” The dollar edged lower against a basket of the other major currencies on Monday after its recent rally to multi-month highs stalled amid diminished expectations for an aggressive pace of monetary tightening by the Federal Reserve this year.
The , which measures the greenback’s strength against a basket of six major currencies, was down 0.23% at 92.23 by 03:42 AM ET (07:42 AM GMT).
The index hit four-and-a-half month highs of 93.26 on Wednesday before retreating, to end the week almost unchanged, snapping three straight weeks of gains.
The rally in the dollar lost momentum after tame U.S. inflation data tempered expectations for a faster pace of rate hikes by the Fed.
The Fed raised rates in March and projected two more rate hikes this year, although many investors had seen three hikes as possible. ”
Read more about it Investing.com !
I wrote about this project here some days ago.
New Forex Project Will Be Launched Soon
The website is almost ready and the trading accounts are almost running. I created them yesterday and I started to trade on the accounts.
So the site is almost ready, the first tests finished fine. During the next 3 months we’ll test let anyone to register and use the system, but we’ll not promote it. After the 3rd month, we’ll start a marketing campaign to boost the program.
The VIP investors can buy profit shares of this program. 2 + 2 for $1000 each and every owner will receive 0.75% profit after each shares. 36 from the first 50 sold. So if you want to buy shares in the first round, contact me now!
I think we’ll be ready with every setup in the next 2 days, so anyone can join the program as a user or as an affiliate soon.
Let’s see a fast review about tomorrow. As you can see the main news will be the German job datas and the British and the Canadian GDP.
I haven’t got too much info to tell what will happen, because I had no time to read forecasts and economy news, but I can tell you what can be good for our trading strategy.
We need weaker GBP and EUR, stronger USD and CAD. Will it happen? I’ll write about it, in the new trade posts. probably we’ll have some tomorrow.
Yesterday was about the retracement of the USD.
But do you know what happened? Will the rising continue?
Probably, yes. Because of to things:
- USD against Sterling. Sterling’s price is falling what pushes the USD up.
- the fear of US-China trade war is lot lower, so investors started to come back. The bad datats stopped the movement for a while, but didn’t change the new trend.
Wednesday’s most important data is the US GDP (probably better than the expected). This data will able to push the USD higher and the GOLD’s price down.
The other question is, how will the british HPI datas will change the GDP price. My bet is that it will not really move it, the GBP will be weaker and weaker.
I think that the EUR will go to lower areas, becuase nothing holds it up. The investors has better options to trade…
What can you do to make profit today and this week?
Invest your money ( CLICK HERE ) or just sell GOLD (use strict risk management).
Contact me if you want to be a part of our successful trader and investor group!
Today, another “Forex trader hater” commented on one of my shares. I know that I have many successful and satisfied course member, investor and signal user, who’s been earning money with my services.
I don’t really understand these kind of guys. He’s telling that Forex is risky and it’s impossible to earn with it constantly. I asked him to join my free program (so I’ll give him money to trade). His answer was ” That you now offer a “free” program” only cements my growing suspicion that you are a con artist.”. I don’t really know what should I have to tell to a guy like this…
I am helping people to earn money with Forex. This is a huge market, so this is not a bad stuff to help those who follows me to be on the winner side of the traders. My startegy is not the easiest. You have to understand it, you have to practice, but in the end, you will able to earn money with it month by month (lot more money than most of the online earning options).
I’d like to ask you to comment here your experiences about my service. Just write some words about are you satisfied or not!
Today will be a big day for FX trades. Some important decisons and economy numbers will probably move the market.
We have three main currencies today, the GBP, USD and NZD.
I bet that Claimant Count Change will move the market and this nuber will probably be a lower one than the expected. The Avg. Earning Index aseems almost the same like earlier, so the movement will be probably BEARISH.
The Fed Interest Rate Decision is very important. The main problem with it, that the Fed will probably raise the Interest Rate to 1.75% (99% chance), and all traders know it. So what will happen with the USD?
If the Fed somehow let the interest rate @1,50%, this will be a huge surprise. The USD price will fall! If the new Interest rate will be 1,75% the USD will probably become stronger. BUT as I said all traders/investors wait tor this scenerio so there is a chance of low movement. SO, everyone will wait for the Press conference, where we will receive more information about the Decision and the future plans. This will help the investors/traders to decide about the investment values, and that can really move the market for longer term.
My bet is a BULLISH movement for today.
The Reserve Bank of New-Zealand will also decide about the Interest rate. They will probably let the rate @ 1,75%. I think it will only generate a short term movement. My bet is a BEARISH movement.
Many new friends joined us in the last some days and as I said we’ll earn real good profit this week. This movement is started. We can see many signs to trade and I’m sure that these will be comfirmed soon.
There were some nice waves for the scalpers today, but I didn’t have time to trade this morning. I checked the H4 chartrts but I couldn’t see any possible trading signal. The market movements were low and I don’t think that it will change today.
During the Asian session the RBA Meeeting can generate some movement, and if I’m right it will be positive for the AUD. The JPY will probably become weaker.
The European session can also make nice movements to us. My prediction is that the GBP will go down, but the EUR will become stronger.
The US session will be real calm. Only a Wholesale Sales number will be published from Canada (CAD will probably go up), and the Crude Oil stock (that will not really move the USD).
We’ll probably have more trading option tomorrow that today. The stronger AUD can confirm many pairs, and the weaker GBP can also help us to trade.
So, come back tomorrow. I think we’ll start trading during the Asian session…
Investment plans for VIP investors!
Let’s prepare to next week. First talk about the news.
Monday will be real calm with less important news. The EU Finance Ministers Meeting can make movements, because any Minister can say something important. If it happens the EUR can move bigger what will probably move the USD and GBP.
The whole week will be real calm, so probably the technicals will dominate.
We have many mid term and long term trading options near confirmation. My first pick is AUDCAD.
We set a sell trade earlier, but I closed it before the market closure. I will set it again with a pending order after the market open, because the technicals still shows the same movement and be sure that the CAD will be stronger and stronger during the next week.
This is why we have to check NZDCAD time by time. NZD also became real strong during the last weeks, so it can be a good pair to trade with CAD.
Another pair we’ll check is the EURUSD. We earned real nice amount with EURUSD sell, but this week it probably go back to higher area, so we’ll wait and trade from the right value.
The conclusion is that we will have a calm week, what will probably help us to set easy and profitable trades. I’m sure that all investors, course members will earn nice profits next week.
If you didn’t join the Investor’s Group or the Course, hurry up and change your life from tomorrow…
Investment plans for VIP investors!
Today the market moved to wrong direction time by time. But I want to write some words about the US market open.
I asked VIP investors and some of my friends to set some pending trades before the US market open. I predicted that the US GDP will be worse then the expected, the Canadian RMPI will be better. I asked to set these trades ~30 min. before the market open.
And what happened?
The dollar went higher for another 30 minutes…
This is when the market doesn’t react to the news. We will let the pending trades open, because the news will probably help the trades to go to profit soon. Anyone can join it.
Here are the first pending trades of the week. I suggest to use high Trailing Stop for these trades. Let these run for long.
PLEASE UPDATE THE PENDING TRADES!
USDCHF – PENDING TRADE OPENED 👍👍👍 CHECK POWELL SPEACH @14:30 (GMT +1:00) Tuesday! Close half trades @40-50 pips profit, place SL to positive!
AUDJPY – PENDING TRADE OPENED 👍👍👍
Always trade with safe LOTs and use Trailing Stop. 😳😳😳
Read more about trading: https://dailyprofit4life.com/how-to-use-the-signals
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