Today, I was not lucky with the news. During the day every movement ruined the signals was near to confirmation. But @ the end the FOMC Statement and the Interest Rate Decision helped.
The FED kept the Interest rate between 1,25%-1,50%. READ ABOUT THE MEETING HERE!
This happened with the USD:
If you analize the USD chart in the 15M and 30M you can see Bullish candle stick pattern and the 1H technical analysis also shows Bullish direction. So the last 2 candle must be a small retracement.
Talk some words about the news tomorrow.
You can see that tomorrow will be filled with fresh economy numbers, but the most importants will be the German (EU’s leader’s), the British and the US Manufacturing PMI. These can make the biggest movements tomorrow.
Today, the Forex Strategy Course students made many clear and fast trades, with EURJPY, GBPAUD, EURUSD and generated 30-70 pips profit easily.
If I’m right and USD will become stronger tomorrow, we’ll receive clear signals to EUR, and USD pairs and to GOLD too. GBP also can be a good option, but mostly if the British PMI will be worse than the expected.
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“The dollar came under renewed selling pressure on Wednesday, sliding lower against a basket of the other major currencies ahead of the Federal Reserve’s policy decision.
The dollar has come under pressure as it has lost its relative yield attraction for investors. A faster rate of monetary tightening outside the U.S. would lessen the divergence between the Federal Reserve and other central banks.
The dollar showed limited reaction to U.S. President Donald Trump’s State of the Union speech, in which he urged Congress to pass legislation to stimulate at least .
Investors remained cautious ahead of a slate of events this week, including the that ends later on Wednesday and Friday’s U.S. employment report for January.”
READ THE WHOLE POST HERE!
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Lets talk about tomorrow news.The Asian Session will start with Japanese and Australian numbers. We’re interested in the Australian CPI and if it’ll be good, it’ll help us to close the AUDNZD trade.
The 2nd thing we’re waiting for is the Trump Speech, what can help the USD to become stronger again.
The European economy numbers will be published from 8:00-11:00. The forecasts shows weaker numbers than the earliers. I’ll be real happy if the EUR will become weaker.
During the US session the US employment datas and the Canadian GDP will be published first, but we have to be careful because of the FOMC Statetement and the Interest Rate Decision.
So, as you can see, tomorrow will be full of happenings what can ruin or help our trades to close fast. I’ll be real careful tomorrow, so we’ll only make short trades and we’ll hedge our trades near the important news.
I will watch the Trump Speech and will prepare for trading. I hope most of the Forex Strategy Course students will be up with me and scalping after the news…
Come back tomorrow and check the new trades, or join the EXPRESS SIGNALS now and receive the signals on time.
Monday was real good and until now the Tuesday stats are also seems real good. We made more than 350 pips profit in the last 2 days and I’m sure that we’ll make lot more…
I’ll finalize this post when all the trades will be closed (I hope it will be done before the FOMC Statement).
And finally all trades closed today (2017.nov.9.)…
Be careful today because this is the day of the FOMC Statement and the Fed Interest Rate Decision. This will make the one of the biggest movement in the market…
I’m in vacation right now, so I will not make too many trades today before the FOMC Statement. You also have to worry about GB’s PMI and other US news before the Statement, so if you’re using my trading strategies today, don’t forget about these events, because these can ruin your trades.
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