 14:00 BOE Monetary Policy Report and the Official Bank Rate pushed the GBPUSD and EURUSD downwards, over 100 pips.
Today we see both of those pairs to slowdown. This might be an opportunity for going long catching the retracement.
However, important to note that the NF Unemployment Change for the USA might get in the way of this plan.
Previous figures show positive changes in favor of the USD, thus going long before the release is very risky:
Jan 6, 2023 223K
Dec 2, 2022 263K
Nov 4, 2022 261K
Oct 7, 2022 263K
Sep 2, 2022 315K
Technicals: As always, if the shock stops at 1.089 then the arrow shows where the market will at least retrace, to the 61% of the move, at around 1.095.
Comment:
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