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Day 6 - Will EUR/USD break to the upside ?

bharatholsa Posted 6 Aug.  in #Trader's blog
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 !!

bharatholsa Posted 5 Aug.  in #Trader's blog
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 !!

bharatholsa Posted 4 Aug.  in #Trader's blog
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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