Good morning Traders and happy Monday! This week starts with news from China, the second largest economy in the world after the U.S. Let’s go ahead and see what events are to move the markets today. China CNY, AUD 02:30 a.m. GMT + 1, CPI (MoM) (Sep)- the Consumer Price Index provides a measurement tof
EURUSD, Daily timeframe Bias: Pair in Uptrend The euro respected the short-term resistance level at 1.1900 and pulled back from it on Friday. We’re yet to see if this is only a temporary weakness. We also have to be aware that at the end of the business week, price action reacts to traders closing positions
United States USD, 13:30 p.m. GMT + 1, Core CPI (MoM) (Sep) –CPI stands for Consumer Price Index and measures the changes in the price of goods and services with the exception of food and energy. This is inflation measured from the perspective of the consumer. Expectations are for same performance during the month of
EURUSD, Daily timeframe Bias: Pair in Uptrend We saw the pair drop mildly on Thursday but mind you, this is not a bearish engulfment candle (i.e. the day doesn’t cover the bullish price action from Wednesday’s candle. We’re in an uptrend and looking to take trades in that direction. The following scenarios might take place:
Before using Tradeo’s great Copy feature you would need to pick traders that you would like to Copy trades from. In this article we will go over the process of analyzing and choosing a trader to Copy using the “Traders“ section. Once you open the “Traders“ section all the traders trading with Tradeo will be grouped in
After you analyze and choose a trader to copy based on his trading statistics it is time to configure the parameters of the trades that will be copied. When you are ready to start copying a trader you can simply click on the “Copy” button located under the trader’s summary or within the trader’s profile:
On Thursday, we have three market movers that can boost price action movement across the board. Let’s check them out. United States USD 13:30 p.m. GMT + 1, PPI (MoM) (Sep) – the Producing Price Index is a leading indicator of consumer price inflation and has a significant impact on the valuation of the dollar.
EURUSD, Daily timeframe Bias: Pair in Uptrend The euro restores its strength against the dollar with a clear rejection of the 1.1700 area. Yesterday, we saw another bullish day with 52 pips up. The bull trend is intact and now price action confirms it. The scenarios we’re monitoring are: Scenario 1: Price is now moving