Show panel Hide panel

Best wins View all achievements

Show panel Hide panel

Last 3 posts Show blog

Avatar

Day 6 - Will EUR/USD break to the upside ?

Greetings,
With NFP disappointing, the Euro should see a break to the upside.
I say this because the USD (DXY) and EUR/USD are moving with matching highs and lows.
Indicating the Euro is being bought.
Looking at momentum indicators and pivot S/R on weekly TF - EURUSD may see upside to the 1.171/3 band.
Cheers !!
Read full story
Translate to English Show original
orto leave comments
Avatar

Day 5 - Japan to report GDP data next week !!

Greetings,
First reading of second quarter GDP growth in Japan is due on 10/August (Friday).
This will be a major trigger for price action of JPY.
Pairs to be impacted are : USDJPY/EURJPY/GBPJPY
Japan ended its 2 years of economic expansion in the 1st quarter of 2018 when GDP contracted by 0.6% on an YoY basis. But, growth is expected to have bounced back in the 2nd quarter with the economy forecast to have expanded by an 1.4% YoY.
Ahead of that though, household spending and average cash earnin…
Read full story
Translate to English Show original
orto leave comments
Avatar

Day 4 - RBA and RBNZ rate decisions next week !!

Greetings,
Reserve Bank of Australia (RBA) will make its rate decision on Aug 07/2018 (Tuesday) while the Reserve Bank of New Zealand (RBNZ) will do it on Aug 09/2018 (Thursday).
Current prevailing interest rates in Australia and New Zealand are -
Australia = 1.50%
New Zealand = 1.75%
This data chart shows the loose monetary policy followed by RBA and RBNZ -
RBA has kept interest rates unchanged since August 2016
RBNZ has kept interest rates unchanged since November 2016
Once again next week, Au…
Read full story
Translate to English Show original
orto leave comments