4th September News Trading

Good Day!! Traders & Apprentices

Here is the news today and what I am expectng?

1. Australia GDP = I am expecting a weak GDP and forcing the AUD back to its downward movement
2. Spanish and Italian SERVICES PMI & EURO Final PMI = I am neutral but EURO will continue on a downward movement as long as the tapering from US is on the table
3. EURO revised GDP q/q =  Will be weak and I am expecting further downward movement of EURO
4. CAD TRADE BALANCE =  is going to be weak after last week GDP results – expecting CAD to weaken further
5. USD TRADE BALANCE = Going to be interesting – as I am expecting the USD to strengthen further…
6. CAD RATE =  The day will end with BOC making decision to reduce or increase interest rate tonight….

Have fun and let’s start having fun in trading…..

HEAD OF EDUCATION

*This post was derived from www.traderence.com

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