Good Day!! Traders and Apprentices
Today once again is going to be an important day for all traders around the world to decide for the whole month whether to buy or sell USD….
What are my expectations?
- 3.15pm – Will be Swiss CPI – which will start the volatility for EURO…..I am expecting a weak CPI that will further weaken the Swiss against the USD – BUY USD/CHF with FCS & FC
- 4.30pm – will be news from UK manufacturing data – which I am expecting a strong data as usual – after a series of good data’s released from UK the past months
- 8.00 – 8.30pm – the eyes of all traders will be on the US employment change that will rock the market – I am expecting a good result from US and that will lead US FED to start tapering soon in the next FOMC meeting..
My suggestions
- Do not trade till the NFP
- Trade with the trend and do not fight the trend
- Stay focus on buying the USD and selling it when the data is good tonight
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.
No comments:
Post a Comment