UPCOMING EVENTS: Tuesday: PBoC MLF, Australia Wage Price Index, China Industrial Production, UK Jobs Report, German ZEW, US Retail Sales, Canada CPI, NAHB Housing Market Index. Wednesday: RBNZ Policy Decision, UK CPI, FOMC Meeting Minutes. Thursday: Australia Jobs Report, US Jobless Claims. Friday: Japan CPI, UK Retail Sales. Tuesday The PBoC is expected to keep
Prior was 71.6 Current conditions 77.4 vs 76.9 expected (76.6 prior) Expectations 67.3 vs 68.1 expected (68.3 prior) 1-year inflation 3.3% vs 3.4% prior 5-10 year 2.9% vs 3.0% prior I don’t have much use for this survey. It was pointing to a severe drop in consumer spending late last year and the consumer has
In a mostly quiet volatility week, our strategy discussions arguably went well, including strong bullish moves in USD/JPY and GBP/NZD. Let’s do a quick review and see how the strategies played out! USD/JPY 2-Hour Forex Chart by TV On Monday, our strategists pulled up on USD/JPY, wondering if the fresh decline in the pair was
Monday: Fed’s Bowman (hawk – voter) delivered hawkish comments over the weekend as she leans towards more rate hikes: We should remain willing to raise rates at a future meeting if data show inflation progress has stalled. In considering further rate hikes and how long to keep rates restrictive, consistent drops in inflation will be
EUR/USD: Inflation, GDP, and Prospects for Monetary Policy ● Looking at the two-week flat trend on the EUR/USD chart, one is reminded that it’s August, a vacation season. Even the US inflation data released on Thursday, August 10th, couldn’t disrupt the relaxed demeanour of traders. And yet, they warrant close attention. The year-on-year Consumer Price
MASTERING THE ART OF FOREX TRADING: A Comprehensive Guide to 20 Proven Strategies Welcome to the thrilling realm of foreign exchange (FOREX) trading, where fortunes are made and strategies are the keys to success. In this comprehensive guide, we delve into 20 battle-tested trading strategies that have become the backbone of seasoned traders’ toolkits. Whether
If the initial deposit is $1000 on a HIGH RISK micro account use the parameter settings below: Currency pairs: GBP/USD Timeframe: M5 Leverage: 1:500 Swap free account (forex robot will hold floating loss for weeks or even months) Parameter settings for GBP/USD, M5 MINIM_DAILY_PROFIT = Minimum daily profit = 10000 BATAS_FREE_MARGIN = Free margin limit = 50 JAM_ON = The robot starts trading = 1 JAM_OFF = The robot
Forex market players zoned in on Chinese data and U.S. inflation figures this week as these tend to strongly affect monetary policy expectations and sentiment. These reports signaled potential slowing inflation and growth conditions on net, spurring traders to balance narratives like calls for additional stimulus from China, a peak in the Fed rate hike
If the initial deposit is $1000 on a HIGH RISK micro account use the parameter settings below: Currency pairs: GBP/USD Timeframe: M5 Leverage: 1:500 Swap free account (forex robot will hold floating loss for weeks or even months) Parameter settings for GBP/USD, M5: MINIM_DAILY_PROFIT = Minimum daily profit = 10000 BATAS_FREE_MARGIN = Free margin limit = 10 JAM_ON = The robot starts trading
This article is a summary of the manual trading system I use and publish in our very popular Morning Briefing channel. Please subscribe if you like to get daily updates of our trading activities. We recommend reading the entire article. So let’s get started now. The tools you need are FX Volume and FX Power NG
