16:00 CET: I just sold EUR/USD....
7:30 CET: US Central Bank is going to decide whether to hike or not the main interest rate at which commercial banks lands money to each other overnight. Traders say there is only 30% chance of raising which means that there would be a good risk reward ratio playing EUR/USD short in case of the hike. Watching markets behavior in last 3 days I decided to sell...
EUR/USD forecast 14 September 2015
As mentioned yesterday evening something is going on in the markets. Need to be very careful. I am going to buy EUR/USD if it goes above 1.1220 level.
7:30 CET: I was stopped out in EUR/USD as China is down again after bad data regarding trade balance were issued overnight. The export fell as much as 5,5% and import almost 14%, which is not good for the trading sentiment.
EURUSD is consolidating at current levels 1.1150, however it is vulnerable to fall further. Possible trade: sell now, stop +50, take profit -100
It is a NFP day today and no decision which way to play has been made yet by me. Some players want to sell the EUR/USD pair at the highs at around 1.1170 / 1.1200. I want to see NFP numbers first and then decide what to do.
Possible trade: Sell below 1.1200, if the pair goes higher stay aside.
All my positions are closed, I am waiting....
EUR/USD is expected to bounce higher today and give us a chance to sell it again. As we might see a spike-up afternoon the sell zone is quite wide today ranging 1.1330 - 1.1550. I am currently long EUR/USD and still shorting EUR/GBP (UK GDP 2nd estimate due at 10:30 CET).
Markets have stabilized for now but nothing has been decided yet as they are waiting for the next China step. If markets go up I am going to sell EUR/USD but if they fall further I am going to buy the pair. There is a speculation out there that PBoC could make Reserve requirement ratio cuts as soon as this week possibly on Friday, according to CNBC. China cut the...