30th August 2013 – News Trading and What can you expect today?

Good Day!! Traders and Apprentice

What happened yesterday?

Last week I was warning of the USD REBOUND and it has happened..and what can you expect this coming week and last night shocked everyone with an outstanding GDP results than made the USD rebound strongly..

This news last night made the USD strong…so what can you expect today?

• I am expecting the news in EURO to further be bad and will continue dragging the EURO lower
• Keep your eyes on German Retail sales and the Italian Unemployment Rate which I am expecting to be bad…

• CPI lower results going to drag the EURO lower and forcing the ECB to act on interest rate next month
• EURO unemployment is on focus today and any bad news will also drag the EURO down

• If you are trading the CAD keep your eye on GDP news as any good news you will have the CAD strengthen with a huge candle down…..
• Very interesting USD/CAD trade tonight….

• Friday will end with US consumer sentiment and FOMC Bullard views…
• Which I don’t see anything significant because of the anticipation of NFP next week and Tapering by the FED is on the table AND THIS WEEKEND AIR STRIKE BY NATO into SYRIA….
• USD is going to be a currency to keep an eye on….

NOTE: don’t be AGGRESSIVE today but rather conservative as we prepare for next week NFP – Non-Farm Payroll….

HEAD OF EDUCATION

*This post was derived from www.traderence.com

Disclaimer: Traderence Holdings Pte, Ltd. does not offer trading calls, trading models or portfolios that Subscribers should follow. Any trading model, trading call, or portfolios presented are Traderence Holdings Pte, Ltd. own opinions and are solely intended as educational information. Traderence Holdings Pte, Ltd. does not claim to have any special insight on the markets or on any security, nor does Traderence Holdings Pte, Ltd. claim that it is always correct in its opinions, trading calls, or securities selection. Traderence Holdings Pte, Ltd. will make mistakes and make bad trading calls. These are part of the education processes. Readers and or Subscriber need to make his/her own decisions as to what they should do with regard to their own trading and investing decisions.