On Friday we were wait for the US Nonfarm Payrolls. We were sure about the positive numbers, as all the forecasts showed it earlier.
Next week is about Interest Rate Decisions. US and the EU meetings were already done. Next week we have to check Bank of England’s, Reserve Bank of Australia’s and Reserve Bank of New-Zealand’s meeting.
BoE is expected to hold the interest rate unchanged, but not this is the only number what we’re waiting for on Thursday. BoE Inflation Report will also published @ the same time. This probably will boost the GBP.
The chance that Australia’s and New-Zealand’s Interest Rates will be unchanged are real high. Most of the analysts bet to a high jump of the NZD after the RBNZ Rate Statement. The Australian forecasts are lot complicated and there are many tips about RBA’s Statement. I’m on the Bullish side right now, but don’t hurry, there will many thing happen before the publication of the Rate Statement.
Monday will be an easy trading day. The Asian session will be calm. The European session’s main economy numbers will be the Services PMI’s (Purchasing Managers Index).
The US session will also start with publishing of PMI numbers, First the Services PMI, and later the Non-Manufacturing PMI.
Trading on Monday will be easy for my Forex Strategy Course members. We’ll easily earn money in the morning market with some scalping trades.
We’ll hunt for more pips if the fresh economy numbers helps us. After I finised with my daily technical analysis I saw some EUR pairs near to confirmation of SELL trades. That means if the EU zone’s PMIs will be negative we’ll have many trading opportunities for 50-200 PIPs movements.
I’m Bullish on GBP, so a good PMI number will able to help earn nice profit 2 of the GBP pairs I’m watching.
Many of my trader friends wanted to bury USD last week. I waited for the NFP numbers and the US dollar Index reached the 89.00 limit, what I predicted in the morning. What do I think about the USD now? The support of NFP was weakened near the closure of the market, but I still think that the USD will go back higher in the first days of the week.
I’m not 100% in this because the investors have fears about the next possible Government Shutdown. So before any USD trade, we have to read more news and analyse the charts in our 3 used timeframes.
Come back tomorrow and check the free trade shares, or just follow the EXPRESS SIGNALS, or the DailyProfit4Life FOREX TRADING STRATEGY COURSE to multiply your money month by month!