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Trading News ReleasesFor those who consider U.S. Major News Releases in trading, here are projections for the upcoming week's session: ** Projections ONLY ** GDP Growth Rate : From 2.6 to 2.0 Employment Rate : From 4.3 to 4.4 Inflation Rate : From 1.7 to 2.0 Interest Rate : From 1.25 to 1.25 Government Debt to GDP : From 106.10 to 106 Goods Trade Balance : From 43.6bn to 45.0bn / 46.6bn Nonfarm Payrolls : From 209 to 165 Nonfarm Payrolls Private : From 205 to 192 ADP Employment Change : From 178 to 186 Personal Income : From 0.00 to 0.29 Consumer Confidence : From 97.6 to 95.0 Personal Spending : From 0.10 to 0.30 Personal Income : From 0.00 to 0.29 Building Permits : From 1230 to 1150 Housting Starts : From 1155 to 1190 New Home Sales : From 571 to 550 Pending Home Sales : From 0.50 to neg. 1.9 Existing Home Sales : From 5440 to 5500 Retail Sales MoM : From 0.60 to 0.30 NY Empire State Manufacturing Index : From 25.2 to 9 Ism New York Index : From 62.80 to 57.43 Dallas Fed Manufacturing Index : From 16.80 to 14.3 Chicago Fed National Activity Index : From neg. 0.01 to +0.09 Philadelphia Fed Mfg. Index : From 18.90 to 12 Richmond Fed Mfg. Index : From 14.00 to 6 Full list can be found via provided url link: tradingeconomics.com * PERSONAL REFERENCE ONLY. Please use your own rules and strategies prior to entering market. ** Forex trading involves HIGH RISK. Before entering a trade, carefully consider your objectives, financial resources and level of experience.
NASDAQ:CECO
by ALSM59
EURUSD Bullish trend w/cautionEURUSD appears to maintain a Bullish trend ahead of US Nonfarm Payrolls and Unemployment Rate release tomorrow (Friday). A positive report could see a short-lived reversal, so caution is advised. However, positive or negative, the EUR appears to be able to maintain an upward trend even after the news settles. For me, BIG NEWS = Caution so sitting this one out, picking back up next week. Good luck to all. R1 1.1870 R2 1.1910 R3 1.1945 S1 1.1820 S2 1.1780 S3 1.1750
Long
by ALSM59
GBP/USD Range OutlookWhile GBP/USD swiftly bounced from it’s brief foray below $1.20, price has once again been capped by the range that you can clearly see in the daily chart The upper level of the range is definitely acting as resistance and the way it held again back in the first week of February puts Cable in play for shorts. Just keep in mind that it’s a 700 pip range and we’re already 250 pips off the highs. If that’s too close to the middle and not playing the edges for you, then fair enough. But as always, I would then look to zoom into an intraday chart and find an area of short term support turned resistance to manage risk around
by WaveElliot