Core CPI came out better than expected, which should prompt the RBNZ to be less dovish at the next meeting in their quest to hike inflation This prompts us to long NZD. As for the US dollar, we are still seeing a mixed Fed in terms of the December rate hike, and it could be expected to weaken in the long run. If you need a checklist to generate your trade ideas,...
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The minutes from the RBA meeting confirmed that the door was open for further easing. We are likely to see some downside in the coming weeks. Presenting us a good swing trade, although NZD has continued weakness which could hinder this trade. Other than that it has formed a nice inverted hammer on the Daily chart which is a good sign of a reversal.
BoE's Weale stated that they're in no rush to cut the base rate. We still see increased weakness in the yen. So we shall be long this pair only if price action aligns with the trade idea
The Bank Of England are highly expected to cut their interest rates at today's meeting, or at least dovish on their stance. short GBP pairs in this case.
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If the number comes out below -300k we buy oil If it comes out more than -300k we sell oil
AUD GDP came out more positive than expected which beat estimates, CAD dovish GDP weakened currency.
If AUD GDP comes out below 0.6 or 0.6, sell it for 80 pips with targets at 0.716 If GDP comes out above 0.6, its not worth trading. Join our free community at community.forexwhizz.com
Short EURUSD, close before Core CPI is released Join free community.forexwhizz.com
Short Aussie to 0.715, to take profit if aussie.Aussie PPI coming out in a few hours, if it is bearish just short it
If US GDP (and other data) beats estimates, and hawkish comments from Yellen speech. We shall have USD strength across the board. Have two trades. Set stops below 1.3014, and targets at 1.10955 for an ambitious target. Join Free Community community.forexwhizz.com
If US Data beats estimates, and hawkish comments from Yellen speech. We shall have USD strength across the board. Set stops above 1.12396 and targets at 1.10955 for an ambitious target.
Look to short EURGBP if it pulls back into the 0.76500 level Stops at 0.6719 and targets at 0.75496 Join our free community
Short Aussie if it pulls back to 0.71808 targets at 0.71074 join our free community.forexwhizz.com