Open trading account
I was unable to place a trade due to my frozen platform. This is the first time it is happening to me.I could have bought USDJPY @
98.51
98.51
forexreseacher1955's Blog
All Eyes On Non-Farm Payrolls
The much expected Non - Farm Payrolls today is likely to fuel speculations of Fed willingness to taper as soon as early next year if the
figures are positive, to compliment the unexpected GDP growth to 2.8% released yesterday. Let us wait and see what happens in the next few minutes.WATCH OUT!
figures are positive, to compliment the unexpected GDP growth to 2.8% released yesterday. Let us wait and see what happens in the next few minutes.WATCH OUT!
The Aftermath of EUR Interest Rate Cut
As the momentum created by ECB interest rate cut wears off, the European Central Bank decision will begin to have effects on other world
economies. This will definitely bring about some monetary policy shift by major players in world economy. The Royal Banks of Australia
and New Zealand will tow the same line in order to finish the "job" they had already started. If you like, you can call this my prediction, you could be right. The Bank of Canada, BOC, and the Bank of England, BOE, are most lik…
economies. This will definitely bring about some monetary policy shift by major players in world economy. The Royal Banks of Australia
and New Zealand will tow the same line in order to finish the "job" they had already started. If you like, you can call this my prediction, you could be right. The Bank of Canada, BOC, and the Bank of England, BOE, are most lik…
EUR Interest Rate Update
The take profit level of 50 pips have already been hit. The momentum is still on which is again aided by strong US GDP report.
EUR Interest Rate Cut
Sell EURUSD on the basis of EUR Interest Rate cut which is a surprise to the market
Multiple Euro Data Reports Are Mixed
I still expect the EUR to rally, though the consumer confidence is negative. So, use a tight Stop Loss when you buy EURJPY.
US NON-FARM PAYROLLS
US NON-FARM PAYROLLS figures are not good enough for my liking, especially the positive revisions in conflict with the negative
numbers. So, this is a no trade.
numbers. So, this is a no trade.
US Existing Home Sales
US Existing Home Sales: Forex Traders and Investors do not care much about this report any more, unless there is a
huge deviation big enough to surprise the market, about 400k. So, let
us see what will happen in a few minutes time. But the BIG ONE is
tomorrow, US NON-FARM PAYROLLS.
huge deviation big enough to surprise the market, about 400k. So, let
us see what will happen in a few minutes time. But the BIG ONE is
tomorrow, US NON-FARM PAYROLLS.
US Govt. Shutdown
The market is optimistic of a last minute deal by the US Congress to end the Shutdown. As a result, there has been a USD rally since the London Open. I hope this will continue till a final deal is reached. The US Government cannot afford the consequence of debt-default. Therefore, I am Long on USDJPY. But if a deal fails to materialize before midnight today, the US Dollar will collapse.