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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 !!
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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…
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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…
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Day 3 - Juy US jobs report in focus !!

Greetings,
US Dollar is in focus due to today's July US non farm payroll data.
July US non farm payroll has risen by 157,000 in July against estimated 191,000.
As actual data is below estimated 191K - US Dollar has turned bearish.
USDJPY chart on 15 min TF -
Key takeaways from the July jobs report are -
(a) In July, the unemployment rate edged down by 0.1 percentage point to 3.9 percent, following an increase in June. The number of unemployed persons declined by 284,000 to 6.3 million in July.
(…
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Correction: Day 3 - "July" US jobs report in focus !!

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Day 2 - GBP and TRY bearish !!

Greetings,
British Pound aka GBP has turned bearish due to dovish comments from Bank of England.
But, BoE raised interest rates by 0.25% to a post-financial crisis high.
Pairs that were impacted were: GBPUSD/GBPJPY/GBPCHF.
Turkish lira aka TRY has dropped to a new record low of $5.0822 and is looking to go even lower. Year-to-date, brings its loss outright above -24% after the White House announced yesterday it would sanction the country over the detention of a U.S pastor Andrew Brunson.
Pairs t…
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Bharatholsa has taken 6th place in Trader Contest Jul 2018

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Day 1 - Fed's rate decision ahead !!

Hi,
No one expects the Fed in its August FOMC to announce a rate increase.
This event is scheduled today at 18 GMT hours in next 3 hours.
Fed chairman, Jerome H. Powell - is also the the leader of the Federal Open Market Committee.
He has been under attack from President Trump over the Fed’s interest rate increases.
But the central bank is widely expected to set the stage for tightening credit again in September for a third time this year and then likely raise rates once again by December.
This …
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31 July - Eurozone's inflation data scheduled today !!

Hi traders and beauties,
Today is the last day of the contest.
I am happy with a top 10 finish.
Today, Eurozone's Consumer Price Index data (Inflation data) is scheduled at 9 GMT hours.
This is a high impact event with following previous data points: 2.0%, 2.0%, 1.9%.
Forecast for this event is 2.0%.
Inflation in the euro zone is within the target set by the ECB and should continue to rise due to greater inflationary pressure of world commodity prices. Mario Draghi intends to raise rates in autu…
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30 July - Monday's trading analysis !!

HI traders,
BoJ Interest Rate Decision is ahead.
It is scheduled at 2 GMT on 31/July.
Governor of the Bank of Japan Haruhiko Kuroda will announce this decision.
Previous rate was -0.10% and expected data is that it will remain same.
BoJ is far from reaching its core inflation goal of 2%.
Nevertheless, they have recently gradually limited their bond buying, triggering speculation of a quiet exit from the stimulus program.
The upcoming decision will serve as an opportunity to clarify their policy …
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29-July : Sunday's trading analysis !!

Hi traders and beauties,
Let's today talk about EURO - sole currency of 19 EU member states.
I recently came across this book - "EuroTragedy: A Drama in Nine Acts".
It analyses euro's complicated political origins and what its future might look like.
The author of this book is a Professor in International Economic Policy at the Woodrow Wilson School, Princeton University.
Since, I trade EUR pairs - EURUSD/EURCHF/EURJPY - it was on my reading list.
I would like to share the book's conclusion.
It …
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