EURUSD, Daily timeframe The euro dollar gained about 27 pips on Thursday trading around 1.1871 in the late afternoon. The market appears quiet but we need to be aware of the high volatility coming up today with the Nonfarm payrolls. Banks and professional traders alike follow closely the event and reactions within the first minutes
The major focus of the day will be on the pound and the U.S. dollar. There’ll be a lot of activity today and thus potential opportunities to capitalize on. United Kingdom GBP 09:30 a.m. GMT +1, Services PMI (Jul) – expectations for the performance sector are for an increase in July at 53.6 vs. 53.4
EURUSD, Daily timeframe Pair in Uptrend We had a positive price action on Wednesday with the pair gaining about 68 pips. The market is trending and out long-term bullish approach is in line both with the technicals and the fundamentals. Currently, we’re witnessing Scenario 2 playing out where the day before had an inside bar
We have three major catalysts today in the market. All three are high-impact events with weight to move the currencies of the respective countries and create opportunities. United Kingdom GBP 09:30 a.m. GMT +1, Construction PMI (Jul) –Market analyst expectations are for a small decrease in the Construction Sector. For the month of July analysts
EURUSD, Daily timeframe Pair in Uptrend On Tuesday, the euro decreased by 35 pips which is a minor movement for the day. The market is awaiting further market news for move definitive action. The uptrend is intact, so our stance on riding the major market move along with bulls remains unchanged. The scenarios we monitor
Hello Traders! It looks like we’re going to have an action-packed day today. Let’s see what’s on the calendar. Switzerland – All day National Holiday China CNY and AUD 02:45 a.m. GMT +1 Caixin Manufacturing PMI (Jul) – analyst expectations are for no change at 50.4 for the month of July. A higher than expected
EURUSD, Daily timeframe Pair in Uptrend Yet, another bullish day for the euro. The pair advanced another 67 pips and traded around 1.1810 in the late Monday afternoon. What should we look out for. As you remember, we’re looking to go with the trend. Scenario 1: The pair could continue to soar to new heights.
Good morning Traders! Today, we have three major events on the calendar that are likely to bring in fresh volatility in the markets. All three are high-impact news, so we’ll be on the lookout for opportunities across markets. China CNY and AUD 02:00 a.m. GMT + 1, Manufacturing PMI (Jul) – market analysts are forecasting