GA Breakout BUYING for the best
Upcoming Events +Sept 14 GBP rate decision +Sept 24 German Elections +Oct 30 ECB minutes and rate decision EUR vs GBP EUR rate 0 GBP rate 0.25 Carry Trade favours GBP German election is from EUR zone. Probably EURO could get more favoured BOE hike unlikely So EUR favours fundamentally I think despite carry trade
Hurricane could bring prices lower. China's Oil Demand Decreases hence Seller's in place atm. BOC hikes rates for the 2nd time in a row now 0.5 to 0.75 0.75 to 1 Hurricane could affect factoring. There will be more necessary for oil So prices could be heading up mid term but downside move is essential first. Trade with care.. Lowest range expected is 18-22
China's Oil Demand Decreases hence Temporary sellers in place BOC hikes rates for the 2nd time in a row now 0.5 to 0.75 0.75 to 1 Hurricane could affect factoring. There will be more necessary for oil. So prices could be heading up mid term
Sept 14 BOE rate hike unlikey NZD getting bit stronger Entry 1.8345 SL amount you can commit Target 1 1.7706 Target 2 1.7075
Carry Trade NZD 1.75 USD 1.25 NZD wins GOLD rising, OIL rising, ECB tapering delayed, US Debt Ceiling (Budget Cuts likely) Tremendous pressure on Dollar Long Term View
Events Yesterday +ECB minutes and Rate Decision Upcoming Events +BOE Rate Decision Sept 14 +FED Rate Decision Sept 20 +German Election Sept 24 +ECB Minutes and Rate Decision Oct 30
Now may be a good time to scalp long Looking to sell higher Target 1 Uptrend lower Trendline Target 2 Bat Completion Good Luck