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Trading on Wednesday – 2018.05.16

 

NEWS

The main economy numbers we have to check is the Japanese GDP, the EUR zone’s CPI and Mr. Mario Draghi’s speech. The US economy numbers will probably bad.

The expected movements for tomorrow will be negative for the JPY, EUR and USD too. The GBP will probably become stronger.

 

PAIRS TO CHECK

Yesterday, we talked about some trades:

CADCHF – CLOSED WITH PROFIT

USDCAD – CLOSED WITH PROFIT

AUDUSD – CLOSED WITH PROFIT

 

I wrote about AUDNZD on Monday. This pair’s signal didn’t confirmed. Tuesday was about moving higher, but a new signal appeared. There is a chance for confirmation during the Asian session.

NZDJPY was a possible trade in the last two days. The bad Japanese GDP can help to earn with the pair’s positive movement. We have to wait for confirmation.

USD became lot stronger today. I placed GOLD buy trades because of the strong reversal signals. USDJPY can be another pair, that can be a good choice for tomorrow.

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