Community
Blog

Community Blog

Add post
Filtered by tags:  Pmi
Avatar

Correction in Cable continues, PMIs not very helpful

al_dcdemo Posted 4 Oct.  in #Trader's blog #GBP/USD #Support #Resistance #Correction #Pmi #D1 Chart #Brexit Shenanigans
Markets have been relatively sedate so far this week, at least major currency pairs. There was some movement in GBP/USD, which has continued its correction lower. Mostly weaker U.K. PMI readings and ever-present Brexit shenanigans haven't helped Cable.
Technically, the pair broke back below 2016 - 2017 resistance line and August high. 50.0% retracement of the August - September rally is holding for now. Area between 50 DMA and 61.8% retracement is the next downside target. On the upside, 1.3325 …
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
Avatar

EURo looks heavy above 1.1150

al_dcdemo Posted 20 June  in #Trader's blog #Support #Resistance #EUR/USD #Fomc #Pmi #D1 Chart #U S Data
Euro traded to a new seven-month high last week after weak U.S. inflation and retail sales data. The spike was reversed few hours later on hawkish FOMC decision. PMI data at the end of the week will be closely watched by market participants.
The pair has been trading sideways for about a month. December - May channel top, late May low and 1.11 big figure level combine to a strong support area, followed by 1.10 - 1.1050 (early May high, 50 DMA). 1.13 remains a formidable upside barrier.
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
Avatar

Monday trading

megajorko Posted 5 Sep.  in #Trader's blog #GBP #Pmi
Hello traders,
As usual Monday is very calm day for trading and there was only one fundamental event which was the British PMI. The price for the pair GBP/JPY was most volatile but it returned to the point where it started only to take some stoplossess and maybe to involve others in the so called Bullish trap.
Other than that the most popular pair just made some unusual dip to reach the support in an unusual hour between 10-10:30 GMT and reached 1.1154
For my point of view the volatility will co…
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
Avatar

Cable looks supported

al_dcdemo Posted 5 Sep.  in #Trader's blog #GBP/USD #Support #Resistance #Sentiment #Pmi #D1 Chart #Business Activity
Both Manufacturing PMI and Construction PMI came in stronger than expected last week. Today's release of Services PMI will show whether this pullback in business activity and sentiment is more broad based.
The pair broke above 50 DMA last week, for the first time after Brexit. It is currently trading at the upper end of its post-Brexit consolidation pattern. A hold above 1.3350 would put 1.35 into focus. 1.3275 is the initial support.
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
Avatar

USD/CAD sells off on neutral BOC

al_dcdemo Updated 4 Mar.  in #Trader's blog #USD/CAD #Pmi #Loonie #Dovish #Neutral #Rate Statement
USD/CAD sold off after BOC didn't cut rates and published neutral rate statement. Even though market wasn't expecting any cuts, apparently it was hoping for a bit more dovishness from them. EUR/CAD fell more than 150 and GBP/CAD 200 pips, with negative PMI data released in the morning weighing on both.
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
Avatar

The Big day

megajorko Posted 23 Oct.  in #Trader's blog #NOK #Dollar #Euro #Pmi
Hello friends,
Today is the big day for traders which everybody are waiting. First I thing a lot of you have missed the NZD I think New Zealand made a drop in inflation and so NZD has dropped accordingly. I am happy I missed it because I could have entered long NZDUSD.
The most important thing for me is the coming NOK interest rate decision. I am 90% sure that we will have a break of the support USDNOK (and EURNOK maybe) but some how I am afraid of those small 10% which gives the probability of …
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

1 Comments
ilonalt avatar
ilonalt 23 Oct.

Have some green pips too!

orto leave comments
Avatar

6th of August

elmagnifico Updated 7 Aug.  in #Trader's blog #CAD #EUR #JPY #USD #Boe #Pmi #Aus #Ivey
6th of August
Back on the trader contest platform after some time off for the world cup, real life, travel and from concentrating the little trading time I´ve had on my live account. I´m going to try and stay on the contest platform for the whole of this month as much as possible. Here are my opening trades of the month.
This month - I´ll try and use the trader contest game rules to the fullest. Doing all trades with conditional orders and wait for the set take profit target to be hit. Also usin…
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
Avatar

August 2013: Trading the Chinese Flash Manufacturing PMI

annatimone Posted 21 Sep.  in #Miss Dukascopy 2013 #AUD #USA #Trading #China #Currency #AUD/USD #Market #Manifacturing #Pmi
I know past results don't guarantee future performance, but there is a lesson to be learned in looking at last month’s numbers.
Chinese Flash Manufacturing PMI (Purchasing Managers’ Index) is based on a survey of purchasing managers in the manufacturing sector.
Respondents are surveyed for their view of the economy and business conditions in China. A reading which is higher than the market forecast is bullish for the Australian dollar.
Indicator Background. Traders should pay close attention …
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

5 Comments
JBTrader avatar
JBTrader 21 Sep.

good info. Thanks!

Trader_Andrew avatar
Trader_Andrew 21 Sep.

helpful

aslamhammad avatar
aslamhammad 21 Sep.

good analysis :)

annatimone avatar
annatimone 21 Sep.

Thank you...:)

Haynes6EU avatar
Haynes6EU 23 Sep.

Thank for your analysis :)

orto leave comments

Top bloggers

Blogger Posts / Likes

Top rated posts