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EUR/JPY LONG POSITION

ak10 Posted 22 Nov.  in #Trader's blog
Hello Friends,
I have placed a buy order in EUR/JPY as I found it is stabilizing near its previous support.
Below I have attached screen shot of the hourly chart with the order entry points take profit and stop loss levels.
Wish you all Happy and profitable trading.
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FIRST DAY OF WEEK

ak10 Posted 20 Nov.  in #Trader's blog
Hello Friends,
I was quite confused today so haven't opened any major position today. I was looking at USD/JPY it was consolidated for a long but I was confused where it will rise from here or will it test its major support around 111. Tomorrow I will look for double bottom like structure in it and if I gets it near 112.1 level then I will open a long position in it.
WISH YOU ALL HAPPY AND PROFITABLE TRADING.
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FOMC Minutes and USD/JPY

ak10 Posted 19 Nov.  in #Trader's blog
Hello Friends,
Weekend is about to end and we will be back to work.
On Friday my long position in GBP/USD has closed as target got hit. This week I will focus on JPY pairs if USD/JPY reaches it's next support which is around 111 and if it doesn't break it I will open a long position in GBP/JPY for the target of 50 pips as these days GBP is the strongest currency on account of rising inflation in United Kingdom.
Wish you all my friends happy and profitable trading.
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AUD/USD WHAT NEXT

ak10 Posted 18 Nov.  in #Trader's blog
Hello Friends,
I am Watching AUD/USD daily and waiting for it's stabilisation and reversal. As recently published data suggest Australian economy is growing at good rate and unemployment rate is also falling, labour market is strengthening just concern is about low inflation and low inflation is worldwide trend. So I am keeping watch on RBA minutes which will be released this Tuesday to get broad insight about RBA's view and then will open a long position in AUD pairs.
Wish you all Happy Weekend.
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EUR/USD

ak10 Posted 17 Nov.  in #Trader's blog
Hello Friends,
Today I will talk about ECB President Mario Draghi speech in Frankfurt about euro zone economic growth outlook.
Important points to note are.
1. Euro zone GDP growth ig very good.
2. Risks to growth are dissipated as compared to pre crisis periods.
3. Global economies are also growing at good rate.
4. Labor market is growing at good rate despite more addition of workforce
Just one concern he highlighted that inflation is still subdued and well below ECB's target of 2 percent and E…
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US Dollar

ak10 Posted 16 Nov.  in #Trader's blog
Hello Friends,
Today's economic data published about US unemployment claims benefit have rose unexpectedly than last week's data so US dollars have retraced to lower levels near previous support. But as we know today there will be crucial update about US tax bill. Some positive development coming forth so USD again showing gains. So if tax bill is passed by senate this time USD/JPY will cross 115 level. So let's watch today's development.
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TODAY'S TRADING POSITION

ak10 Updated 15 Nov.  in #Trader's blog
Hello Friends,
Today I have checked so many pairs and found GBP/USD quite strong to open a long position as USD getting weaker. Today's CPI published is reported at 2% less than expectations of 2.2% and retail sales also are quite lower than previous 1.9% so future CPI may be also less than expectations.
Open at : 1.31490.
Target at: 1.32590
Stop Loss at: 1.30490.
Below I am giving hourly chart.
Wish you all Happy and Profitable trading Friends.
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UPCOMING IMPORTANT ECONOMIC EVENTS

ak10 Posted 12 Nov.  in #Trader's blog
Hello friends,
Weekend is about to end after few hours we will be back to work, so I decided to write blog about some important economic data to be published next week.
1. On Monday Bank Of Japan Governor Kuroda will speak.
2. On Tuesday Germany's GDP and inflation data to be published. GBP Inflation data will also be published which will decide GBP/USD'S strength.
3. On Wednesday US CPI data will be published it may help break USD/JPY either side as we know USD/JPY trading sideways since last w…
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Today's economic data of UK and USA

ak10 Posted 10 Nov.  in #Trader's blog
Hello friends.
If we have a look at today's economic data published of United Kingdom and United States of America we will find there is growth in United Kingdom industrial production as well as in manufacturing production and so trade deficit has reduced. Industrial production rose to 2.7 better than expectations and manufacturing production rose to 2.5 from previous 1.8. United States university of Michigan sentiment fall to 97.8 worse than expectations of 100.9. So at the end of the day we ca…
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TODAY'S ECONOMIC DATA

ak10 Posted 10 Nov.  in #Trader's blog
Hello Friends,
If we look at today's economic data we will see there is growth in United Kingdom's manufacturing production, it is at 2.7 as well as in Industrial production also rose to 2.5 higher than previous 1.8, trade deficit also decreased so overall quite positive developments for United Kingdom. On the other side we will see there is drop in United States University of Michigan sentiment decreased and it is below expectations and it is at 97.8 .so we have seen GBP/USD has seen nearly 100…
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