AdamFx42's Blog

Avatar

Looking away from the majors today

Today is the release of the NFP figures in the US - these figures are expected to come in strong -- opinions among professionel traders forecast around +210k, while the consensus is around +170k
There is a good chance the major pairs will jump and fall a lot on the release, so I decide to stay out of these
I have found two interesting pairs to trade that will hold up technically whatever the release numbers are:
Aud/Nzd has dropped 500 pips the last couple of weeks, and seems to be supported ar…
Lisez l'histoire complète
Traduire en Anglais Montrez l'original
oupour laisser des commentaires
Avatar

Selling into GBP indecision before NFP

Today I am selling GBP crosses: GBP/USD seems to be stuck on the same spot and shows no willingness to go up or down.
I have gathered all my funds and sold the crosses: GBP/NZD (NZD is a stronger currency during release times)
and GBP/AUD (I expect a bounce in AUD/USD too)
If the release on friday of NFP is a strong one, the indicator yesterday was a good sign (ADP-highest for years) for USD bulls
and then the majors will be retracing against the dollar somewhat,
I expect the crosses to move t…
Lisez l'histoire complète
Traduire en Anglais Montrez l'original
oupour laisser des commentaires