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NAS100 IS PREPARING TO BLEEDNas100 has on an uptrend for many days, years,It being an NFP week, market makers are trapping retail traders until endweek, however nas100 has a support trendline which has not been tested for the third time although it is strong and very effective.We are looking forward for a bearish momentum to the downside after the market reverses from the zones I have drawn keeping in mind the support trendline has broken now all we waiting for is simply a retest to the psychological supply zone
FX:NAS100Short
by fx_kieha
KEY ECONOMIC REPORTS TO PLAN AND PROFIT FROM TRADING INDICESOANDA:NAS100USD A quick search for Actionable economic data results in overwhelming results leading to analysis paralysis. Today we'll list some of the reports we watch out for and hopefully you'll profit from the same 1.Non-Farm Payroll Top of our list is NFP Monthly report showing changes in U.S. jobs. Drives Fed policy and indicates economic growth. 2.Earnings Releases Lists changes in earnings of publicly traded companies, which can move the market 3.CPI (Consumer Price Index) Measures inflation or cost-of-living changes through average price of a basket of goods and services. 3.Federal Reserve open market operations Indicates the buying and selling of securities by U.S. central banks as a tool of monetary policy. 4.U.S. Unemployment Report Presents U.S. unemployment rate as percentage. Drives Fed policy and indicates economic strength. 5.FOMC (Federal Open Markets Committee) Determines U.S. monetary policy and whether to move the key interest rate. Drives stock market movements. 6.Industrial production Tracks change in monthly raw volume of industrial goods produced. 7.Inventory reports Tracks changes in oil and natural gas supplies. Impacts energy prices paid by consumers.
OANDA:NAS100USD
by HURSTCAPITAL
Reversal of H1 TrendWe are looking at USDCAD on H1. We have higher bottoms and higher peaks. These are the signs of forming a new trend. When a trend is in its beginning, it is much more likely to continue. Therefore, we will look for opportunities to enter buys. What we have to take into account and be especially careful today is that it is the first Friday. I guess it's clear to everyone what this means - big job movements in both countries. The news comes out at the same time and we expect to see a big movement. Therefore, you MUST place a stop loss! You can choose to enter a trade after or during the news. This will reduce the risk, but it is possible to miss a lot of movement!
Long
by ForexTrendline
Nonfarm Payroll, RBA Interest rates – Week aheadBusy week ahead as September kicks in. As New Zealand and the United States elections slowly approach, the Coronavirus pandemic will most likely be the center focus for many parties and how they handle the post Coronavirus world. Here is your week ahead. Tuesday, 1st September – Germany’s Inflation and Unemployment rate Like most of Europe, Germany is experiencing an uptick in cases as a reopening of Europe too early takes its toll. However, this has not stopped protesters storming the German Government building in Berlin alongside Germany’s total cases ticked over 243,000. With prices of oil slowly increasing, analysts expect inflation to increase slightly by 0.1%. Furthermore, with Germany’s unemployment benefit allowing unemployed citizens to claim up to 67% of their previous wage, analysts predict no change in the unemployment rate at 6.4% in the week ahead. Tuesday, 1st September and Wednesday 2nd September – Reserve bank of Australia Interest Rate Decision and Australia’s Year over Year GDP. Australia continues to fight a hard battle with the Coronavirus, after their original strategy of having no lockdown has lead to massive spikes in Melbourne, Victoria. Australia recorded 123 new cases of the Coronavirus – all in the state of Victoria. Denita Wawn, Master Builders Australia’s Chief Executive, stated that “Our industry is facing a bath… Private sector investment is evaporating, and the government must step in to save businesses and jobs,” conveying how dire the situation is in Australia. However, the Reverse Bank of Australia is expected to hold interest rates at 0.25%. Any deviation from this consensus is most likely to move the Australian dollar significantly. Furthermore, Melbourne’s sustained lockdown has seen forecasts of GDP growth to drop to -5.3%, down 6.7% GDP growth of 1.4% in the previous quarter. Tuesday 1st September – Italy’s Markit PMI. One of the country’s worst-hit with the Coronavirus, Italy, has recorded over 268,000 cases with cases continue to spike, with newly registered cases yesterday just over 1,200. Italy is predicted to be one of the first to get a grant from the Bloc’s 750 Billion Euro grant as it suffers from worsening GDP growth pre-Coronavirus. Italy is set to release Manufacturing PMI’s to 52, slightly higher from 51.9 last month. Tuesday 1st September – Euro core inflation rate Year over Year Europe is currently experiencing a resurgence in Coronavirus cases as an early lifting of lockdowns just before Summer has forced a spike across Europe. However, many countries are against a second lockdown due to the Economic calamity it will bring. Analysts predict a drop in the inflation growth rate to 0.9%, down from 1.2% in July. Non-farm payroll – Friday, 4th September The United States continues to post daily double-digit Coronavirus cases as their total case count tops 6 Million. As elections approach in just over a month, President Donald Trump continues to let the economy open to win over voters. Non-farm payrolls are predicted to be just over 1.4 million, down from a previous 1.73 million print. As usual, we have many critical economic events that traders need to watch out for to avoid being whipsawed by the market in the week ahead. Trade Cautiously.
SP:SPX
by BlackBull_Markets