#fxstrategy

EURUSD – How low can we go…..

Afternoon Traders, I’ve taken a screenshot of the EURUSD on a weekly timeframe. We have witnessed a real increase in the sell-off this year. Price has not traded below the support level lows we had in 2020. Last week’s candle close created a DOJI candlestick pattern. Last week was the 1st week of a new […]

US CPI data out this week !!!

Good Morning Traders,   Well, the 1st week of May is out of the way. We saw the FED raise rates another 0.50bps. FED Chair Powell was doveish in his speech. Markets are wondering if the next rate hike will be as aggressive. Non-Farm data was not too bad. Another 400 thousand jobs were created. […]

Forex Market Update Tuesday 12th October 2021

Morning Traders,   This morning, UK data output stats clearly show a mixed bag. Average earnings increased and so too did Unemployment, which decreased as required. HOWEVER, Claimant Count shows that the uptake of available jobs was not happening. We have seen this type of breakdown across the globe. Jobs are available, HOWEVER, those jobs […]