Trading today will be not too easy. Why? Not because of the news. Only because we don’t have too much actual clear options.
During the European session ECB member’s speeches can move the EUR or other currencies. I don’t really like speeches, because you count with them. You don’t know what will happen…
The US sessions two main news will be the US PPI and the Canadian Nonfarm Employment Change. So we will skip these currencies for the morning. I’m waiting for strong USD (positive numbers) and weaker CAD.
About the pairs.
I already wrote that NZDJPY is still a nice BUY option if it will go back again. I wrote to the Wednesday’s closed trade that I placed a BUY STOP.
You know what? I’m sure that GOLD will go down today. Why? The USD will be strong today and the GOLD jumped too much so it has to retrace. Will we trade with it this morning? NO. There are no signs in the technal analysis right now 😔
I don’t want to write the same to many other other pairs. If the market will move, and will show us trading options, I’ll share them. Right now, I don’t really see too much options. Maybe the speeches or the US session’s nubers will help us.
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