THE CURRENCY TRADER’S BLOG

 

 

Currencies to be looking at today

Morning Team,

 

Looking at this morning’s Matrix screenshot. We have a number of pairs that we should be focusing our attention on. All those with the CLEANEST boxes are the ones to focus your attention on. Nothing more – nothing less. Having the right tools is important in any job that you have. The same in trading. The Right Tool for the right job gets you the best return for YOUR TIME INVESTED !!!

 

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US Inflation Report Day…

Good morning Traders,

 

This afternoon we have the anticipated US CPI stats. Now, the FED has mentioned on numerous occasions that it does NOT use these stats to decipher true Inflation. However, it’s a precursor for some. IF those stats come out HIGHER than expected – The FED might have to move more aggressively on the next Rate adjustment. Expected contraction… Let us hope that it does indeed contract. God forbid it’s higher…

China data earlier ( see economic calendar posted below) points to further signs that Inflation is still very much around and NOT going away.

 

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Today belongs to FOMC Members

Good morning Traders,

 

Well, looking at today’s economic calendar. It seems that today is  FED members Day. We have not one BUT 5 FED members speaking this afternoon.  See economic calendar posted below for more info

 

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