This morning I started to chat with all of the Forex Strategy Coure’s students about the USD. I explained an easy strategy, how to trade this afternoon. First of all, I have to show some comment under the USD chart on Investing.com.
Most of the traders on Investing.com said that the USD will go lower, only some of us said that the NFP will be positive and the USD will go up. As you can see I wrote that I’m waiting for a strong USD, above 89.00.
Shrimp is a big USD lover 😀 This time we were on the same side.
And finally. this happened after the positive numbers arrived. The USD index went above 89.00.
The Nonfarm Payrolls always an important number and as you can see, the forecast was 180k, what is 14k higher than earlier. This’d be a good number, but the published number is 20k higher than the expected. This is real big difference, and this is why the raise in the USD index and in the USD pairs was that fast and big.
Some words about how we traded today before the news. I’ll not show the whole strategy, because the members paid hundreds of dollars to learn working and profitable strategies. We used pending orders to trade. We placed Sell Stop to AUDUSD and Buy Stop to USDCAD. We placed these trades 1-2 minutes before the publishing of the NFP numbers 200 points higher/lower than the actual and waited for the news. The TP placed to 30-50 pips, with 250 points Trailing Stop. ALL TRADES REACHED TP. All students earned 7-10% profit with this 2 trades only, and another 3-5% in the EU session with scalping with GBP, and EUR pairs…
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I wrote about my expectations last night. I waited for good Australian CPI, as the forecasts showed, but as you can see it failed. The numbers will lower than the expected, what turned our EURAUD and AUDNZD trades. The EURAUD closed by Trailing Stop, but AUDNZD is still running in the negative area…
The other thing was the Trump speech. The speech was not boosted the USD. The positive thing about the speech that the President didn’t tell any negative. So the USD goes down slowly.
This is not good for our strategy, because my startegy shows possible trading opportunities to the other direction…
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“President Donald Trump, battling a probe into his campaign’s alleged ties with Russia and struggling to sell Americans on his leadership abilities, will take credit for U.S. economic gains in the past year in an address to Congress on Tuesday night.
Facing a looming deadline on an immigration controversy amid strong Democratic opposition, Trump will also call for a bipartisan compromise of the type that has eluded him during a turbulent first year in office marked by partisan battles.
Trump will visit Capitol Hill to deliver his first State of the Union speech at 9:10 p.m. (0210 GMT on Wednesday).”
READ MORE ABOUT THE SPEECH HERE!
“US President Donald Trump has said he does not blame China for the “unfair” trade relationship between the countries, despite long railing against the economic imbalance.
Speaking in Beijing, he gave China “credit” for working to benefit its citizens by taking advantage of the US.
He spoke alongside China’s president Xi Jinping on Thursday, as the US leader continued his tour through Asia.
The pair also signed $250bn (£190bn) worth of business deals.
However, some of the agreements are non-binding, and it was not immediately clear how many represent new or final contracts.”
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” On Thursday, President Trump thanked Ms Yellen for her stewardship of the bank, calling her a “wonderful woman who has done a terrific job”.
Mr Powell, who has an estimated income of between $20m and $55m (£15m-£41m), is a lawyer by training and a former partner in the Carlyle Group, one of the world’s biggest investment companies.
He was appointed to the Federal Reserve board in 2012 and has voted with the majority on issues such as interest rates.
In brief remarks on Thursday, Mr Powell said the economy has made progress since the financial crisis and pledged to make decisions “with objectivity, based on the best available evidence”.”
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” The tax outline unveiled this week by President Trump and the congressional Republican leadership would reduce federal revenue by $2.4 trillion over the next decade, according to a new analysis by the Tax Policy Center. The plan would cut taxes for low- and middle-income households modestly, while focusing most of its benefits on the highest-income 1 percent.
President Trump has promoted the tax package, called the “Unified Framework for Fixing our Broken Tax Code,” as an historically large tax cut for the middle-class and a tax increase for the highest-income households. The reality, however, is quite the opposite. ”
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” U.S. President Donald Trump is scheduled to have an interview later on Thursday with current Federal Reserve chair Janet Yellen in what will likely be his last interview before making a decision over who will continue at the helm of the U.S. central bank when Yellen’s term expires in February 2018.
Yellen herself could be reappointed as Trump has included her in the list of five possible candidates.
The other four prospects are Stanford University economist John Taylor, current Fed governor Jerome Powell, National Economic Council Director Gary Cohn and former Fed governor Kevin Warsh. ”
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