Here is two words that go well together – trading and volatility. As a trader or investor you may be able to generate returns in a bear market or a bull market but you will find it very hard to generate consistent returns if the market is not going anywhere. In other words traders need
EURUSD, Daily timeframe Bias: Ranging within an Uptrend The euro dollar has been stagnant for some time now. A high-impact market event is much needed to shake up the pair. The sideways motion of the pair shows currently that traders are relatively consolidated in their opinions about the price of the currency against its dollar
There are two big market-moving events for the day- one is during the early Australian Session and the then we have the EU hitting the wires. Australia AUD, 01:30 a.m. GMT + 1, Retail Sales (MoM) (Aug) – the number will tell us the change in the inflation-adjusted sales at the retail level. The measurement
United Kingdom GBP, 09:30 a.m. GMT +1, Services PMI (Sept)- expectations are for no change and performance in the Services Sector to be at 53.2 in September, same as for the last period. If the actual result comes out better than expectations, this should be read as a bullish sign for the pound, while if
EURUSD, Daily timeframe Bias: Ranging within an Uptrend On Tuesday, we saw that the pair started to push away from 1.1700 area. Currently, the price action is choppy and we would need an impulsive bullish candle in order to confirm a potential bullish directional move. The scenarios we’re monitoring are: Scenario 1: Price could continue
Today, the markets will see volatility coming in during the early hours of the Australian trading Session. Retail traders and big players will be awaiting the market-moving interest rate decision from Australia. Germany will be off for the day since the country is celebrating Unification Day. London Session, however, will be –resent in full swing.
EURUSD, Daily timeframe Bias: Uptrend On Monday we saw the euro lose about 70 pips against the dollar and currently the pair is testing the 1.1700 support level. There are a couple of developments that could take place from here: Scenario 1: Price could continue to continue to drop and move toward the 1.1600 support
It’s the first business day of the week, Traders! We start with high-impact events from Japan, Europe, the United Kingdom and the U.S. Moreover, China has a holiday and Hong Kong also celebrates a National day. It’s a big day as we’re expecting manufacturing numbers and as you know those are crucial for the economies