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August 2

Moon9 Posted 2 Ago  in #Trader's blog
Hello,
Today the united states dollar rose against the other major currencies as a result of the Fed's meeting yesterday. We see EUR/USD trading now at 1.1585, the pair moved down today around 80 pips. Tomorrow could be a decisive day for a potential rally for the dollar. There will be major news Non farm payrolls, unemployment rate and ISM non manufacturing PMI. If these data will come positive we can see a break of 1.1530 the strong support area and a further move down.
Good luck.
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August 1

Moon9 Posted 1 Ago  in #Trader's blog
Hello,
Today's most important economic news was the FED's interest rate decision in which they kept the rate at 2% with possible two more rate hikes this year. However this news didn't have a big impact on the dollar at least for now. Eur/usd has been trading in a trade range for two months between 1.1530 to 1.1820 and in my opinion it will stay in this range untill a major event happens after which the market will decide the real direction of this pair, it will either break the major stubborn s…
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July 4

Moon9 Posted 4 Lug  in #Trader's blog
Hello,
today is the 4th of July the United States independence day, it was a holiday in the united states but we saw some big moves in the market for example EUR/USD moved down 50 pips in two hours then it started to go back up from 1.1630. tomorrow there are many important news for the dollar. there is the ADP nonfarm employment change, ISM Non-manufacturing PMI and crude oil inventories. in case the news came positive for the dollar we can see the pair move down to its major support at 1.1530 …
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July 3

Moon9 Posted 3 Lug  in #Trader's blog
Hello,
today the united states dollar fell slightly against other currencies as there was no major positive news for the dollar also we are heading to the United States Independence Day where less volatility is expected. EUR/USD moved up around 30 pips and GBPUSD also gained around 52 pips up. tomorrow is the 4th of July so i think trading will be sideways until Thursday.
Good luck
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July 2

Moon9 Posted 2 Lug  in #Trader's blog
Hello,
today was the first trading day, the united states dollar started the day positively and gained against the other currencies. EUR/USD moved down around 80 pips but it started to pullback up after the German chancellor agreed to a deal on migration with one of her cabinet member. also the economic news today came in favor of the dollar the ISM Manufacturing PMI came at 60.2 and the expected was 58.4. tomorrow will also see a continuation of a strong dollar but we can see the 1.1720 resista…
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July 1

Moon9 Posted 1 Lug  in #Trader's blog
Hello,
a new month I hope it will be profitable for everyone. tomorrow there will be some major economic news starting from japan there will be the Tankan Large Manufacturers Index (Q2) and Tankan Large Non-Manufacturers Index (Q2) there will also be Manufacturing PMI from the united kingdom and the Eurozone and from the united states there will be ISM Manufacturing PMI so a lot of news with possible volatility is starting early this week.
Good luck to all.
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June 29

Moon9 Posted 29 Giu  in #Trader's blog
Hello,
earlier today we saw a boost for the Euro after the Euro leaders reached an immigration deal, after this news EUR/USD climbed 75 pips and the pair is now 0.87% the Euro is also boosted by the major news today like the European CPI which came 2.0% as expected. GBP/USD also moved 120 pips up today after the U.K. Gross Domestic Product (GDP) QoQ came at (0.2%) better than expected (0.1%).
good luck.
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June 28

Moon9 Posted 28 Giu  in #Trader's blog
Hello,
today the united states GDP data came out and it was 2%, less than the expected which was 2.2%. however this didn't have a strong negative impact on the dollar for example we didn't see strong moves up or down in the EUR/USD pair it is trading sideways so far however the pair reached the strong daily support area at 1.1529 earlier today and then bounced from it to the daily pivot point at 1.1588. but in GBP/USD the dollar gained more against the pound than against the Euro and the pair is…
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June 27

Moon9 Posted 27 Giu  in #Trader's blog
Hello,
the united states dollar has ended the day positively, the EUR/USD pair reached as expected the 1.155 support area which could possibly be broken in the coming days especially after a good data in favor of the dollar or negative data for the Euro. tomorrow is the united states GDP and it will play an important role in determining the next move for the pair, it will either pullback from the support area or break it and move to new yearly lows.
Good luck.
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June 26

Moon9 Posted 26 Giu  in #Trader's blog
Hello,
as i expected in yesterday's blog EUR/USD retraced to 1.1635 area today. the pair is now down -0.48%. tomorrow there will be many major economic news from the united states Core Durable Goods Orders (MoM) (May), Pending Home Sales (MoM) and Crude Oil Inventories i think these news will give the united states dollar another boost and we can see the pair trading again in the 1.1550-1.1590 area by the end of the week
good luck to all.
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